You have a great new business idea. The problem is, your current home doesn’t have the space you need. But you really don’t want to wait until you find a new home to bring your company to life. It’s a conundrum. Or is it? Fortunately, there are ways you can juggle your home life by starting a new business and finding a place suitable for you and your family. The Dallas Ft Worth Veterans Chamber of Commerce shows you how.
How to Prepare for a Move While Starting a Business
Here is an ultimate guide on how to prepare for a move while starting a business in the Texas United States.
Analyze Your Current Living Situation
If you want to start a business, you have to look at your home. Is there room for you to work? Can you fit a functional home office in your current living space? Although you can manage a corner-of-the-room office or even a dinner table office for a while, a new business will require a lot more dedicated office space. It’s also important to look towards the future of your business. Will you need storage space for product? Will you want to meet with clients in your office? Your answers to these questions will help you to decide if you need to upsize. It’s important that your family will feel comfortable living their lives in the space while you also feel at ease working.
Once you decide on your next step, you must figure out how to make the move. If you have business obligations, hiring movers to help with packing and unloading makes sense. Look online for “moving services near me” and find one with good reviews. It’s important to think about the services you want included. For instance, do you want help packing or do you simply want them to load and unload your belongings? Look for reviews that address these specific services, and ask about them when you call to schedule an on site quote. Don’t accept a quote over the phone or you might be surprised with up charges once the movers see your belongings.
Give Your Business a Head Start
To start your business, write out a business plan. Your business plan is a blueprint that tells you how to run the company. It includes your executive statement, your plans to obtain funding, and why you think your business can succeed. If you are a veteran, look into incentives and programs to help get your business started. Be sure to add those funding or training options into your business plan.
Once you have a plan, you’ll need to choose a business structure. Your company is a legal entity that can own property, pay taxes and maintain bank accounts. LLCs, sole proprietorships, and general partnerships are three typical structures to choose from. Choosing a business structure requires considering the type of liability you want and the tax advantages you may want to take advantage of.
Once you have your business established, it’s time to market your product or services. You need an eye-catching website and social media profiles to drive as much traffic as possible to your site. A banner can be a helpful tool that you can apply across many digital marketing platforms. You can also design a Facebook ad using an easy and free online tool. Choose a template that fits your business and then personalize it with text, fonts, and your brand colors. Also, you can add animation and video.
Begin the House Hunt
Before you can determine where you want to live, check prices. When house hunting, crunch numbers often. Look at your revenue streams, investments, and other earnings. Once you know how much money comes in, calculate all of your expenses. Experts suggest you do not spend more than 28% of your income on living expenses.
As you look for houses, try to choose one that will not take a lot of work. You do not want to spend a lot of your downtime working on a house when you already have a business to take care of. You want a property in good condition that allows you to work during the day and relax with your family in the evening. If you need to meet with clients in your office, you might want a house with a second entrance.
If you’re a veteran, look into home buying programs specifically for service members. There are several ways that you can save money and simplify the home buying process.
When you have a great business idea, you simply have to act on it. You don’t have to wait for the perfect home, but you’ll want to start your house hunt soon so that you and your family don’t get frustrated balancing work and personal life in a small space. It may take a little juggling, but the effort will be worth it in the end.
The Dallas Ft Worth Veterans Chamber of Commerce supports our service members in many ways. If you are a veteran and now an entrepreneur, register your business through the Chamber for exposure and training opportunities. Visit our website to learn more.
All the best