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 have features, pros, and cons. It is prudent to give a look at both and then decide which is your best fit. Bear in mind the nature of your business since it is very critical when making this decision. The traditional way to starting a business is to rent an office. Home Office is a new way of starting a business that is highly fueled by the ability to access the market from home.
When you rent an office, the public will know that is a 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 building will be located near other buildings with offices. These offices offer a great opportunity to network. If you are working from home; the networking opportunities are limited.
There is more working space with rented office. In this case, you and your employee will have great space to work from. It becomes a great advantage especially when you consider communication equipment. There is higher business security with a rented premises. The business premises are guarded to ensure that all offices located in the building are secured. Still, you will have security for your business.
It is a great alternative for some business to operate from home. It gives you the freedom to work at any time you want. Working from an office is restricted to opening and closing hours. In case you work from home, you have freedom to work with your own schedule 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
Working from home gives your business high level of privacy. If you are working from an office, it is likely that clients to other business land into yours causing distractions. Even though it gives a networking opportunity, it could become a threat to the privacy of your business. You have control of privacy back at your home.
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. Home offices are nice for small business while rented offices are best for larger business.