A Guide to Finding Your New Home and Launching Your Home Business
There’s nothing like a fresh start. While moving into a new home and starting a business at the same time might seem tough to manage, it can also be a unique opportunity to begin anew on multiple fronts. Check out this guide (presented by Roanoke Moving) to simultaneously move and starting a successful home business.
1. Get Your Finances in Order
Before you can start looking for homes in earnest, you need to determine how much you can afford. Using an online mortgage affordability calculator, figure out how much mortgage you are able to handle with your current finances. Next, begin applying for a preapproval from lenders to see how much banks will be willing to loan you. With both of these numbers in hand, you’re ready to start looking for a new home that will fit within your budget.
2. Find a Home Built for Your Business
As you know you’re going to be launching your entrepreneurial endeavor, you need to ensure your new place is able to handle the needs of your home business. At the minimum, that means finding a home that has the square footage you’ll need to handle your home office, inventory and workshop requirements. Depending on the kind of business you have, you may have other needs.
If you are planning on meeting with clients in your home, you’ll need to have a space that can accommodate those meetings. You may also want to have a more critical eye when buying your home if you know clients are going to be coming to you; you don’t want them to have to drive through a run-down neighborhood and make a bad impression. If you rely heavily on the internet, be sure that any homes you look at are in an area that has quality high-speed internet available.
3. Prepare for Business Ownership
Tricks to running a successful home-based business can vary by industry and setup, but some principles apply across the board. Your products or services must be high-quality and satisfy a need, and you must be able to reach those in your target market. According to Growth Force, cash flow is the reason most businesses fail, with one study determining 82% of failures are due to money mismanagement, so prioritizing your accounting is a must. You may want to invest in freelance professionals who can help set your business up for success in marketing and accounting.
Consider going back to school to pursue your MBA if you don’t have a strong business background. There are many aspects of running a business that are only learned through study or trial by fire, and the latter can lead to businesses failing before they ever get the chance to learn all they need to know. Business classes can help you understand how to efficiently run operations, manage money, market effectively, and more. Online degree programs make it easy to attend and complete your degree from anywhere at any time, even when you’re in the middle of a move.
4. Hire Movers
Starting a business is enough stress; don’t make it worse by trying to manage the move on your own. Hire a moving company like Roanoke Moving that can help you plan your move and make your transition into your new home a smooth one. While they get your belongings from A to B, you can spend your time and energy planning your business launch.
Don't let the changes on the horizon overwhelm you. Set your home business up for success today and the future will be brighter than you can imagine.
For more information about moving, please check our frequently ask questions here.
1. Get Your Finances in Order
Before you can start looking for homes in earnest, you need to determine how much you can afford. Using an online mortgage affordability calculator, figure out how much mortgage you are able to handle with your current finances. Next, begin applying for a preapproval from lenders to see how much banks will be willing to loan you. With both of these numbers in hand, you’re ready to start looking for a new home that will fit within your budget.
2. Find a Home Built for Your Business
As you know you’re going to be launching your entrepreneurial endeavor, you need to ensure your new place is able to handle the needs of your home business. At the minimum, that means finding a home that has the square footage you’ll need to handle your home office, inventory and workshop requirements. Depending on the kind of business you have, you may have other needs.
If you are planning on meeting with clients in your home, you’ll need to have a space that can accommodate those meetings. You may also want to have a more critical eye when buying your home if you know clients are going to be coming to you; you don’t want them to have to drive through a run-down neighborhood and make a bad impression. If you rely heavily on the internet, be sure that any homes you look at are in an area that has quality high-speed internet available.
3. Prepare for Business Ownership
Tricks to running a successful home-based business can vary by industry and setup, but some principles apply across the board. Your products or services must be high-quality and satisfy a need, and you must be able to reach those in your target market. According to Growth Force, cash flow is the reason most businesses fail, with one study determining 82% of failures are due to money mismanagement, so prioritizing your accounting is a must. You may want to invest in freelance professionals who can help set your business up for success in marketing and accounting.
Consider going back to school to pursue your MBA if you don’t have a strong business background. There are many aspects of running a business that are only learned through study or trial by fire, and the latter can lead to businesses failing before they ever get the chance to learn all they need to know. Business classes can help you understand how to efficiently run operations, manage money, market effectively, and more. Online degree programs make it easy to attend and complete your degree from anywhere at any time, even when you’re in the middle of a move.
4. Hire Movers
Starting a business is enough stress; don’t make it worse by trying to manage the move on your own. Hire a moving company like Roanoke Moving that can help you plan your move and make your transition into your new home a smooth one. While they get your belongings from A to B, you can spend your time and energy planning your business launch.
Don't let the changes on the horizon overwhelm you. Set your home business up for success today and the future will be brighter than you can imagine.
For more information about moving, please check our frequently ask questions here.
