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 options are either to rent an office in a busy commercial setup or to work from home. Each of the options has its modalities, pros, and cons. To decide which is the best for your business, it is nice to compare both. The nature of a business is very important when making this decision. The traditional way to starting a business is to rent an office. Running a business from home is a revolutionary trend that has been fueled by the ability access the market from the internet.
When you rent an office, the public will know that is a business and not a home. This way, clients will be flowing into your premises. Your office will be together will other offices in the same building. The same building will be amidst other buildings with other offices. With such several offices, you have an opportunity to network. Networking opportunities are restricted when working from home.
Renting an office gives you more working space. In this case, you and your employee will have great space to work from. When the communication equipment is considered, it becomes a great advantage. There is higher business security with a rented premises. The office building is under tight security control. Still, you will have security for your business.
Operating from home is a great alternative to some businesses. It gives you the freedom to work at any time you want. This is different from working in an office that is limited to the opening and closing hours. For business running from home, you can work at any time you need or when you have a client.
Working from home is another way to cut costs on rent. As you can convert a room in your home to be a workstation, you don’t have to rent an expensive office in the busy street. You will continue paying normal bills, and you will not meet additional costs.
Home business gives you a high level of security. In case you have a rented office, clients to other business will be knocking at your doors causing distractions. Despite having the networking opportunities, is poses a risk to your business privacy. You have control of privacy back at your home.
Working from home, however, limits you to size. It is not possible to contain your employee in single premises for optimal use of resources. Rather, the employees work remotely meaning that you don’t have control over how they work. Small business will do fine with home offices while larger business require a rented office.