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The Small Business Owner’s Guide to Working From Home

Tina Martin • Nov 18, 2020

Even under the most perfect working conditions, small business owners run the risk of experiencing burnout. Simply put, you have a lot on your plate, and transitioning between tasks and juggling responsibilities can wear on a person. Moving your business into your home can be a blessing and a curse when it comes to burnout. You may find that close access makes you feel more in control of your workload, or you might feel like you can never get away from it. 

The best technique, however, is to create a single, dedicated space in your home for your business. This keeps your work close at hand while still sequestering it to a space you can actually leave. If you already have space in your home, this article can help you transform it into the perfect office or workshop. If not, Royal Realty would be glad to help you find the perfect property for on and off the clock.



Transforming Spare Space

Many of us have extra rooms or areas in our home we’re not really making good use of. For example, maybe you have a home office, but it’s mostly become overflow storage space over time. Or your garage or basement might have all the necessary features to make a good workshop, but all you use it for is laundry and holding old junk. You can easily make the most of these spaces and turn them into a remote work zone. 

If all you need for your work is a desk and a computer, take some time to design a productivity-focused home office. Get rid of any unrelated clutter that has made its way into your office, and gift, donate, recycle, or toss anything you don’t actually need

Make sure the room gets sufficient WiFi and double-check that you have a strong, secure WiFi password. Remember: digital security is way more important when you’re working from home since your whole business could be on the line. 

Funding Larger Projects

If you need to outfit a workshop, or you need to expand in order to make room for your business, look into small business funding. You may be able to cover some of the costs through loans and grants. Be careful, however – it’s vital that you only use that money to buy things directly related to your business. The expansion itself might be a stretch, but any machinery or material should qualify. 

On that note, keep close track of any spending you do in relation to your business. Most business expenses are claimable come tax season, so you could wind up with a smaller tax bill or even getting some money back. If you’re ever audited, however, you’ll need to provide proof of those expenses, so keep those receipts close and organized. 

Buying New Property 

At the end of the day, you might realize your current home simply doesn’t have the room your business needs. Yes, you could try to shoehorn your work into a too-small space, but that’s almost certain to lead to the burnout we talked about above. Again, you don’t just need room to work – you need room to leave that work behind at the end of the day. If you can’t build work-life balance into the physical bones of your home, it will always feel like you’re half on the clock. 

Take a look at your local housing market to get a sense of what kinds of properties offer the space you need in your price range. If you’re not sure what you can afford, talk to your lender. They can help you figure out the max price you should spend on a house so you don’t wind up falling for something that just won’t work. Finally, turn to a trustworthy realtor, such as the agents on the Royal Realty team. The right agent can guide you toward the perfect property for your needs, and help you weed out the listings that just don’t make sense. 

Working from home always presents challenges, but so much more is riding on success when you run your own business. Focus on creating a space where you can work productively and leave that work behind at the end of the day. In doing so, you’ll be able to build a work-life balance that keeps you sane, productive, and loving what you do. 

Looking for your perfect property? Contact Royal Realty today for help finding your dream home!

