Questions? Give Us a Call
(678) 940-6433

What to Consider Before Renovating Your Business

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

What to Consider Before Renovating Your Business

Keep up with the latest from CCR-Mag.com

Fill out the form Below

Planning to remodel your business can be an overwhelming and daunting task, but it can be a good boost in profits, customer satisfaction, and efficiency. Before any tools come out, you should fully understand all the moving parts that go into renovation projects so you can ensure a successful transformation. No matter how big or small your project is if you consider the following tips prior to starting, renovating your business will be as stress-free as possible.
What is your budget?
Remodeling, whether it’s a total remodel or a small facelift, is a big undertaking and can easily become a massive expense if you aren’t careful. Pick a budget and be firm with it — don’t let the costs get out of control, or it could lead to bigger problems down the line. A good place to start is by creating a list of changes you want to make and organize them by priority. Talk to your contractor to find out how much those changes will cost and then adjust where necessary to fit your budget and needs.
What is the timeline?
Everyone knows renovation projects are notorious for taking longer than expected for one reason or another. While it is important you know the general ins and outs of what your construction project entails, your contractor will be able to help make an overall plan and answer any questions you might have. Have a conversation to map out the project to see how much time each stage will take. This will help avoid extra spending and wasted time, plus you can decide exactly when you want it to take place.
Will your new look be consistent with your brand?
Change is exciting, and it’s easy to get carried away when choosing new decor. Remember your business’s ethos and philosophy during the planning process so you can maintain that as you bring a new or refreshed look to your business.
How will you finance it?
Renovations are costly. Not only do you have to think about the actual construction, but also the potential loss of revenue from business during the process. You must ask yourself some important questions:
• Can the business survive while the renovations take place?
• What happens if the project takes longer than planned?
• What happens if the project goes over budget?
If you are short on funds, consider taking out a loan to get your project completed. Some companies offer loans online with no credit check, making it easier to get financing in a pinch. Just make sure your business will be able to recoup the losses, and you will be able to pay it back as soon as possible, so it doesn’t affect your bottom line once you have reopened your business.
How will you maintain your brand during construction?
Renovating your business is already stressful enough without having to worry about your customers forgetting about you and going to a competitor you while you have temporarily closed up shop. Make sure you still pay some attention to your online presence, whether that’s through updating your website periodically, posting updates on your social media profiles, or running digital campaigns to excite old and new customers alike.
 

Events

Read more BELOW

 

The 2024 virtual Men’s Round Table will be held Q4, 2024, date TBD.

2024 Virtual Men’s Round Tables

2023 Virtual Men’s Round Table was held on November 7th, 2023 via Zoom.


 

2024 Virtual Women’s Round Table

2023 Women’s Round Table #1 was held on October 20th, 2023 via Zoom

News

Costa Rica’s Hotel Belmar named #3 Best Resort in Central America

Recognized for its varied wildlife, sustainability efforts, adventurous and wellness pursuits and more, the country of Costa Rica (Travel + Leisure’s Destination of 2024) continues to produce the best and brightest in the hospitality industry. In the recently released Travel + Leisure World’s Best Awards 2024,

Supplements/Podcast
See Website for Details

This content (including text, artwork, graphics, photography, and video) was provided by the third party(ies) as referenced above. Any rights or other content questions or inquiries should be directed such third-party provider(s).

Receive the CCR 2024 Idustry Report

Get ahead of your Competitors with CCR's FREE Industry Insider's Report 2024!

Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry. 

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page