Moving your business to a new state can be an overwhelming and daunting task. There are many things to think about, such as the cost of relocation, what type of office space you will need, or what paperwork is required. It’s easy to believe that many hidden costs and hurdles are associated with moving your business across state lines. But this isn’t always true. Here are five myths about moving your business to a new state.
- The Cost of Relocation Will be Outrageous
Moving your company across state lines doesn’t always mean moving across the country. Many companies move within a relatively short distance to another state which is still less expensive than relocating out of state. This means that you can still enjoy some of the benefits of moving to a new state without the added expense.
You may spend less money relocating your business to a new state. You may also benefit from tax breaks, lower operating costs, and more affordable real estate rates because of the relocation. This means that instead of spending more, you could save money.
When it comes to shipping your company assets, carefully weigh the cost of shipping the items versus selling and repurchasing certain items. If you allow yourself ample time to prepare before the move, you may find that using local listings to sell furniture and equipment may allow you enough funds to purchase new office equipment at your new location, allowing for a fresh start with reliable gear.
When it comes to more expensive and specialized gear such as company vehicles, it’s possible to shop around for a reliable and inexpensive option to have them shipped for you. To find out what car shipping costs you may expect, make sure to take notes on the type of vehicles you have, makes and models, the weight of the vehicles, and whether you need any special treatment of the vehicles you are shipping such as enclosed or open trailer transportation of the vehicles. These are all factors that your transportation company will need before giving you an accurate estimate.
- You Need to Hire a Lawyer
Every state has its laws, regulations, and guidelines concerning relocation companies. But this doesn’t mean that you need to hire an attorney to help you organize your move. Business relocation services are available that can help you decide which state is right for your business and handle the paperwork and regulatory requirements.
You will, of course, still want to consult with a lawyer about the specifics of your company. This includes more complex rebuilding plans, labor laws, or other areas better handled by an expert who understands these issues.
- You Need to Change Your Operations and Products
A common concern among business owners is adjusting their operations and products if they move to a new state. For example, you may feel compelled to change your company name or adjust the prices of your products because you will be selling in a different market. For instance, if you were selling laptop skins for HP at $20, you might feel compelled to reduce or increase the price.
However, this isn’t necessary, and it could even cost your business in the long run. Many companies can easily adjust their operations when they move from one state to another without major changes. If this isn’t possible, you can always contact customer service or sales to find out how you can adapt your business accordingly.
- It Will Take Longer Than You Think
You may be under the assumption that it will take longer than you expect to move your business. Some employees will need to be relocated together with the office equipment and furniture. It’s also possible that you may need to lease or purchase new real estate before you can begin operations in your new location.
This isn’t always true. Many businesses can relocate quickly and efficiently. It all depends on the size of your business, the number of employees you have, and how much equipment you will need to move.
The best way to ensure a quick relocation is by hiring a company specializing in these types of moves. This type of company has the resources to get everything done quickly and efficiently.
- You Will Lose Employees
Many business owners worry that they will lose employees if they move their company to a new state. After all, most of your employees have developed a relationship with one another. this can be disrupted by moving to a whole new area where none of them have a job.
While it’s true that there may be a few employees who decide to move on, this isn’t always the case. Many employees are more than happy to relocate with the company. This is especially true if they know that you will be offering relocation services and that everyone will still maintain their jobs within the company.
There are several misconceptions among business owners about relocation services. The most common misconceptions include that it will cost more money than you expected, take up a lot of time, and force you to change your operations or products. In reality, this isn’t always the case.
Companies can save money and time when investing in relocation services in many cases. It’s also unnecessary to make drastic changes to your product or operations after moving to a new state. However, if you need help while entering a new market, then you could use global employer of record services to help you with this task.