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

07.02.21 by

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

Setting Up Your New Business While You're Moving
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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!

How to Manage Moving for a Home-Based Business

01.04.21 by
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How to Manage Moving for a Home-Based Business

Do you have plans to start a home-based business? Are you ready to move forward and know that means you need a new house? If your current place does not have the ideal setup, moving is often the best bet for making your dream a reality. Yet this can be a challenging proposition when you’re also trying to build a business. Make your journey easier, starting with these tips courtesy of Stuart Florida Real Estate:

Choose a Great Space

Moving into a new place begins with a smart housing search. List the essential elements you need to run your organization efficiently and note how much space you require for your specific operation. This process helps you refine your new house requirements, giving your realtor the information needed to find the right place for you.

In addition to a quiet workspace separate from your household distractions, consider other possible needs as well:

  • Will you need storage space for supplies?
  • Does your operation require a workshop area?
  • Do you have large equipment?
  • Will customers visit your home office?
  • Would an expanded driveway help with receiving customers and deliveries?
  • Do you need a conference area or waiting room?

Having a clear plan for your business and its expansion will help speed up the home-buying process. You’ll be able to look at homes with an eye towards design possibilities that mesh with your ideas. Purchasing a new property that fits your vision helps ensure your business growth and your work-life balance goals.

Know the Laws Regarding Your Home-Based Company

As the Houston Chronicle explains, it’s important to learn about the local zoning laws in the South Florida neighborhoods you are considering for your new home. Some residential areas have restrictions on home-based operations to protect residents from things like excessive traffic and noise. Find out if there are employee limits, parking regulations or other rules that may inhibit your ability to run your operation smoothly.

Make sure the area of your new house permits your type of business. Various laws concerning specific industries and home-based companies may or may not work for your organization. For example, you may be able to have a home office but not have the ability to meet clients there. You could plan to meet customers at a coffee shop or other public place in this situation, or you may want to look at houses in a different area.

Set Up Your Business Entity

As you change locations and address various legal concerns, it’s an important time to evaluate your legal business structure. Make your organization a legal operation by determining its legal structure. As Business News Daily explains, a limited liability company has many benefits for home-based business owners:

  • Tax advantages result from using your home as your principal place of business.
  • Limited liability benefits you by safeguarding your personal assets. As an LLC owner, only your professional assets are at risk from lawsuits. A sole proprietorship cannot protect your personal belongings from claims.
  • An LLC provides a flexible structure. You can modify the operating agreement as your needs change, giving you more options. Corporate laws dictate management structure and are sometimes challenging for small companies.
  • Forming an LLC is a straightforward process that requires minimal paperwork. You can even use a formation service to help you set it up to avoid expensive lawyer fees.

Each state has different laws regarding an LLC formation, so be sure to research and understand your area’s regulations before moving forward in the process to avoid potential penalties or legal issues in the future.

Rely on Professionals

Your real estate agent is a key player in making this dream a reality, but there are other pros who can help you with this transition, too. For example, a professional organizer can help you configure your best workflow, an architect can assist with major home alterations, and a professional moving company can tackle the grunt work involved with packing, moving and unpacking. Don’t hesitate to turn to those whose expertise is perfectly suited to alleviating your various burdens!

With the proper planning, knowledge and adequate, professional workspace, you can enjoy the many advantages of moving into a property that supports your home-based business. However, the moving part can be tough! Be sure to make thorough plans, address legal concerns, and turn to the professionals that can help you through the process—and that begins with contacting Stuart Florida Real Estate for their insights and expertise into the housing market!

Stuart Real Estate Pro Lends a Hand via Relocation Expertise

06.08.15 by

Stuart Real Estate Pro Lends a Hand via Relocation Expertise

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Remember the good old days, when most people could depend on staying in the same job in the same community for an entire career? Okay; the truth is, I don’t actually remember any time like that—but I do remember watching TV shows about it… The truth is, as with so many other facets of 21st Century life, sudden career upheavals that cause a Stuart citizen to undertake an abrupt relocation are fairly common today. And accelerated timing requirements can make the situation more intense.

Even without that added obstacle, familiarity with the ins and outs of practical relocation is one of the most valuable assets you gain access to when selecting an experienced Stuart Realtor®. Especially when a relocation is in your immediate future (even if it’s a future that became apparent without a lot of warning), the reality of having to deal with the mass of details accompanying both moving out and moving in can seem like a huge gray, angry-looking cloud hanging overhead.

Just getting a handle on the details can go far to remove the mystery and dispel anxiety. A short list of the elements that need to be determined and coordinated are:

  1. Professional and school requirements
  2. Transaction imperatives in both communities
  3. Moving and storage details
  4. Utility requirements

Once a timeline is determined and a To Do checklist assembled, it will be possible to stay on top of the process. Most importantly, it will help highlight those details that seem to be falling behind— allowing them to get extra attention. Staying abreast of relocation details is the single most important keys that will lead to a smooth outcome. It’s one of Murphy’s Laws that, come moving day, any detail that has been put off until the last minute is likely to cause foul-ups of one kind or another. For instance, if the electric service wasn’t notified far enough in advance, count on the move taking place on the hottest day of the year. Unpacking cartons and moving furniture around without working air conditioners is a memory best avoided!

Any relocation is a challenge that requires a welter of decisions in areas that fall outside what people encounter in everyday living. Fortunately, it’s a challenge that your Stuart real estate professional encounters regularly. Help with practical relocation to (or from) Stuart is just one of the areas of practical expertise that is yours to tap into when you put an experienced Realtor on your team.

The days when most Americans expected to stay in the same community for a lifetime may be fading from memory, but being able to rely on your Stuart real estate professional to help master some of the most challenging upshots is still here. They may say that nostalgia isn’t what it used to be, but that shouldn’t stop you from giving me a call, anytime!

 

Begin Packing Yesterday

10.10.09 by
Getting ready for a big move? You can’t begin preparing too soon, because the average move takes over 200 hours! Count on your real estate representative to provide advice and guidance during this seemingly monumental task.

Your first decision is whether to hire a moving company or rent a moving van and ask friends and family for help. If you’re using the pros, solicit quotes from several local companies who can visit your home and offer an accurate quote.

Next, begin sorting piles of items you’ll want to sell in yard sales, donate to charities, or haul to the landfill. This is a great opportunity to give back to the community and make a few bucks on the pieces you’ll sell. Anything you eliminate now will lower moving costs later.

DO create an inventory of your belongings, in case you need to file an insurance claim for lost or damaged goods. Allow the professionals to do your packing because if you don’t, those items that you wrap and pack won’t be covered by the mover’s insurance policy.

Finally, invest in additional insurance with the movers and storage facility, if needed. It only costs about $10 for every $1,000 in high-value items, so it’s worth it for your peace of mind. Ask your agent for more details to make your move as stress-free as possible.

If you need information to help you solve a real estate puzzle, visit our website or call us at (772) 888-2885.