Facility expansion is exciting. It means things are going right for your business and your hard work is paying off. However, even if your business has grown, there are challenges that come with the growth. Knowing when and how to expand your facility are important decisions in your business’ overall success. Without proper planning, you run the risk of poor construction and limited return on investment.
There are things you need to keep in mind before you decide to expand your facility:
Is It Time to Expand?
Expansion can be necessary for various reasons. Recognizing these signs is important to act clearly and plan accordingly. These signs include the following:
- Your current facility is crowded. If your workers need to work around one another, materials, and equipment, you compromise the efficiency of your business as well as the productivity and safety of your people. You need enough space for your people, equipment, and materials so that your operations run smoothly.
- Your current facility is maxed out. This means that your facility now cannot take on more than what it is going on now. Even if your production is not affected, a maxed facility can inhibit your business’ growth. Besides, it is not only about the output. Perhaps there is no space for installing more equipment or no capacity for accommodating your people.
- You are losing money. Inefficient business processes as a result of not having enough facility space can leave you losing money. Working around wasted valuable production time leads to an indirect loss of money.
How to Prepare for the Expansion
After you have finalized your decision to expand your facility, the next thing to focus on is execution. You need to ensure each detail is justified. Preparing for this expansion involves the following:
- Analyzing current facility situations. Assess what has been causing your current facility’s most pressing issues and resolve them first.
Weighing out the options. Determine the available structural systems you can benefit from. Also, know the amount of space you need and plan for future needs. If you are constructing a metal building, ensure to ask yourself the questions, “Do I have an access to metal building repair near me?”
- Creating a layout. Take into account things like design and how easily it can be realized.
Even if your business has to deal with some challenges as it grows, expanding your facility is often a reasonable decision to make. Always take the time to discuss your options with a reputable contractor.