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Home office vs business accommodation

Home office vs business accommodation
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Home office vs business accommodation
Siobhan Stirling - Sharp Minds Communications by Siobhan Stirling - Sharp Minds Communications
Owner/Director - Sharp Minds Communications Ltd

Many business owners start off in the spare room or at the kitchen table; there are obvious advantages, such as little or no overheads. Business accommodation is always an additional cost, but brings benefits that a home office can’t deliver.  We weigh up the pros and cons of each.

Working from home

If you’re just starting your business now, you may well opt to work from home. It’s ideal for you in a number of ways.

Pros:

  • Lower costs: Without overheads weighing you down, you’ll be able to focus on spending more time and money on your actual business development, rather than worrying about heating bills, insurance and other costs.
  • Immediate access: Depending on the way you work, this could be a good or bad thing. Obviously, it’s great to be able to just walk into the next room whenever you have an idea about progressing your business. However, this may lead to more stress as you’re constantly at work.
  • No commute!

Cons:

  • Distractions: It can be very easy to get distracted at home, from catching up with day-to-day chores to other family members calling for your attention.
  • Unprofessional: As your business starts to grow, you’ll need a meeting place and address that reinforce your brand. An obvious home address and lack of professional meeting facilities can hurt your reputation and become a problem in the future.

Moving into an office

If you’ve decided that it’s time to move into an office, you’ll need to consider a few things first.

Pros:

  • Productivity: Being in an office can provide an atmosphere that is more productive and will separate your personal life from your professional life.
  • More space: This is an obvious one. If you’re moving into an office, you’ll most likely have more space, enabling you to set up more hardware, carry more stock and perhaps eventually bring in new employees.
  • Professional environment: You’ll have the right space for meeting new clients, investors and collaborators.

Cons:

  • Costs: This is the biggest reason people don’t want to upgrade to an office; it’s bound to be more expensive than working from home.
  • Commitment: Going from your cosy home environment to a more professional office can be daunting, as it generally means you have to commit to a lease for a year or even more.

With CapitalSpace’s flexible monthly contracts, you don’t have to worry about being stuck for a year in an office you have already outgrown or can’t afford; our flexible terms enable you to scale up and down with ease.  Along with this, you now have somewhere with facilities like printing and photocopying, CCTV, high-speed internet connection and free parking. 

To find out how Capital Space business premises could benefit your growing business,  call 0800 107 3667