Rent an Office or Work from Home
When you think of starting a business, there are two ways to get its premises. The two are to rent an office in a busy commercial set up or work from home. Each of the options has its modalities, pros, and cons. A look at each can help you decide which options fit your business. The nature of a business is very important when making this decision. 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 way, clients will be flowing into your premises. 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. If you are working from home; the networking opportunities are limited.
When you rent an office, you have more office space. In this case, you and your employee will have great space to work from. It becomes a great advantage especially when you consider communication equipment. A rented premises offers higher business security. The business premises are guarded to ensure that all offices located in the building are secured. You also add security measures for your business.
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. If you operate from home; you can work at any time you wish or when you have a client.
Working from home is another way to cut costs on rent. You don’t need to rent an expensive house on the busy street as you can convert some rooms in your home to be your office. You will not add expenses as you will continue to pay the normal bills
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 the networking opportunities given when you work in an office set up, you business privacy is limited. You have control of privacy back at 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. 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.
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