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According to an article in Entrepreneur magazine, companies typically cite five main reasons for business relocation: labor and workforce issues, reaching new markets, upgrading facilities or equipment, reducing costs or increasing cash flow and quality of life considerations.
Business relocation also carries some pretty serious risks:
-The possibility of losing some of your customers
-Expenses that you didn't budget for
-The potential loss of valuable equipment
-Loss of essential employees who cannot or will not move with the company
Management needs to use every available tool to minimize the impact on operations while preserving financial solvency. Here are four tools that can help address some of the most critical factors that business faces during relocation.
Research l...(Full Article)
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