Running Business from Home Versus Renting an Office?
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. It is prudent to give a look at both and then decide which is your best fit. The nature of a business is very important 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, the public will know that is a business and not a home. As such, clients will be arriving at your business now and then. Your office will be together will other offices in the same building. The same building will be amidst other buildings with other 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. As such, you have adequate space for your employees to work from. It becomes a great advantage especially when you consider communication equipment. There is higher business security with a rented premises. The office building is under tight security control. You also add security measures for your business.
Working from home is definitely a great option for some business. You have the freedom to work at any time you want. Contrastingly, working from office is restricted to the opening hours 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 won’t have to pay other additional costs as you will just continue paying the normal bills.
You also maintain a high level of security when you operate from home. In case you have a rented office, clients to other business will be knocking at your doors causing distractions. 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.