Starting Your New Business on the Move
If you're like many people, owning your own business is the dream. However, if you don't have the space to run that business, it could become a nightmare. Don't be afraid, though: you can start your business and move into a new place with more space at the same time. Here are some tips to help you get going.
Buying a Home
When you're moving so that you have enough space for both living and running your business, your priorities may be a bit different from the average buyer. Working with a realtor is a definite plus, as they help you find the specific elements you need. For instance, depending on what your business is, you may only need a home office.
However, if clients come to your home, additional requirements, such as a separate entry or extra parking, could be of benefit. If you have an e-commerce business, you will need space to store inventory, and perhaps a studio or something similar for creating your items. While a larger city may have many homes with your wants, options could be more limited in smaller towns. This is another reason working with a realtor is so helpful.
Moving to Your New Home
Once you've found your new home and are ready to move in, you'll need to take some special steps. If you've already begun business operations, be sure to pack items for your business into a box that is clearly labeled and easily accessible. This one should stay in your possession and not be taken by movers so you always have access to the information you need to keep your business running. Do the same thing with all important records and paperwork you may require if you are still waiting to begin your business.
Launching (or Relaunching) Your Business
Once you're moved in, take a bit of time to get your new workspace organized. You'll need to either register with your state, county, or city, or you'll need to update your existing information. Take advantage of the move by announcing your new information with a business launch or relaunch. This can help jumpstart sales that may have dropped a bit while you were busy moving, and it establishes your new systems in your new place. You can also get in front of new potential customers in your new neighborhood.
Hiring Employees
When you are ready to hire employees for your business, there are a few things to keep in mind. First, you will need to determine what type of employee you are looking for. Do you need someone with experience in the industry, or are you willing to train someone? What skills are required for the position?
Once you have a clear idea of the type of person you are looking for, start reaching out to your network. Ask friends, family, and acquaintances if they know anyone who might be a good fit for the job. You can also post a job listing on online job boards or in local publications.
When you have a few candidates, arrange interviews and ask each person about their qualifications and experience. Be sure to give each candidate an opportunity to ask questions about the job and the company.
You’ll also need to figure out how much you’re going to pay your employees. You can use a payroll calculator to get an accurate measurement of employee pay by adding their salary and potential commissions, bonuses, and overtime pay.
Make the Move and Get Ready to Grow
Running a home-based business with very little space is difficult. While it shouldn't be your only reason for moving, you should consider it. When you have the ability to close off your workspace and walk away at the end of the day, you'll find that your work-life balance improves and that productivity increases.
If you’re ready to purchase a home, visit RealtyTopia to utilize the latest technology to find a property that suits your business’s and family’s needs.
Written by Guest Contributor Sarah Bull
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