Should You Rent an Office or Work from Home
There are two option to business premises whenever you think of launching a business. Renting an office in a busy commercial setup or working from home are the two options. Each of the options has its modalities, pros, and cons. It is prudent to give a look at both and then decide which is your best fit. 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. Running a business from home is a revolutionary trend that has been fueled by the ability access the market from the internet.
Renting an office gives you exposure to the public as business and not a home. This way, clients will be flowing into your premises. Also, the business will be located in a building with other offices. The same building will be amidst other buildings with other offices. These offices offer a great opportunity to network. This is not possible if you are working from home.
When you rent an office, you have more office space. As such, you have adequate space for your employees to work from. It becomes a great advantage especially when you consider communication equipment. There is higher business security with a rented premises. 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. 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. In case you work from home, you have freedom to work with your own schedule or when you have a client.
You easily cut off rent costs when you work from home. There is no need to rent an expensive office in the busy street as you only need to convert a room in your home to the workstation. 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. Even though it gives a networking opportunity, it could become a threat to the privacy of your business. You, however, got control over privacy in your home.
When working from home, you business is however restricted in space. You cannot contain your employees to a space and have them use the resources optimally. Instead, they work remotely meaning that you don’t have any control over their performance. Home offices are nice for small business while rented offices are best for larger business.