Starting a home-based business in your North Carolina home is an accessible way for many aspiring entrepreneurs to break into their chosen industries by using the latest advancements in online business platforms. However, some businesses require more space than others. Maybe you are a busy parent and need a separate home office in order to focus, or perhaps you require a spacious studio to craft or package your items for sale.
You might have to move to a new home in Wake County, North Carolina that is more suitable for both living and working, but relocating while attempting to launch your business can be hectic without an organized checklist to keep you on track. Read on for some pointers from 919 Home Buyers.
Create a Business Plan
Every business should start with a detailed plan that outlines every aspect of the operation. Penn State Extension notes that in writing your business plan, you can also get an idea of the scope of your business and how much you plan to grow and expand in the future. These insights can help inform you about the accommodations you should seek if you plan to move into a new home.
Be sure to describe the overall nature of your enterprise in the business plan, as well as provide details on how you will sell your services. You should also account for any necessary expenses so that you can understand your funding needs.
If you haven’t chosen your business structure yet, now is the time. There are four common structures, and each has pros and cons, so look into each before you choose – many entrepreneurs choose to operate as an LLC due to that structure’s tax advantages and limited liability of assets. And if you’re new to entrepreneurship, you might find it helpful to work with a formation service. They will know exactly what your state requires and will ensure everything gets filed correctly.
Next, you’ll need to start thinking about marketing. These days, advertising via social media is a must, but finding unique ways to spread the word is equally essential. Infographics are a great way to start because of their combination of linguistic brevity and eye-catching images, and there are a number of infographics templates that you can try out for free!
Digitize Your Documents
Keeping your records organized is extremely important when running a business, but also when planning a move. Use online tools to digitize your documents before you begin the relocation process to eliminate the risk of permanently losing crucial files in the move. One way to keep your digital records even more organized is by using a PDF extraction tool. Instead of generating many different files, you can extract related documents into one larger PDF file to ensure that all the records you need are in one place.
Go Back to School
You could also consider going back to school, perhaps for a degree in business. This will give you an edge over the competition, and if you take advantage of the flexibility afforded by online learning platforms in pursuit of an online MBA, you can work toward your degree without having to take too much time away from work, and you’ll also have the benefit of being able to implement what you learn into your own business in real-time.
Contact a Real Estate Agent
The CE Shop recommends working with a real estate agent for their home-buying expertise and valuable market insights that most house hunters do not possess. Your realtor can give you a strong start in the process by helping you understand what your current home is worth, thus helping you create a better-informed budget.
From there, your agent will strive to find the perfect home for your needs. Explain the nature of your work and any features you need your new home to have. When the time comes to seal the deal on the perfect house, your realtor can work to get you the best price possible.
Move With Efficiency
To get your business up and running quickly, you should conduct your move in such a way that you can get to work as soon as possible after settling in the new home. When packing your belongings, label boxes based on rooms or areas of the house, and make sure your “home office” items are among the first you will unload at the destination.
If you are still unsure of what goes into a home office beyond the obvious hardware and internet essentials, remember that comfort and productivity are the priorities. Consider investing in an ergonomic chair or even a standing desk if you want a healthier work day.
Move Forward with a Plan
Starting a business and moving to a new home are both huge hurdles, but ones that lead to exciting opportunities. Create a solid business plan and let it guide the entrepreneurial steps, from choosing a business structure to digitizing your documents. Then, work with a real estate agent to help reduce some of the stress of the home acquisition part. Once you are settled and get your venture off the ground, you can live out your entrepreneurial dream with pride.