When renovating your business, getting caught up in the excitement of a new space or fresh paint is easy. But other aspects of your business also need to be considered when making these improvements.
Here are some tips for renovating your company while keeping it running smoothly:
Have an Emergency Fund
After you have your plans in place, it’s time to implement them. As you begin to renovate your business, remember that there are going to be issues that come up that you did not foresee.
This can range from unexpected costs such as plumbing repairs or contractors who suddenly become unavailable due to weather conditions.
If this has happened in the past, then having an emergency fund will help immensely by ensuring that no matter what happens during renovations or afterwards (for example, a financial crisis), there is always money available should something unexpected arise during this period of transition.
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Hire a Contractor You Trust
When you are renovating your business, hiring the right contractor is crucial. It can be difficult to choose from all of the options out there. But remember that your success depends on picking someone who knows what they’re doing and has experience with the type of project you need done.
- Get references. Ask previous clients if they were satisfied with their work, how well they were treated, and how long it took to complete their projects.
- Check licensing and insurance coverage (company name, state license number). You should also check that there are no liens against them and that any fines or judgments against them have been paid off in full.
- Ask for a written contract before moving forward so there won’t be any surprises later on down the road when dealing with payment schedules or costs associated with unforeseen issues during construction (e.g., removing asbestos).
Don’t Forget About Your Employees
Planning for your employees is important as you move forward with a renovation or expansion. The last thing you want is to lose employees because of miscommunication or misunderstanding about your business’s changes.
In addition to planning for your employees, you must have a backup plan for customers.
If you temporarily close down due to renovations and/or expansions, consider offering discounts or freebies on your next purchase.
Consider Working With Eco-Friendly Materials
One of the easiest ways to make your business more eco-friendly is by using eco-friendly materials. For example, you can use bamboo instead of plastic or metal for counters.
You can also use a natural tiled floor instead of a painted one.
When renovating your business, it’s important to remember that eco-friendly materials are not always less expensive than their traditional counterparts.
For example, recycled glass tile may cost more than non-recycled glass tile because it’s harder for manufacturers to obtain the raw materials needed for its production and transportation.
Flag Pole Installation
Installing a flag pole outside your renovated store can be a smart way to create an aesthetic focal point and set a patriotic tone for your property.
If you decide to install a flag pole, consider hiring a professional contractor who can ensure that your flag pole is installed following local ordinances and building codes.
Be sure to check with your city or county government before flag pole installation, as some municipalities have strict laws regarding the placement or height of these structures.
Plan Out What Needs to Be Replaced
Before you begin your renovations, consider what needs to be replaced. Each item in your business has a cost, which should be considered when renovating.
You’ll need to consider whether the item is still relevant or if its time has come. For example, if you have an old fax machine that no one uses anymore, it might make sense to get rid of it and buy a new printer instead.
This is also true for maintenance costs; if you are paying $100 monthly just to keep an old computer running, then perhaps buying a new one would be more cost-effective.
Final Word
After looking at these tips, you should feel more confident about your business renovation. It’s a big project that can make or break your company, but with these helpful hints in mind, you’ll be able to handle just about anything thrown at you during this time of transition.