Choosing the right location for your business in St. Mary Parish can make or break its success, whether you’re just starting out or looking to expand. It’s a decision that deserves careful thought and planning.

Unfortunately, many companies rush into site selection without doing their homework, leading to less-than-ideal outcomes that can stunt growth.

Some common missteps include skimping on research, overlooking the available incentives, or fixating on cost alone.

In this post, we’ll explore the most frequent pitfalls businesses face when picking a location in St. Mary Parish. By avoiding these mistakes, you’ll be better equipped to find the perfect spot for your company.

Skipping the Homework

First, research the area’s demographics to get a feel for what the locals need and want. Check for any environmental risks, like flooding or regulations, that might affect your plans.

Remember to consider timing and potential roadblocks to development, such as zoning laws or permit requirements, before falling in love with a particular spot.

Overlooking the Available Incentives

Don’t overlook the available incentives that could benefit your bottom line. Nearly every jurisdiction offers legislated incentives to qualified businesses.

Site selection services can be invaluable in identifying and securing these incentives, helping you spot and secure these benefits and guiding you through the application process to maximize what you qualify for.

Focusing Solely on Cost

When scouting for the perfect spot in St. Mary Parish, it’s easy to get caught up in the numbers game and focus solely on the price tag. But while cost is definitely a factor, it shouldn’t be the only one on your radar.

Sure, you might find a place that seems like a steal, but if it doesn’t fit your long-term needs, you could end up paying for it in other ways.

Maybe it needs a ton of renovations or has hidden costs that’ll eat away at your budget. Or maybe it just doesn’t have the room you need to grow and expand down the line.

Rushing the Process

The pressure to make a speedy decision when choosing a site in St. Mary Parish can be intense, but rushing the process can lead to major headaches later on.

If you’re in a time crunch, it’s tempting to just pick a site and run with it. But without involving key players in the decision-making process and having a clear set of criteria to evaluate your options, you could end up with a location that doesn’t really fit your needs.

Find the Perfect Business Site in St. Mary Parish with SMED’s Help

Choosing the right spot for your business in St. Mary Parish can be tricky, with lots of potential mistakes to watch out for.

Rushing into a decision, focusing too much on cost, overlooking available incentives, and skipping important research can all lead to problems down the line.

Read Also: Driving Business Growth in St. Mary Parish Through Strategic Site Selection

To avoid these pitfalls, take your time, involve the right people, and consider all the key factors when selecting a site.

Luckily, you don’t have to go through this process alone. St. Mary Parish Economic Development (SMED) is here to help, offering free site selection services for businesses in St. Mary Parish.

Our knowledgeable team can guide you every step of the way, making sure you find the perfect location for your business while steering clear of common mistakes.

 But that’s not all – SMED also provides a variety of other services to help your business succeed in St. Mary Parish. We can assist with finding and securing incentives and tax credits, provide guidance on regulations, and offer many other valuable resources.

So, if you’re ready to find the ideal site for your business in St. Mary Parish, just get in touch with SMED today.

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