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No matter your lifestyle, your house needs to support both your professional and personal habits. If your home is not getting the job done, it is time to find one that does. While finding a new place to live can be exciting, it can also be stressful, especially if you are starting a home-based business at the same time. If this describes you, following these four steps from Julian Lane of TheFixItChamp.com can help you find the perfect new home while keeping your growing company on track.
1. Know Your Budget and Home Requirements
Before you schedule tours with your real estate agent, sit down and figure out your budget and the must-have list for the new residence. Without completing these steps first, you waste valuable time looking at homes you cannot buy when you could be working on your business.
Base your budget off your current income; do not include any supplemental income you hope to make once your company launches. Make two lists: what your new home must have and what would be nice to have. Maybe you would like a pool, but you must have a home office space to work from. Take time to evaluate what you truly need and what would be nice but can do without.
2. Delegate Moving Tasks
It takes hours of time preparing to move, transporting your stuff, and then unloading and rearranging everything when you get to your new home. Dedicate more time to your business by delegating as many moving tasks as possible.
Many moving companies also offer packing services. Search online to find a business that offers both services, and hire them to pack your home and move everything to the new residence. Once everything is unloaded, a home organizer can help you unpack everything and get your belongings situated in a neat and orderly fashion.
3. Track Utilities
Keep records of everything you spend on utilities in your new home. As a home-based business, you can write off a portion of certain costs when filing taxes. This includes internet, electricity, HOA fees, and pest control. Once your business is up and running, track your monthly spending as you can write off a portion of these costs as well.
4. Focus on a Business Plan
One part of your company you do not want falling to the wayside is a business plan. According to one report, businesses that plan advance 30% faster than those who skip this step. No matter how busy your move gets, carve out time to complete your business plan.
This includes factors such as market research, services, products, and financial costs and projections. Another element is determining how your business will be structured. For example, a popular setup for small businesses is a limited liability company. As an LLC, your company is privy to numerous benefits, such as increased flexibility, limited liability, less paperwork, and tax advantages. The regulations around forming an LLC vary by state, so research your state's rules before moving ahead. You can also save money by filing yourself or using an LLC formation service instead of paying expensive lawyer fees.
Once your business is up and running, use free tools to help save money during the early days. You can design a Facebook ad online, for example, with a free design tool. Starting from a template, you can customize the features with your choice of colors, text, and graphics. Once complete, you can download it to use in your targeted Facebook ads.
Moving to a new home and becoming a business owner are both exhilarating transitions but not without frustrations. Following these tips saves time and helps both changes go smoothly.
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