Watching your business expand is exciting. However, those changes often come with growing pains, like recruitment, new space requirements and on-boarding. Going through a programming exercise is one way you can predict staffing increases and ultimately, accommodate growth more seamlessly.
The first step is performing regular projections. Knowing how you’re growing and performing ahead of time can help businesses adapt to changes in a timely manner. It’s also important to conduct quarterly or monthly reviews of your space utilization. This will help you not only predict when you might run out of space a year or two in advance, but it will also help you determine if your forecasts are still accurate.
While we recommend companies have a back-up real estate plan, we understand that’s not always possible. So, we’ve pulled together some of our tested strategies to help in accommodating rapid growth:
As you add new staff, it’s important to also plan ahead. Order furniture early, so it is ready for the employee(s) first day. Be sure to place your order 10 weeks before a person’s start date. However, if construction is also required, you’ll have to begin even earlier. We recommend implementing a design and selecting furniture and equipment that can evolve with you.