relocating for a new home business

Megan Cooper

Danish Modern San Diego is pleased to welcome Guest Blogger Megan Cooper from Real Life Home ​https://reallifehome.net/

Edited and formatted by Dawn Torres-Reyes

Image Credit: Pixabay

How to Relocate While Starting a Home Business​

​Starting a home business can be a relatively simple and inexpensive project - unless, of course, your existing home is too small or too impractical to host a business. If this is the case, the prospect of starting a home business may look like a lot more work and stress. That does not mean you need to abandon your dream of running a home business. You may be able to solve the problem by relocating to a new home.

What to Look for in a New Home for Business

​Choosing what you need in a property for a new business means asking yourself what was not working in the old one. If your existing home is too small to sustain a business, determine how much space you will require.

If your home is in a poor location for business, ask why that is. Is your home an inconvenient location for clients? Is vehicle parking an issue? Is your home or neighborhood zoned for business? Review everything that is inadequate for conducting business in your present home so that you know what to look for in a new location. Then consider other questions such as personal taste, what kind of layout will work for your family, proximity to amenities you value, and so forth.

How to Save Money on a Home Purchase

If you’ve traded up in terms of housing, you may be concerned about expenses. Find out what financing options are available to you. Another possibility is purchasing a home that is sold as-is. When a house is offered in as-is condition this does not necessarily mean there is anything seriously wrong with it and it may just need cosmetic upgrades.

When a house is being offered for sale as-is it does mean that the seller will not make any changes or offer any credits based on repairs needed. A house sold as-is may have structural problems and have issues such as mold, pests, or asbestos, so do not purchase without scheduling a home inspection, consulting an attorney, and looking over property records. Your due diligence will save you from expensive repairs and updates.

How to Prepare for Your Move

If you want to keep your move as low-stress as possible, the key is to plan well in advance. Months before moving day, start sorting through your belongings, downsizing, and begin packing. Research movers and choose a moving company you know is trustworthy. Arrange for utilities to be shut off at your old home and turned on in your new one. Make a schedule of tasks for such things as submitting address changes, switching schools, and securing licenses and permits you will need to operate your business from your new home.

The Fundamentals of Starting a Business

Now that you have a business idea and a location, you can start setting up your business:

• Write a business plan
• Choose the right business structure and register your business
• Conduct market research in preparation to connect with clients
• Secure funding for your business
• Decide how much staffing your business requires
• Design a logo
• Create a business website and social media accounts
• Hire SEO services
• Launch your business

 
When choosing a business structure consider forming a corporation. Registering as a corporation gives you advantages like liability protection and easier access to funding. The simplest way to incorporate is to use a formation service.

A memorable logo for branding your business should accent the launch of your website and media platforms. You can hire a professional designer, or you can use online tools for your logo design.

Accounting for Additional Business Expenses

While you are planning the financial part of your business, do not forget to budget for additional expenses, including the cost of moving.
You will need to account for the costs of required licenses and permits, taxes, inventory, and technology for your home office. You may also need to purchase software for web hosting, cybersecurity, time tracking, project management, and data storage.

Relocating while simultaneously launching a business takes extra effort that can result in gaining profits and a better quality of life. It is better to make the move for your business as early as possible in the business planning stages so you may launch your business from a suitable location.

This article is brought to you by Danish Modern San Diego, Importers, Restorers, Sellers of European Vintage Mid-Century Modern Furniture since 1996.