Have you always dreamed of starting your own business? You're in excellent company. According to statistics, more than 60% of entrepreneurs decided to follow their plans of becoming their own boss.
Many business owners run their startups from home. It's more practical than ever to do so these days, thanks to technology. However, if you look around your house and wonder where you're going to set up shop, you may need to consider relocating. Here are five steps to moving while you're creating your startup.
Make a Must-Have List
Brainstorm about the essentials before you start house-hunting. Some things to consider are:
- How much space do you need to operate? You can probably get an IT consulting company up and running with a home office. A flower shop, by contrast, requires adequate workspace and refrigerated cabinets.
- Will customers visit you? You may want a separate entrance and a few extra parking spaces.
- Will you maintain inventory? Check into climate-controlled storage options in the basement, garage or spare room.
- Do you have room to grow? Make sure your property will be suitable in five or 10 years.
Shop for a House
Once you assemble your must-have list, you're ready to begin house-hunting. A real estate agent is a great resource. Agents know the local market and have connections; they are usually aware of properties that haven't hit the market.
Depending on your industry, you may need a business license or zoning permit. Local laws may restrict things like:
- Hazardous materials
Consult a lawyer or accountant if you're in doubt. Your real estate agent may have some insight, too.
Try to avoid purchasing a home at the top of your budget and consider setting aside money for unexpected business expenses or home improvements.
You've found a place to call home (and work). Once it's time to pack up and go, you have lots of tasks ahead of you. Hiring a moving service is one way to reduce time, energy, and risk. Webster & Co. Moving can handle the heavy lifting while you focus on starting your company. Declutter your home to make the packing and moving process more manageable.
One of the best ways to start your company on solid footing is by writing a business plan. A plan increases your chances of success by:
- Attracting investors
- Summarizing the resources you need
- Requiring you to plan for the long term
- Outlining your structure
A business plan describes your enterprise and how you will sell your product or service. It also explains your business structure while outlining financial projections and how you plan to fund the company.
Now that you've planned for your company's physical space and written a business plan, have you prepared yourself to run the business? Consider augmenting your company launch by earning a degree. You can take classes on the side as time allows. If you plan to have a consulting or IT business, for example, you can earn your master's degree at your own pace. Your degree can pay off in time.
Does the thought of starting your company while moving seem overwhelming? Use the steps above to break down your to-do list. You can achieve your dream with some planning. Remember to hire professionals when you need them. The investment can relieve some anxiety and help you focus on your new company. Get a quote from Webster & Co. Moving here.
Special shout-out of thanks to Michael Longsdon of Elderfreedom.net for another awesome article for our blog!