The cost of doing business is one of the biggest expense considerations that entrepreneurs have to keep in mind, as it’s a key part of their overall financial plan. However, if small business owners are worried that if they move, high-quality workers won’t follow, a new poll may provide some much-needed relief.
More than half of job seekers – 55 percent – say they would move to a new country if doing so would enable them to find their dream job, based on a recent survey done by employment search engine Monster Worldwide. Additionally, nearly 1 in 3 said that they wouldn’t have a problem traveling to the other side of the world if the job they always wanted to get was the pay off.
The poll, which questioned approximately 5,400 individuals, included respondents from dozens of countries, in North America, South America, Europe and Asia. More than anyone else, workers from France and Canada were the most open to relocating. The Monster survey revealed that 50 percent of citizens from France would live in an entirely different hemisphere and 23 percent would move to another country. About 45 percent of Canadians said that they could see themselves living on the other side of the world in order to pursue their dream job.
Internet has created new possibilities, advantages
Mary Ellen Slayter, career advice expert at Monster, indicated that thanks to the Internet, it’s never been easier for workers to find the lines of work they want to pursue as well as business owners who can find skilled workers via the web.
“Fortunately, technology has made applying for a job across the world as easy as applying a job in your own town,” said Slayter. “Every stage of the process, from finding open positions to interviewing with potential future managers, can often be done online.”
Though employment seekers is one factor business owners need to be mindful of before relocating, there are a variety of other issues to weigh. For example, after factoring in rental expenses and property taxes, the operational costs may be pricier in another part of the country or world, but at the same time, if there are more opportunities for customers, the cost may be worth it. Additionally, small business owners should be cognizant of regulatory requirements, which vary from state to state and also between countries.
The U.S. Small Business Administration has other helpful hints that can help determine if relocating a business is a smart investment.