You know, every chance that I get, I love to spread the word about the potential benefits for a business going through a complicated relocation. Many folks 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 Complicated Relocation Issues, and another topic about Navigating Cultural Conflicts in Mass Relocations.
This will be at the ALI-CLE Eminent Domain and Land Valuation Litigation conference Thursday-Saturday, January 24-26, 2019, in Palm Springs, California.
You may or may not be aware that businesses relocating for public projects receive relocation benefits, which are described in the Federal Uniform Relocation and Acquisition Act (URA). But even with those benefits, many businesses can suffer from huge financial losses, or possibly even failure.
An older Federal Highway Administration study found that business failure rates on multiple projects sampled were between 8% and 25%. Another project showed that 60% of businesses failed. And in another, failure 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 several hundred 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 to the business relocation failures.
I hope you will join me in Palm Springs. I look forward to seeing you there!
425-398-5708