Author - Paul James | 
|
Working From Home v Renting an Office
So, you own your own business, it’s just you or perhaps you with a partner. You have probably converted a room or at least part of a room at home.....but, is it the best way forward for your business?
Let’s look at the pros and cons concerning working from home
Pros
1: Save Money - I guess first and foremost for most people would be money. It cost almost nothing to work from a home office.
2: convenience – You’re already there! Your day can start immediately if you wish.
3: Transport – No travelling time and again, a saving.
4: Flexibility - The ability to choose your hours more conveniently.
I’m sure there are many other great reasons why so many people choose to work from home but the following cons should also be considered, especially if you are thinking of expanding in the future.
Cons
1: Kudos - An office address will usually make your business look more professional to a potential client.
2: Meetings – Often, (not always) your customers will take your business more seriously if you have an office.
3: Work/Life Balance – When your business is at home it’s sometimes difficult to shut off. Offices can be locked.....see ya Monday!
4: Productivity - Distractions at home can sometimes hinder progress.
Really, I think both sides of this topic have good points. It’s personal choice and nature of your business combined with budget that influences the decision for most, but sometimes I feel the wrong route is chosen (both ways) which ultimately could mean limiting the progress of your business. It’s always best to consider both sides thoroughly.
So, you own your own business, it’s just you or perhaps you with a partner. You have probably converted a room or at least part of a room at home.....but, is it the best way forward for your business?
Let’s look at the pros and cons concerning working from home
Pros
1: Save Money - I guess first and foremost for most people would be money. It cost almost nothing to work from a home office.
2: convenience – You’re already there! Your day can start immediately if you wish.
3: Transport – No travelling time and again, a saving.
4: Flexibility - The ability to choose your hours more conveniently.
I’m sure there are many other great reasons why so many people choose to work from home but the following cons should also be considered, especially if you are thinking of expanding in the future.
Cons
1: Kudos - An office address will usually make your business look more professional to a potential client.
2: Meetings – Often, (not always) your customers will take your business more seriously if you have an office.
3: Work/Life Balance – When your business is at home it’s sometimes difficult to shut off. Offices can be locked.....see ya Monday!
4: Productivity - Distractions at home can sometimes hinder progress.
Really, I think both sides of this topic have good points. It’s personal choice and nature of your business combined with budget that influences the decision for most, but sometimes I feel the wrong route is chosen (both ways) which ultimately could mean limiting the progress of your business. It’s always best to consider both sides thoroughly.
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