Get a Move On: Moving Into a Space Suitable for a Home-Based Business
Written By: Julian Lane
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Starting a small business from your home is a great way to save on exorbitant expenses like rent during your startup phase, however, your current living situation may not ideally suit your operational needs, so it may be wise to relocate to a space that’s a better fit. Here’s how to keep up your productivity during the process, courtesy of Top Pick Guy.
Kickstarting Your Business
Before you pack up, there are certain steps that will need to be taken to ensure a smooth transition. Here’s what you’ll need to do before you move.
- Register Your Business
The business structure you choose has the potential to influence your personal liability, tax obligations, capacity to attract investors, and much more. Be sure to consider your plans for growth both personally and professionally when deciding on a structure.
- Write a Business Plan
Forming a business plan forces you to evaluate key aspects of your enterprise, such as your operational requirements, target audience, and staffing requisites. It provides a framework that you can lean on even if things get chaotic during your move. This will ensure that productivity is never compromised because of a lack of organization.
- Plan Financially
If you don’t have thousands of dollars at your disposal to invest in your business, there are a number of options you can turn to. Consider seeking financing from venture capitalists or angel investors. If you aren’t able to attract their attention, it may be possible to crowdfund your business or secure a loan from a family member or financial institution. Whichever option you choose, a cash injection is vital to growing your business out of its infancy.
Once you have an idea of the business’ income, you’ll need to create an ironclad budget and keep a thorough record of all transactions. Accounting software will help you store all receipts virtually so that there is no chance of documentation being lost during your move.
- Market Your Enterprise
Regardless of where you’re operating from, it’s likely that most of your marketing efforts will be implemented online. Be sure to create solid branding for your business and begin targeting your desired audience from the start to generate interest in your products and services early on.
- Educate Yourself
With all the moving parts that go into running a modern business, it’s worth taking the time to give yourself an edge over the competition by going back to school. For instance, earning an IT bachelor’s degree online can give you additional insights that will allow you to boost your business – and best of all, thanks to the flexibility of online programs, you can learn at your own pace without having to take a great deal of time off work to focus on your studies!
Finding the Right Space
- Use a Realtor
If you’re running a new business, you probably don’t have an excess of time to spend searching for properties, filling out paperwork, and negotiating the best deal. Making use of a realtor service will help you find the ideal space for your hybrid home and workspace so you can begin your transition sooner rather than later.
- Pack Efficiently
Packing is exhausting and time-consuming, so in an ideal world, you should consider contracting a moving company to save you the stress. If this isn’t affordable, be sure to pack as efficiently as possible by staggering your efforts and labeling your boxes correctly. This will help you unpack the most high-priority items, including your work equipment, once you’ve reached your new home.
- Set Up Your Workspace
You’ll need to select an area of the house that has ample room and that can be closed off to prevent unnecessary interruptions to your workflow. Once that’s decided, it’s important to make the space work-ready as soon as possible so you are able to resume operations and prevent loss of income.
Starting a new business is no easy feat, but with the right space to work from, your venture could be booming in just a few months. Consider a living option that works best for your personal and professional growth to take your profits to new heights. Top Pick Guy gives consumers highly researched guides and up-to-date reviews that are needed to make the right purchase for your specific needs. If you have any questions, don’t hesitate to reach out!
