Strategies for Moving Your Home and Starting a Business at the Same Time

As the US Chamber of Commerce can tell you, 50 percent of all small businesses begin at home. You may be thinking of starting a business from home, too — it’s convenient, saves time, and you don’t have to rent an office. The only problem is your current house isn’t a good place for a business. It could be too small, too noisy, located inconveniently, or troublesome in other ways. You may need to move to a more suitable base of operations. 

To help you pull off these major transitions as smoothly as possible, IREP Junk Removal offers the following advice. 

List What You Want from Your New Home 

Start by making a list of what you’d like from your new home. Consider your business needs as well as your family’s. Bear in mind that, when browsing online, you may not be able to find a house that fits all your needs perfectly, especially if you want something specific (like a workshop) — you may need to make modifications to what you find afterward, which can be time-consuming and require extra money and special permissions. You may need certain features in your new home: A separate entryway for clients or guests, extra storage space, a separate home office, a seating area, a buffer zone for extra privacy, a wide driveway for delivery trucks, access to nearby services, a centralized location, and similar.

Nail Down Your Budget 

Purchasing a home is a significant investment, as is starting a business. Creating a budget before you do either can help you avoid debt. Furthermore, you’ll have an easier time finding a home and applying for a mortgage. First, figure out how much home you can afford. Next, consider how much money you’ll need to start a business and keep it operational for a few months.

Start House Hunting — and Work with Professionals 

Buying a house can be time-consuming. You have to get pre-approved for a mortgage (unless you’re paying cash), view listings, go for house visits, negotiate with the seller, get the house checked, close, acquire insurance, and move there. Furthermore, you want to, ideally, pick a property that makes for a good investment, which takes good knowledge of the real estate market and local conditions. It can all take months, but working with a knowledgeable agent can help ensure you find the right property.

IREP offers great services for Realtors and we can also provide you with referrals if you’re in search of one to help.

Earn a Degree Online

Many business owners launch a startup without a business background. And while some entrepreneurs choose trial by fire, it’s often worth it to return to school. For example, going back to school and earning a bachelor accounting degree online accounting degree could allow you to develop your business acumen and teach you about reading financial statements, auditing, and generally accepted accounting principles. Earning an online degree gives you the flexibility to balance work, family, and school.

Read about reasons we need more trade schools.

Create a Business Plan 

Creating a business plan can help immensely when it comes to starting a new business and making it successful. This document outlines your business, including the business description, market conditions, product and service strategy, marketing, and financial projections. Although it can be hard to make, it can help you avoid mistakes and give you clarity on your business goals. 

Design a Logo

Marketing your new business is essential for attracting customers and establishing your brand. A well-designed logo is crucial as it makes a strong first impression, builds brand awareness, and separates your business from the competition. If your startup is on a tight budget, instead of paying for logo design services, you can use an online logo maker to design an appealing and creative logo on your own. Simply choose a style and icon, add in any text you’ll need, and you’ll be able to view an assortment of logos and adjust their fonts and colors.

If you’d like a referral to a graphic designer who can help, reach out to us.

Start Making Legal Preparations  

Starting a business usually means you need to register it with the government, acquire an EIN, get insured, acquire licenses or permits, set up a bank account, and similar. Starting a home-based business may require additional legal permissions — like permits for health and safety, permission from the HOA, zoning permissions, and similar. It’s also essential to establish your business, and most entrepreneurs opt for the Limited Liability Company (LLC), which can give you flexibility, offer tax advantages, simplify your paperwork, and make you more desirable to investors. 

Moving Your Home and Starting a Business

Moving your home and starting a business is a testament to your ambition and resilience. This journey requires careful planning and flexibility, but the rewards of establishing your own venture in a new location are immeasurable. Embrace the challenges and opportunities this unique situation presents, knowing you’re building not just a business, but a lifestyle tailored to your aspirations.

To get rid of your junk with the junk recycling heroes, contact IREP Junk Removal today!