For many small business owners the first steps into entrepreneurship start in the famous garage or the living room. But the moment everything is in place and official you will have to ask yourself if an office space is needed, or if you can continue working from home. As a business owner you have to ask yourself a few basic questions to determine whether you need your start-up to be found in an office complex or if your home office will do the trick.
If your business is already at a point where you hire employees, you might want to think about an office space. You do not want to have your employees sitting in your living room. Also a business that requires frequent meetings with clients is better off in a professional environment, as it will gain your clients trust and make your company look competitive. Another reason to rent out office space is clearly the advantage of looking the door behind you and leaving work where it belongs – It might be very stressful if you never have the chance to escape the paperwork and the feeling of being at work.
But for many young entrepreneurs the monthly budget will not go as far as paying for an office and luckily it is not a must. Especially businesses that provide online services can use the advantage of working from home and save the rent money. With the right setup and the right mindset the home office can be very sufficient.
If you are living within an area that is far away from a big city center you will also find that it is very convenient to work from home. Long distance travel to and from work will cost you time and will test your patience. Overall you will find that the home office has its good and bad sides. If your business is successful however, at somepoint a nice, professional office will be in your future.