Running Business from Home Versus Renting an Office?
There are two option to business premises whenever you think of launching a business. 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. Bear in mind the nature of your business since it is very critical when making this decision. Renting an office is the conventional way of launching a business. Running Business from home is a revolutionary trend that is powered by the possibility of connecting to the clients through the internet.
When you rent an office, it is direct way to telling the public that this is a business and not a home. As such, clients will be arriving at your business now and then. Also, the business 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. 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. There is provision of tight security within the office building. You also add security measures for your business.
It is a great alternative for some business to operate from home. 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.
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 won’t have to pay other additional costs as you will just continue paying the normal bills.
Home business gives you a high level of security. 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. 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.