The first principle of my blog is Creating Ecosystems of Success, and two key focuses are Financial Literacy/Money and Business/Entrepreneurship. Your business concept/idea is important but your business space is as well. The following contributed post discusses important considerations for your business space and is entitled, Think Strategically About Remodeling Your Business Space.
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Picture by Laurie Shaw
Choosing to remodel the building or space where your business is based is on the plus side exciting, on the other hand, it can be quite an overwhelming task to behold. Unless you work in construction or have experience in the trade, knowing where to begin, what to do and how much it’s all going to cost may leave you feeling baffled.
To remodel your business space with confidence, take on board the below tips to think strategically when creating a plan of action to give your business space remodeling some much-needed structure.
Purpose Of Remodelling
Before you begin brainstorming ideas of what you would like to change in your business space, it’s firstly necessary to consider why you want the remodeling to take place. In doing so, you will have a purpose and an end goal to work towards. The leading causes owners tend to remodel are mainly due to the following;
• To take responsibility for repairs and replace old electric and pipe systems
• To adhere to health and safety regulations
• To add personality to your office in line with your brand
• To entice clients to your business
• To update or refresh tired, shabby decor
• To change the design of the office, e.g. to open plan
• To generate new departments as the company functions and processes change
• To improve employee productivity at work by creating an aesthetically pleasing environment
• To launch a new business image
The purpose you choose for changing your business space might include a few of the above. If so, note each point down and refer to this during the remodeling process to ensure you don’t deviate from the objective.
Budget-Friendly Ideas And Next Steps
With the aim confirmed, it’s now time to brainstorm ideas and solutions to meet this goal. This will be directly linked to your chosen purpose(s). For instance, if it’s a new office image to represent a new brand you seek, with an open office plan space and an environment that increases productivity for you and your employees, your ideas will be linked with this objective in mind. This could mean;
Idea – Knocking down any existing walls within the business space, bar toilet, and staff rooms.
Next Steps – Checking whether there are any load bearing walls or walls that have electrical wires and pipes running through. To obtain quotes from a few handymen to assess the work.
Idea – To replace the existing flooring for durable, hard-wearing, modern flooring, such as concrete.
Next Steps – This is a task that would logically take place after knocking the walls down. You would need a professional such as a concrete contractor, R&M concrete to assess whether the flooring you require is possible in your building and a quote for how much it will cost.
The remodelling plans for your business space should be thought through to assess if the work is both practically possible and affordable. If for instance, the ideas you devise are not cost-effective regarding the budget you have, you will need to think of alternative approaches to reach your objective. Solutions to this could be, choosing to remodel at a later date when you have the funds to put your ideas into action or applying for a business loan to put your plan into motion sooner.