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So you have a great idea for a small business, and you’re ready to get started. But wouldn’t it be nice if you could live in a house that accommodates both family life and work life? Upsizing your home may be the way to go when it comes to growing a company and achieving work-life balance, so here are five strategies from Realtor Carey Scott to help you reach your goals.
Get Pre-Approved for a Home Loan
Before you start the buying process, most realtors recommend getting pre-approved for a home loan. That will tell you how much house you can afford and prevent you from falling in love with your dream home, only to find out that it’s way out of your price range.
You can then focus your search on houses that match your criteria and your budget in the neighborhoods you’re interested in. Additionally, having a pre-approval in hand will allow you to make an offer faster once you’ve found the house you want, and the seller is less likely to turn down said offer since you’ll be seen as a serious buyer who’s done their homework.
Once you have been pre-approved, contact Realtor Carey Scott to get started looking for the perfect home for your upsize!
Research the Neighborhood
What kind of business are you about to start? If you’ll be offering services over the internet, all you really need is a place that offers fast and reliable Wi-Fi and where power outages don’t happen frequently. So if you want to lower your family’s cost of living but still have plenty of space for everyone, look at smaller towns with adequate services and amenities but a lower housing price tag than big cities.
But if you’re planning on receiving clients at your home office, having supplies and equipment delivered regularly, or hiring employees who will work on the premises, consider the parking situation in front of the property, how easy it is to find for visitors, and research noise ordinances and zoning laws before you settle on a particular home.
Plan Your Office Space
If you’re going to be spending a lot of time working on your new business, you may as well be comfortable doing it! When picking a room in your new home to set up your workspace, go over your day and think about the different tasks you’ll be accomplishing.
What kind of lighting will it require for you to be productive? Could you benefit from natural light provided by large windows with an unobstructed view of the outdoors? How about a separate entrance, not shared with the rest of the house, so that clients can enjoy privacy as they come into your office? Make sure you take all that and more into consideration and look for a home with that specific layout in mind.
Start an LLC in Your State
An LLC is one of the preferred business structures for solopreneurs as it provides personal asset protection and offers great tax advantages. But every state has its own rules and requirements for small business owners looking to form a limited liability company. So if you’re moving to a different state, make sure you’re compliant by hiring a lawyer or using an online formation service to register your business and help you with fees, filings, and deadlines.
Create a Professional Website
Businesses of any size need to have an online presence in order to stay competitive and attract new clients. So make sure to design a professional website for your new company, and optimize it for search engines by using specific keywords on your home page, anchor text, and in header tags, title tags, and metatags. And when adding photos of your products, make sure you choose the right file format and size to improve page loading speed and overall site performance.
Become a Business Pro with an MBA
Getting an online MBA is a great way to take your business to the next level. It can help you acquire the business management skills you need to optimize operations, increase revenue, and grow your business. An MBA program offers a comprehensive education in areas such as finance, marketing, human resources, and leadership that can be applied to real-world business problems.
Furthermore, the flexibility of an online MBA program helps by streamlining, well, everything so you can balance your studies with your professional and personal responsibilities, making it an ideal option for busy entrepreneurs.
Find the Right Home for Your Work/Life Balance
Upsize your home and launch your business in confidence. Research your new neighborhood to ensure it will accommodate all your needs, design a home office, choose a business structure, and create an attractive and functional website. And work with a seasoned realtor to find the gem you’re looking for.
Prestige Property Brokers