Moving and Starting Your Business Doesn’t Need to be Overwhelming
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Moving and Starting Your Business Doesn’t Need to be Overwhelming
Considering a move while starting a business can feel overwhelming. At the same time, it could be the best thing you do for yourself and your new venture if the space in your home is limited. The truth is, during these unconventional times, many people are opting to do just that, and buying a bigger home to suit business needs is a great way to start a new adventure. So here are some tips from Carol Gilles to get you started on the next big chapter of your life.
Juggling a New Business and Move
Are you unsure when and where to start when it comes to creating that perfect office space? If so, you aren’t alone. There’s a lot to think about. While the dream of running a business in a place you love is easy to understand, it often comes with a lot of work and prioritizing. Between the risk of moving to a new place and a move toward less reliable income, it’s important to strike a balance early on with ways you’ll support yourself and your business as you move onto this next chapter. Start by organizing the space you currently have the same way you’ll write your business plan.
As you begin to look for bigger homes to accommodate your business needs, it’s important to make the best use possible of your current space at home. Don’t hold off as you meet with real estate agents and research a new location. That is, don’t wait to get started on your new business. Start now by filing the paperwork for an LLC, writing up a business plan, and designing a logo.
Why an LLC Is Important
Most savvy business owners understand the importance of filing for limited liability status in their state. This protects their private assets from business liabilities, and it’s likely easier to apply for than you think.
You can file the paperwork to start an LLC yourself or use the services of a business attorney. A good middle option that’s not as expensive as using a private attorney is to use a business formation service to handle the paperwork. States have different rules around forming an LLC, so check the laws as you begin. You can find information on how to file for an LLC in your state by checking with your state’s business formation department.
Long Term Planning
It’s never too early to think long term. For instance, you probably already have a sense of how competitive the business world is. So, if you want to give yourself an edge — especially if your goal is to eventually expand your business — then you should be thinking of how to give yourself an edge. One way, obviously, is to learn from your mistakes, and examine the competition to see what works and what doesn’t.
Another way is to further your education by pursuing a Masters degree. Online programs offer a lot of flexibility, meaning you can keep working as you learn at your own pace. And best of all, the tips and tricks that are part of your education can be immediately applicable to your field, so all your education expenses are essentially an investment in your business — and yourself.
Finding a Better Location
When shopping for a new place to live, think about the community and your overall business goals and needs. Keep in mind that a bigger home isn’t all you’ll need. If you’ll be running your business remotely, ensuring you have a strong and unlimited internet connection may be the most important thing you can do to put yourself in a position to succeed.
Peace of Mind
In the end, your decision to make your business an LLC as you organize your space is a great way to get started. Operate with peace of mind and be more organized in your new and bigger space if you take some simple steps during your move and while starting your own business from your current home.
Thanks to Monica Smith for her input – information@recoveringworks.
Carol Gilles of The RealEstate Group has been a licensed Realtor since 1979, specializing in representing clients in the purchase and sale of single-family residences and income property within the South Bay area of Southern California including Long Beach and Orange County. Reach out today to make that dream-home a reality!