There are many reasons why business owners decide to expand their companies. Some want to explore new markets, diversify, gain a competitive edge, etc., while others just want to increase the sale of their products and services, and thus, earn more money. These are all the things you can expect when expanding your NJ-based business to Mississippi. But, just because there are a lot of pros when it comes to this, doesn’t mean that there aren’t any cons. Quite the contrary! This kind of expansion can lead to many pitfalls (especially if you don’t know what you are doing). However, don’t let us scare you – we just want to show you the whole picture. Hopefully, this picture can help you make your decision on whether to expand your NJ business to Mississippi or not.
Pro: Reduce Operating Costs
It is true that expanding your NJ-based business to Mississippi will come with a lot of costs. However, if your business succeeds, you will be able to lower your operating costs. Well, at least, you will be able to lower them in Mississippi! And, how is that possible? Well, running a business in Mississippi is generally a lot cheaper than in New Jersey. The costs of renting your business quarters and warehouses are cheaper, the utilities are cheaper, and the cost of living is cheaper. And, not only that – but the state of Mississippi will also support you and your newly expanded business by offering you a lot of incentives and tax deductions as well. Thus, if you were looking for a place where you can earn money while also saving money, start organizing your move right now.
Pro: Access to Fresh Talent
NJ is a great place with even greater people. But, sometimes, it is hard to find the right people that suit you and your company. In some cases, an employee has the necessary skills but no experience. In other cases, an employee has the right education but you simply don’t meet eye to eye.
We all know that a company is nothing without the right employees. Thus, if you too are having difficulties finding the right employees for your company, let that be another reason why you should consider expanding your NJ-based business to Mississippi. The state of Mississippi has some of the most amazing colleges and universities that ‘produce’ amazing talents every year. Here, it is very likely that you will be able to find people for all positions in your company. So, don’t wait – call your spydermoving.com professionals right now. Have them help you relocate to Mississippi so that you can start with job interviews as soon as possible.
Pro: New Customers and Clients
One of the most important reasons why business owners want to expand their companies is because that offers them the possibility to earn more money. And, they earn that money by selling their products and services to people. Luckily, Mississippi is full of people just waiting for a new company to open. That is, it is full of potential customers and clients who just love trying out new things.
And, although NJ is a cool place to live and work, there is something special about Mississippi. That is, there is something special about its people. They are welcoming, kind, and friendly. You will see them helping you move in and helping your business grow. We are not lying – we talked to many business owners who recently started their businesses in Mississippi, and they all claimed that locals were more than happy to spread the word about their company and support it in many other ways.
Con: Expanding Can Be a Big Shock for the Company and Yourself
Again, we are not going to lie – expanding your company can be a big shock. It can be a big shock not only for you and your business but also for your employees, customers, and clients. You will not be able to devote yourself entirely to your existing company while trying to open a new one, you may pressure your employees, and you may lose a lot of your time and energy while trying to juggle everything.
And, speaking of losing, you may also lose a lot of money. Just think about it – when you decide to expand your company, you will have to spend your money on new headquarters, new warehouses, and even on your new temporary home. Moreover, if you plan on taking some ‘parts’ of your old company to your new one, you will also have to spend your money on movers. Relocating heavy office furniture and all the office supplies is too challenging so this is a task for professionals. But, even if all these things are considered a con, don’t look at them as losing your money! Instead, look at them as investing in your business that will someday bring you all your money back (and a lot more).
Con: Finding the Right People for the Job May Be Difficult
Wait! Don’t expand your business and don’t call your last-minute movers just yet! We have to talk about another con. Namely, even though Mississippi is a state full of wonderful and talented people (just like previously mentioned), sometimes it might be hard to find just the right people for the job. Yes, you may find amazing talents with all the necessary education, skills, and experience, but, those will be your employees. When you expand your company, you have to look for more than just employees – that is, you need to look for someone who will run your ‘other’ company while you are managing your business elsewhere. That person must tick all the boxes, but above everything else, he or she must be a person of trust. It must be someone just like yourself. And, since finding that kind of person is quite difficult, we think that that is a con.
As you have seen, there are many pros and cons of relocating your NJ-based business to Mississippi. We mentioned just a couple of them, but, if you keep on researching, you will find even more. So, research! And, put everything on paper – that will help you decide whether to expand your company or not.