In the contemporary world, many people debate whether they should work from home or shell out the money to rent an office space. There are several factors to consider before deciding on whether to work at home or rent office space. Some of the critical elements you should look into include your ability to get work done at home, the location of the office space, the cost of renting, and more. Remember, there is no single answer to this dilemma – you simply have to choose the best option for you and your needs.
It is essential to take a look at the advantages and disadvantages of both renting an office space and working from home so that you can choose the option that suits you and your company. You can rent an office space depending on your needs, the location, and the size of your pocket.
Pros of renting an office space -Limit distractions
Working outside of your home can limit the likelihood of distractions since you are working in an office. Working from home can be tough, especially if you have kids, pets, and other things that can sidetrack your concentration.
Pros of renting an office space – Set boundaries
Working from an office allows you to set boundaries. You can limit work-related matters to the workplace, and enjoy your time at home. Also, it is easier to balance work and family because you have a clear boundary between them.
Pros of renting an office space – Stay professional
Having an office space is ideal if the your business requires customers or clients to visit business premises to acquire the service or product. At times, it is worth renting an office to maintain an air of professionalism as well as authenticity that you can’t recreate in your home.
Regarding the cons, it can be expensive to rent and equip an office. Also, you may have to spend time on the commute to your office and there is less time to attend to chores at home.
Pros of working from home – Saves Time
When you choose to work right from your home, you can save a great deal of time since you do not have to commute. You can use that extra time to better your business or spend it with family and friends.
Pros of working from home – Eco-friendly
When you work from home, you help keep the environment clean. There won’t be any more exhaust fumes from your car as you commute to workplace and back.
Pros of working from home – Economical
Working at home can be a lucrative idea because when you are working from home, you do not have to rent a space, pay electricity bills, or even commute to work.
Pros of working from home – Flexibility
Working from home has been found to be very flexible. You can set your own hours and work while on the go, conducting your business in the way that will be most comfortable and convenient for you.
Regarding the cons of working from home, there are more distractions at home such as pets, children, and chores. Also, you may not have enough space to accommodate your growing business. In addition, working from home is usually not suitable for business that requires face to face interactions.