Launching a Business While Moving Into a New Place
If you’re planning on moving while simultaneously launching your new business, you may be wondering how to make both endeavors as successful and stress-free as possible.
So read on for advice on relocating and starting a new venture:
Buy a New Home…
Running your business from your house has great benefits in terms of time and money saved.
What you don’t spend on office space rental can be reinvested into your company; and when you don’t have to commute, you can dedicate more of your time to managing your operations, developing new products, and building relationships with clients. When you go shopping for a house, look for a home where you can set up your workspace in a dedicated area.
Whether you put down your desk in a spare bedroom, in a corner of the den, or in the attic, make sure you’ll have plenty of natural light to keep you energized and productive. And plan your move well in advance, keeping your office equipment and supplies separate from the rest of your household belongings so that you can hit the ground running as you step into your new house.
… or Rent an Apartment
Both homeowners and renters can deduct their home office expenses from their taxes as long as it is their principal place of business. But renting your home instead of buying a property will offer you more flexibility when it’s time for you to move into a bigger space or if you find a neighborhood more suitable for your company later on down the line.
Start by figuring out how many bedrooms and bathrooms you’ll need for you and your family to be comfortable in your new location.
Go online and search for apartment rentals, using the filter function to narrow down your choices and find the perfect spot. Look for amenities in the area you’re planning on moving into: having a park or a fitness center nearby that you can visit during your breaks will help keep you in shape and mentally motivated.
Start an LLC…
When you’ve found a great location to live and work, and you’re ready to launch your small venture, start considering your business structure options. Look into forming a limited liability company.
Using an LLC formation service will be a lot cheaper than hiring a lawyer, and you can compare services online to see which one best suits your needs. Some useful features include business alerts to remind you of due dates for filings, automatic calculations of tax deductions, and a help desk available 24/7.
… and Advertise Your Business.
Online marketing has become a necessity for new businesses, no matter their sector or industry.
And for your new venture to get noticed, you will need to create and post content that appeals to your target market, as well as come up with a strong brand identity to set yourself apart from your competition.
If you know your way around graphic design, video, and social media, you may be able to create and launch your own online campaign.
But if you’d rather have professionals do it for you so you can focus on running your company, a video production agency will come up with a visual branding strategy that will put your business on the map.
Whatever motivates your move – a bigger place for your business to flourish or a better location for work-life balance – renting a house or apartment will allow you to enjoy the space you need without the commitment of owning your own home, and once you’re unpacked, set your business up for success with awesome advertising!
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