Moving while starting a business is sometimes necessary for those who work out of their homes, but it’s almost always a major undertaking that requires strategic planning. If you’ve found that you need more space for both living and working, it’s time to think about the type of house you need, what your budget is, and how you’ll successfully move both your personal belongings and your business to a new location without taking on a ton of stress or leaving your customers in the dark. To make the process as easy as possible, look for helpful resources like WallRule, which provides tips on everything from managing a home to choosing the best tech for your needs.
Here are a few steps you’ll need to follow when it’s time to move both your home and your business:
Create a budget
Setting a budget for the move is essential, and there are several financial details you’ll need to consider during the process, such as:
- Paying off debt to free up some cash
- Boosting your credit score with careful and strategic moves
- Ensuring that you can afford a down payment plus closing/seller’s costs
- Separating your professional and personal finances using different bank accounts and lines of credit
- Ensuring that your current home is maximized for the highest sale price
- Getting pre-approved for a home loan
- Researching moving companies in your area and obtaining quotes
By making sure you have a solid plan for your finances, you can avoid issues down the road and make the entire process less stressful.
Prepare your current home for sale
The reason you’ll need to include maximizing your current home in your budget is that preparing it for sale might involve making some upgrades, repairs, or renovations. Do some research into what buyers are looking for in your area, and find out which changes are the most beneficial to the final sale price, keeping in mind whether you can handle them yourself or if you’ll need a pro. The more you can do to increase your property value, the easier it will be to find a buyer, which will be extremely helpful when it comes to sticking to a timeline.
Write a bullet-proof business plan
Having a great plan for selling your home is essential, but it’s just as important to make sure your business plan is carefully thought-out because this will provide guidelines for all the important steps you’ll need to take as a business owner. From finding proper funding options to figuring out how many employees you’ll need and what type of business structure you’re going to have, the business plan is a crucial aspect of the preparation stage. When you’re ready to look for a loan or attract investors, the business plan will also spell out your goals and show them why they should help you bring your dreams to life. From there, you can start building ideas and working on your plan for spreading the word about your business.
Make the move as organized as possible
Moving, in general, can be a stressful undertaking, but when you’re also trying to get your business up and running, it’s imperative that you stay organized in order to make the process as smooth as possible. You can utilize helpful digital tools that will allow you to stay on top of all of your moving tasks, which include gathering packing supplies, decluttering your home, separating all items related to your business, creating packing lists, and setting up utilities, mail, and other essential services at the new house. It may also help to look at the floor plan of the new place ahead of time and figure out where you’d like the furniture to go, as this will expedite the process on the big day.
Moving and starting a business at the same time can be a major task, so ask for help when you need it and try to stay organized as you sell your home and set up your company. By taking careful steps, you can take control of the move and start your journey as an entrepreneur in no time.
Interested in reading more business tips? Wallrule has you covered.
