Corporate Expansion: Relocation or Renovation? (Part II)

Posted on Updated on

overcrowded office spaceLast week we began the discussion of renovation vs. relocation during the corporate expansion process. There are several questions that need to be asked and subsequently answered before deciding whether to relocate to a new office or to renovate your current workspace. To simplify the decision-making process, D.J. McGauley & Associates has prepared a checklist of questions that you should consider.  The list continues below…

4. How will the expansion affect your bottom line?

Whether you relocate or renovate, you should first calculate the monthly costs it will entail. Will relocating increase your basic costs? Will renovating be more costly for your business in the long run, in terms of maintenance, because of the increase in lease?

Carefully evaluate which of the two options will increase the efficiency of the employees, offer better access to workers, and improve the visibility of your business among several other factors. It all boils down to how it will affect your bottom line, given the interplay of expenses and projected earnings.

5. Do you want to tweak or complete re-brand your company image?

The avenue of corporate expansion you choose will ideally affect your customers and clients as much as it will affect your employees. Many businesses have strategically chosen corporate relocation to jump start their company’s image. This relocation is just one of the many changes they undertook—along with offering new products and services, changing their vision, and sometimes, even changing their names! If you want a fresh start in the truest sense, then a corporate relocation may be exactly what you need.

On the other hand, some companies are reluctant to take such a measure but at the same time express a desire to contemporize their workplace and improve its layout, energy efficiency, and technology. This is where renovation is a more viable option.

6. Do you want no disruption to your operations?

Whether you choose renovation or relocation for your corporate expansion, you can’t lose sight of your business goals—the achievement of which is the entire reason why you’re expanding in the first place. For this reason, you need a corporate relocation and renovations specialist that will ensure that the expansion will go smoothly and will take into account the achievement of all your organizational goals. D.J. McGaulay & Associates will do this, and more; it will also help you understand your new facilities better and provide the assistance needed for post-relocation or renovation.

3 thoughts on “Corporate Expansion: Relocation or Renovation? (Part II)

    meltonmoving said:
    February 10, 2013 at 10:35 pm

    Reblogged this on Meltonmoving blog.

    Human computer interaction masters degree said:
    July 9, 2014 at 7:08 am

    After checking outt a few of the articles on your blog, I honestly like yur way of
    blogging. I book marked it to my bookmark website list
    and will bbe checking back in the nnear future.Take a look
    at my website as well andd tell me your opinion.

    https://forum.jquery.com said:
    July 30, 2014 at 12:20 pm

    You are so interesting! I do not think I’ve read something liuke that before.
    So nice to find somebody with original thoughts on this
    topic. Seriously.. many thanks for starting this up. This web sie is one thing that is needed on the internet,
    someone with a little originality!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s