You’ve Grown Your Business, Now It’s Time to Grow Your Space
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You’ve Grown Your Business, Now It’s Time to Grow Your Space
You may have decided that the smartest thing you can do for your growing business is to upsize your home to give yourself more space to work and for storing inventory. Once you’ve calculated the cost-benefit ratio, it’s time to take some other aspects of your move into consideration.
Affordability
You need a bigger home, but you also have to be able to afford it. Besides the increased monthly mortgage payments, the cost of having a larger home will go up in other ways, too. Utilities, taxes, insurance, and then closing costs, moving, and additional furnishings will need to be factored into your budget as well.
Another important consideration when thinking of your budget is the cost of major appliance repairs and replacements. Having a home warranty means you won’t have to suddenly come up with a huge hunk of money to replace an HVAC or a major appliance. A home warranty is an annually renewing contract that will cover those unexpected repairs.
A real estate agent can be your best resource when looking for a home. A real estate agent will be aware of the local market housing trends, they’re the first to know when a home comes on the market, and they’re your liaison with the seller, helping you negotiate a sales price.
If you’re upsizing in the Atlanta, Georgia area, contact KDM Real Estate. Visit the website to learn more.
Location Location Location
Your first consideration should be accessibility. Will your new location be accessible to customers, clients, and vendors?
What about the property size - does it have room for growth or any additional buildings like a home office shed, a storage building, or a detached garage?
Does the location have the right demographics to complement your client base? Those factors can include population size, median income, and age demographics. Look at your competition, too. Is the location already saturated with other businesses that compete with yours?
What is the local business climate? Will you have access to staff? Is the local business community thriving, and is the local government friendly to small businesses? And finally, think about zoning laws to stay compliant and legal.
Setting Up Your Home Office
One of the most important considerations when setting up your home office is that it has its own dedicated space. This will help you concentrate and keep you from being distracted.
Make it ergonomic. Your desk and chair should be constructed to be supportive of your back and neck with proper spine and lumbar support. The height of your desk should allow you to cross your legs and have both feet flat on the floor.
Add personal touches to make it a place you want to spend your day. Add plants to bring the outdoors in and to help clean the air. Include artwork that means a lot to you, as well as an elegant rug or nice throw pillow.
Upsize Your Knowledge, Too
A business degree program can give you a strong foundation in business concepts, theories, and practices. This can help you make more informed decisions and help you manage your business more effectively, whether your business degree is in management, finance, or accounting.
Having a business degree also affords you more trust from investors, clients, and partners. Besides gaining new skills, you’ll also have a better understanding of what the long-term possibilities are for your business.
Most entrepreneurs who want to earn a business degree take advantage of online business degree programs to allow them to work at their own pace and on their own schedule. Take a look at this program that will allow you to customize your business degree with certifications that match your goals. And it’s important to note that those who take their classes online actually do better than those who take face-to-face classes.
Whether it comes to upsizing your home, your insurance coverage, your home office, or your education, upsizing means you’re growing, you’re succeeding, and that means you’ve upsized your business, and that’s something to applaud.