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. There are features, pros, and cons of each method. To decide which is the best for your business, it is nice to compare both. The nature of a business is very important when making this decision. Renting an office is the conventional way of launching 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. 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.
When you rent an office, you have more office space. As such, you have adequate space for your employees to work from. It becomes a great advantage especially when you consider communication equipment. A rented premises offers higher business security. 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. 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. 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 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. In case you have a rented office, clients to other business will be knocking at your doors causing distractions. Even though it gives a networking opportunity, it could become a threat to the privacy of your business. You, however, got control over privacy in your home.
Your business is however limited in space size when you work from home. 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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