2. Thinking about moving your headquarters to
another city or state?
There's a lot of planning involved in choosing an
ideal location.
3. This should be done strategically to ensure you get
the most out the move.
4. Where you ultimately decide to relocate your
headquarters will be determined by a variety of
factors.
5. Here are three questions you should ask yourself when pondering the
place of relocation:
1. What can I afford? This is important for obvious reasons. You may
learn that your retail shop will thrive in urban cities, but can you afford
the rates?
2. Where is my industry? This is where strategy comes into play. For a
fashion company, headquartering in Los Angeles or New York City is a
sound idea (as long as it's affordable) because these are fashion cities.
3. What limitations are present in each potential city? Are there extremely
long commutes, formidable traffic, high interest rates or a lack of talent
in the area? Assess the pitfalls to ensure they don't outweigh the
benefits.
6. A business consultant can be valuable in these
situations.
Allow an expert to analyze your business and goals to
determine the best steps for moving forward (and to
another city).
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