Nov. 24, 2022
-- Nowadays, the global business environment is more fragile and unstable than ever before. Economic and life challenges, the conjunction of the labor market, and the uneven development of regions illustrate how difficult the current situation is. In trying to weather the tough time, most entrepreneurs use classical ways like staff optimization, cost reduction, and advertising rejection. However, sometimes it is not enough and companies slowly lose both resources and talents. As a result, they take themselves out of the current market.
Relocation is not something spanking new; the business community knows it and actively uses it for development. It takes time and resources but the outcome is worth it. Let's take a look at the top advantages of the business relocation.
- Market expansion. It helps to discover new regions and attract new customers to your goods and services. This solution is the best if you are either trying to leave a non-profitable market or find a new location to launch your business.
- Cheap but qualified labor. Basically, a company spends a lot of money once to relocate to a cheaper region and save more later. Developing multilingual countries like The Philippines, India, South Africa, and others attract businessmen providing qualified employees.
- Lower taxes and legal requirements. This factor is crucial when it comes to choosing a region to relocate to.
- Brand advertising. Having an interesting story of an international brand that steps up its activity in a different region seems interesting.
Viktoria Yukhnenko, development advisor of an international consulting company KeyGroup states, "Business relocation is what your company may not need today but you have to consider it a top option when you face economic pressure or start struggling to ramp up sales volume. It's a huge and very important shift for your business however, it may be the only right one. If you are afraid of mistakes you can make during the whole process, I recommend you to work with specialized companies. First, learn about the company's cases and the solutions it provides. Second, make sure you do not work with dabblers but with a team of international experts. Third, get a free consultation to figure out what you really need clearly. Finally, prepare yourself and your employees for big upcoming changes."
Currently, KeyGroup creates and accelerates international projects, provides business consulting, and assists with digital growth, promotion, and relocation. The company works with global sharing services, marketplaces, personal brands, and startups. KeyGroup's portfolio includes over 15 projects in the USA, Turkey, and Cyprus. All of them have been transformed from small e-commerce platforms to industry leaders. Moreover, the company's top managers perform as moderators and speakers of leading events in the fields of tourism and information technology including World Metaverse Show, Uzakrota Travel Awards, and others.