By Claire Wentz, 06.25.22
Home-based businesses are becoming increasingly popular. There are 32.5 million small businesses in the United Statesalone, and about 50% of small businesses are based out of someone’s home.
Launching a home-based business can take up a lot of your time, and if you’re moving, it can be even more stressful. All isn’t lost, though. With a little extra planning, you can successfully launch your business and move at the same time.
Buying a Home
When house-hunting as an aspiring home-based entrepreneur, it’s crucial that you keep your business in mind. You want to find a property that accommodates your business needs. For example, if you’re starting an e-commerce business, you’ll want a home with a large garage or storage area to keep your inventory.
When you’re ready to purchase a new home, it’s essential that you work with a skilled real estate professional with local expertise to find a home that suits your business’s and family’s needs.
Choosing and Starting Your Business
Some business types are more suited to working from home than others. These three business ideas are ideal for entrepreneurs who want to work from home:
Course creation and memberships. You can create and sell online courses or memberships to help people learn more about what interests you.
E-commerce store. Sara Blakely famously started her Spanx retail empire from her apartment in the late 1990s. Selling products online is a great way to reach a larger audience than you would if you were selling through brick-and-mortar stores.
Product creation. Have you always dreamed of creating your own line of scented candles? With the rise of platforms such as Shopify and Amazon, it’s easier than ever to create and sell physical products online.
Once you’ve thoroughly researched and chosen a business idea, it’s time to develop a strategy and learn more about your target market and competitors. Carefully consider your customer demographics and how your competitors price their products. You’ll also need to choose a name and business structure, decide how much (if any) funding you need, and register your business. There’s a lot to learn about forming a business—this guide on how to start a company can help you navigate the process.
Tips on Planning a Launch While Relocating
Now that you know a little more about starting a business from home, find out how to do it while moving:
Get organized. As with any major project, launching a business while moving requires organization and planning. Make lists of what needs to be done and when. Set deadlines for yourself, and stick to them.
Start early. The sooner you plan your move and your business launch, the better. Decide which will happen first, the launch or moving date, and work backward from there. This gives you a better idea of how much time you have to get everything done.
Hire help. You don’t have to do everything alone. If you can afford it, hire a professional mover, as well as a virtual assistant to help with the logistics of the move and the launch.
Skyrocket Your Success
There’s no denying that starting a business is a lot of work, but it’s also a lot of fun. And, if you do it right, it can be very rewarding.