Steps for Starting a Business in YourRented Apartment

Oct 13

Written By Valery Taboh

Upsize Your Living Space

If you want to turn a passion into a business, you may need more space in your apartment.

Working out of a dedicated home office will have a significant impact on your productivity. Start

looking for an apartment with an extra bedroom that you can turn into a home workspace. While

this is bound to increase your living costs, keep in mind that you’ll be able to deduct some of

these extra expenses from your taxes. Use online apartment search tools to filter local listings

by price, home type, and the number of bedrooms you need. Since you won’t be commuting to

work, the location of your apartment might not be so important. Consider looking for larger

apartments in less expensive areas of your city so you can minimize the cost of upsizing.

Create a Dedicated Home Office

Setting up a dedicated home workspace will make your business feel a lot more real. Design a

home office with all the equipment you need to work productively. Keep the decor minimal, but

include plenty of storage solutions so you can prevent clutter from piling up on your desk. The

Balance Money suggests placing a few potted plants in your office to improve your well-being

and promote enhanced productivity.

Invest in Better Equipment

Any productive work-from-home setup requires high-quality equipment. You just don’t have time

to wait for a slow laptop to startup in the morning or struggle with an unreliable internet

connection throughout the day. Invest in a good computer, a comfortable chair, high-speed

internet access, and a multifunction printer. You may even want to get an adjustable desk so

you can switch to different seated positions or work standing up some of the time.

Register Your Business

If you conduct business under your legal name, you don’t need to register your business. But it’s

important to remember that registering your business and choosing a business entity other than

a sole proprietorship will offer legal benefits, personal liability protection, and tax benefits. If you

want to set up an LLC, you will need to register with your state. Some states allow you to

Research Your Zoning Laws

You likely don’t have to worry about zoning if you’re running a business with no on-site

employees or customers. AllBusiness.com explains that home-based businesses that deal with

the public or have employees that work out of the home will be responsible for complying with

zoning laws. Even something as simple as placing a sign outside of your home may breach

local zoning laws. Take the time to research your city’s zoning laws and familiarize yourself with

the regulations set by your city or county.

If you’re living in a rented apartment and you want to start a business, don’t let anything stop

you! Consider moving into a larger apartment so you can set up a dedicated home workspace.

Once you have space for your home business, invest in some good equipment and tackle your

legal obligations. You’ll have your first customer in no time!

Are you new to entrepreneurship? AgilityDaily offers business consulting that will propel your

business forward and help you discover new ways of working. Check out our website to learn

more!

Valery Taboh

About

I believe, in individuals and teams with passion leading the change and transformation in an organization, and those crazy enough are the ones who actually do through unique contributions.

My WHY:

As a Coach

I Want To inspire people to do the things that inspire them

So That, they can build a career and inspire the people around them at home and at work while having fun doing so.

The issues of time and how you use it is very important because "Time is a Very Precious Commodity", "Time is Money"

https://www.valerytaboh.com