Surplus space capacity tends to grow over time. Determine if the space is likely to be required again. If not, it can be permanently removed.
Examples:
1. You rent space and don’t use all that space. The surplus capacity is costing you some proportion of your rent.
Exit from that space – by selling it or cancelling the rent.
This will have the benefit of permanently removing the problem.
2. You have surplus space within your larger operation.
Think about how you might sub-let that space; providing it is legal for you to do so.
There are many Start-up Businesses that need space quickly and at a low cost. By renting space to them on a week to week or month to month basis, it gives them an opportunity to get started.
It immediately makes that surplus space work for you.
Look at possible issues associated with security, safety and a natural harmony between the businesses sub-letting the space and your own.
This may be personnel, sympathetic industries and no inappropriate by-products like noise and other pollution.
For more help understanding any issues relating to this Section of the Turnaround90 Campaign, use the 12Faces Diagnostic System to drill down to root causes of problems and find our suggested Treatments.