Running Business from Home Versus Renting an Office?
There are two option to business premises whenever you think of launching a business. Renting an office in a busy commercial setup or working from home are the two options. Each of the options has its modalities, pros, and cons. To decide which is the best for your business, it is nice to compare both. 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. 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. This way, clients will be flowing into your premises. 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. If you are working from home; the networking opportunities are limited.
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.
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. 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.
Operating from home gives you an easy way to cut on costs. 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. At home, you have control, over your privacy.
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. A larger business needs a rented office while a small business can operate from home.