Rent an Office or Work from Home
When you think of launching a business; there are tow options to getting premises. 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. It is prudent to give a look at both and then decide which is your best fit. 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.
Renting an office gives you exposure to the public as business and not a home. This will make it easy for clients to flow to your business. 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. You get the opportunity to network when there are such offices. This is not possible if you are 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 office has higher business security. There is provision of tight security within the office building. You also add security measures for your business.
Working from home is definitely a great option for some business. It gives you the freedom to work at any time you want. Working from an office is restricted to opening and closing hours. If you operate from home; you can work at any time you wish or when you have a client.
Operating from home gives you an easy way to cut on costs. 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.
Home business gives you a high level of security. There will be distractions as clients for other offices knocks your business. Despite having the networking opportunities, is poses a risk to your business privacy. You have control of privacy back at your home.
When working from home, you business is however restricted in space. It is not possible to bring your employees to single premises and let them make optimal use of resources. 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.