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 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. Renting an office is the conventional way of launching a business. 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. As such, clients will be arriving at your business now and then. Still, your office will be located in a building with other offices. The building will be located near other buildings with offices. These offices offer a great opportunity to network. Networking opportunities are restricted when working from home.
Renting an office gives you more working space. In this case, you and your employee will have great space to work from. When the communication equipment is considered, it becomes a great advantage. 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. You have 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.
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.
Home business gives you a high level of security. If you are working from an office, it is likely that clients to other business land into yours causing distractions. Despite having the networking opportunities, is poses a risk to your business privacy. 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. Home offices are nice for small business while rented offices are best for larger business.