Each year, around 627,000 new businesses are formed in the United States. If you want to join those ranks by launching a home-based business, but your current house doesn’t have enough room,
Starting a Business and Moving at the Same Time? Here’s How to Pull It Off
Dated: October 8 2021
Each year, around 627,000 new businesses are formed in the United States. If you want to join those ranks by launching a home-based business, but your current house doesn’t have enough room, then moving could be your best bet. While starting a company and moving at the same time is challenging, you can pull it off. Kimberly Falker shares how.
Buy Your House the Right Way
When it comes time to buy your new house, make sure you approach it properly. Don’t start off by touring homes. Instead, figure out what you genuinely need from the property.
Since you’re launching a home-based business, consider both your living space and company needs. Decide if you need an office or extra storage, for example. If you need to see clients, determine if a separate exterior door is a must-have.
Once you know what you need, you can see if an existing home fits the bill. It’s wise to work with a trusted local realtor like Kimberly who knows the market and available properties inside and out.
If you can’t find a solid match, then you might want to pivot and explore a custom-built home. With a custom-built home, you can choose the layout and features. Plus, by altering the finishes, you can potentially lower the cost.
If you decide to build, get help from a realtor, architect, engineer, and contractor. The realtor can guide you toward suitable lots, while the architect and engineer can create the home plans. Your contractor will do the actual building, as well as secure your permits.
Plan a Methodical Move
Every year, around 40 million people move to a new home. But they don’t all use the same approach. Some are entirely DIY, using their own supplies, vehicles, and labor. Others rent a truck or other helpful tools but do the bulk of the work.
In either of those cases, planning is essential. Not only do you need to coordinate the timeline for moving items from one house to the next, but you also need to handle the packing. One way to make this simpler is with a slow and steady approach.
Start by packing seasonal non-essentials, like clothing for other times of year or holiday decorations. Next, focus on knickknacks and other décor. Then, transition to lesser-used items you can live without for a time. Finally, pack up your essentials right before you want to head out of the door.
Generally, it takes one to two days to pack each room in a house. By using the approach above, you split up the burden, allowing you to spend time working on your business as you prepare to move.
However, if you’re among the about 50 percent of people that decide to get professional help for their move, you may not need to worry about that. A full-service moving company will handle all of your packing usually just in a day or two. It’s definitely a more expensive approach, but it’s far more convenient.
Plus, full-service movers drive your stuff to your new home and unpack, too. If you do a DIY move, that burden falls on you, so you’ll have to use more time to handle the move.
Keep Your Business on Target
If you’re setting up your business from scratch, start by choosing a business structure. Most small businesses are registered as sole proprietorships, though you may find that you’re better served to file as an LLC for the flexibility and limited liability it offers.
Working with a lawyer to do the filing for you can be costly, so consider doing it yourself or using a formation service. For the latter, make sure you choose one with the expertise and stellar ratings to back it up.
Next, determine what licenses or permits you’ll need to operate your home-based business out of your new house.
If you already have employees working for your small business, then you want to use tools that help them stay on target. With the right platform, managing productivity and time tracking is a breeze.
Choose a solution that includes timesheet and productivity management capabilities. Additionally, use a platform that supports software integration, offers real-time reporting, and is accessible through a companion mobile app. That way, you can keep an eye on your company while you’re managing your move.
Ready to find a home for you and your business? Contact Kimberly today. 727-377-2202
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With a unique background as a prosecuting attorney in Boston, an elementary school teacher in Florida, and a mother of two, I bring a new level of professionalism and service to the Real Estate indust....