How to Juggle Setting Up Your New Business While You’re Moving

How to Juggle Setting Up Your New Business While You’re Moving

You have a great idea and you’re ready to turn that idea into a thriving home-based business. However, your current living situation isn’t going to provide the right environment for a business start-up. Now you need to find a new home, while also getting your new business off the ground. This guide from Stuart Florida Real Estate can help you get started.

Write Your Business Plan

The sooner your business is bringing in income, the better, so establishing it properly is a must. Thankfully, there are many aspects of starting a new business that you can begin while you are looking for your new home.

One is to write your business plan. This is a road map to follow for starting your business, helping you flesh out your ideas and keep you on track as you work your way through the process. Additionally, you must have a solid business plan to show lenders when it is time to get financing.

Keep Career Development Practical

You’re moving while starting a new business, so you’re clearly a go-getter. Many people get their feet wet with a startup, only to realize they fall short in some way; maybe they need to build business skills or advance their industry knowledge. If you offer IT services, for example, you might come to the conclusion you need additional certifications to draw the clientele you’re targeting. Thankfully, you can find online master’s programs that allow you to earn top industry certifications at no extra cost. You can set your own pace, too, which means being able to keep earning an income while you’re also adding to your résumé.

Choose Your Business Structure

Sole proprietorships are easy to set up, but as BizFluent notes, structuring your business this way can expose your personal assets to liability risks. Forming a limited liability company protects your personal assets, avoids double-taxation, is easier to run than a corporation and separates your business finances from your personal finances.

Set a Budget

Before you start looking at houses that fit your business needs, determine how much you can afford to spend. Your budget needs to include both the price of buying a home and the price of outfitting that home with everything you need for your business. Keep in mind that you might be able to source seed funds for your new venture, which Lighter Capital points out is a great way to reduce your financial burden.

Prepare Your Shopping List

Now that you have your business plan and budget mapped out, it’s time to do some brainstorming. Develop information to determine what qualities constitute your ideal home for your family and business.

For instance, if you are selling physical products, you need space for storage and shipping. Businesses that involve producing physical inventory may require a garage or workshop area; either of these options could also provide separation from your personal space and a dedicated entrance. If customers or vendors will be coming to your business, it is better to have a place to greet them that is separate from your living area, as well as separate from your production area.

Choose to Delegate

With your shopping list in hand, it’s time to start enlisting professional services relative to your move. First off, this will include your real estate agent. Hand your checklist of dream home qualities to your agent so they can scour the market for the best matches. Then when the right property comes along, you can grab it quickly.

Rather than letting your move disrupt your budding business, consider connecting with a professional organizer. LifeStorage notes these professionals can help you with sorting out your workflow in a manner that allows you to stay productive during the move.

And last but far from least, a full-service moving company can take on the boxing up of everything you and your organizer determine can be set aside until after the move, as well as loading the van, unloading it and setting things up when you reach your destination.

Moving and starting a business at the same time may seem like an overwhelming challenge. However, you can reach your goals by breaking the process into manageable steps.

For more information on the real estate market in and around Stuart, Florida, visit Stuart Florida Real Estate today!