It’s not uncommon for small business owners to start their business from their home. It is convenient and smart in terms of cutting back on expenses such as rent, utilities, office overhead, etc. associated with renting office space. However, there often comes a time when you find ourselves outgrowing your home location and longing for a more formal, bigger space.
It’s a big move and one that most small business owners do not take lightly. Before taking the plunge, though, be sure that you have indeed outgrown your home office. Here are a few things to consider:
You need employees, but do not want them operating out of your home. If you find that you do not want to outsource additional work to another individual who can also work from their home, and you truly need employees at your business location, finding an outside space may be the best way to go. It assists in keeping your relationship with your employees professional and your home private.
Also note that the same could be said of customers. If you have experienced an increase flow of customers to your home, you may want to look for a more formal location. Furthermore, your muncipality may have strict rules on what you can and can not do in terms of operating a business from your home so be sure to check those rules out.
Give me space. You may find that you are expanding your product or service line and simply can’t because you do not have the space to accomodate the growth. If you find that you can’t utilize another part of your home or building-on is too costly of an option, it may be time to look elsewhere.