In recent years, the USA has seen a huge surge in the number of large businesses moving overseas, seemingly drawn away from American soil by the financial benefits of relocation.
The benefits to big businesses are clear: new markets, cheaper employees and colossal tax reductions. But, can home business owners benefit from a move too?
1. Reduce Operating Costs
Every penny you spend on basic business upkeep and maintenance is a penny out of your pocket, which is why big business are always pushing to keep costs down.
When you work at home, your greatest expenses will be necessary living costs, such as rent and utilities. If you are looking to develop your business through personal or third party investment you want to reduce these long-term operating costs as much as possible and the best way to do that is to relocate.
Prices for things like rent, electricity and food fluctuate not only internationally, but domestically too. After all, we all know that you can buy a ranch in Texas for the price of an apartment in Manhattan.
2. Integrate with Business Communities and Networks
Smalltown USA has a lot of things going for it, but support for home businesses is not one of them. While you might be doing all your work from the garage, you’ve still got to find clients and resources from elsewhere.
The internet is the tool of choice when it comes to networking from different corners of the globe, but there is still something to be said about getting involved in the community in which your business operates and networking face-to-face. Ideally, you want to move your business to a city that has a reputation for your niche and a community you can get involved with. When it comes to success, it’s all about the people you know.
Relocation of your design or fashion business to New York or Paris, or your Tech Startup to Santa Monica or Tokyo, can provide an invaluable boost to growth and development you simply cannot obtain from the isolation of your hometown.
3. Experience a New Part of the World
Humans crave new experiences, it’s just our nature, but modern day working commitments often get in the way of that yearning to explore and discover.
If you work from the home office, however, this hindrance is often not a burden you have to bear. Providing your home business doesn’t rely on a specific local source, you are free to set up shop anywhere you feel like and continue to work out of your new digs.
This is a blessing many of the working population simply don’t have, and offers up opportunities to travel and experience new locations and lifestyles. Setting aside the professional benefits of relocating, moving to improve your own quality of life and happiness.
Whatever you dream of — be it a sunnier climate, a more exciting city or an escape away from the hustle and bustle of urban life — owning a home business has the potential to open this world up to you, without the stress or uncertainty of finding a new career.
