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Why Moving and Starting a Business at the Same Time Aren’t Mutually Exclusive

6/28/2022

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Suppose you've decided that this is the year to achieve your business dreams from your home because you realize all the benefits that come with doing what you do best as and when you see fit. But there's one glaringly obvious problem - your current home is too small. Here's how to make the necessary changes, so you can accommodate both. 

If you're looking for a new home in the Reno/Sparks area, visit our Reno Property Management website. 

Check if it is allowed
Before you even decide on a home where you can run your business, you'll first have to check if it is allowed. This would entail checking the rules of business zoning in your area to see if you can operate your business from your home premises. Furthermore, you may have to apply for a special license or permit depending on the type of industry you're in. So best to have these all checked out before you even resume operations so that you don't end up entangled in all sorts of red tape before you even begin. 

Check your budget
Your budget will also have to be tailored to take into account your move, what with all the extra expenses that will be involved in moving your business and its belongings over with you. For example, you may need to take out extra insurance depending on the coverage provided by your moving company if the coverage they do provide is insufficient. Also, your budget is going to have to cover all the extra expenses associated with moving and if you're moving to a new state then the additional cost of living expenses will need to be taken into account too. 

Finding a property that will meet all your requirements
Finding a property that is going to meet all your requirements is going to be something else to think about too. After all, it's going to have to be big enough to cater to both your business and your family. Furthermore, it may have to have additional rooms for a home office, for example, and it may also need to have ample parking space or access to ample parking space if you are going to have clients visiting every now and again. 

Make sure you have all the basics covered 
If you are planning on going full steam ahead with your business operations as soon as you're settled in, then you'll want to make sure you have all the basics covered as far as equipment and furniture goes. When thinking of choosing the right furniture for your home office, you should combine practicality with style to ensure that you are as productive as possible in your home office. 

Then, you'll want to think about investing in the necessary software to run your business smoothly. You will require an easy to use bookkeeping system to ensure your accounting efforts are up-to-date at all times. Here, we're referring to accounting software that allows you to store and organize your receipts adequately so that you can benefit from tax savings down the line whilst adhering to the applicable tax legislation. It should also provide you with the tools to manage your cash flow better so that you stay on top of incoming and outgoing expenses.

These are just a few of the major deliberations that need to be had before you think about up and moving everything somewhere new. But it's vital that you do to ensure you have the wherewithal to not only cope but thrive during this new transition. 
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