As an entrepreneur, you understand that growth is crucial for the success of your business. But when you get to the point where your business is growing faster than you can manage from home, it’s time to consider upscaling your living situation. This means finding a new home in a more suitable location and building a dedicated workspace. Here are some practical tips for upsizing your home to accommodate your growing business, courtesy of Howard Hanna Professionals.
Changing Your Business Structure to an LLC
If you operate as a sole proprietorship, you might consider changing to an LLC (limited liability company). This will provide legal protection against liability issues that might arise as a result of operating out of your home. You could also purchase additional coverage, such as liability insurance and/or Worker’s Compensation. Take time to learn how to start an LLC in Pennsylvania, and consider hiring a formation service to handle the legwork.
Finding a New Home in Your Desired Location
As you begin to browse potential homes, keep in mind what type of space will best accommodate both living and working comfortably under one roof. A few factors to consider are:
● Parking availability
● Updated amenities
● Zoning regulations
● Property taxes
Moreover, make sure your new home has all the attractions, stores, and medical facilities your family will need to thrive. All of these elements will contribute toward ensuring that your family and business end up with a perfect fit.
Building a Home Office for Productivity
Once you arrive at your new abode, you’ll want to build out the ideal home office that serves as the epicenter of productivity for your business operations – the place where all those brilliant ideas come together! Your workspace should have plenty of natural light coming in through windows or skylights and ample electrical outlets throughout; that way, there are no hindrances when it comes time to plug in your devices or equipment as you work long hours.
Additionally, consider investing in ergonomic furniture and gear, such as a chair, an adjustable desk, and a keyboard. In other words, think of any ways you can stay comfortable while keeping productivity at its peak!
Purchase a Home Warranty Plan
Investing in a home warranty is a smart move for homeowners as it can provide protection and financial security from unexpected breakdowns of home systems and appliances. You can get coverage for plumbing, electrical, and heating systems, kitchen appliances, and more. This can help to lower the burden of repair costs and give homeowners peace of mind, knowing that their home is covered under warranty. When reviewing home warranty plans, give this a view and carefully consider which home systems and appliances you need covered.
Tips for Running Your Business During the Relocation
Lastly, don’t forget about keeping operations running smoothly during this transitional period. Be sure to let customers know about any changes, such as delays in shipping times due to relocation efforts, so they don’t get frustrated when their orders take longer than usual to arrive.
Also, consider hiring additional staff members temporarily until everything gets settled into its new rhythm at the new location. That way, you can maintain your customer service standards regardless of how much upheaval is going on behind the scenes!
Summary
Upgrading when running an enterprise from home takes careful consideration and preparation, but it can be incredibly rewarding when you do it right. Consider reevaluating your business structure, taking time to find the perfect home, purchasing a home warranty, and following the other tips here. You’ll be more confident taking on this major life change while still remaining focused on continuing the success of your ever-growing business!
Whether you’re buying or selling real estate, Howard Hanna Professionals is here to help. Reach out today if you have any questions!
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