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Six Signs that it’s Time to Consider a New Workspace
  • 27 March 2018
  • Eric Michaels

Six Signs that it’s Time to Consider a New Workspace

When you own a small business, you have multiple roles and responsibilities that you need to manage daily to keep things running smoothly. When running a business, you should also pay attention to the type of environment your workplace offers. As you prime the business for success – whether it’s being near the right suppliers and vendors, customers, or even employees – where your business is based out of can impact each of these. As a growing small business, you want a space that allows you and your staff to focus, where you can comfortably host clients, all in an environment that fosters collaboration and meets the needs of your business.

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It might be time for you to consider a new workspace for your business if any of the six points ring true:

1. You need more room to think and focus

It takes incredible discipline to sit in a chair at a small desk and be productive, especially when you have the internet at your fingertips. If you’re the type of person that feels constricted by a small space, your ability to think clearly and come up with high-quality ideas may suffer. Touch base with your team to find out if they feel the same way, because the cramped quarters could be keeping everyone from reaching their full potential.

2. You are ready to hire more employees

When your small business is booming, you may need to consider hiring additional employees. But your current office may not be equipped to handle the increase in staff, leaving minimal space to work and collaborate. At this point in a business, you’ll need to seriously consider a larger space to foster the growth and expansion for your business.

3. Your personal life gets in the way

If you currently work from home, you may realize you need more space to be productive. Perhaps you’ve recognized a need to bring on an employee or two. Or maybe you have family members or roommates who also work from home. If your work from home space doesn’t offer you a way to really separate from the ongoing interactions of home and family, it’s also probably time to make the investment of a new workspace. Distractions and constant interruptions can take their toll on quality and productivity.

4. You want to network

If you’re looking to make more connections within the business community, a change in workspace location can make all the difference. If your company is small enough, you might consider a coworking space. These have become quite popular in recent years, attracting small, innovative people to come together in a shared setting while maintaining their unique and individual businesses. A coworking space can provide you with new opportunities to network with other entrepreneurs, independent consultants, contractors, freelancers and more. While the coffee is usually free and the space should be comfortable, there is one overarching benefit: the chance to talk shop with other business owners and entrepreneurs, forging professional partnerships that can help you grow your company.

5. You see a chance to lead

Moving to a new office may be a chance for your company to show leadership in your field. Consider Detroit's bustling downtown hub. Once a few new businesses started to open up, the community has quickly begun to flourish. Businesses that got in on the ground floor showed their commitment to the city and established a bond with their neighbors, giving them an edge over newer competitors. Oftentimes in gentrification, there is grant money or other incentives to make a move into the area even more enticing.

An office move can also provide an opportunity to break into a specialized region. Consider how Austin, TX has become a hotspot for startups or Silicon Valley's notoriety as the home of the largest tech companies. Sometimes being in this type of industry hub can make a big difference in your ability to attract new clients, customers or even employees.

6. Your current facilities do not match your business needs

You may also want to move your business simply because the new facilities are better suited to meet your changing needs. If you’ve started having more in-person client meetings, you may want to move to a space that is a bit more contemporary and better suited for hosting guests and meetings. Or perhaps you run a small restaurant, and you want to upgrade to a location that already has state-of-the-art kitchen equipment.

Moving to a new workspace is a big decision. But if can relate to more than 1-2 of these scenarios, a new workspace might be just what your business needs. At the end of the day, you’ll know it’s time to move when you outgrow your current workspace and its equipment. When the right time comes and you have the perfect place in mind, don’t hesitate to make your move.

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