collaborative post // Running a business from home is a concept that has become increasingly popular in recent years. The benefit of working from home and the ability to flexibly manage your workload makes running a home-based business appealing.
There are many benefits to running a business from your house, but there are also some significant obstacles to overcome. Trying to make a distinction between your work life and home life can be an issue when you run a business from home.
Finding enough space to store all your equipment and your products can also become a problem for home-based businesses. In addition, many business owners that work from home find it difficult to meet with clients and retain their professionalism. The bigger and more successful your business becomes, the more challenging it is to continue operating it from your home.
If you find yourself in this position, you may be wondering how to make the transition from being home-based to acquiring business premises. Take a look at these tips to help make the transition easier:
Calculate Your Budget
One of the main benefits of operating a business from home is that it keeps your overheads low. So, when moving into business premises, you will need to factor in the increase in your costs.
As well as the cost of renting the building, you also need to consider business rates, insurance charges, and increased fuel costs for your commute to work each day. In addition, it is crucial also to consider how much it will cost for you to fit out the new building to make it suitable for your business’s needs.
Based on the factors mentioned above, it is essential to create a realistic budget for the move and the monthly running costs that you will incur.
Assess Your Space Requirements
If you have been used to running your business from your garden shed or the kitchen table, any amount of extra space may feel like a luxury. However, it is essential to carefully consider how much space you really need at your new premises. You do not want to set yourself up in a new workspace only to find that in a few months, your business has outgrown it, and you need to move once again.
But you also do not want to overcommit by renting out a property that is bigger than you need and costs you more than you can afford. Weighing up this delicate balance is crucial to ensure that your move is financially viable for your company.
Stagger the Move
Stopping work for a week to facilitate the move may not be possible. So, staggering the move can make it more manageable. Using business storage solutions to keep your equipment safe while you go through the process of transitioning from running your business from home to giving it its own dedicated space is a big help. Staggering the move in this way should ensure that it is less stressful for you and less disruptive for your business.