As a business owner, you know that any project requires careful planning. The more time and resources you have to dedicate to the planning phase, the more you can pre-empt potential problems and find creative solutions. When it comes to relocating your business, you know that as with any project…
Only by carrying out a full analysis of costs can you plan your finances around your move. You need to calculate all the myriad expenses that will be incurred throughout the move, as well as calculating the opportunity cost that will occur as a result of downtime. When you are able to take all of this into account you can ensure the liquidity of your business even as you transition.
However, this takes a lot of careful and comprehensive budget analysis. Not all businesses, especially those moving for the first time, are able to carry out this analysis effectively.