How to Transition your In-Home Small Business to a Commercial Location

"How to Transition your In-Home Small Business to a Commercial Location" Laptop on Desk Graphic
July 13, 2018
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~by Haley Lynn Gray~

When you started your in-home small business, you probably had big dreams and plans, and now that your business has taken off it’s time to turn those dreams into reality. Taking your business to the next level is an exciting move, especially for an entrepreneur who has been working hard behind the scenes since day one. It’s time to put on your big girl pants and go out there and rock it! Here are some things to keep in mind as you plan to upgrade your at-home business to a commercial location.

Evaluate Your Customers

As a small business owner, chances are your pool of customers were initially drawn to your not-so-corporate business venture. They likely felt they could trust you and would receive a product or service that someone had poured their heart into. But as your business grows, your customers might change, and your business model might need adjusting to keep up with your growth. Dig deep and ask yourself a few questions about your customers’ needs and wants as you prepare to expand. Do your customers need something that you aren’t able to offer? Are you able to give them quality attention, or do you need to expand your staffing? Your business will grow and your competition will too, so it’s important to be sure you are still able to give your customers the best of the best.

Find a Mentor in the Field

Female entrepreneurs face more obstacles than men do in the business world, but hold your ground and find solace in the girl bosses around you. Navigating a big business move can be intimidating, but women before you have done it and women after you will do it too. Find a mentor that can guide you and offer their insight on expanding a business. They know the struggles you may face as a small-business owner and female entrepreneur. Don’t think you have to have it all figured out on your own! Opening up to let other people help you will only help your business. Your business is totally your baby, but you can still benefit from having a new perspective.

Consider Several Business Locations

Before solidifying a commercial location, do a little shopping around and consider how your location may impact your business. Where are some of your biggest competitors located? Moving too close to competitors who have already established a store front location may hurt your business. You should also keep in mind the location of the majority of your customers. If your customers tend to live within a certain city, moving out too far into the suburbs may hinder them from continuing with your business. Moving close by your main customers, however, could increase the business they do with you and lead to similar new customers in that area. When it comes to your location, also be sure to find a space where you feel safe. If you’re restocking or doing inventory late at night, you want to know that you are in a safe area and in a secure building.

Cast Your Vision

Your new space for your business should reflect your mission and appeal to your target market. When people walk into your business, they should feel empowered and excited. Think about what your brand would look like on a larger scale and play around with the design and functionality of your location. This is the fun part! As you begin to map out a layout and plan for decorating, consider whether your choices will be sustainable for the first couple of years. Invest in options that will aid in both the function and aesthetic of your business and that will be on the forefront of style. Really know your brand – and capture that even through the tiniest of details. Is it important that your customers see a woman as the face of the company? Do you want them to see themselves in your entrepreneurial, go-getter attitude? Think about what inspired you to start your business and turn it into a bigger project and let that paint the backdrop. Your story is what inspired you, and your customers were drawn to that!

Budget, Budget, Budget

As a small-business owner, you already know how crucial budgeting can be. Expanding your business to a commercial location is a big move, but you want to do it the right way. While blowing money for your dream space could pay off if business is good, you should still air on the side of caution going into your first year in a commercial location and save money where you can. Evaluate the size space that you need to make sure you can function efficiently. Will you need lots of storage? Do you want a clean, minimalistic look? As you start browsing for locations to move to, map out all equipment needs you have to make sure your space will fit just right. Solidifying a short-term lease is also a business savvy budget move, since you can’t fully predict your success in your first year. Instead of signing a 12-month lease, negotiate shorter terms that way if the location isn’t a good fit or business isn’t booming, you won’t be strapped into something you can’t fulfill. Same goes for utilities! Avoid long-term contracts as you search for and compare utility costs.

Announce Your Move!

Once you’ve solidified the logistics, make sure everyone knows that you are moving on to bigger and better places. Your customers have found trust in your product and they should be the first to know where you are heading so they can continue to support your business! Give everyone proper notice that you are moving so they aren’t caught off guard. Before settling into your shiny new location, make sure to update your address with all necessary vendors. Get in touch with your local government to find out what they need from you to work out any kinks.

