Work from Home or Rent an Office?

When starting a business, one of the first decisions you have to make is whether to work from home or rent office space. Both of these options have the pros and cons. Before making a decision, look at all sides.

Working From Home

Pros:

  • Saves money. With your business just starting out, you can save a lot of overhead by setting up a home office, particularly if you don’t have a lot of start-up cash.
  • Shorter commute. The temptation to just roll out of bed and into your office is alluring.
  • Flexible work hours. When your office is in your home, you can easily work during non-business hours without inconvenience.
  • Home-office tax deduction. When you work from home you can deduct a certain percentage of your home costs from your taxes.

Cons:

  • Procrastination potential. With so many things to grab your attention at home, you may find it difficult to get work done.
  • Become a workaholic. If you have a hard time not working, having a home office can make that worse. Checking you email can turn into hours on the computer before you know it.
  • Interruptions. When you’re home, your family might think you’re available when you really aren’t. Getting work time respected is difficult with a home office.
  • Limited space. Unless you have a large free space, you might find your work paraphernalia doesn’t really fit your home.


Rented Office Space

Pros:

  • Separation of work and home. When you have separate spaces, you can devote your attention to both more effectively.
  • Professional presentation. When you rent a separate space it’s easier to bring clients into your office. Even a small office can project a professional image.
  • Greater productivity. Without the interruptions of home, you will have more time to actually get work done.
  • Adequate space. In a dedicated office you can take up as much space as your business needs. Need more space? Rent a bigger office.

Cons:

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