{"id":808,"date":"2020-02-07T14:38:50","date_gmt":"2020-02-07T14:38:50","guid":{"rendered":"http:\/\/www.unitedfinances.com\/blog\/?p=808"},"modified":"2020-02-07T14:38:50","modified_gmt":"2020-02-07T14:38:50","slug":"how-to-expand-a-home-based-business-to-an-office-with-a-full-time-staff","status":"publish","type":"post","link":"https:\/\/www.unitedfinances.com\/blog\/how-to-expand-a-home-based-business-to-an-office-with-a-full-time-staff\/","title":{"rendered":"How to Expand a Home-based Business to an Office with a Full-time Staff"},"content":{"rendered":"

It\u2019s a popular idea to strike out on your own, start a mini business at home and finally get your freedom. But what if you discover that that\u2019s not enough for you?<\/span><\/p>\n

<\/span><\/p>\n

Royalty Free Photo<\/span><\/a><\/p>\n

Let\u2019s say that you realize there\u2019s enough potential that you should grow the business to the point where you have staff and work from a rented office – how can you achieve that?<\/span><\/p>\n

In this article, we provide some pointers for how to upscale your plan to get out of your home office for good.\u00a0<\/span><\/p>\n

Create a New Business Plan<\/strong><\/h2>\n

Even if you never actually had a business plan to begin with, it\u2019s never too late to produce one! Creating a business plan isn\u2019t necessarily about the final plan itself. Mostly, it\u2019s about making time for the <\/span>deep work<\/span><\/a> of business planning. This lets you run through different scenarios to determine how your business can be grown successfully from its current level to something much larger, and in a sustainable manner, too.\u00a0<\/span><\/p>\n

For instance, as a solopreneur, you may have been satisfied with a $65,000 yearly income for the business while maintaining low expenses. However, that won\u2019t be sufficient to expand to an office with a roster of capable staff. Think and plan bigger\u2026<\/span><\/p>\n

Consider Remote Staff, Initially\u00a0<\/strong><\/h2>\n

While you probably would prefer to take on full-time staff, it may require several months to get there. Indeed, it may be impossible to do it without a team to perform the essential functions necessary for the business to expand.<\/span><\/p>\n

Before it\u2019s possible to lease an office for a full-time staff to work from, you may still need workers. In which case, being open to remote staff or freelancers is the next best thing. Not being open to them could hinder your progress.\u00a0<\/span><\/p>\n

Management and Procedures<\/strong><\/p>\n

If you go the route of having either freelancers or remote staff working for you before the office move, then you\u2019ll need to learn how to manage them. If you haven\u2019t been a manager before, then there\u2019s much to learn. Furthermore, managing remote workers or freelancers poses some unique challenges too.<\/span><\/p>\n

By starting earlier, you can create systems and procedures that work well before making the move. At this point, <\/span>remote workers<\/span><\/a> can work from the new office or a new local team can be employed. With procedures already set up and tested, the move will go much smoother.\u00a0<\/span><\/p>\n

Get the Finances Right<\/strong><\/h2>\n

Accumulating money from profits to fund the office move takes time. It may require longer than you\u2019re willing to wait.\u00a0<\/span><\/p>\n

Companies like <\/span>Advanced Point Cap<\/span><\/a> provide business cash advances which can be useful in this circumstance to bridge any gap in funding. Availing yourself of these types of facilities prevents your business from getting stuck in neutral unable to lease an office and have a place to meet prospective clients when needed.<\/span><\/p>\n

While it can seem like a long road to go from a home-based business to an office-based one, many founders have successfully made this transition. It requires some perseverance, but it can be done.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s a popular idea to strike out on your own, start a mini business at home and finally get your freedom. But what if you discover that that\u2019s not enough for you? Royalty Free Photo Let\u2019s say that you realize there\u2019s enough potential that you should grow the business to the point where you have … <\/p>\n

Continue reading “How to Expand a Home-based Business to an Office with a Full-time Staff”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/posts\/808"}],"collection":[{"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/comments?post=808"}],"version-history":[{"count":1,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/posts\/808\/revisions"}],"predecessor-version":[{"id":809,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/posts\/808\/revisions\/809"}],"wp:attachment":[{"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/media?parent=808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/categories?post=808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.unitedfinances.com\/blog\/wp-json\/wp\/v2\/tags?post=808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}