Deciding Where To Expand Your Small Business To Next

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Deciding where to move your small business

 

Expanding your business to a new city or country is no easy task. No company, even if highly successful in its original market, is immune to the unique challenges that a new location presents.

Small businesses in particular must pursue their brick-and-mortar expansions with care and ample research. These 5 factors from the Washington Post should be examined closely by any business owner looking to expand their trading horizons:

1) Cost of doing business;

2) Growth trajectory;

3) Business climate;

4) Workforce characteristics; and

5) Transportation options.

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