There’s no room for employees
The first and likely the most obvious reason why you may want to relocate your business this year is that you are full to capacity. If you have a small office space which is full to the brim, this can hinder your ability to hire more people and grow as a brand. It can be a good idea for you to simply look for a larger space in the same city which gives you the possibility to grow and build on your success.
You have too much stock
One of the main issues you could face as a small business which is growing rapidly is that you might end up with too many products coming and and out of your warehouse every day, and knowing what to do with an ageing warehouse or one which is full to capacity can be hard. There will come a time where it makes more sense to simply start over with a whole new place and this is something which can have a positive impact on your business. When you have a larger and newer warehouse to work with you can be much more productive every day.
Shipping costs are too high
Sometimes the issue you might have with where you are located is the cost of shipping items from your warehouse to your customers. It can be incredibly important for you to try and reduce your running cost of a business and one way of doing this might be to relocate to somewhere which is easier for you to ship from and to.
More opportunity elsewhere
There might come a time in your business where you simply decide that there are bigger opportunities in other parts of the world and that you could sell more from a new location. Let’s say you work in a small town and you have a roaring local trade, there will come a time where this small audience can be hard to keep interested, and there are bigger fish to fry elsewhere. A great idea would be to move to the city instead and try your hand at selling to a bigger audience.
You don’t have the facilities you need
When we begin working as a small business we often have to scrimp and save wherever we can, and we likely will have to make do with what we can get. The first office you work in might be cheap and makeshift, and it may not have everything you need to run your business in the right way. It is important for you to take the first chance you can get to move on and find somewhere better suited to your needs.