Monthly Archives January 2016

How Family-Owned Companies Can Decide ‘Should We Stay or Should We Go?’

Warren Buffett is reported to have said, “Never test the depth of the water with both feet.” Such caution is respected by families that own businesses, especially when they consider a new location for expansion, relocation or consolidation purposes. The further away a new location is – say, in another state – it’s more likely the project causes company owners to contemplate the difficult-to-answer-question, “Should we stay or should we go?” Also, complexity varies by project since it’s usually a more elaborate job to relocate a factory than, for example, an office or warehouse. There are two basic ways for
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