Downsizing. The mere mention of the word can strike fear in the hearts of many. It’s barely ever considered a good thing- when your company has to make the often difficult decision to maximize effectiveness by minimizing resources. Rest assured we all prefer it when the business is thriving, the employees and customers are happy and the money is pouring in. But in today’s economy, this dream is often not the reality for so many struggling businesses. And so, faced with financial hardship of all kinds, the case for managing costs becomes a more potent option.
Often, office downsizing includes layoffs. This unfortunate result of cost cutting can leave lives in disarray. The company loses people and decides to give up some space. At Exodus, we specialize in office moves and we take measured care to make things as stress free as possible during these important life transitions. We can help with office moves to a smaller facility, furniture and document storage during temporary downsizing efforts and the relocation of the employees affected by these important changes. We take pride in being a preferred Colorado Moving Company and we take seriously the job of caring for your employees and co-workers.
During uncertain economic times, many companies are deciding to attempt to downsize for a short period of time. This often requires less layoffs and focuses the cost re-allocation to the physical property being used as office space. In this case it’s important to get proper storage. If you are considering temporary downsizing ask yourself the following:
What is a realistic amount of time the office will need storage?
What items need to remain readily available for everyday business needs?
Understanding your Space
Asking yourself the right questions when it comes to office space evaluation can make or break your cost cutting efforts during downsizing. It is important to take an inventory of the existing space, understanding not only its capacity but its potential for adaptation. Go into detail with your office lease agreement, exploring the options to minimize square footage being rented. In some cases this might create a need to extend the lease term but could end up being cost effective when considering the implications and expense of total business relocation. Check on your options for subletting to businesses with complimentary services. By allowing other professionals to rent space from you, you may be able to avoid having to make a move while simultaneously expanding your business portfolio. By keeping a cool head during a stressful time, you may be able to save both money and sanity.