Jan McBarron Highlights Challenges When Moving Your Business Across State Lines
Successful entrepreneurs agree, there are always risks with running a business; it’s hard work, and requires a meticulous, deliberate approach to achieving and subsequently maintaining success. The right location can make or break a business, and the simple act of packing up and moving can have a monumental impact. As with every other aspect of running a business, there are challenges to be expected and Dr. Jan McBarron has a guide to provide insight into what is required to relocate your business to another state.
People Challenges
Every business requires people whether its customers or employees. They are a central element and moving across states results in a major disruption for both. Regarding your customers, without an internet division, sales will suffer for weeks or months until you can rebuild a loyal customer base. For employees willing to relocate, their family dynamics change, and the added stress impacts their work performance.
Jan McBarron reminds us that it’s also important to still be prepared for a significant loss of staffing, as well as staying proactive when it comes to recruitment in your new location.
All of this is tied together by another potential issue associated with moving: Culture Shock. It’s no secret that moving from one state to another means moving from one culture to another as well; every state is different in its own unique way. It’s up to you to adapt to this change because it trickles down into the people-related elements within your business: hiring new employees and maximizing appeal to customers.
Business Challenges
It’s impossible to avoid an interruption in business when moving. If you’re considering relocation of any kind, you need to be 100% certain you can afford the potential losses that will happen along the way. Proper preparation might delay the move in question, but it’s well worth it in the long run.
Another key challenge in the moving process is communication. Being proactive here is necessary, as everyone needs to be completely aware of what’s happening; you can’t afford to leave customers or employees in the dark, and that means working overtime on your outgoing communications in order to keep everyone in the loop.
Finally, it’s easy to forget about the obstacle of running both of your locations during the transition process. Moving doesn’t happen overnight, so there’s going to be a time where you’re trying to run two locations, and this can be stressful. According to Jan McBarron the best defense is proper planning, in order to ensure that the move goes as smoothly and as quickly as possible.
Financial Challenges
When you’re moving from one state to another, it’s essential to research how taxes differ between the two, so you are not caught off guard by changes in your costs. These differences can be significant and knowing beforehand is necessary for your future success.
Next, although seemingly obvious, you should prepare a detailed budget for moving expenses and action plan for implementing the move. Unfortunately, in the case of businesses, particularly larger ones, moving can be quite expensive, so shopping around for the best rates might not necessarily be enough; you might have to go the extra mile and move some of your assets without the help of a moving company.
Finally, Dr. Jan McBarron states to keep in mind that whenever you’re moving a business from one location to another there are going to be startup costs. It is wise to consider your relocation as starting a new business elsewhere. Be prepared to set money aside for covering these costs, as they are unavoidable.
Dr. Jan McBarron’s Final Thoughts
Moving a business creates multiple, financial and logistical challenges. Moving to a different state compounds these challenges. Being fully aware of this allows for proper preparation and planning to reduce the stress and assure the future success of your business.
