Top 3 Tips for Starting a New Business in a New Home | Guest Post from Sharon, Seniorfriendly.info
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Starting a business is already quite an undertaking. However, if your current home is not up to the task of accommodating your needs, you may want to consider moving into a new home that can help facilitate your new endeavors. Today, Weezle has some great tips that will point you in the right direction.
1. Know What You Want
When it comes to doing work out of your home, there are several key tools and concepts to remember. For one, you’ll need a good chair, great lighting, and maybe even a standing desk to promote movement and blood flow.
As far as spatial concerns go, you want to make sure your office is a dedicated space where you can go to work and keep distractions at a minimum. Investing time and money into designing a particular office space can help you improve productivity and doesn’t interfere with your life outside of work — in other words, it can help you mentally separate your “work” and “home” life, even when the two take place in the same house. As a bonus, you may be able to claim a tax deduction.
2. Form an LLC
Starting a small business might sound intimidating from a paperwork standpoint, but if you consider forming a limited liability corporation, you can skip most of that. In fact, forming an LLC online by yourself can cut down on paperwork, help you avoid lawyer fees, and provide several tax advantages. It can also offer credibility to your customers when they see that you have gone through the process of declaring your business an LLC. Just make sure to check the regulations in your area, as they vary on a state-by-state basis.
3. Do Your Research
Let’s be honest: nobody likes homework. However, just as doing your homework is a requirement for getting a good grade, doing your research is crucial when house-hunting. Before jumping right into your search, though, make sure you are familiar with the home-buying process. Research the cost of homes in your area, as well as check out the school district and speak with a trusted advisor about how much money you need to save for a down payment. You also should consider how you are going to tackle selling your own home, and how fast you want that to happen.
In order to save money and time, you may even consider buying a home as-is, which means the seller won’t be making repairs or offering a credit toward the purchase. If you consider buying a home in this manner, first consult with a lawyer, get a credible inspection, and check property records for anything suspicious.
Searching for a home and starting a small business at the same time doesn’t have to be a stressful affair. Just make sure to do your research on all aspects of both processes so you’re not surprised by anything down the line.