Moving a business can be a significant decision that can have a major impact on the success of your company. If you are currently struggling with answering the question “Is moving a business from Whittier to Newport Beach a good idea?”, this article might help you. There are numerous factors to be considered. Some of them are customer base access, competition, cost of living, and availability of affordable commercial real estate. It is important to explore both the pros and cons of relocating a business to Newport Beach from Whittier before actually making the decision. Also, it is a good idea to consider hiring moving companies Orange County has to help you make the move smoother. Once you’ve made your mind up, of course.
Pros of moving a business from Whittier to Newport Beach
There are many pros to relocating your business from Whittier to Newport Beach, such as access to a larger customer base, a better business environment, improved quality of life for your employees as well as better networking opportunities.
Larger customer base and a better business environment
Newport Beach’s population is slightly larger than Whittier’s. However, its median income is almost double. This is a good starting point no matter what your business’s primary activities were. Newport Beach has a robust economy with thriving industries, including finance, real estate, and healthcare. It has a well-developed infrastructure, including transportation, communication, and technology. The city’s pro-business policies and low tax rates make it an attractive destination for entrepreneurs and investors.
Moving your business from Whittier to Newport Beach can provide access to a larger pool of potential customers and increase your revenue streams.
Better quality of life for your employees
Newport Beach is known for its scenic beauty and relaxed lifestyle, with plenty of opportunities for both outdoor and cultural activities. The city offers a high standard of living with excellent schools, healthcare, and public services. It also provides easy access to the most important highways of the Western Coast, so it will provide your employees with great opportunities for planning great weekend getaways to larger cities.
Newport Beach will give your employees a better work-life balance, making them more satisfied and productive at work.
All-year-long events = networking
Newport Beach is home to many events throughout the year, including seminars, conferences, exhibits, etc. This will provide your employees with many opportunities to network and meet other people in your industry, whatever it may be.
Cons of moving a business from Whittier to Newport Beach
There are several things that might make you wonder if moving your business from Whittier to Newport Beach is not really a good idea. Some of them are higher costs of living, competition, expensive real estate, and different business policies you may need to follow.
Higher costs of living
Newport Beach is 1,3 times more expensive than Whittier when it comes to costs of living. For instance, housing is 3 times more expensive than Whittier housing costs. This is something you should take into account if some of your employees are moving to Newport Beach as well. However, if you provide them with the information that average commute time is significantly lower than in Whittier, that utilities and transportation actually cost less, and help them move by introducing them to movers Newport Beach residents rely on to make the transition smoother – you should be fine.
Things that cost more in Newport Beach:
- Food and groceries
- Clothing, restaurants, entertainment
Newport Beach is a highly competitive market, with many businesses striving for a share of the customer base. Depending on your industry, you may face significant competition from established players in the market. Industries that are currently thriving in Newport Beach are finance, healthcare, and the tech industry. However, if you have a good marketing strategy and a unique selling proposition to stand out from the competition, this should not worry you.
Finding an affordable commercial real estate
Moving your business from Whittier to Newport Beach may give you headaches when it comes to finding affordable commercial real estate. It has a limited supply of affordable commercial real estate, especially in prime locations. This can make it challenging to find a suitable property that meets your business needs and budget. You may have to compromise on certain features or settle for a location that might not be ideal for your business.
How to move your business from Whittier to Newport Beach?
The most important thing when it comes to relocating your business is to plan ahead and hire professional movers. This will save you a lot of time and energy. There is an option of hiring commercial movers Orange County teams that can offer different services depending on what you might need.
The benefits of hiring a professional moving company are numerous. Their experience is invaluable and you should definitely take advantage of that, especially if this is your first office relocation. Choosing the right commercial mover is one of the most important steps in your office relocation process. You may consider hiring either movers Whittier CA team, or Newport Beach movers – it is up to you.
There are pros and cons to everything
In conclusion, moving a business from Whittier to Newport Beach has both pros and cons. On the one hand, Newport Beach offers a larger customer base, a better business environment, an improved quality of life for employees, and enhanced networking opportunities. On the other hand, moving to Newport Beach can entail a higher cost of living, increased competition, and expensive commercial real estate. After weighing these factors, it is ultimately up to the individual business owner to decide whether moving to Newport Beach is the right decision for the business. However, business owners should take the time to carefully consider the pros and cons. They should research the market and competition, and seek advice from experts such as commercial moving companies.