Today, we’re tackling a big battle regarding business; renting an office vs running a company from home. We take a look at the benefits of each option to help figure out which one might come out on top.
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Renting an Office
Renting an office is definitely the more traditional approach to running a business. With an office, you get a lot of benefits that you won’t get if you work from home. For one, you get the benefit of easy network links. If you rent an office, you’ll be in an office that’s probably in a building with plenty of other offices that’s near a building with many more offices. This means you will find it easier to network with other companies and forge friendships that may help your company. When you’re at home, you don’t get this benefit.
Furthermore, offices can be a lot safer than homes. With an office, you have much tighter security that helps keep everything inside your office safe. All offices have contracts with commercial security system installers to ensure the building is secure and no one can break in and steal information. Homes don’t get the same level of security, no one is monitoring your home office every day!
Thirdly, one of the main benefits of renting an office is that you get more space. You have a much larger workplace, meaning you can work alongside your employees. If you keep everyone in the same place, this can be beneficial, . particularly for communication purposes. When you work from home, you’re restricted on space and your employees will have to work remotely.
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Running A Business From Home
There are plenty of positives to running a business from home in comparison to renting an office. For example, you get more freedom at home. You can work wherever you want, and make yourself more comfortable than you might be able to in an office. You can also work whenever you want too. In an office, the building may open and close at certain times, meaning you can only work at certain periods in the day.
Next, you have the benefit of lowering your business outgoings by working from home. You won’t have to pay rent on an office, which can save you a lot of money. You’ll just pay whatever bills or rent you already pay for your home.
Finally, you have more privacy at home. While an office may give you a chance to network with other businesses, it can also mean your privacy is invaded. Clients from other companies might accidentally knock on your office door and cause disruptions. Plus, there may be more noise from other offices and the busy street outside too. At home, you’re nicely tucked away in your bedroom or home office, and everything is quiet and private.
In summary, they both have pros and cons. Ideally, renting an office is for bigger businesses with lots of employees that need the space and the location. Running a business from home is better for small business owners that don’t have a lot of employees and don’t need much space.