Important Issues to Consider When Moving While Starting a Home-Based Business

  • Luci Edwards
  • 05/29/22

Starting a home-based business is a significant undertaking that needs a lot of mental, emotional, and literal space. Unfortunately, not all homes have the room you need to make a business thrive. That’s why many small business owners decide to move in the early days of getting their business going, especially if they’re already considering a move in the future to accommodate a growing family or expanding needs.  If you’re in this position, you have a massive task. These transitional moments can be difficult, especially for new businesses.

 

Here are some tips for making things go as smoothly as possible.  

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Protect Your Assets   

One of the essential parts of this process is keeping careful records and protecting yourself. Small business owners who haven’t yet registered their businesses as LLCs are putting their assets on the line. Forming an LLC in Montana before you invest in a new property creates a legal boundary between your personal and business assets, leaving you in a much safer position if you ever deal with litigation. 

However, this comes with its snags when running a home-based business. If you’re an artist who buys machinery for your craft, that’s a business asset and legally needs to be recognized. Some items are even more complicated — for example, a computer you primarily use for work is considered a business expense, but a laptop you mainly use for recreation or hobbies is not. 

The lines can get blurry and confusing, especially when setting up a home office or creating a workshop. Talk with a financial advisor or small business lawyer to make sure you understand what is — and isn’t — considered a personal asset. 

 

Plan Well in Advance 

Moving is a challenge for anyone, but you have a lot more to consider when keeping a business going. That’s why it’s so important to start planning for your move as soon as you know it’s happening. Start by setting a specific and achievable packing schedule. Getting as much packed as possible before that last-minute crunch will save you time and valuable mental energy. 

It would help if you also made a plan for your business during your move. Will you need to create a free week in your schedule to handle those last-minute move issues? Maybe you want to temporarily close shop or let customers know their orders may take longer if they place them between specific dates. Think critically about how your company will (or won’t) be able to function during your move, then shift your workload wherever possible to leave the days before and after your move as open as you can. 

 

Hire Help 

Finally, don’t mistake trying to handle your entire move all by yourself. Odds are you’re past the point in life where you can bribe your friends to move things in exchange for pizza and beer, so instead, bite the bullet and hire movers. This is a better choice anyway since movers are a lot less likely to break or misplace something — and if they do, it’s often insured. 

It would help if you also considered hiring a home business consultant to help you design your workshop or home office. They can give you insight into making your space as compelling and inspiring as possible. Be sure to take ergonomics and safety into account — workplace safety is built into companies that might employ you, but you have to make an effort to protect yourself in a home-based business. There’s no getting around it: this will be a challenge. However, the proper techniques can make it possible. We hope this article helps make your move a little easier and make your home business that much more successful. 

Photo Credit: Pexels 

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