Choosing Your Executive HQ Location – The Things to Keep in Mind

Every business needs an HQ, but what factors play into whether or not a  building will actually be suitable for becoming your HQ? You might want to build your own building, but that comes with its own implications and factors to take into consideration. In this article we will be taking a look at the important things you must consider before you make a decision. That decision will have a deep impact on your business as a whole, so it’s the last thing you want to rush into. Here at the most important things to take into account:

The Location Itself

It’s important to look at actual locations, not just at the buildings on top of them. One of the most important things about the building you are considering for HQ is where it is located. Many business owners look at this as an opportunity to put HQ close to home but that can be a very big mistake. Things like taxes or insurance can turn what seems a dream scenario into a nightmare really quick. Make sure the location is best suited for the business first and foremost.

Buy or Lease

This one of the toughest questions for most in this position because you can find benefits from both options. However, not all of them impose the same risks. Buying a building straight up or raising it from the ground up can take a lot of resources such as time, money and more.

This is the case regardless of the size of the company because bigger companies usually go for bigger buildings and things scale that way for each level. That being said, leasing can be a fruitful alternative and is definitely the safest. Whatever you choose, however, make sure there are no problems with the building before you agree to anything. Look for any kind of damages beforehand so you can make sure that any work from, for example, won’t be coming out of your own pocket.

Make Sure it Has Everything it Needs

A building is just that- a building. It doesn’t know who’s moving in and what they will need. It’s up to you to make sure that the new company HQ will have everything needed for your specific business to succeed. You should inquire  about and secure any kind of tools, or extra features that might be specific to your trade  before you strike a deal. This will help you see where you stand and what additional investments you need to make in the new building.

Also,  if your company uses other buildings such as warehouses, you must take them into consideration when it comes to the new HQ because running back and forth between them will cost you significant time.