How To Know Whether You’re Ready To Renovate Your Business

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Unless you were born with a silver spoon in your mouth, you probably like to be practical about how you spend your money. Maybe you opened your business 10 years ago, and since you’re profitable, you’re not caring much about upkeeping the façade. And this may be ok if you are renting or own space in a beautiful location.

But what if you originally chose that location because it was the only one you could afford when you first opened your doors? If you have the means for an upgrade now, you might want to consider remodeling your business. If you’re not sure if it’s the time to do so, consider the following:

Optics: In an age of instant gratification and social media, it’s common knowledge that image is everything. If you visit two different law firms to help you draft a business contract, and one of them looks like it should be featured in Architectural Digest, and the other one looks like the headquarters for a cockroach convention, which one would you hire?

Employee Morale: When you read about the coolest places to work at, Google, Facebook, and Mindvalley always top the list. And it’s not because they have ping pong tables or offer free lunches (although I’m sure that also has a lot to do with it). But people spend the vast majority of waking hours at the office. Look around. If your workers remind you of Joe from Joe vs. the Volcano, you have to be proactive. Study your layout and color scheme carefully. If it looks like a prison or like your grandma’s kitchen in 1962, it’s time for a facelift. Even Forbes agrees with it.

Increased Profits: At the end of the day, profits are the reason you’re in business. Even if you’ve been around for a while and have a handful of loyal customers, competition will continue to pop up at a steady pace. So you need to stay relevant. One of those ways is to renovate your storefront. The return on your investment might be worth it.

Whether you’re ready to get your renovation project started, or would just like to consult with construction experts about its viability and other related issues, at Eclipse Building Corp, we are ready to assist you. Give us a call. You have nothing to lose and a lot to gain.