By Tina Martin Image: Pexels
7 Tips for Moving and Starting a Business at the Same Time
Moving and starting a business can be overwhelming tasks. It’s important to plan ahead and take care of all the details to ensure that your transition is as smooth as possible. Use this list of helpful tips so you can prepare for this major life change without all the stress:
Obtain an EIN
The first step in starting any business is applying for an Employer Identification Number (EIN) with the Internal Revenue Service (IRS). An EIN is required for businesses with employees, but it can also be used to open bank accounts, apply for permits or licenses, and file tax returns. The process of obtaining an EIN is relatively easy and can be completed online.
Know What to Look For in a New House
When searching for a new home, it’s important to consider the amount of space needed for both living and working, as well as the local amenities such as restaurants and shopping centers that are nearby. Furthermore, researching different neighborhoods and school districts along with commute times from work or home should also be taken into account. Lastly, local regulations concerning businesses operating within residential areas should be carefully considered when choosing a new home.
Consider Renting First
When moving and starting a business at the same time, it may be beneficial to consider renting a new place first before committing to buying one. This will allow you to save money while also getting a feel for the neighborhood before making any big decisions. However, if you are looking for something specific, then check online rental listings in order to find exactly what you're looking for. There are hundreds of Portland apartments available so find one with the amenities you desire.
Digitize Your Records
When transitioning from one home to another, it's important to stay organized by digitizing your documents. This will allow you to manage documents such as contracts, leases, and invoices which are essential when starting a business and moving. Additionally, you can keep track of all your documents in one place so they don't get lost during the move.
Choose Your Business Entity
Starting a business is an exciting endeavor, but it's important to ensure that you make the right decisions upfront to protect yourself. One important way of doing this is to register your business as an LLC. Not only will your personal assets be protected, but you’ll gain tax advantages as well.
Keep Your Contact Info Up-to-Date
It is essential to update your website and social media pages with all new contact information once you have moved into a new city. This includes updating email addresses, phone numbers, and physical addresses so customers can easily find the most up-to-date information when they need to get in touch. Additionally, it is important that customers can find this information easily, whether on your website or through other channels like social media sites.
Notify Customers
It's important to inform customers of any impending changes in advance so they can make the necessary adjustments. A great way to do this is by sending emails or even hosting special events and promotions beforehand. During this transition period, businesses should consider offering discounts or incentives - this will help retain existing customers and attract new ones too.
Moving and starting a business can be an overwhelming experience, but following key steps can make it much easier. Consider renting a home or apartment before making any long-term commitment. Taking steps like registering as an LLC and digitizing your documents can also be beneficial. When you follow the above tips, the process of moving will be much smoother.
If you have a business idea but don’t know where to start, Candlish Elite can help you take action. Schedule a no-cost consultation today!