The decision to move a business to another state or county is a major one. Whether you are starting over in greener pastures or taking the next logical steps as your operation grows, neither the decision to move nor the choice of a site to relocate to should be taken lightly.
Let’s look at what’s involved in relocating a business, and how tools such as Map Business Online can help you make more informed choices.
The first question you should ask before relocating a business is: Why? Moving a business is something that should have a clearly defined purpose. It should fit into your overall strategic plan in a logical, compelling way. Some reasons for relocating include:
Ultimately, relocating a business will cost money and time, and present a substantial risk. Before making a decision, consider the overall viability of your business as it stands today. Are you giving your local customers what they want? Are there ways to lower your overhead expenses or increase your productivity you haven’t thought of? Have you explored the possibility of alternative working arrangements that will make it easier to retain quality employees? If your current practices are sound, making the move will be far less risky.
If it really is time to move your business to a new location, start researching potential sites early, and be wary of the mistakes many organizations make at this stage. One of the best ways to do this is with business mapping software like Map Business Online.
Map Business Online makes site selection easier by helping you to:
These are just a few of the many ways an investment in Map Business Online can benefit businesses planning to relocate. Once you’re established, keep using MBO to track demographic changes over time, refine the products or services you offer, or for strategic planning, and to establish sustainable growth just the way you planned your move.
See it in action for yourself with a free 1-month trial of Map Business Online. Sign up today or speak with a representative for more details.