Home WHY DOWNSIZING IS THE NEW UPSIZING AND HOW TO DO IT

WHY DOWNSIZING IS THE NEW UPSIZING AND HOW TO DO IT

Press Release: March 19, 2021


Downsizing is on the up! This is especially true for savvy business owners looking to weather the storm of a global pandemic with no end in sight. At this moment in time, it’s all about managing those overheads and making some small, but critical changes in order to survive. As a result, more and more companies are deciding to scale down on their premises to scale up on profitability and continuity. It’s also a chance to channel those resources more effectively, which is a definite win in our eyes.


Are you considering downsizing to a smaller office space? Here’s how to do it right…

  • Get more of your team to work from home

Allowing more of your staff to work remotely will allow those who would prefer to work from home to do what they do best in an environment that suits them. Sure, this does take trust and for many business owners, it can be a real adjustment. That being said, the financial reward of not paying to rent a large office space is certainly worth it. As is growing a team that knows you trust and believe in them.

  • Use more energy-efficient devices

From the laptops you choose to the printers and air conditioning you use, being energy efficient is another way to successfully cut down on your overheads. If you can, go paperless. You’d be amazed at how much paper, ink and printer maintenance can add up to over the course of a year. No paper means no space or cabinets required to store it, too.

  • Turn to shared co-working spaces and meeting rooms

Shared working spaces have certainly become a trend over the last few years for those who’ve worked from home. Today, those who have downscaled their operations are turning to them for rental options. Whether it’s renting a few desks for the month or a boardroom for meetings and workshops, it’s a great way to lessen expenses. It’s also one of the coolest ways to branch out and network.


Remember, change is good


No matter the industry you’re in, it’s always good to change things up every now and then, especially if it’s going to save on those monthly overheads. It’s something we’ve done ourselves so we appreciate the changes that need to be made at a time like this. For more on Veritas and what we could offer your business, why not get in touch with us today?


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