Moving your business to Somerset County NJ
Much like moving to a new house, sometimes you just know it’s time to move your business to greener pastures. Whether you’re moving to a more promising location for sales, a place that will save you money, or a larger space, it’s a big challenge that takes a lot of planning. Balancing each step has been a journey for a lot of entrepreneurs. The appeal of moving your business to Somerset County NJ could be a boost in space. Especially if this is your second move for the business, it could potentially outgrow its initial space. Even shortly after opening, why not? Hiring commercial movers NJ could prove to be an opportunity for better visibility or a newer building. Deciding whether your upcoming move is a worthwhile investment requires quantitative work. And we’re here to help.
Let’s look at the job market in Somerset County NJ
Moving your business to Somerset County NJ will soon seem like an even better idea since the annual job growth here climbed to 24th nationwide in April. This happened after the state added 11,800 jobs during the month. Read our other article to learn what cities offer the best lifestyle in Somerset County. Our numbers are in line with the figures released by the U.S. Bureau of Labor Statistics. With NJ’s jobless rate falling from 4.1% to 3.9% during that time, workers remain in charge. The job market in Somerset County NJ even placed it two spots behind New York and 10 spots ahead of Pennsylvania.
- Firstly, New Jersey’s personal income, adjusted for inflation, rose 3.2% in 2017. Which is better than the U.S. average of 2.6%, according to a report recently released by the U.S. Bureau of Economic Analysis.
- Secondly, it had a gain of 56,300 jobs from April 2018 to April 2019, which shows that New Jersey employers have picked up the hiring pace.
- Thirdly, New Jersey’s job growth in durable goods manufacturing has surpassed the nation’s since 2016! This was a big surprise to everyone.
- Finally, for the first time since the late 1970s, there’s been a long-sustained upturn in manufacturing employment, especially durable goods.
Is it the perfect time for you to be moving your business to Somerset County NJ?
When moving your business to Somerset County NJ, our best tip is ensuring that your business is in the place to expand before you physically expand. Make sure your numbers are where you want them to be. Also, your team should be in place to support this expansion. You don’t want to rush the process of hiring reliable movers in NJ just because you have this clear vision of your company growth. Yes, vision is extremely desirable in the corporate world, but going through relocation is very trying on a team. Make sure that your vision is already unfolding before signing that new lease.
Open communication is crucial
The biggest hiccup that most business owners cannot control is a series of delays that could prolong the opening date due to the fickle nature of construction. Most of the time, your team and the customers will take the delays in stride. If nothing else, it will increase interaction on social media, because people will want to know when the store would open. Communication is key here – it is very important to update customers on how things are progressing on your end. Keep reminding your customers that our Somerset County movers are still coming. However, despite the potential complications, a move provides the chance for a business to grow. Use the fact that you’re moving your business to Somerset County NJ as an opportunity to evaluate your product and your bestsellers. Then take advantage of a chance to expand on inventory or pivot in the areas you need to.
Moving your business to Somerset County NJ: The to-do list
When planning your upcoming commercial move to Somerset County NJ, keep a checklist of the things you need to accomplish. After you’ve decided that it’s the right time, start working right away. We believe you should start the process as early as six months before you move out.
- Research locations before finalizing plans to move your business. Good reasons for moving your business to Somerset County NJ include increased space needs and wanting an area with higher foot traffic.
- Create a business plan before opening a new location. This gives you the opportunity to review your financials and generate a market analysis.
- Keep employees informed of updated schedules and responsibilities during the move. Clients should also be kept in the loop to reduce service interruptions.
Do your research
Conduct plenty of research on moving companies, and book their services months in advance. Along the same lines, start collecting quotes for new phone service, internet and security for the new space right away. Doing this early on should help you get a better idea of your budget for the new premises, especially if you also want to renovate the space or purchase new furniture. Write down all of the logistics of moving your business on the checklist. This includes setting a budget, hiring movers, reviewing lease terms, and determining what type of insurance you need for the move. That is, in case any equipment breaks in the move, you’ll need insurance coverage in case the damage could detrimentally affect operations.
Keep everyone informed prior, during and after moving your business to Somerset County NJ
Like we’ve already mentioned, keep both customers and employees continually informed about the relocation. Whether it is through social media, newsletters, and signage at the storefront. Inform them what the benefits of switching locations are, such as a bigger space or a more convenient area.
Keep your online presence as current as possible. Explain everything to all your employees. All individuals who are connected with the move should have the same schedule you have. Give your employees a list of their responsibilities. Also, give them plenty of notice so they can adjust accordingly.