Do you have a home-based business? It surely is one of the most fulfilling achievements you'll ever have especially if you do well.
Doing business at home has definitely gone a long way.
Building a company, managing a team, and strengthening your brand are now within reach, as long as you have a computer and a high speed internet connection.
So whenever and wherever you feel like doing business, you can freely do so at your own convenience.
And more individuals are now engaging on this hoping to experience the financial freedom they've longed for.
But as your home-based business grows, you may now realize the need for an expansion of physical space.
This, along with the following situations, may call for an official business center for your flourishing business.
To wit: • Regular meeting with clients and prospective clients, and your present home office may not be suitable anymore for such business transactions • You want to present your sales pitch to a group of people, so you need a better, bigger and more convenient space to do it • You want to train your team and conduct mini-conferences to improve, to maintain, and to ensure their level of competence, hence a space conducive for learning is what you needed Before you consider renting a wider and well-situated space that will serve as your new office, you should make a thorough analysis of the pros and cons in so doing.
You may contemplate on the following questions to determine whether having a physical office is more of an advantage or disadvantage to you.
• Why did you engage in a home-based business in the first place? • What are your goals in setting up a home-based business? • Have you reached your goals or are you almost there at present? • Have you made a cost-benefit analysis of having a physical office? Considering the above questions and some other factors might give you a clearer view of the situation.
Actually, you don't really have to abandon your home office and opt for a long-term lease or a monthly rental.
Doing so may cause financial burden in the long run for small businesses.
Studies show that the maintenance cost of an office consumes more than half of the company's income.
What then should you do with your budding business in this regard? Most entrepreneurs nowadays prefer executive office rental solutions.
Many establishments in major cities offer this type of service and provide workplace whether short term or long term, complete with amenities you require for any event.
What is the advantage of this option? You definitely save much of your time and money.
Renting an executive space only as needed provides all the amenities in an instant.
You will enjoy the stylish furniture, teleconferencing equipment, presentation screens, high speed internet, and even an overflowing coffee and other supplies.
Unlike setting up an office, not only that it's time consuming but it also requires much money.
And if you have a busy travel schedule, you may simply contact a company providing executive suites for rent.
You don't need to worry at all with your out of town needs.
There's always available place for meeting with your VIP clients and associates.
This just costs only a fraction of the monthly office rentals in major business districts.