If you’re a business owner who’s looking to expand, that can only mean one thing – you are doing well! Congratulations, first, for being in a successful position in your business. Whether you are working for a small start-up or are running a multinational company, expansion can be a stressful but exciting experience. Now, down to the issue at hand – how does one expand their business? Buy more space, or simply streamline the space you currently own?
Well, both are an option, and luckily for you, we’ve dived into both and come up with some top tips for expanding your business. We have spoken to experienced business experts, and if you read on, you will learn how they have expanded successfully.
Buying More Space
The first thing to decide is whether you need to purchase or lease new space or stay where you are and utilize the space better. If you are expanding in a business-like production, manufacturing, or transportation, new space may be essential. If this is the case, you must carefully consider what you need and where to get it. There are plenty of commercial real estate agents who can help you understand your needs and find them for you.
Things to consider include space, where it is, how many people will work there, what machinery will move there, and space. Price is a factor, too, of course, and that is something only you can quantify. Your business expansion, in theory, will lead to more profit eventually, but you must make sure you factor in the costs of expansion and expect to take that initial financial hit.
Redesigning Current Space
Plenty of business owners don’t realize that they can simply modify the space they have with a professional office fit out. These professionals will come into your business, help you analyze the space, issues, and designs. Once you have met with these teams, they will suggest ways that you can streamline your current space to make it more ergonomic, productive, and professional. Here are some of the ways they do this.
1. Remove Unused Space And Declutter
Do you have meeting rooms or kitchen areas which are constantly underutilized within your office? Well, they’re the first things that need to go. Obviously, you can’t get rid of all rest and recreation areas – need to keep your staff happy! But, we do notice lots of wasted space in offices. You may not think it at first, but when you consider how often some of these spaces are used and how they could be improved upon, you may see differently.
For example, scrapping the giant boardroom for working lunch meetings or replacing a bulky old kitchen with a whole new department while placing a small modern kitchenette in the corner of another area. These things save space and make for a better environment.
We don’t mean making everything look sexy and streamlined, though that is certainly a nice touch and also achievable! By separating teams or processes into different areas of the building, you can streamline your office, maximize space, and boost productivity ten-fold. This is a great way of expanding without ever having to move. For example, if you are designing and manufacturing in the same area, separate them and create individual divided ‘hubs’ for each sector of your business.
3. Storage Solutions
One thing many people get wrong in their office is storage. Firstly, consider what really needs to be stored, printed, or saved. Are you wasting paper or other resources as well as taking up extra space? So much of the world is digital nowadays it can seem very wasteful printing on paper and keeping stacks of it around the office. But, of course, there are always times when paper and other materials are needed, and therefore need to be stored. If this is the case for you, consider vertical or under-desk storage to improve your overall floor space. This could give you room for many more desks or useful areas for expansion!
4. Ergonomic Furniture
Another consideration is your office furniture. Many older desks are bulky and unnecessary compared to the size of the modern computer. Consider hot desks, so people are able to work wherever suits them, or even standing desks. Standing is much better for your employees than sitting all day and can also improve available space for storage.
If you haven’t ever considered any of these points before, we sure hope they have come in useful. Expanding your office space or making the most out of your current situation is a challenging job, but one that can bring many financial and emotional rewards to yourself and your business. Good luck with your office expansion.