When you finally decide to start your own business, you want everything to go the right way. However, startup costs can be staggering, so many people are opting to run their businesses from home. A home-based business comes with many benefits, including that you’ll not need to worry about costs like rent.
Before starting the business, you need to research to understand the realities around the industry. The fact is that your neighborhood could factor in determining different parameters for the business, including the parking situation, when you’re open, and the things you can deal in. Here are things to keep in mind.
Not Having a Business Plan
Starting any business without a plan is a big mistake. You need a business plan to guide you in your decision-making, as this is a document that defines your direction.
Put in the effort to plan your business and state the intended objectives.
If you’re unsure where to begin, look at free business plan templates, which cover different sections, including company description, marketing plan, and product and services.
In addition to writing a good business plan, you also need to register an LLC, which offers you tax benefits and ensures you have limited liability.
Not Choosing a Neighborhood Zoned for Business
The neighborhood you choose to host your business can dictate business atmosphere, foot traffic, and long-term success for the business.
Finding the ideal location means considering the right qualities to consider. In some places, you’re not allowed to run a business from a residential property.
Lack of Enough Business Capital
One of the challenges you must overcome when starting a small business is access to capital.
If you don’t have capital, the business will not attract potential financiers or investors.
You need to demonstrate you can pay back the loan or give the potential for your investors to get a good return.
Low capital will affect ongoing business operations and can jeopardize your ability to cover day-to-day operations.
To get business capital, first, determine the amount you’ll need, seek venture capital, or apply for a small business loan.
Not Doing Market Research
While the business idea may work anyway, if you want the business to succeed, you should invest some time in market research.
The factor to focus on is market demand for the product or service you want to offer, so determine current demand and future potential for your services or products.
Not Taking Time Off
As a home-based business owner, you might be tempted to work all the time. This mistake can mean you don’t have a proper professional space that compels you to respect professional routines.
It’s important to get the support of your family and ensure they understand the idea of working from home.
While it sounds odd, this is a real problem, which could affect your productivity. Plan your day with office hours in mind to avoid fatigue due to overworking.
Conclusion
Starting a home-based business takes a different process because of the environment in which you run the business. Avoid these common pitfalls that could make it more difficult to achieve your goals when running your business from home. Learn about the market and don’t interfere with your professional schedule.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
When it comes to selling your home, supporting local businesses is one of the most profitable decisions you can make.
Local businesses love to give back to their communities, which can increase your home’s value over time.
We’ve worked with the most reputable businesses around—contact us today, and we’ll pass along our professional recommendations!
Use Local Businesses as Your Home-Selling Sidekicks
When it comes to selling your home, supporting local businesses can be one of the most profitable decisions you make. Instead of calling upon big-name chains, you can utilize homegrown service providers to save money and make sure the job gets done right. Investing in local businesses has been proven to increase a community’s real estate values—besides, there’s no better return on your investment than a genuine “thank you” from a neighbor!
For every $100 spent at small businesses, this much stays in the community…
Small businesses tend to reinvest in their local economies more than chains do, which is great news for homeowners and potential sellers. Plus, small business owners typically work, play, and live in the same communities as their storefronts—so they care more about seeing their hometowns thrive.
The Business Alliance for Local Living Economies found that communities with successful small businesses see property values increase by 50 percent on average. And with home prices appreciating, neighborhoods can benefit from attracting new business investments to spark economic growth. According to research done by The Alliance, $68 stays in the community for every $100 spent at local businesses.
Shopping small provides hyper-local services
Think of shopping local like a community-wide networking event—you strengthen your connections by spreading the word about your positive experiences at businesses in the area. And if you want to know the best providers around, you can just ask your real estate agent. Your local agent doubles as your go-to reference for the most reputable nearby businesses.
Selling your home is a hyper-local experience, one in which you can benefit from partnering with the most convenient local business of them all: your real estate agent. As a small business ourselves, we understand the importance of supporting local and giving back to the community, which is why we only recommend our best business partners to our clients.
Here’s why hiring local service providers is the strategic choice
When you decide to list your property, there’s most likely going to be some projects that need to be completed—things like renovations and repairs, staging for showings, and general maintenance should all be at the top of your to-do list. Hiring homegrown service providers is the strategic choice when it comes to selling your home. Not only will you be guaranteed great service, but you may even receive discounted rates. When real estate agents repeatedly refer their clients to local businesses, companies sometimes provide lower rates in return.
