Expanding Your Home-Based Business and Moving Into a Bigger Place
Business is booming—and it’s happening right in your own home. The internet has opened up a world of opportunity to people all over the globe, making it easier than ever to work from home.
Should you decide to expand, however, you may need to find a bigger place, especially if your current home doesn’t have a dedicated place for you and your business. Below are a few helpful tips from TC Productions for moving a profitable home-based business.
Before You Begin
If you’ve yet to start your business, you’ll need to think about operating licenses, permits, business insurance, and state taxes. Also, consider the legal structure under which you’ll operate. There are two typical choices: operating as an LLC (limited liability company) or a sole proprietorship. Also consider registering a business name for your company with a “doing business as” (DBA) name. This is an alternate name under which your company can transact business.
Once you’ve got your EIN (Employer Identification Number), invest in some quality accounting software so you keep your books on track. Choose an accounting system that will allow you to generate invoices, track your inventory, and provide the necessary tax documentation.
Buy a Home You Can Adapt
If you’re looking for a bigger home, consider how much space you need. Your new home should be large enough to house all the equipment, supplies, and furniture you’ll need for your business. You may also need a formal office space and extra space for any employees or freelancers you may hire. To make sure your new space has room to house any products you produce, Extra Space Storage suggests taking stock of your inventory and determining how much space you need.
Real Estate Agent
For help in the home buying process, you should talk to a real estate agent like. They can tell you which houses are worth looking at.
Finding the Right Location
If you’re taking the leap and looking for a bigger home, there are a few factors to consider when picking the right location.
First, take a look at how customers find you. If your company does most of its business locally, you may want an office near your customers. However, if most of your customers live elsewhere, you can consider a wider area. Be sure to review the prices in different locations for an option that suits your budget.
Also, make sure to look at the overall business climate of the area. Although your business might be doing well, things could quickly change if you start encountering more competition.
Informing Your Customers
Moving your business has the potential to alter your relationship with your customers. When preparing for such a drastic change, one of the best ways to communicate it with your customers is through a video. If you need professional-quality video to engage your customers, contact TC Productions today!
A great way to push this message to your customers is via social media marketing. You can even design banners online to coordinate with your video messaging design. A banner template can be customized with graphics, text, and colors to suit your messaging and business. Then it can be resized for the correct platform and downloaded for use.
Packing for Your Move
Make a list of everything you need to do to move. Make sure it’s realistic—you don’t want to feel rushed or stressed throughout the process. Be sure to coordinate with moving companies early in the process. Having experienced professional help will make the process much smoother. It can help to use labels and markers to make everything easier to identify when unpacking.
Moving Into Your New Home
Once you’ve found your ideal location, it’s time to hire movers. If you move on your own, you can save money by moving a few small items yourself. But you’ll want to hire professional movers for larger items, such as desks and filing cabinets.
It’s a Breeze
Starting a home-based business and moving into a bigger place doesn’t have to be stressful. In fact, with the right preparation, it can be a breeze.