Navigate a Thriving Home Business With These Moving Tips

Navigate a Thriving Home Business With These Moving Tips

Growing a home-based business is a bit different than expanding one with an established office or storefront, as it requires outside-the-box thinking when it comes to networking, marketing, and customer retention. If you’ve come to the point in your entrepreneurial career where you’re ready to upsize your home to accommodate your growing business, congratulations! This is an exciting time that needs to be carefully navigated in order to keep your customers happy while giving yourself a workspace that fits your needs. When you’re ready to search for a property, take a look at the listings at Realty Navigator, which services several areas and offers a variety of resources for homebuyers.

Take these tips into account during the upsizing process:

Your new home should be compatible with your business

The location, size, and layout of your new home should be compatible with your business needs, so it’s essential to start the process of upsizing by figuring out exactly what those needs are. Your business is growing, which means you might require new employees, a bigger workspace, an area to store inventory or prepare items for shipment, or more investors. The latter may require an entity change, such as moving to an S Corp from an LLC; read up on the rules for formation to see which type of entity works best for you. 

You’ll also need to consider a few financial details, especially if this will be your first mortgage. Once you know exactly what your needs are, you can put together a profile that will help you narrow down the options during the home search.

Keep your business secure during the move

Once you’ve found the perfect location, it’s imperative that you create a plan for keeping things running smoothly throughout the process. Ensuring that your customers are happy and taken care of will be a priority, so it may be necessary to assign specific customer service tasks to some of your employees or utilize software that will allow you to manage everything from one place. Prepare your employees as much as possible for the move and give them the tools they need to maintain communication so that nothing gets overlooked. If you manage most of the business tasks yourself, take some time to get organized by creating timelines, integrating information, and utilizing data analytics to stay on top of your business’s flow.

Improve your business skills with a degree

As you take steps to grow your business in your new home, it might be helpful to improve your skills as an entrepreneur. Earning a degree in business, accounting, management, or communications will allow you to learn more about the details involved in scaling a business, which will boost your confidence as you move into a bigger home and focus on expanding into a bigger market. These days, there are many online degree programs available, so you can work on your degree from home while still managing your business; here’s a good option that will allow you to build on your experience on your own time.

Protect your new home with the right warranty

Now that you’ve found the perfect property for both living and working, you’ll want to ensure that everything in it is protected. The last thing you want to do is worry about electrical repairs or an HVAC breakdown while you’re trying to get your business up and running from the new location, and a home warranty will cover those systems and more when homeowner’s insurance won’t. This annual, renewable contract even covers appliance repairs, so you’ll have peace of mind when it comes to expensive fixes around the house.

Upsizing your home in order to accommodate your growing business is a big job, but by protecting yourself with the right home warranty and going back to school to expand your business experience, you can gain confidence and make the process as smooth as possible.

Ready to get started with the home search? Contact Petra Quinn and the team today.

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