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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