Earning a profit is the end goal for any business—unless, of course, you are a not-for-profit organisation. But, today, this has become increasingly difficult.
With the business landscape becoming more competitive than ever before, and factors that make or break your success continuing to evolve, you need to capitalise on even a sliver of an opportunity to stand out from your competitors and establish yourself as an authority in your market segment.
Whether it's through how you deliver your services to your customers or the public image you create for your business, when it comes to gaining a competitive advantage, all these factors add immense value to your operations—and ultimately, improve your bottom line.
While many companies look for novel marketing strategies and innovative ways to render their services to their patrons to achieve their goal of increasing profitability, one factor that’s often overlooked when considering value addition is the physical facility you run your business out of. Given the explosion of internet-first companies, this is no surprise.
While it may seem like your business premises don’t directly impact your bottom line, or at least not significantly, you may be surprised to see how much of an impact it can have on your operations, even if you’re running an online business.
This is exactly why many major corporations invest billions—think Apple Park or Google Manhattan building—into building and maintaining business premises and their surroundings.
Here, cleaning and facility management service providers play an important role in helping these companies keep some of their most valuable assets in top shape.
To understand how your bottom line could be improved through high quality cleaning and facility management, it’s important to look into where these functions add value to your operations.
Apart from salaries, costs attributed to your business premises are most likely to be some of the largest expense on your balance sheet. From rent to utilities, there are a host of costs you will incur for the smooth running of your business.
When you overlook the importance of maintenance and cleaning requirements for your commercial space, these expenses will only accumulate and make a bigger dent in your bottom line.
For instance, your business space will go through wear and tear as you conduct your daily operations.
When you lack a cleaning and facility management schedule to take care of these routine needs and tick off any necessary repair work that arises promptly, these needs will snowball and leave you footing a hefty bill to restore your space to normal working order.
Similarly, if cleaning requirements are neglected, your premise can develop damage like mould, which can be a real hassle—and very expensive—to get rid of.
The fact of the matter is that prioritising the maintenance of your property is key if you want to run a successful and sustainable business that’s well supported by its facilities.
Prevention is always better than reaction; this holds true when it comes to property maintenance.
Lack of maintenance can result in significant financial strain and can prolong your maintenance operations when you finally decide to take action and clean your workplace.
This may require the halting of work, effectively costing you precious time that you could otherwise have spent generating revenue.
The good news is that you can get ahead of this problem by conducting regular maintenance, which will help you create emergency action plans, carry out infrastructure evaluations, and create a proactive maintenance schedule that doesn’t impede the daily operations of your business.
While it can be challenging to take care of your cleaning and maintenance requirements by yourself, you can enlist the support of professional facility management companies to take care of them for you.
One added benefit of working with cleaning and facility management companies is that they can help you enhance the value of your property, even as the needs of your property change over time, by keeping it in good condition and modernising it to meet modern demands.
For instance, plumbing and electricals installed a few decades ago may not be adequate to handle modern demands. Facility management companies can help you identify these issues early and rectify them before they have a chance to disrupt your operations.
If you want to run a successful business, handling your cleaning and maintenance requirements must be one of your top priorities. Although seemingly straightforward, it can add value to your operations and help you avoid unnecessary costs that can undermine your bottom line in the long term.
That said, it can be difficult to pay attention to cleaning and maintenance amidst other priorities. That’s why procuring professional facilities management services can help you maintain your properties in excellent condition and lighten the load of your maintenance operations.