10 questions you should consider when starting, expanding or relocating a business in the country
10 questions people ask about starting, expanding or relocating a business in the country
- Where will my business be located?
This is a tough question that demands other answers, but the best research is on this website, where there are all 112 councils outside of Sydney with information.
- Is there a demand for my business?
This depends on the type of business you run. If you open a corner store in a small town that already has corner stores, you may not find the demand you need. Make sure you do your research.
- Will I have access to suppliers?
The postal system can deliver anything to anyone in very little time, regardless of where you live, should you require suppliers that are not available in your local community. Otherwise using locals will not only help your community, but will provide you with a better reputation. You can research for suppliers on this website, on council websites or spend some time surfing the net and calling businesses to see what they can do for you.
- What is the competition like?
You could find in a community that has limited business there may not be huge amount of competition. Running a smart business plan will ensure you stay ahead of the competition.
- What is the Internet connection and reliability like?
Many Sydney residents believe that the country is very backward with no reliable technology growth and slow internet. This is a stereotype that is no longer based on facts. The first community to be connected to the NBN was Armidale, with most regional centres already connected or are planned in the roll out. You can research the interconnectivity and the NBN rollout on http://www.nbnco.com.au/connect-home-or-business/check-your-address.html#.VFGlQktmdhM
- How expensive is the rent or real estate?
This is a question that will make or break many businesses. Commercial business addresses are almost guaranteed to be cheaper in country NSW than in Sydney for the same approximate size and type. The CountryNSW.com.au website has median house prices and links to hundreds of commercial real estate options. It is also a good idea to talk directly to Economic Development Officers and Real Estate agents who want your business and are prepared to offer you deals.
- Could I find skilled and loyal employees?
After you have decided on the business and the set up, the next step is finding employees who can do the job. You will find that people who live in the country are more likely to remain loyal to their employees and remain working for them longer and better than in the city. They tend to respect the job that they have, as there are often not many other alternatives. If you are looking for skilled professionals you can advertise your job cheaply in local papers or call us on 0267715633
- Am I eligible for government incentives?
If you are looking to start, expand or relocate a business outside of Sydney you could be eligible for up to $10,000 as part of the Regional Relocation Grant Scheme. You can find out more on http://www.osr.nsw.gov.au/grants/rrg.
- Can my business grow over time in the country?
Successful businesses will always be able to grow. Expanding, starting or relocating your business to the country can give you a better chance of growing with the cheaper real estate, larger land area, loyal employees and a healthier lifestyle to live.
10. How do I make the move?
The answers to why are hard where as the answers to how are easy! All it takes is a passion and good research, both of which you can find at the CountryNSW.com.au website. You can research for suppliers, rent and real estate, find employees, research the demand and see success stories of people who have made the move.