Pros & Cons Of Having A Premises For Your Business

Is it worth having a home office or an office with a physical address? Depending on how many hours you work, you could even end up having both a home office and work outside of the home. Find out what is best for your situation.

Pros & Cons Of Having A Premises For Your Business

Every business owner at some point will usually have to decide if they want to take things to the next level and move their business into a physical premises, and although this is certainly one of those decisions that only you can know when the time is right and can decide for yourself, it’s not always the easiest thing to decide since there are a lot of other factors that can go into moving to a physical office and it may or may not make sense for your business.

Whether you decide to get your own office or continue to work from home and then use a service that will provide your company with a physical address for official purposes, in this post, we’re going to share with you the pros and cons of having a premises for your business.

Pros:

It’s great for building a team:

Part of building your business is being able to build and scale things through having a team that can support you, and if you have a physical premises, then this is going to be so much easier to do. Of course, you can still work with freelancers or even build a remote team, but just having the option to have a team who can come into the office when needed is going to make a big difference in how things can be structured and keep it more organized.

It’s great for meetings:

Whether it’s meetings with your team, potential clients, or even suppliers, then having your own office space is definitely a lot easier when it comes to arranging meetings and interviews that you wouldn’t really be able to have without much advance planning if you were working from home and having to meet people in coffee shops or other public places and this can also have a big impact when clients get to see you face to face.

It can seem more professional:

Although having a physical office really means nothing about your ability to do your job and run your business, it can create an impression in people’s minds that you’re more professional and legitimate, so this can definitely make a big impact on your business overall and can improve things like the amounts of sales you make and the kinds of clients you’re attracting.

It can offer better work/life balance:

Work/life balance is something that many business owners struggle with – especially those who work from home since there’s a struggle to switch off at the end of the day when you work and live in the same place. So, having your own office can really help with this since you’re more likely to have an actual set working hours that allow you to go home at certain times and have your downtime which is definitely important for creating that essential work/life balance.

Cons:

It can be expensive:

It’s no secret that having your own office is an expense. Whether you buy or rent, it’s definitely going to cost you, so it’s important to make sure that you’re able to afford the office and that you’re making more than enough to justify it so that you’re not going into debt for something that you don’t actually need. Many business owners make the mistake of getting an office for the wrong reason or for having one because they think it will make them successful, but really this shouldn’t be a focus until it’s needed.

It’s a big responsibility:

From keeping the place running financially, to maintaining the equipment and just the general running of the place, having a physical office is definitely a big responsibility, and not just from a financial perspective, so you need to make sure it’s something you’re really ready for and that you’re able to take care of all the extra things that the business will need.

You may have to commute:

One of the biggest benefits of working from home is that you avoid the dreaded commute.  When you have an office, you will then have to deal with the fact that you will have to commute.  Your office doesn’t have to be far, but it’s still a trade-off of having your own office. Consider your options on what you’re willing to do, commute or work from home.  Then, start looking for places that are close by, so your commute is too far from home.

Signature

© 2019, Beauty Brite. All rights reserved.

About Admin

Stephanie is a single mom to a teen with Autism. She is a new homeowner and starting a new chapter! Feel free to contact Stephanie for more information on how she can help your company.

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: