Start a New Business, Buy a New Home: A Guide
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Are you thinking of starting a business from your home? There are several things you need to take into consideration, but one of the most important is whether or not you have the right space at home to accommodate your burgeoning project. Let’s go through some essentials and take a look at what you need for your new home-based business:
Do you have the right tools?
The success of new businesses depends on having the proper instruments to get the job done. There are 30.7 million small businesses in the U.S., which means you will have plenty of competition, no matter what field you choose. But you’re in good company — more than 50 percent of those are based out of homes. They figured out how to make it work; so can you!
One of the first things you should know about working at home: You should have dedicated space for your business. This allows you to separate your home life from work, mentally speaking. Your office space should also have the right tools for the job — and that doesn’t just mean pen and paper (or a computer). A comfortable, ergonomic chair is key since you’ll be spending the majority of your time here. Also, keep your to-do list front and center, either on your desk or on a board on the wall.
Another tool that you can use to help your business succeed: your mind! It could be ideal to supplement your business launch by earning a master’s degree on the side — especially one you can do at your own pace. Earning a master’s of science degree in data analytics, for instance, can provide a good foundation for you as your business grows, especially if you’re breaking into the IT consultancy field.
Find the perfect home for your ideal office
As your business grows, you will need space to accommodate it — no matter what kind of work you’re doing. If the space in your current home won’t effectively fit both your life and your business, it might be time to move.
Before starting your home search, write a list of what you want. Try to base the list on what you think will allow you to be the most successful. For instance, if you know you are more productive in the morning, buy a house with a windowed room that faces east, so you can catch the morning light. You also want to ensure the room has enough space for storage, and places to hang shelves.
Working with Stacey Glenn can take the stress out of searching for your new home. Realtors can schedule home inspections, work with lenders, and — the most important part — actually find your new home for you because they know the Florida housing market.
Quick tip 1:
Do your research! Learn what the price ranges are in the area, and make sure your budget can accommodate them. The average cost of a home in the Fort Myers, Florida, area is $320,000, and the average time spent on the market is around 90 days — so you need to have a reliable advisor on your side to help you dissect the market trends and find a match.
Quick tip 2:
Before starting your search for the perfect home from which to run your new business, make sure to check with your accountant to determine your ability to afford a new house now or in the future. You can also ask them about how to get a tax deduction for home office expenses — something you may qualify for as a home-based small-business owner.
Launch away!
Starting your own business is an exciting endeavor, and taking these things into consideration when looking for a new space is integral for that initial success. So are you ready to find the perfect home for your family and business? Reach out to Stacey today. 239-823-1343
Written By: Suzie Wilson