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. A careful decision will be very important since the nature of the business is very crucial here. 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. Still, your office will be located in a building with other offices. The building will be located near other buildings with offices. With such several offices, you have an opportunity to network. Networking opportunities are restricted when working from home.
When you rent an office, you have more office space. In this case, you and your employee will have great space to work from. This is a plus when communication equipment are considered. A rented office has higher business security. There is provision of tight security within the office building. Still, you will have security for your business.
Operating from home is a great alternative to some businesses. One of the freedoms you get is the chance 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.
You easily cut off rent costs when you work from home. 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.
Working from home gives your business high level of privacy. In case you have a rented office, clients to other business will be knocking at your doors 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.
Working from home, however, limits you to size. It is not possible to bring your employees to single premises and let them make optimal use of resources. Instead, they will have to work remotely where you have no control over them. Small business will do fine with home offices while larger business require a rented office.