In our last blog, we revisited the topic of business renovations. We listed a few things that business owners should consider when renovating their businesses. They include the need for more space, whether or not employees will need time off and if the weather would be conducive to the renovation plans.
But what are some of the reasons you may wish to give your place of business a new look? Here are three:
1. You wish to attract new customers.
Sometimes, the look of a place of business simply screams “dull”. If you haven’t changed things up in a while, it’s quite possible your store’s visitors are getting bored of the “same old, same old.” Store renovations often work to excite consumers. The very fact that your store looks new is a reason for people to want to check it out. The Builders Association contends that renovations may be in order for businesses that aren’t turning profits.
“If the business is losing money, a remodel may be the last thing on a property owner’s mind because of the added construction costs,” admits their website, “But, commercial renovation may be exactly what you need to boost business, especially if you rent out space. (For example, no matter the rate decrease offered, customers will pass over a run-down hotel for something newer and more well-managed.)”
2. Your employees could use a boost in morale.
Your employees, it should go without saying, are extremely important to your business. Needless to say, you can’t operate it without them. Will your renovation plans cause havoc and confusion? Or will you be able to make the lives of your employees easier? According to Nashville Office Interiors, you should take a survey of your staff before undergoing renovations.
“Conduct a workforce poll to see what they think,” advises their website, “If the renovations are going to make their working lives easier and more comfortable, they may very well find the whole plan exciting! If they are willing to be flexible with all that you have in mind, you won’t have to be as concerned with the time of year that you execute your plans. This could save you both time and money in the long run, and that’s good for everyone.”
3. You wish to save money.
Although there are costs to renovating your store, the process can certainly save you money in the long run. Consider the fact that you may be misusing your space. Recreating your store’s layout can help you to better position your products to elicit greater sales. As well, as The Builders Association points out, utilizing cost-cutting supplies and materials is a great reason to renovate your current space.
“Utilities are expensive, especially if you’re in an older building,” points out their website, “From LED lights to insulation, efficiency improvements can reduce utility spending by as much as 30%. At the same time, you can advertise these green innovations, giving customers one more reason to do business with you.”
If you’re looking to renovate your store, please don’t hesitate to contact Synergy Merchants to learn about how our unique merchant cash advance program can get you some extra cash within 24 hours! Call us at 1-877-718-2026 or email us at firstname.lastname@example.org. You can also apply online for a free, no obligation quote!