Uploaded on Jan 30, 2022
For some, the idea of moving while starting a business at the same time seems impossible. However, the reality is often quite different. Many people forget that the home buying process is lengthy. It may take days, weeks, or months to find a suitable property. Then, you have to submit an offer with contingencies, negotiate with the seller, handle the property title search, set up a home appraisal, and schedule an inspection.
Can You Move and Start a Business All at Once-converted
Nela Buys Homes
Property Investment Firm
https://www.nelabuyshomes.com/
Los Angeles, California, USA
Can You Move and Start a Business All at Once?
For some, the idea of moving while starting a business at the same time
seems impossible. However, the reality is often quite different. Many people
forget that the home buying process is lengthy. It may take days, weeks, or
months to find a suitable property. Then, you have to submit an offer with
contingencies, negotiate with the seller, handle the property title search, set
up a home appraisal, and schedule an inspection.
Overall, buying a house from offer to close takes around 30 to 60 days. With
that much time, it’s completely possible to plan a move and start a business
all at once. If you want to know what you can tackle simultaneously, here’s a
look at the steps you can handle at the same time — courtesy of the real
estate experts at NELA Group.
Can You Move and Start a Business All at Once?
Setting Up Your Company’s Foundation
While the home buying process is underway, you can take care of many key
steps to launch your home-based business. For example, you can choose your
business structure. Figuring out if an LLC or another option is the best fit
usually only takes research. As a result, you can do that practically any time.
Similarly, picking a business name can happen while you’re preparing to move.
Again, it’s mostly a research-based activity. You need to see if what you want to
call your company is being used by someone else. Additionally, you’ll want to
find out if your preferred domain and social media handles are taken.
It’s also smart to decide if you want a ‘doing business as’ name. If you file a
DBA, you can easily branch out and offer new products or services under
different names while keeping your operations under a single company
structure. Plus, it may help if your first domain or preferred social media
handles aren’t available, allowing you to market your goods or services under a
name that isn’t used elsewhere.
Setting Up Your Company’s Foundation
There are a few activities that
might need to wait. For example, if
you’re selling goods, you might not
want a large shipment of inventory
to come to your house before you
officially move. Additionally, you
might not want to register your
business until the new home is
formally yours if you’re changing
states. That way, you won’t have
to register as a foreign LLC or go
through a domestication process
after you move.
Handling Moving Planning Activities
While you get your
company’s foundation in
place, you can also plan
your moving
You’ll wacatnivtitietos.startby
checking the housing
market. For instance, a
quick online search
show that homweilsl in Los
Angeles sell pretty quickly,
so you know that when you
find one you like, you need
to snag it.
Handling Moving Planning Activities
Then get quotes from moving services and see if what you need is available on
your potential move-in date. Just make sure you focus on companies that let
you change the date without costly fees. That way, if your closing is delayed,
you aren’t on the hook for extra cash. Likewise, if you aren’t able to move into
your new home right away, you might want to look into a short term vacation
rental and launch your business in style.
If you’re doing a DIY move, start looking for free boxes. It can take time to get
enough for a home household, so it’s best to begin immediately.
Additionally, pack any non-essential items in advance. Go through one room
each day and identify things you don’t need immediately, like knick-knacks or
out-of-season items. Box those up now so that you’ll have less to deal with on
moving day.
As the day of your move gets closer, pack household goods that you use
regularly but can live without for a few weeks. Then, once you reach moving
day, all that will be left to pack is genuine essentials, making everything much
easier to manage.
Thinking About the Future
Obviously, you already have your hands full, but
it’s never too early to start thinking about the
future of your business. Do you think you’ll want
to expand? Are there any successes or mistakes
made by your competitors that you can learn
from? Maybe you’re thinking about going back to
graduate school to gain some extra insights in
your field. Rather than increasing your stress,
you might find that planning out your goals now
actually helps you maintain focus and keep your
eye on the ball.
Remember, you’re starting a big, new chapter in
your life. Not only are you moving, but you’re
starting a new business as well! It’s normal to
feel stressed. Just don’t forget to feel excited,
too!
Nela Buys Homes
Address: 5532 N Figueroa Street, #200 Los
Angeles, California 90042
Website:
https://www.nelabuyshomes.com/
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