Relocating Your Business? Consider These 3 Factors First.
Stop packing for a moment, and ask yourself: Do you really need to move your business?
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Stop packing for a moment, and ask yourself: Do you really need to move your business? Relocations are expensive, disruptive and risky. If they're done poorly, your business can fail -- and that new location may turn out to have just as many problems as your current one.
But, OK; let's say moving is the only option. Now start with a systematic look at where to move. Analyze regulatory differences, access to your market, workforce availability and cost, utility and transportation infrastructure and costs and, of course, real estate. A good commercial real estate broker can help gather most, if not all, of this information on your behalf, over and above just locating properties for you to consider.
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