Should You Rent an Office or Work from Home
When you think of starting a business, there are two ways to get its premises. Renting an office in a busy commercial setup or working from home are the two options. There are features, pros, and cons of each method. 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. Renting an office is the conventional way of launching 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.
Renting an office gives you exposure to the public as business and not a home. As such, clients will be arriving at your business now and then. Also, the business will be located in a building with other offices. Your office will be located in a building that is adjacent to other buildings with other offices. With such several offices, you have an opportunity to network. This is not possible if you are 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. A rented office has higher business security. There is provision of tight security within the office building. Still, you include additional security measures.
Working from home is definitely a great option for some business. You have the freedom to work at any time you want. Contrastingly, working from office is restricted to the opening hours and closing hours. For business running from home, you can work at any time you need or when you have a client.
Operating from home gives you an easy way to cut on costs. 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 continue paying normal bills, and you will not meet additional costs.
Working from home gives your business high level of privacy. If you are working from an office, it is likely that clients to other business land into yours causing distractions. Despite the networking opportunities given when you work in an office set up, you business privacy is limited. At home, you have control, over your privacy.
Your business is however limited in space size when you work from home. It is not possible to contain your employee in single premises for optimal use of resources. Instead, they work remotely meaning that you don’t have any control over their performance. Small business will do fine with home offices while larger business require a rented office.