Don’t relocate your business on a hunch

6 Things Business Owners Must Do Before Relocating Their Business

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There are likely to be cons to moving your business, and if you can’t find any, you might need to search harder. Your current customers might not be willing to travel across town. Older, historic buildings might have a more quaint, customer attracting exterior, but cause you to pay higher utilities. Tech upgrades might be impossible in certain buildings.

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Moving is expensive. It may be tempting to handle a business move like you would a personal one, where you pay friends in pizza and Designer Fake Bags beer to get you from one place to another. If you’re relocating to another state, you will also need to factor in the travel and logistics costs.

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It’s also a good idea to have some extra capital available to cover overhead costs of new rental fees, utility connections, or decreases in income related to being in a new location.