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Get Your Business Out of the House!!
When You’ve Outgrown a Home-Based Business Arrangement
First of all, congratulations. Growing a business over the past several years has been no easy feat and you are now one of the survivors. If you are a service provider, the house may no longer be a good fit if you need to hire employees, especially since many cities and counties restrict or prohibit workers in a home business other than the owner. For those of you who sell goods on the internet, through delivery, drop ship, or pick-up, you may likely have more merchandise than room to store it.
Either of these scenarios or others can force your hand and cause you to seek new digs. You started the business at home with the plan to grow and become more profitable. You’ve worked hard to get to this point. Now what?
After working with clients in this stage of growth and transition, 4 primary questions need to be answered and accommodated:
1. What is the entire cost for changing from home to business address?
2. Have you revised your business plan to reflect the ‘new’ cost structure, vision, and goals?
3. What is the Rent-to-revenue ratio for your ... more
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