Do You Need to Move out of Your Home Office?

Do You Need to Move out of Your Home Office?
  • Opening Intro -

    If you run your own business, the chances are you started by running it out of a home office.

    When starting out most people have a limited budget, so do not really have enough cash to lease an office.

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Instead, they run their business from home. This solution works well, but only up to a point. The trick is to recognise when it is time to take the next step and lease an office, and that is what this page is about. We want to help you to determine whether you should be simply refurbishing and extending your home office or leasing one instead.

Can you afford to lease an office?

Naturally, the first consideration is whether you can afford to lease an office. You need to be making enough profit to even consider taking the step of opening an office. If you think that you have enough cash available the next thing you need to do is to find out how much it costs in your area.

Look first at leasing office space in the suburbs rather than in the centre of a city. Example, the cost of office space in Wimbledon is going to be much lower than the cost of leasing space in the centre of London.

When researching costs you need to factor in the cost of paying for services such as phone lines and a high-speed internet connection. Also, remember to include the cost of your own commute and the costs of parking your car or company vehicles.

Will it benefit my business?

Once you have established the fact that you could afford to move to a leased office you need to double check that doing so will actually benefit your business. Here are some of the things you need to consider.

Company image

One of the biggest benefits of moving away from a home office is the fact that you look more like a serious business. People definitely expect the firms that they use to have real offices. This is especially the case if you are chasing big contracts. Whilst people are happy to give small contracts to small firms, they are less likely to want to do so for big jobs. Even if you have the experience and capacity to handle big jobs, it can be hard to convince a potential client that this is the case if you run out of a home office.

Better accessibility for customers

If part of your sales or delivery process involves client meetings it is much better to use a traditional office for this. It leaves a better impression and it is normally much easier for them to get to a proper office because they are located close to a good public transport network. For those clients who travel by car parking is rarely an issue.

A better home work life balance

No matter how hard you try when you run a business from home the lines get blurred. It is just too easy to slip into your home office to clear up some paperwork only to end up staying there until one in the morning. If your business is based away from your house, it is much easier to separate your work and home life.

Switching from a home office to a commercial office makes sense for most firms and is certainly something you should consider doing if you run your own business.

Image credit: Home Office by Christian, on Flickr

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