Tips for Juggling a Move and Launching a Business Simultaneously
If you’ve always wanted to run your own home-based business, there’s no better time to start than the present! But what if your home is too small? Whether you need more space for producing products, storing supplies, meeting with clients, or simply working without the distractions of household life, moving to a new home in The Hamptons could be just the push you need to launch your venture.
Of course, launching a business and moving at the same time is no simple feat! Both of these tasks will demand an incredible amount of time and attention. To make things easier, start by hiring real estate agent Sonia Munwes Cohen who can help streamline your house-hunting process. Here are some other things to consider as you prepare for your big move!
Lay the Groundwork for Your Business
First, set yourself up for success in your future business. Building a strong foundation now will ensure your business has the freedom to thrive and grow, unhindered by regulatory limitations, fines, and penalties.
Registering your business in your state is an important first step. Keep in mind that you will have to choose a business structure when you register, so make sure you understand your options. Many small business owners choose to form an LLC to avoid personal liability and gain tax advantages without locking their business into the strict requirements involved in operating a corporation. If this sounds right for you, look into the regulations around forming an LLC in your state so you know what to expect before filing. Instead of hiring an expensive attorney, you can leave LLC registration to a formation service such as ZenBusiness.
Some other initial steps to take for your small business include getting insurance, acquiring funding, and obtaining the appropriate licenses and permits that will enable you to operate legally. Licensing, zoning, and permit requirements vary from neighborhood to neighborhood, so check with your local Small Business Administration (SBA) to determine which requirements apply to you. Take some time to check all the boxes and start your business the right way!
Tackle Your Home Buying Prerequisites
This is also the time to lay the groundwork for your home buying process. Tackling a few home buying prerequisites will help you enjoy a fast and easy sale so you can move on with the launch of your business as soon as possible. Start by checking your credit score and debt-to-income ratio and making any necessary adjustments that will help you appeal to your moneylender. Next, seek mortgage preapproval so you have a solid idea of your home buying budget. There’s no reason to waste your time looking at homes that are out of reach!
Once you’ve handled your financial prerequisites, start researching homes for sale that will accommodate both your business and your personal life. Keep an eye out for the key features you need to operate your business smoothly. For example, if you will be providing services to clients on your property, a mother-in-law suite or backyard office might be just what you need!
Plan for a Hassle-Free Move
Planning ahead will also help when it comes to your move. As soon as you know your moving date, book a professional moving company who can handle everything for you. If you have pets, hire a pet sitter to take them away from the moving day action. This is also a good opportunity to organize the transfer of your utilities. In the weeks and months leading up to your move, start decluttering your possessions and packing your stuff whenever you have a few free moments here and there. Tackling your moving checklist early will leave more time for you to focus on the launch of your business!
Juggling the demands of home buying, moving, and getting a business ready for launch will take a lot of time and energy. But once everything is set up, you will finally get to reap the rewards of your hard work! Do what you can to keep the process as simple and stress-free as possible.
If you’re looking for a real estate agent who can help you track down a suitable home, contact Sonia Munwes Cohen! Call (847) 433-5400.