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As you start your business, you may discover, perhaps to your dismay, that your current home simply doesn't meet your needs for both living and working. To resolve that problem, you may decide you need to move to a new home that's better suited for your current activities. If this is your situation, you've just set yourself up for the double challenge of starting a business and moving at the same time. This can feel overwhelming, but with some planning and by using a few of the tips and tricks below, you can smooth out the process and maintain your sanity.
Selling Your HomeIf you've decided to sell your home, your first step is to research home prices in your area, so you have a good idea of how much you can expect to profit from the sale and reinvest in a new home. Many online real estate sites allow you to search for recent sales in your area.
Next, talk to real estate professionals such as Bryan Lincoln Real Estate who can guide you through pricing and listing your home, advise you on repairs and staging, manage showings and offers, and close the sale when the time comes. Of course, you need to remain in continual contact with your agent to supervise, but you can also focus much of your attention on your business while the real estate agent lists and shows the property and gathers offers for your review.
Finding Your New HomeThe same real estate agent selling your current home in Sacramento can help you find and purchase your new one. First, determine your needs for a new home. Think in terms of living space and business space. For privacy, you may want a dedicated office that's somewhat separated from the home's living areas. Also, consider possible renovations and maintenance. Since you're starting a new business, you probably want to keep home-improvement tasks to a minimum.
With your needs and current financial situation in mind, set a budget for your new home. Keep your budget on the conservative side to account for the expenses you're facing with your new business. Stick to your budget as much as possible.
Starting Your BusinessAs you begin your home-based business, focus especially on planning. Draw up a business plan that lays out every aspect of your business, from products and services to budgets, tasks, staffing, and marketing. Try to be as detailed as possible.
Also consider ways to organize your business, such as forming a limited liability company (LLC), and register your business with your state. Get advice from a lawyer and accountant as needed.
Building Your SkillsPart of starting a new business may be building your business skills. You may even think about earning a business degree in marketing, business management, or leadership. Online programs allow you to work toward your goal while running your business and keeping up with your family responsibilities. Just be sure to choose an accredited program with competitive tuition.
Embracing Your New LifeWhen you've completed your move and settled into your new home and new business, you can focus on embracing and enjoying your new life. Talk to a real estate agent such as Bryan Lincoln Real Estate today to set yourself on the road to success.
Article contributed by: Monica Smith