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. A careful decision will be very important since the nature of the business is very crucial here. The office is the traditional way of starting 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. This way, clients will be flowing into your premises. Your office will be together will other offices in the same building. The building will be located near other buildings with offices. With such several offices, you have an 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. 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.
Working from home is definitely a great option for some business. One of the freedoms you get is the chance to work at any time you want. Contrastingly, working from office is restricted to the opening hours 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 won’t have to pay other additional costs as you will just continue paying the normal bills.
You also maintain a high level of security when you operate from home. There will be distractions as clients for other offices knocks your business. Despite the networking opportunities given when you work in an office set up, you business privacy is limited. You, however, got control over privacy in your home.
Your business is however limited in space size when you work from home. You cannot contain your employees to a space and have them use the resources optimally. Rather, the employees work remotely meaning that you don’t have control over how they work. A larger business needs a rented office while a small business can operate from home.