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What kind of business can just pack up and move far away?
Like just on a whim. That is what seems to be happening in California. Businesses just packing up and moving to places like Texas.
But really, who can do this? An upholstery store? A grocery store? I cannot be a licensed business like lawyer, accountant, or even a construction trade like plumbing. You have to be licensed in the state you are practicing. Even a Real Estate agent/broker need to be licensed in that state. Well some have reciprocity.
Most states by now must be saturated with each kind of job. If you are moving from a more populated state to a less populated one, then I sure it be even harder to find customers/clients.
Referral businesses are probably hardest to move. Unless all your old clients literally move to same place. Is it only the large multi-national corporations that are shifting their HQs away from say California? Landlords can change locations easily. They just buy any RE anywhere.
I hear a lot of middle class folks are fleeing from somewhere. Leaving Rust Belt, and moving to Sun Belt, but what are they doing to support themselves?
You have not dealt with anything construction related in a while? Reciprocity or going through licensing is generally not a big deal. Around here small shops have contracts for a year out.
Plenty of lawyers and accountants looking for work.
We did it. Our business was 99% online and our customers were worldwide. We worked from home. We found an ideal larger house in SC and left CA 6 weeks later. Since moving we've expanded the business and opened a large retail store for local customers.
It worked out ideally for us and we would never move back. But it's not unusual, people and businesses move all the time.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Any business can relocate, licensing is just a minor inconvenience. The only real concern is the market for the customers, and if producing, the availability of raw materials. For example, a fish processing company in Seattle is not likely to be successful relocating to Nebraska. Likewise, a ski & snowboard shop is not going to do well in Florida. None of the many marijuana retailers here in WA state are not going to relocate to Texas or Louisiana, where it's still illegal.
You have not dealt with anything construction related in a while? Reciprocity or going through licensing is generally not a big deal. Around here small shops have contracts for a year out.
Plenty of lawyers and accountants looking for work.
So getting the electricians, general contracting, and plumbing licenses are easy?
Quote:
Originally Posted by KaraG
We did it. Our business was 99% online and our customers were worldwide. We worked from home. We found an ideal larger house in SC and left CA 6 weeks later. Since moving we've expanded the business and opened a large retail store for local customers.
It worked out ideally for us and we would never move back. But it's not unusual, people and businesses move all the time.
Any business can relocate, licensing is just a minor inconvenience. The only real concern is the market for the customers, and if producing, the availability of raw materials. For example, a fish processing company in Seattle is not likely to be successful relocating to Nebraska. Likewise, a ski & snowboard shop is not going to do well in Florida. None of the many marijuana retailers here in WA state are not going to relocate to Texas or Louisiana, where it's still illegal.
Is getting and passing the Bar exams easy then? They dont make you go through more school?
Actually a fish processing company should just open a fish market in Nebraska. Probably do swell as I cant imagine there are too many.
But what exactly is fish processing? Most stores can just filet their own fish or peel their own shrimp if that is how they sell. Or are you talking about turning fish into patties, or canned tuna? A lot of processing is actually done on the fishing vessel itself.
Most businesses and most people are stuck where they are. But some do find a way out when they have to.
That is what I am leaning towards. In our service based economy, I cannot fathom what niche has not already been filled at every spot. Becoming the new player in town is going to be hard and risky.
Each business/profession is different. You can reinvent yourself anywhere as long as the markets are similar.
Selling skiing/ snow plowing equipment in Florida or sailboats in Utah would be examples of no, that won't work.
A lot of licenses can be transferred into other states so if you were a licensed electrician in NY, then Florida will likely accept your credentials. One shocker, the General Contractor license in Florida is not one they will accept from other states. You have to take the test just like a new guy on that one (likely due to the construction methods/concrete vs. wood/hurricane building codes). I knew a guy that was a builder for 40 years in SC, built over 40,000 homes and Florida told him to sit down and take the test like he was brand new. He declined, simply retired.
Basically all knowledge work. Finance, Sales, Legal, Accounting, Marketing. A lot of non field based operational management. All can be done in a remote / distributed manner at some level.
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