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. 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.
When you rent an office, it is direct way to telling the public that this is a business and not a home. This way, clients will be flowing into your premises. Also, the business will be located in a building with other offices. 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.
When you rent an office, you have more office space. In this case, you and your employee will have great space to work from. When the communication equipment is considered, it becomes a great advantage. 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. It gives you the freedom to work at any time you want. Contrastingly, working from office is restricted to the opening hours and closing hours. For business running from home, you can work at any time you need or when you have a client.
You easily cut off rent costs when you work from home. 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.
Working from home gives your business high level of privacy. In case you have a rented office, clients to other business will be knocking at your doors causing distractions. Despite having the networking opportunities, is poses a risk to your business privacy. You have control of privacy back at your home.
When working from home, you business is however restricted in space. You cannot contain your employees to a space and have them use the resources optimally. Rather, the employees work remotely meaning that you don’t have control over how they work. Home offices are nice for small business while rented offices are best for larger business.