You know, every chance that I get, I love to spread the word about the potential benefits for a business going through a complex relocation. Many businesses think that a business relocation is a road to potential ruin and failure, but I’m here to tell you that it doesn’t have to be that way. I’m excited to announce that I will be speaking about my absolute favorite topic of Complex Business Relocation at the 21st Annual Eminent Domain conference in Denver, Colorado on April 26th and 27th.
You may or may not be aware that businesses relocating for public projects receive relocation benefits, which as described in the uniform act. But even with those benefits, many businesses can suffer from huge financial losses, or possibly even failure. An older federal highway study found that business failure rates on multiple projects samples were as high as 16%. another study showed that 60% of businesses failed. And in one samplefailure rates were as high as 80%. That’s right, 80% of the relocated businesses failed!
It does not have to be this way. I believe that business failures should be few and far between on these projects. In my experience with over 700 business relocations, I’ve found that a 99% survival rate can be achieved, with a majority of relocated businesses actually improving their situations and benefiting from the move. This starts with the proper planning of the relocation and finding all of the opportunities for the business that could come from this move. Usually, those opportunities aren’t immediately recognized by a business and you will need a trained and experienced eye, along with key planning, to find them. I’ve developed a system that focuses on 11 key steps necessary for properly planning a business relocation. These steps provide what’s necessary to meet the requirements described by the uniform act for the business to receive proper relocation cost reimbursements. Whether I am working for a business or a public agency, I always follow this system to achieve the best possible results for everyone involved in the project.
If you are an eminent domain attorney, an appraiser, right-of-way professional, or even a displaced business, I invite you to come to the conference. There, I will explain my 11-step system to you in more detail so you can be a part of a needed solution of business relocation failures. I hope you will join me in Denver on April 26th and 27th. I look forward to seeing you there!
425-398-5708