Managing a small business and trying to make ends meet is not easy. There are many factors that you will have to consider before taking every small decision. Regardless of whether you got a massive investment or you are using money from your own pocket to keep the business going, keeping an eye on your finances and eliminating unnecessary spending is absolutely crucial. Yet, many businesses proceed to find a fully furnished office space for rent. What is the better option? Should you stick to the desk at home or find a place to launch your business to the next level?
At home, it is easy to get distracted by many inconsequential tasks. The possibility of losing your focus and not completing the task at hand is very high. Although this might not seem like a strong enough reason to consider renting out space, it is important to keep this in mind. The entire office environment will also serve as an announcement to the world that you are very serious about what you are doing. Clients are more likely to appreciate the exponentially more professionalism that a furnished office rental exudes. It is an excellent place to create lasting impressions on your future clients.
One of the biggest issues with a home office is that it can be hard to get your clients to take you seriously when you are forced to hold meetings in a domestic environment. Although you might have allocated a part of your living room or hall for your professional requirements, this does not change the fact that there are many other typically domestic activities that keep happening in the background. Cafes and hotels are not always the best option in these circumstances. This is another reason why you should look into renting out an office space.
There are, of course, some cons of renting out office space as well. Working from home will eliminate the need for any commute. The time you save by not constantly driving through crowded city streets is immense. This time can instead be used to do other productive company-related work. There are certain tax benefits as well when you work from your own living room or basement. You will have to do a proper study of the tax laws in your country before arriving at a conclusion regarding this.
A rented office will ensure that your team is always working together. It creates a strong bond between the employees and it is much easier to get work done. A virtual team is by no means a match for a team that is always physically working together. Ultimately, the answer is not simple. Ask yourself if there are clients who constantly visit you. Do you have a massive team that is hard to manage virtually? Do you value your public image? Your decision will have to be based on the answers to these questions. If you are looking to portray your organization as a strongly professional enterprise, renting office space is the best option.
