The Pros & Cons of Commercial Renovations: What All Business Owners Need to Know
Imagine for a moment that you are at work at an office downtown, and you’re absolutely starving. Usually you bring your own lunch – a sandwich or some leftovers from home – but today, you decide to strike out on an adventure. There are tons of local businesses around you, so why not give one of them your money? You only have a short time for lunch, so you walk down the street, scanning the stores. Suddenly, something leaps out at you and grabs your attention (and makes your belly growl). Maybe they’re offering a great deal on lunch specials, or you’re just really in the mood for fish and chips. You head into this store, ready to spend your money and get a delicious meal. However, things go south real fast. There’s not enough room for an orderly line, so you have to ask other patrons where the line starts – and they’re not sure either. The entire place is small, cramped, and loud. By the time you get to order, you only have minutes left, and the cashier can’t even hear you over the dull roar of other customers and the machines running in the back. Finally, you snap, and storm out with a shout of “I’m NEVER coming back here again!” Now, let’s flip the narrative and say that you’re in the shoes of the person running that store. What can you do to convince that customer to return – or stop them from leaving in the first place? This article will take a look at commercial renovations, and whether they’re a viable solution for most businesses. Is expanding or renovating your business space a smart idea, or a good way to waste money? Here’s a look at how most businesses can approach renovations, and how you can weigh the risk versus reward of changing up your business’s storefront.
Closed Doors: Do Customers Reward Businesses Who Renovate?
When you need to renovate, you need to close your doors. It’s easy to spot the element of risk; it’s immediately apparent. With closed doors, customers can’t walk in and spend money. You are not only spending money on renovations, but losing money for every day that you spend renovating. This is a big issue for some companies; they may feel they can’t risk losing that chunk of change without being able to immediately recuperate it. The risk is multiplied in big cities, where competition is on every corner. If someone can’t go to your coffee shop or furniture store, there’s nothing stopping them from going to another place just down the road. Therefore, your finances will take an immediate hit. Can long term profits balance that out? Unfortunately, in many cases, the answer is “maybe”. Why the uncertainty? Many businesses take the wrong approach to commercial renovations. However, when these renovations are carried out well, a bright future begins to open for your business. When you allow your business to stagnate and let problems drag out, you will slowly begin to lose customers. New customers will become frustrated and walk out, and maybe even go so far as to trash talk your store to friends and family. Regulars will slowly move away, find new places, or adjust to a new budget. Small aggravations and frustrations build up, and customers both old and new will walk away. Issues like a garage door that is slow and can’t keep up with the amount of stock you’re bringing in will slow your entire business down, and customers will quickly become impatient. Renovations or garage door repair will temporarily shut down business but fix the underlying issues before you bleed customer loyalty. Renovation brings risk, but avoiding change may bring your business a slow bankruptcy.
When Renovations Go Bad: What Causes a Rehaul to Fail?
What are the factors that cause a renovation to be unsuccessful? Can you avoid these big mistakes? Luckily, it seems as though this is possible. If you ever watched the Food Network in the mid 2010’s, you likely saw a few episodes of Restaurant Makeover. This show was about little restaurants with major structural problems being closed down and completely overhauled in just one week. Luxurious marble bars and wood panelling is installed, the menu gets a complete rehaul, and the restaurant is launched to major success. Except when the show ended, things rarely went so well. There would be issues with the renovations that would crop up and haunt the restaurant again and again. Plumbing or wiring problems were usually held together with duct tape and a dream. These renovations always looked great on the surface, but had serious problems underneath. It’s important to work with an experienced and dedicated contractor who will complete the job and leave things working better, not just looking better. This will minimize the risk of renovations, and leave your business space far healthier. This is especially true with complicated jobs like garage door repair, as inexperienced contractors can leave major damage that will only show up months down the road.
Renovations Help You Solve Long Term Issues for Good
Faulty wiring, long customer wait times, or other problems that require renovations to fix aren’t going to just disappear. They need to be addressed. That’s why commercial renovations are so important to a company’s success. Ignoring issues and sticking your head in the sand is a great way to end up in the red. When you have plumbing, wiring, expansion, or structural issues, it’s important to brave the financial hit of closing your doors and act by hiring contractors. Otherwise, you can face either customers slowly fading away over time, or a sudden crisis when something finally breaks.
Running a business is tough, but its even worse when you need renovations. Don’t take the risk of sitting on your hands and waiting for brewing problems to pass. Instead, take control and hire experienced contractors to perform the job. McKee-Horrigan Inc. have been in the renovation business for decades, and we can help you upgrade your business space. Contact us for a free quote at 1 888 244 4171 today!