Running Business from Home Versus Renting an Office?
When you think of launching a business; there are tow options to getting premises. The two are to rent an office in a busy commercial set up or work from home. Each of the options have features, pros, and cons. It is prudent to give a look at both and then decide which is your best fit. 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. Home Office is a new way of starting a business that is highly fueled by the ability to access the market from home.
When you rent an office, it is direct way to telling the public that this is a business and not a home. This will make it easy for clients to flow to your business. Your office will be together will other offices in the same building. The building will be located near other buildings with offices. These offices offer a great opportunity to network. If you are working from home; the networking opportunities are limited.
There is more working space with rented office. In this case, all your employees can work from the office. 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. 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. 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. 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. At home, you have control, over your privacy.
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 will have to work remotely where you have no control over them. Home offices are nice for small business while rented offices are best for larger business.