We are all aware of many of the more typical reasons businesses relocate overseas – tax benefits, lifestyle advantages, new networking opportunities, etc.
But there are a number of other not-so-obvious benefits and here are just a few:
1 – The A-HA Factor
There is a saying that travel broadens the mind like nothing else. We think that’s true, especially when one is not just visiting but become immersed in the local culture. And this expansion can lead to “A HA!” moments that can be applied to your business and your life.
Imagine the following scenario – You are walking down a Cayman Island lane and something you have never seen at home before catches your eye and the synapses in your brain fire in a new way and you have a new idea. Like Newton and the apple, inspiration for a new product, a new process, can happen anytime but some of the greatest ideas seem to happen when you least expect it and when you are in a new environment.
2 – Family Matters
If you or your team members have families, the benefits to spending time overseas can be enormous. A new environment, a new culture, even new hobbies can truly inspire children to think in new ways, to consider new challenges.
Your daughter goes snorkeling off of Grand Cayman for the first time and a few years later she is getting her PhD. in oceanography; your son, who has always been obsessed with ice hockey, sails his Sunfish for the first time, sparking a career in the maritime industry.
Expanding your vision, expanding your experiences always leads to expanded opportunities.
3 – Calm Professionalism
Imagine how you would feel walking into your office in the morning if you could replace your coffee-spilling, rage-inducing, 14 mile-per-hour, 48 minute commute with a 10 minute walk in the sun?
Happier? Yes. More productive? Certainly. Calmer? No question.
How one gets to the office has an impact on how one performs in the office, one of the major benefits of living in the Cayman Islands and working out of Cayman Enterprise City.
But while you are more relaxed, that does not mean you are less “professional.” Anything that can be done in Hong Kong, London, Toronto, New York, Los Angeles, well, anywhere in the world actually, can be accomplished in the CEC. Sometimes we forget that frenetic activity does not lead to a better outcome – remember, Archimedes figured out how to determine the volume of an irregularly shaped object while taking a bath.
4 - …And on the Lighter Side…
First off, your relatives – especially in the winter months – will want to visit you. That means no more packing up the family for the arduousness of modern travel (though when you do travel – think of the extra frequent flyer miles and duty free shops!)
Second, the stories about the new and exotic things you will have seen and done you will have to tell when talking to friends and family back home.
And, third (especially if you relocate to the Cayman Islands), the weather. Once you have been here for a few years, you will honestly be able to say to your friends in Vancouver – “What’s a snow shovel?”