Why you should upgrade your business premises

One of the most significant ways you can grow your business financially is to grow it physically.

Whether you're running a store on your local high street or you're office-based, a bigger or recently renovated space presents you with greater growth opportunities.

It may mean you need to invest in your business, but the potential benefits can be realised quickly and be long lasting.

We've looked at how making the move could help your company flourish.

Sustainability

The climate crisis has led to a shift in the demands of consumers. A recent survey revealed 60% of people worldwide rate sustainability as an important factor when considering a purchase.

Potential clients are now keener than ever to know about the impact your products and/or services have on the environment. Your corporate social responsibility policy will also be a key consideration for them.

By picking a green building for your premises, you can easily show your company's commitment to being sustainable. This will no doubt have a positive impact on how you are perceived by consumers.

Health and safety

The coronavirus pandemic will no doubt leave a lasting impact on how we live and work. Many people were forced to do their jobs from home, and now more than half of UK workers would consider leaving their company if that option was taken away from them.

Upgrading your premises doesn't necessarily mean it has to become bigger – you could simply reorganise your existing space to make it more appealing to customers and workers.

As you're likely to have fewer workers in at once, you can focus on providing them with the best possible environment to boost their productivity.

This will also allow you to incorporate natural social distancing and other measures to counteract the spread of viruses – something that many people will remain wary of for years to come.

Impress clients

With restrictions imposed due to the coronavirus pandemic now a thing of the past in England, face-to-face meetings with customers and clients are likely to become much more frequent.

Seeing your business operating in an attractive environment will boost the impression they have of your company. It could even lead to new business!

Grow the business

If you do opt for a bigger space, you'll have more room for stock or employees.

Of course, this doesn't guarantee your revenue will immediately grow – that part will still require plenty of hard work.

However, having a bigger footprint makes it easier for that challenge to be met, which could push your business on to the next level.