5 Tips for a Peaceful Move When Starting a Business
Perhaps you dream of turning your delicious baked goods into a profitable business, but your kitchen is not big enough. Maybe you create fabulous designs on coffee mugs, picture frames and other household items but your home does not have room to hold your tools and equipment.
If the space in your house is not accommodating your personal and professional goals, it is time to find something new. If you are moving while launching a home-based business, Emil Ratti with New Jersey Real Estate presents five tips that can help the process go smoothly.
1. Research Real Estate Agents
Your real estate agent is both your partner and the person who goes to bat for you during the home-buying process. You need someone who is personable, hard-working, knowledgeable and experienced in the real estate business.
While you may have a relative or friend who handles residential real estate, do not assume he or she is the best person for the job. Though it seems easier working with someone you know, he or she might now have the experience and skills needed to find or negotiate the best deals.
Research agents in your area before committing to one; talk to friends and family members to see if they have recommendations. Your mortgage company might also suggest some agents they work with frequently. You can also consider working with Emil Ratti with New Jersey Real Estate.
2. Hire Movers
Whether your personal life is busy or quiet, your time is extremely valuable when starting a business. One of the best investments during the moving process is hiring movers. Doing so saves time and prevents you from injuring yourself by lifting heavy boxes and furniture. Some moving companies even assist with the packing process as well.
As with real estate agents, do your research and get quotes before hiring a moving company. Additionally, take pictures of your furniture and boxes before they leave your house. Even companies with excellent reputations can damage items. Pictures serve as proof of how your stuff looked before being moved.
3. Develop a Business Plan
While some aspects of your company can be placed on hold during your move, forming a business plan is not one of them. Writing a business plan makes you think through important decisions before you have to make them in real time. It becomes a crucial plan for your business’s success, so don’t put it off.
Business plans are outlines of a company's setup and goals. Your plan should describe your company, how the business will be structured, how you will sell services or goods, financial projections and required funding. Once your business grows and changes, you can update your plan as needed to align with your new structure and goals.
If running a business is new for you, consider going back to school for something business related, like an MBA. You will learn everything you need to know about starting your business in the pursuit of an MBA degree. And with many online programs, you can take classes while putting together your new business.
4. Utilize Online Resources
Online tools are a fantastic way to organize, manage and store vital documents for your company. Digitizing records is especially valuable for an entrepreneur who is launching a business and moving at the same time. It creates a single place to store valuable documents, so you do not have to worry about them getting lost.
5. Register Your Business as an LLC
LLCs allow owners to have personal liability protection that keeps their assets and finances secure from any debts or court orders incurred by the business. Furthermore, this type of corporation also offers tax savings such as not having to file two separate sets of income taxes (personal and company), plain compliance regulations, and other features that make running a business more efficient for proprietors. The easiest way to form an LLC is to work with a formation service. Be sure to read online comments first to make sure that you choose a well-reviewed company.
Pursue Your Business in a New Place
Whether your professional goals include baking fluffy cupcakes with swirls of chocolate frosting, designing the best household decor or something in between, your house needs to be an asset when you are both on and off the clock. Find an experienced realtor and movers, write a business plan, utilize online tools, and consider forming an LLC to keep your new company on track and keep your sanity while moving.
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