Moving is an intimidating process that requires presence, organization, energy, and time — especially if you do it while also starting a new business! While both activities aren’t easy to handle, you can do them simultaneously. How? Here are a few tips on relocating if your space is too small to live and run a business in — and get your venture off the ground in the process. Find the Perfect Home

Take the time to think about the things you need and want in your new home: number of bedrooms, proximity to stores and schools, a short commute to work, an open floor plan, and maybe even a pool and backyard. This will help you identify your priorities as you start house hunting.

You also need to figure out how much house you can afford to buy. You will likely need to apply for a mortgage, so ensure you qualify by keeping your credit reports in check and keeping debt at bay. You can then work with a skilled and experienced real estate professional from the Molly & Claude Team to find the best possible deals in your area of choice, as well as be fully supported throughout the process. You should have an idea of how much and how quickly homes are selling for on the market you have your eye on to know what to expect. Also, before you make an offer, get a home inspection, especially for older homes.

Alternatively, custom building your home is also a good idea, especially if you have very specific needs that also need to be accommodated for your business. If this is something you’re thinking about, you need to choose your contractors with care. Also, building a place from scratch will take a bit longer, but a home with all the amenities your need — and even a few indulgences — could be a better investment, especially if you’re staying for the long haul. Move In Your Life and Business

After closing costs, completing paperwork, and maybe even a build, you’ll be a homeowner! Moving all your stuff will be time-consuming, especially when you also have business supplies and equipment to consider, so consider hiring a moving company to handle the process.

If you’re still in the process of starting a business, don’t skip any steps. This means conducting market research to figure out your client base and competitors. This, in turn, helps you understand your market share, your value proposition, and how best to market your business. In addition, a business plan is also necessary to help you understand how much money you need to get started, what you need to do to make your company profitable, and where you are heading in general.

Also, your business should be legal and above board. Take your time to research the pros and cons of different business structures. You also need to look for financing. While most small businesses are bootstrapped (that is, self-funded), business loans, credit card financing, and help from family and friends are also some outside investments you can consider. You can also research available grants in your industry. When completing grant applications, include as many details as possible about your finances, projections, and marketing and branding plans.

Lastly, promote your business. These days, digital marketing is the norm, and this includes the use of social media, websites, ads, and more.

While balancing a new business and moving homes concurrently may seem too complicated to pull off, it’s not impossible. With the help of a good realtor or reputable contractor, as well as your own blood, sweat, and tears, you can make it work!

A recent Royal LePage survey addresses the belief that it is best to wait till spring to sell your home. There are advantages to selling in the winter. Details here.

Clayton Jarvis of MoneyWise details an option for business owners who find themselves in a cash flow situation.

An interesting article from CBC.ca on the cost of heating with natural gas and the alternatives.