Invest in small businesses to increase your home value
Wondering which local businesses you should take advantage of when listing your home? Hire a landscaper to spruce up your curb appeal, use a local painter to incorporate a more neutral color palette, or contact a local handyman for repairs. Want to get the inside of your home showing-ready? Your agent can recommend a top-notch florist for a bouquet of local blooms. That’s the thing about shopping small—the owners have local expertise and will go the extra mile to make sure their clients are happy!
Want to Increase Your Home Value?
It’s simple—when you invest in local businesses, those companies turn back around and invest in your community, which increases your home value! It’s hard to fully understand the positive impact of shopping local, but it becomes easier when you see your property value rise over time.
We’ve worked with the best businesses in our community, and we know they would love to play a part in your real estate dreams. Just tell us what services you need, and we’ll send our professional recommendations your way!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Chairish is offering an award to support small business owners from diverse backgrounds whose businesses are in a design-related field. We will grant one $2,500 award to one deserving business.
Applications open April 1, 2021 at 12:00 a.m(PST) Deadline: September 30, 2021 at 11:59 p.m(PST) Eligibility: Applicants must be 18 years or older and the company must be owned by a U.S. citizen and incorporated in the United States. The business must be in the design field, defined as interior design; graphic design; industrial design; architecture; landscape design; or fashion design. The business must be an early-stage business, meaning you have launched in the past 12 months and are working to grow a customer base; or a growth-stage business, meaning you launched over 12 months ago and are working to scale your operations. The business must not exceed over $1 million in revenue, annually.
How to Apply
Chairish is offering a $2,500 award to one small business owner(s). Candidates must:
Meet the minimum eligibility requirements and complete the application for the award by the application deadline.
Provide up to a 500-word statement describing how you would use the funds to support your business.
Design a “mood board” via Pinterest of your ideal workspace using Chairish products and provide the link to your board.
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Northern Virginia, or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com
Orange County is ready to celebrate its many small businesses starting on Sunday, May 2, 2021 presented by the Orange County VA Economic Development and Orange County Chamber of Commerce! If you’re a resident in Orange County or a small business owner, we encourage you to participate in this wonderful community event! Shop, dine and explore the many small businesses of Orange County! Remember to use the hashtags #buyorangeva and #OCsmallbusinessweek whenever you visit a small business! For more information and to stay up-to-date, Click Here!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Northern Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com
Small Business Spotlight brought to you by: Virginia SBDC Central Virginia
Kathy Judge and Gerilee Hundt both love books and have spent their lives reading, editing, cataloging and dealing with books – so opening their own bookstore seemed like the next logical step. Bound2please Books opened in February 2019 in Orange, VA. The shop is 500 square feet filled with nearly 3,000 general interest titles and has a primary mission: to offer a place to gather, to share thoughts and stories and to keep conversation percolating in this electronic age.
Most of the inventory consists of gently used titles in very good condition – which customers have appreciated – along with the store’s prices and variety. In the first six months, the store has already hosted several author visits – with the next, on Fri, Aug 23 at 5:30, featuring Lynn Coffey, author of the Backwoods series. B2plz Books has also made the space available for book clubs (Science Fiction gathering monthly), knitting (Tuesdays at 6:30), open mic poetry, game nights, and the occasional string band rehearsal! According to Judge, “The ship is sailing relatively smoothly so far, and we’re blessed with some wind in our sails.”
Grand Opening
Bound2please Books began its relationship withSBDCby attending a digital marketing workshop, and later opted for one-on-one counseling, again focusing primarily on marketing. The staff is now working to increase its customer count through digital marketing and can be found via Google, Facebook and Instagram. Select titles from the store are available through their B2plz eBay store.
Gerilee (Lithgow) Hundt!
Owner, Kathy Judge
Judge and Hundt’s love of books shows through, they have worked hard and had fun thinking of genres to curate – from science and philosophy to fables and fairy tales. “Bound2please Books is the kind of bookshop I’ve always wanted to spend time in, browsing the shelves, finding a comfortable place to sit and leaf through volumes that catch my eye,” comments Hundt.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my homeworth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
