Entrepreneurs and the Call of Home in a Different City

Recently I was talking to an entrepreneur that is in the process of selling his business. His parents are getting older and he’d like to move his family to their hometown for five years so that his kids get a chance to build a deeper relationship with them while they can. Home is where his parents live, not where he currently lives. He lives where he does because it was the best place to build his business, and he’s executed well, creating a successful enterprise. Now, he’s ready to move on and go to his true home for the next phase of life.

I believe it’s important to approach a startup with a build-to-last mentality. The idea is that the company is created and decisions are made with the long-term in mind. This doesn’t mean that the entrepreneur has to be with the company forever, or even in the same city as the company indefinitely, but rather that the environment is one critical, and controllable, part of the equation.

Entrepreneurs that want to be in a different city from their business either while it is still going or after they sell it should be up-front with their co-founders and key stakeholders during the process. Ideally, there’s enough lead time to make for a smooth transition. With technology like Skype Video and Gchat combined with the right people on the bus and processes in place make it easy for entrepreneurs to work remotely.

Entrepreneurs that have the call of home in a different city from their own should embrace it and build aspects of their team and company with their personal goals in mind.

What else? What are your thoughts on entrepreneurs and the call of home in a different city?