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Contributing Guest Blogger: Tina Martin
Starting a home-based business is an exciting undertaking, but it can also be a puzzling one. You might have some great ideas about how your business will function, the product you’ll offer, and who you’ll serve, but making a space that facilitates all that can be challenging. Read on as we explore how you can put together a space that will help your business blossom.
Reflect on Restrictions
Before you get too far into your project, it’s best to ensure you’ll operate within local guidelines. As BusinessTown explains, many places restrict businesses to operate in certain designated areas. On top of that, you might need to get permits, pay fees, or apply for special licensing.
The last thing you want is to be shut down as soon as things start getting busy, so make sure you’ll be legal. Check area zoning, and consider touching base with the chamber of commerce to get a feel for the business climate — some areas may be more advantageous than others.
Sometimes, a move is in order. You might need to change locations because of zoning, or you might be considering that option anyway, especially if your undertaking will require more elbow room for you to work, for parking, or for equipment. In that case, of course, you’ll want to include that in the budget you’re creating for your new enterprise.
To give you a starting point, the average home in Trinity cost $320,000 to purchase last month. From there, you would want to account for the selling price on your current property and modifications your business might require.
As you look into homes on the market, or even at your own property, consider how you will be using your workspace. Designing a functional and efficient place to conduct your daily affairs is at the heart of your success. With that in mind, think about how you will need the area organized. Will there be seating for clients? A separate meeting space? Restrooms for visitors? Parking areas? Delivery or pick up vehicles? All those functional elements will weigh into the particulars of how you move forward. Make some sketches to see how things could flow together. You can test ideas with a website that allows you to design and arrange your rooms.
Take It Outside
If you luck out and your current abode is in a spot suitable for running your business, you might need to make some changes with that in mind. Maybe you have an unused room or an outbuilding that could be spruced up to house your new venture. Contemplate all the various costs that would be involved with the project, and start pricing things out.
For instance, Family Handyman points out running electricity to an outbuilding is something you could do yourself pretty easily, and the materials would cost around $140. Of course, you could hire the work done as well, which will run between $50 to $100 per hour. Create a detailed list of what your dream space would look like, and do some research into the potential costs involved.
Revamp a Space
Sometimes, a new business venture requires very little space or equipment, in which case you might be able to slide it into an existing spot in your home with minimal modifications. In this situation, you might only need to outfit the actual workspace and add some small improvements.
As an example, perhaps you’ll be doing coding, and need computer equipment and a line run for your internet. You might be surprised to learn that the latter could be an expensive piece of the puzzle, depending on where you live, what is involved, and the provider’s policy. Otelco notes that fiber optic cable runs about $600 to run to a home from the street, and subscribers pay $65 per month for usage.
While opening a home-based business involves many considerations, there are numerous ways to make it work. Research your requirements, both legally and functionally, and design a space that pulls everything together. Your thoughtful planning will pave the road to success!