When a business owner is already losing money due to the market recession, the very last thing they would want is to incur more moving expenses. For an entrepreneur, planning a relocation can sometimes be overwhelming. It is challenging to know all the expenses they might need to cater to during their move. Read on to find out five tips an entrepreneur can use to save money when relocating a business.
1. Plan to Move in Advance
Most things like planning a move cost more when booked at the last minute. It is, therefore, crucial to plan ahead of time to receive the best offer. In fact, a business owner should begin making plans to move six months to a year before the date they intend to vacate the premises.
Furthermore, it’s nearly impossible to get movers on short notice in most cases. Planning also allows the entrepreneur to organize the car shipping. An entrepreneur can use a car shipping calculator to find suitable transport for their automobile. The cost of shipping cars can vary depending on the condition of the cars and the distance they are being transported to.
2. Sorting Through the Inventory
When getting rid of unwanted goods, businesses should dispose of them properly. Sorting out the inventory helps the business person declutter and only keep the office equipment and furniture needed.
Business people can also donate their old things to goodwill. This generous act can save them money in the long run because they can have the value of their donation deducted from their taxable income. Businesses can also do yard sales and make profit from the goods that they do not require anymore. When you factor in the costs of having the items shipped to a new location versus sold or given away, this can factor in to be a huge money saving part of the move.
3. Choosing a Qualified Professional Moving Company
Choosing a trustworthy professional moving company is without a doubt, the most critical step in the entire relocation process. Businesses can also choose a moving company that suits their budget. However, entrepreneurs should make sure that the organizations they choose are professional.
Businesses should not get tempted to hire the cheapest mover available and call it a day. If they do, they risk getting poor moving services and may end up with a slew of broken furniture and office products that cost them so much to replace. Even if entrepreneurs hire expert movers to help them move, accidents happen.
Therefore, for business people concerned about the safety of their possessions, getting insurance for their valuables is an excellent option. However, because replacing equipment is quite expensive, it is a good idea for all businesses to insure themselves against these losses if the unexpected occurs.
4. Relocating During the Off-Peak Season
Spring and summer are the most popular times that most people plan to relocate. However, because demand goes up during such seasons, entrepreneurs may expect to pay a higher price for transport services. Real estate prices also increase throughout the summer and early spring months. In order to save some money on moving expenses, businesses should plan to relocate their business during the low-demand seasons like winter, early spring, or fall months.
5. Conducting Price Negotiations with Service Providers
Entrepreneurs should not accept the first price that crosses their path. They should also try to negotiate for lower prices with their moving company of choice. Shopping around and speaking with customer service personnel committed to helping businesses get a good bargain can help them get a better deal. Instead of hiring professionals to pack their goods, businesses can seek assistance from the available staff and save money.
This makes the moving process move quickly and smoothly. Needless to say, if entrepreneurs seek assistance from their staff, it’s only fair to reduce their work momentarily while they’re in the process of relocating. Business people can form team building activities around the duties that need to be done during the moving process, to encourage their staff to be proactive.
To lower your business relocation expenses, you should begin by arranging the move as far in advance as possible. When you leave it till the last minute, you are more likely to use more money since you will have limited options available to you. To summarize, if you have a clear strategy beforehand, you can minimize costs while also enjoying a smooth transfer.