You’ve got this, girl! You have worked hard to get your business up and running, and it is exciting to watch your baby turn into something for more people to appreciate. Upgrade your busines and keep watching as it soars!

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Most people think of online business being nothing more than a “side hustle” that supplements their regular day job. But doing business online has too much potential to be treated like a second-tier or an afterthought business.

5 Official Key Benefits of VoIP Systems for Small Businesses

In the past few years, the rise of Voice over Internet Protocol technology has enabled companies to transform how they interact and to improve in-house and external relationships as a result. Understanding how VoIP-based phone systems can benefit your own organization can help you make the switch and enable your teams and your customers to enjoy the many perks of streamlined communication.

Side Jobs & Supplemental Income Strategies for Entrepreneurs

Financial security sounds great, but you’re a busy entrepreneur. Fortunately, implementing passive income strategies isn’t as complicated or time-consuming as you may think, and they allow you to earn passive income, which frees up your time and energy to focus on other money-making opportunities.

How to Be a Better Defense Attorney

How to Be a Better Defense Attorney

Whether it's a passionate courtroom monologue or an insightful cross-examination, the role of a defense attorney is both challenging and rewarding. The path toward becoming a better defense attorney requires a diligent approach to case study, the adoption of new...

How to Make Smarter Career Moves

How to Make Smarter Career Moves

In the dynamic and ever-evolving professional world, making smarter career moves is essential to achieve long-term success and fulfillment. Whether you are an aspiring entrepreneur or a seasoned business leader, strategic decision-making can significantly impact your...

The Most Popular Commission-Based Careers

The Most Popular Commission-Based Careers

A career based on commission offers a distinct opportunity for those who enjoy the thrill of the chase, are self-motivated, and thrive when helping others achieve their goals. Here are three of the most popular commission-based careers that women are making their mark...

Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers

Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers

The blog “Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers” offers crucial advice for online entrepreneurs. Business lawyers provide insights on vital legal aspects, such as forming a business entity, protecting intellectual property, drafting contracts, and complying with online regulations. Understanding these legal essentials is essential for safeguarding the business and avoiding potential legal pitfalls that could arise in the digital marketplace.

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Recent Posts

How to Give Your Employees More Choices in Benefits

How to Give Your Employees More Choices in Benefits

As a business leader, you understand the value of empowering your team with choices that suit their unique needs. This philosophy can extend to the realm of employee benefits, where providing more options can enhance job satisfaction and loyalty. Here’s how you can...

How to Reduce the Burden of Healthcare Costs in Retirement

How to Reduce the Burden of Healthcare Costs in Retirement

Planning for retirement involves more than just financial considerations; it also requires thoughtful preparation for healthcare expenses. As you transition into your golden years, managing healthcare costs becomes crucial for maintaining financial stability and...

How to Avoid Delays When Delivering to Customers

How to Avoid Delays When Delivering to Customers

In today's competitive business landscape, delivering products to customers on time is not just a courtesy; it's a necessity. Delays in delivery can lead to dissatisfaction and harm a company’s reputation, especially for female entrepreneurs who are striving to build...

Work Remotely Without Working from Home

Work Remotely Without Working from Home

Working from home offers a unique blend of comfort and convenience, creating a workspace that is both personal and professional. Your home becomes a versatile canvas where productivity meets comfort, and your creativity flourishes in familiar surroundings. From the cozy corner of your living room to a dedicated home office, the possibilities are endless. With the freedom to choose your workspace, you can design an environment that suits your workflow, whether it’s the tranquility of a quiet room or the vibrant energy of a sunlit nook. Working from home provides the flexibility to customize your surroundings, making it the ideal place to turn your aspirations into accomplishments.

Why You Need to Avoid Overworking Yourself

Why You Need to Avoid Overworking Yourself

The demanding landscape of entrepreneurship often celebrates burning the midnight oil as a pathway to success. While hard work is undeniably critical, overworking oneself can lead to adverse effects that are often overlooked in the hustle to meet deadlines and...