Photo Credit: Pexels 

Arthur : Tina Martin with https://www.ideaspired.com/


By Engage Team 15 Mar, 2022
From the Big Island to Oʻahu One of the benefits of living in the island archipelago of Hawaiʻi is that the other Hawaiian islands are a short flight away. It was during a spontaneous visit to Oʻahu from the Big Island of Hawaiʻi – where we lived for 6 years – that my partner and I got the idea to switch islands. Although each of the Hawaiian islands has unique merits, we were ready to experience Oʻahu’s convenience, plentiful hiking trails and beaches, and diverse economic opportunities. After landing a job offer based in downtown Honolulu, our relocation planning began. Since we were still largely unfamiliar with Oʻahu, we tailored our apartment search to a few factors, including: proximity to work; walkability to groceries and other necessities; and amenities like air conditioning, a pool, and a gym. Of course, budget was a factor as well, and we set our price range accordingly. Choosing Kakaʻako While the apartment criteria narrowed our search to three Honolulu neighborhoods – Waikiki, Ala Moana, and Kakaʻako – we focused on Kakaʻako because of its newer buildings and walkability to shops and dining. While living in a downtown Airbnb, we cruised sites like HICentral , Zillow , and Craigslist to find leads, and looked at several apartments before securing a 1-bedroom in the recently completed Keauhou Place tower. In addition to our unit having an incredible view overlooking downtown and the harbor, it came with shared amenities like covered parking, a pool, gym, and barbecue grills. As well, we enjoyed access to its ground-level pedestrian mall, which offered a natural grocery store, spa, and spots for dining and takeout – not to mention a short jaunt to even more options at SALT and Ohana Hale Marketplace . Aside from walkability, the location served as a central jumping off point for weekend adventures around the island. Change of Scenery Two years, a pandemic, and one job transition later, we were ready for another change of scenery. Since I switched from working in-person to working remotely, we no longer needed to live close to downtown, and began exploring the idea of moving to Oʻahu’s east side, where we would be closer to some of our favorite hikes and beaches. While the search process was similar, the inventory in our budget range was different, and it took a bit longer to find a suitable home. As opposed to the ample selection of apartment and condo listings in Honolulu’s urban core, the east side neighborhoods of Kaneohe, Kailua, and Waimanalo offered mostly ADU’s (additional dwelling units) or single family homes converted into multiple rentals units – sometimes lacking the privacy or amenities we needed. It took about 3 months to find our ideal rental home in Kailua, a similar 1-bedroom condo within a comfortable walking distance to town and the beach. It took a lot of patience, because the inventory was more limited; but, luckily we had flexibility to keep searching until we found our match.  Urban v. Suburban: Which to Choose? Ultimately, I am glad we got the experience of living in both Honolulu and Kailua. Particularly, the Kakaʻako neighborhood, with its abundant street art, well-maintained parks, and diverse shops and dining options, is a great place to get a feel for Oʻahu’s urban core. On the other hand, Kailua has an intimate, beachy feel, which could be a better fit if you can work remotely – and avoid the driving commute into “town” (local shorthand for Honolulu). Either way, pre-determining your unique home, budget, timing, and lifestyle criteria can help to narrow your search and point you in the right direction. About the Author Ali Slous is the founder of Perspective Media , an Oʻahu-based creative agency whose mission is to empower entrepreneurs and small businesses to channel creativity in ways that generate both professional success and personal satisfaction. When she is not creating Perspective Media, Ali enjoys access to the incredible nature Hawaiʻi has to offer. Resources HICentral: https://www.hicentral.com/ Zillow: https://www.zillow.com/honolulu-hi/?utm_content=319854744|1301821912900950|kwd-81363927204438:loc-190|81363895177301|&utm_campaign=zbw_br_natgeo_usa_x_nat_cities_e_b_1&semQue=zillow%20honolulu&msclkid=330d4f9cfa6b19b9b07d2db5ba061625 Craigslist: https://honolulu.craigslist.org/search/hhh SALT: https://saltatkakaako.com/ Hale Ohana Marketplace: https://www.ohmhawaii.com/ Perspective Media: https://perspectivemediahawaii.com/
By Jacqueline Little 16 Feb, 2022
A new year is upon us, and I must say it feels familiar, yet unpredictable. What I mean by that is, although we’re still dealing with the pandemic, the real estate market is still very dynamic. Mortgage rates dropped to record lows for much of last year, while home values and sales peaked to record highs. Where does it go from here? To say that there will be a housing market cool down is too drastic. Steady buyer demand and low inventory will continue to drive up prices. My insight for 2022 aligns with what most are predicting for the housing market’s future - everything will be high. Demand, prices, home appreciation rates, and eventually home inventory and interest rates will rise too. While some trends from 2021 will continue into the new year, some things will change. This year will be defined as a steady year of (slow) growth. The market will no doubt be in the favor of the sellers for now, but things will start to swing the other way. Because the real estate market is affected by current events, fluctuations are inevitable. If you’re looking to buy, pay attention to interest rates and always be in tune with your own personal finances. If you’re in a position to sell this year, it wouldn’t be a bad idea. The smaller housing inventory fares to your advantage because low inventory creates competition among buyers, essentially increasing your property’s value. If you’re a seller, know that there are options for selling. Whether it’s your first home sale or your fifth, talking to a real estate agent will help you explore your options so you can market your home to a wide range of potential buyers and get you top dollar for it. If you’re a buyer, the same advice rings true here. Talk to a real estate agent who can help you navigate this active housing market and help you find the right situation for you to act on. As always, Royal Realty is here for you and ready to take on 2022 with you!
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