It’s far from easy running a small business.
When you’re not busy weathering economic volatility, finding suitably qualified employees and maintaining a foothold in your market, there comes a time when you’ll need to up sticks and find new premises.
Whether your existing lease has expired or your booming business merely needs something bigger or more modern, it’s no secret that it can be a time consuming and costly exercise for the unprepared proprietor.
But help is at hand.
Rather than holding your head in your hands or hitting the bottle in a desperate attempt to deal with the strain, simply read our five top tips for choosing the ideal headquarters to suit your small business.
Top Tip #1: Begin Your Search Online
Whether you’re looking for a warehouse in Wigan or a shop for sale in Skegness, your search for a new premises should always begin online. Why? Because it allows you, at a glance, to see what’s available in your area – and in your price range – without wearing out your shoe leather.
Top Tip #2: Choose Your Location Wisely
You may not know it, but there are certain features that make shoppers less likely to visit your premises. If the street is too narrow, for example, folk may not stop to browse – and this can affect your bottom line. Instead, opt for a pedestrianised street as this encourages foot traffic to dwell.
Top Tip #3: Ample Parking Is Crucial
With the number of vehicles on British roads at an all-time high, it’s essential your search for the perfect premises takes parking into consideration. Handiness is paramount for the modern consumer, with “inconvenienced” shoppers unlikely to give you a chance if they can’t park nearby.
Top Tip #4: Stick to Your Budget
For any business, but especially for SMEs, cash can be invariably tight – which is why it’s important not to go overboard when choosing a premises. Consequently, a smaller space is often better, as it’s not only more alluring, but it avoids you having to splash the cash to fit out a larger premises.
Top Tip #5: Don’t Be Afraid Of Competition
It’s easy to avoid butting heads with your rivals, but healthy competition is actually a good thing for your business. Just take a quick peek at any high street, for instance, and you’ll typically find several banks of fashion shops right next to each other – so do your research and be prepared to compete.
Do you agree with the five top tips above?
Has your business moved to a new location recently? What else would YOU include when searching for the perfect premises? Let us know by leaving a comment below – we’d love to hear your thoughts.
Founder Dinis Guarda
IntelligentHQ Your New Business Network.
IntelligentHQ is a Business network and an expert source for finance, capital markets and intelligence for thousands of global business professionals, startups, and companies.
We exist at the point of intersection between technology, social media, finance and innovation.
IntelligentHQ leverages innovation and scale of social digital technology, analytics, news and distribution to create an unparalleled, full digital medium and social business network spectrum.
IntelligentHQ is working hard, to become a trusted, and indispensable source of business news and analytics, within financial services and its associated supply chains and ecosystems.