Rent an Office or Work from Home
When you think of starting a business, there are two ways to get its premises. 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. 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. The office is the traditional way of starting a business. Running a business from home is a revolutionary trend that has been fueled by the ability access the market from the internet.
When you rent an office, it is direct way to telling the public that this is a business and not a home. This will make it easy for clients to flow to your business. Your office will be together will other offices in the same building. The building will be located near other buildings with offices. These offices offer a great opportunity to network. This is not possible if you are working from home.
There is more working space with rented office. In this case, all your employees can work from the office. When the communication equipment is considered, it becomes a great advantage. There is higher business security with a rented premises. The office building is under tight security control. Still, you include additional security measures.
Operating from home is a great alternative to some businesses. You have the freedom 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. 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 will not add expenses as you will continue to pay the normal bills
Working from home gives your business high level of privacy. 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.
Working from home, however, limits you to size. It is not possible to bring your employees to single premises and let them make optimal use of resources. Instead, they will have to work remotely where you have no control over them. A larger business needs a rented office while a small business can operate from home.