New Beginnings - How to move and start a new business at the same time
Updated: Oct 12, 2022
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If you are building a home business, you might notice a point where your current house does not meet your needs anymore. Perhaps there is a lot of customer demand and not enough room for you to create, build, or otherwise supply the needs of many buyers. Or maybe you would like more space than what you have right now.
Learn how you can move while still continuing to build a home business at the same time.
What to look for when buying a home as you go through the steps of seeking a new home, make sure you are aware of how much square footage you have at your current house, and what you think you will need in the long term. Do not be afraid to be specific about your needs. Maybe you need a larger garage for a workshop or a whole separate room for your home business. Do not
forget to think about expansion. You might consider supplementing your business by earning a degree at the same time. If you are thinking of offering IT services or business consulting, a master's degree can help you leverage better wages for yourself later on.
Make a point to look at several different homes, and try to find one that will best meet the needs of your family, too. Maybe you need a yard for your dog or you would like to avoid someplace that is part of an HOA. It pays to shop around so you can find a long-term solution for everyone.
Last but not least, you may want to consider purchasing a home located near a storage unit facility if you intend to bring along a lot of possessions that you can’t fit inside your property. This is especially important if you have a lot of your business equipment or documents in storage. Fortunately, there are a number of available units around Los Angeles, though it’s important to research prices based on the amount of storage you need. For instance, if you’re looking for a 5 x 5 unit, you can expect to pay around $138, depending on the area.
Steps To Make Moving Easier
Once you have decided where to move to, you will need to start packing up your current home. Make sure you go through your house and declutter or get rid of items you don't have a use for anymore. This can save time and money when it comes to packing, and you might even be able to recoup some costs by holding a garage sale.
As you are packing items away, clearly label boxes and use a color coding system. This can help you identify what items are supposed to go where and make it easier when it is time to unpack at your new home. Keep your laptop, any customer information, and anything you are working on easily accessible during your move. Even though you are picking up and going somewhere new, your customers still expect you to readily assist them.
Considerations to make when setting up a business at home as you begin setting up your new office area or workspace, do not forget to create a business plan. This plan should go into detail about your company, what products and services you offer, if you will have an LLC, sole proprietorship, or S-corporation, and the type of funding you will use to help you get started, along with financial projections for the coming years.
A business plan is flexible and will change, so keep in mind that even if things do not go exactly as planned, you will be able to change along the way. If you feel stuck, working with a mentor can open your mind to new ideas.
Getting a home business set up while you are in the middle of moving might sound like a difficult challenge, but it can be done. Knowing how to prioritize and make plans for the future will help you make the most of your company, no matter what stage it is at.
If you’re looking for virtual assistants or consultants to help guide your business, get in touch with Golden AQS today to learn more about the services we offer. Book a consultation with us today.
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