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Given the current uncertain state of the economy and Covid, would relocating be a smart move, or sit tight until the storm blows over?

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Chris hi. One approach could be to develop two market analysis: one in current location and a second one focused on a future potential location. Then compare them, apples to apples, taking as foundation your business plan. Next, reach to conclusions and decisions. Don't forget to consider also your real financial resources, the expenses to start over, risks, challenges, time investment, etc. A market study is a quantitative and qualitative evaluation to learn about the market niche, industry, clients, pricing, competition, forecast, and so on. Some examples: https://www.thebusinessplanshop.com/blog/en/entry/market_analysis_for_business_plan --- https://www.liveplan.com/blog/market-analysis-in-4-steps/ --- https://www.sba.gov/business-guide/plan-your-business/market-research-competitive-analysis --- I wish you the best.

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Thanks Miguel - My business is an OEM manufacturer. I could technically operate anywhere in the US. The benefits of staying are that my facility is set up and relatively inexpensive. The problem I'm facing is being able to attract talent. It's in Cincinnati. A majority of my industry is in the southern Ca area. Much more expensive, but potentially more opportunity and talent already there. So I'm really wondering if anyone has insight into things like impending shut-downs and/or tax implications of moving a business to Ca when it seems as though everyone is leaving Ca.

Thanks again, Chris

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This depends on the ability of the media office to guide, raise awareness and guide, and this requires media experts to manage matters professionally.

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