Running Business from Home Versus Renting an Office?
When you think of launching a business; there are tow options to getting 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. 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. 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. 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. This is not possible if you are 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 business premises are guarded to ensure that all offices located in the building are secured. Still, you include additional security measures.
It is a great alternative for some business to operate from home. You have the freedom to work at any time you want. Working from an office is restricted to opening and closing hours. For business running from home, you can work at any time you need 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 having the networking opportunities, is poses a risk to your business privacy. You, however, got control over privacy in your home.
Working from home, however, limits you to size. 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. Small business will do fine with home offices while larger business require a rented office.