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There comes a point when you simply need to expand your office space. There are many reasons why you may need to expand your space, but in most cases, it’s simply because your business has grown. If you want to make the most out of your expansion or if you want to try and rocket your business potential, then this guide will help you to find out everything you need to know.
Talk to your Staff
Sometimes, the rumour of your company expanding can be enough to make your team feel somewhat uncomfortable. For this reason, it’s important to make sure that your team feel valued and that they are also kept updated about your expansion plans too. This will help them to feel assured that they are part of your company’s bigger picture, and that you are not overlooking them.
Consider a Lot of Different Locations
When you are thinking about an office expansion, you might want to check to see if working across more than one location is ideal for the type of business you own. If you think about this early-on, then you will be able to save a lot of time and money throughout the whole process. If you are working from home then it may be that you can get a terrace house extension.
Review your Lease
It doesn’t matter whether you are choosing to stay or whether you are looking for a new building entirely because it is always a good idea for you to review your lease. The lease agreement will probably contain a lot of information which will help you with your expansion. As an example, you might have the rights of first refusal for any other spaces in the building and you may even have a buy-out option as well. This will give you the chance to leave if you have a pre-negotiated price. These are all very good options if you want to try and stop yourself from having too many unnecessary business expenses.
Plan your Expansion
So many businesses try and expand their offices without having a concrete plan. This is not a good idea. Sometimes you might not need to expand at all. If you want to stop this from being an issue then you need to try and think about the long-term plan for your business and you also need to try and find a space which meets them over the long-term. This will save you a lot of stress when it comes to moving again in the future.
Talk to your Landlord
You may well need to contact your landlord to ask them if there are any other spaces which are big enough to accommodate the needs of your business. This is ideal if you like the business space you have now but just need a bit of extra space. This will help you because it will cut down the cost of moving and it is also one of the fastest ways for you to expand as well.