Bring Your Business Home: Upsize for Growth

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Thank you to Guest Writer, Sharon Wagner.

 Sharon Wagner uses her site Senior Friendly to offer advice geared specifically toward seniors to help them make healthier choices and enjoy their golden years.

Your company’s growth is a positive event, but with it, you may have to make changes to your personal and professional life. If you are ready to bring your business to a new home, you have to be willing to prepare.

Is Your Company Ready?

Noticing real growth from your company could be a sign that you need to start thinking about upsizing your home and focusing on how to run a bigger business. Before you upsize, ensure your company is in order; after all, moving can take time and energy away from your company. It helps to have your marketing strategies in place and to focus on visibility. For instance, if you have a Linkedin profile that brings in more clients, you do not have to worry about actively seeking clients and customers while away. Social media marketing allows you to reach many people without focusing all your energy on marketing.

Most people nowadays utilize social media and like to show their support for their favorite brands by following their pages and engaging with them. You can also post updates about your company as it grows on social media.

If you have not chosen a business structure, consider forming an LLC. An LLC requires less paperwork while offering more flexibility and tax advantages. You can file or use a formation service to avoid lawyer fees. However, make sure you look into your state’s rules before you form an LLC. Every state has specific regulations.

Do You Know What You Need?

To start the house hunt, you must ask yourself what you need. Think about the number of bedrooms, features in the kitchen, garages, and more. You need to have enough room to balance your company and home life. Additionally, think about the neighborhood. Consider walkable neighborhoods where you and your family can easily explore the town, while your clients can find your office without trouble.

The location of your potential office also matters. Do you have enough room that you can work without interruptions? If you see clients in your office, it can also help to have a separate entrance for your office. In addition to location, look for a room with either a lot of storage or potential for storage.

Are You Ready to Start the Process?

Buying a new home is one of the most significant investments you can make. Experts suggest that you do not try to do it alone. Bring a real estate agent to help you find appropriate properties and neighborhoods within your price range. Additionally, check into mortgage preapproval in advance. When you have preapproval, making an offer on the house can move quickly.

You need insurance coverage to cover the house and other expenses when you purchase a new home. Homeowners insurance only covers damage to the structure, injuries on your property, and theft of your belongings. A home warranty will help you if your appliances or systems break down. An annual renewable contract can cover an electrical, plumbing and heating, and cooling breakdown. Before you choose a company, look into rates to find a policy that works for your and your family’s budget and you can check out home warranty reviews.

As your business grows, your home may no longer suit it. To find yourself a new neighborhood and home for your company, make sure you and your family are ready to embark on a move and that your company can handle the transition.

For more resources to elevate your career and business, reach out to us to schedule a free consultation.

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