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Running Business from Home Versus Renting an Office?

There are two option to business premises whenever you think of launching a business. The two options are either to rent an office in a busy commercial setup or to work from home. 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. The nature of a business is very important when making this decision. Renting an office is the conventional way of launching a business. Running a business from home is a revolutionary trend that has been fueled by the ability access the market from 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. Also, the business will be located in a building with other offices. Your office will be located in a building that is adjacent to other buildings with other offices. These offices offer a great opportunity to network. Networking opportunities are restricted when 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 office has 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. You have the freedom to work at any time you want. Contrastingly, working from office is restricted to the opening hours and closing hours. In case you work from home, you have freedom to work with your own schedule 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 won’t have to pay other additional costs as you will just continue paying the normal bills.
You also maintain a high level of security when you operate from home. 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, however, got control over privacy in your home.

Your business is however limited in space size when you work from home. 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. A larger business needs a rented office while a small business can operate from home.