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 have features, 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 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. 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. With such several offices, you have an opportunity to network. Networking opportunities are restricted when working from home.
There is more working space with rented office. 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 premises offers higher business security. There is provision of tight security within the office building. Still, you include additional security measures.
Operating from home is a great alternative to some businesses. 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. 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. 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.
Working from home gives your business high level of privacy. In case you have a rented office, clients to other business will be knocking at your doors causing distractions. Despite having the networking opportunities, is poses a risk to your business privacy. You, however, got control over privacy in 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. 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.
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