Getting Down To Basics with Options
Should You Rent an Office or Work from Home
There are two option to business premises whenever you think of launching a business. The two are to rent an office in a busy commercial set up or work from home. Each of the options have features, pros, and cons. A look at each can help you decide which options fit your business. Bear in mind the nature of your business since it is very critical when making this decision. The office is the traditional way of starting a business. Home Office is a new way of starting a business that is highly fueled by the ability to access the market from home.
When you rent an office, the public will know that is a business and not a home. This will make it easy for clients to flow to your business. Your office will be together will other offices in the same building. The building will be located near other buildings with offices. These offices offer a great opportunity to network. Networking opportunities are restricted when working from home.
There is more working space with rented office. In this case, all your employees can work from the office. It becomes a great advantage especially when you consider communication equipment. A rented premises offers higher business security. The office building is under tight security control. Still, you include additional security measures.
It is a great alternative for some business to operate from home. One of the freedoms you get is the chance to work at any time you want. Contrastingly, working from office is restricted to the opening hours and closing hours. In case you work from home, you have freedom to work with your own schedule or when you have a client.
Working from home is another way to cut costs on rent. You don’t need to rent an expensive house on the busy street as you can convert some rooms in your home to be your office. You will not add expenses as you will continue to pay the normal bills
You also maintain a high level of security when you operate from home. If you are working from an office, it is likely that clients to other business land into yours causing distractions. Even though it gives a networking opportunity, it could become a threat to the privacy of your business. You have control of privacy back at your home.
Your business is however limited in space size when you work from home. You cannot contain your employees to a space and have them use the resources optimally. Rather, the employees work remotely meaning that you don’t have control over how they work. A larger business needs a rented office while a small business can operate from home.