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. 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. The office is the traditional way of starting a business. Running Business from home is a revolutionary trend that is powered by the possibility of connecting to the clients through the internet.
Renting an office gives you exposure to the public as 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. These offices offer a great opportunity to network. Networking opportunities are restricted when working from home.
There is more working space with rented office. In this case, you and your employee will have great space to work from. This is a plus when communication equipment are considered. A rented premises offers higher business security. There is provision of tight security within the office building. Still, you will have security 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. 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.
Working from home is another way to cut costs on rent. 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 will continue paying normal bills, and you will not meet additional costs.
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 having the networking opportunities, is poses a risk to your business privacy. At home, you have control, over your privacy.
When working from home, you business is however restricted in space. It is not possible to contain your employee in single premises for optimal use of resources. 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.
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