Starting a business can be a daunting task. There is a lot to consider, from choosing a business structure to hiring employees and planning a marketing strategy. Perhaps you have dreams of building your own business empire but you’re not sure where to begin. The best course of action is to start small. After all, with the move toward maximizing space more efficiently, many entrepreneurs are now looking for more economical spaces where they can start a business.
If that's you, here are some great tips on how to start your business from practically anywhere, including your smaller-than-average home office space!
If you want to open up a space and make room for more, then you'll probably need to declutter an area from unwanted, miscellaneous items that no longer serve a purpose. This goes hand in hand with reorganizing items so that you can locate them more easily. Just these two things alone can go a long way in creating a better workflow for when you decide to begin working again.
Having a functional, clutter-free space goes a long way. You’ll save time by having everything in its place and a place for everything. You’ll also have lower incidental stress from simply not having to look at a mess all the time.
Furthermore, choosing an ergonomic chair and desk is ideal for creating an area that, firstly, looks like an office. Ideally, a standing or adjustable height desk is best. If you can’t find an adjustable desk you like, invest in a laptop stand. Not only will you get the benefits of a standing desk, but you’ll also have a sleek piece of design for your new office.
Secondly, try to pick an area that is separate from your living space if you can, such as against the wall or by setting up a cubicle to create that perception of separation. This will assist you in creating a professional-looking home office for when clients come around. Making a positive first impression during in-person dealings is the beginning of creating foundational business success.
Last but not least, do what you can to optimize your home for wellness by focusing on positivity and organization instead of negativity and self-criticism. That will help your home and work-life flow together more smoothly.
Of course, here we're referring to adhering to your local legislation regarding registering your business from home with your local bureau. You'll need to get permission from your landlord, too. Additionally, you'll also want to consider what the structure of your business will be. For example, an LLC is a popular business type to set up due to its tax advantages, flexibility, and lesser filing paperwork. Another option you may want to consider is an S corp California registration, which is a good option for those who want to pay less in self-employment taxes or claim deductions on whatever losses their business racks up during the year.
Setting up an LLC or S corp for the first time can be a confusing process. Fortunately, there are resources online that can help you by walking you through the roles involved, such as the Organizer, and the necessary steps to ensure that your paperwork is filed correctly. Then you’ll be well on your way to growing your business.
In summary, starting a home-based business in your apartment has many benefits which include cost savings, flexibility, and much more. If you're considering it at all, it's most certainly a great option!
Join the Sacramento Metropolitan Chamber of Commerce for access to advocates and other resources that will help you build your business in our community.
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