Some home-based entrepreneurs are contented to start and grow their businesses from their homes. Others, however, consider the home office only as the first step in the business ladder.
Once the business moves on to the next stage, often within 15 months of starting the business, a number of entrepreneurs feel compelled to move the business out of the house and into its own office.
How do you know if it is time for your business to go downtown? We listed five indicators to help you decide whether your business stays in your home or go.
1. A home office is not working for you.
Try as you might, you simply are not cut to work at home. You can’t tolerate the seeming isolation, the lack of contact with another person outside your family circle, and the business appearance of a corporate office. Make the move to a downtown office if the additional profits you can generate from improved productivity far outweigh the savings you generate from working at a home office. Consider the expense and carefully check if your business can afford the price of an office.
2. Distractions hamper your productivity.
There are too many distractions at home for you. As a result, you end up doing nothing. The day passes by without you accomplishing anything. This is a far cry from the days when you work in a real office where you are able to check off a long list of completed tasks for the day.
Working at home, there are just so many things that keep your attention and focus: television, eating and sleeping, and yes, even your kids. You can’t concentrate on work while staring at your basement wall or listening to the chatter of your household.
After working from home, you’ve learned that you need the look and feel of a real office to be able to work. You need the opportunity to see and talk with other people, the impetus to really dress up for work, or the ambiance of a corporate office.
3. Your business is growing!
This is the best excuse to moving out of your home. The business has grown to the extent that it needs its very own space. It has graduated from what outsiders may refer as recreation business into a full-fledged serious business.
One indication that your business has grown is when you have more inventory you re your house can handle. Perhaps your business now requires more inventories than you have room for it (this assumes that your inventory is growing because you are able to move them fast, and not because you keep on buying items that do not sell). Previously placed in your daughter s room (whom you begged to simply share a room with her sibling), your stocks are now starting to overtake your living areas including the den. You simply have to move your business out of the house, or your family moves into another house.
The increased demand for your products or services may also result in your needing additional space for equipment that your present home office cannot provide.
4. You need to hire employees.
From a one-person business, you now need additional hand in your business. More bodies mean more space. Whereas before you can simply set up your kitchen table as your working table, you need to provide space and work facilities to your employee/s. Plus, you need to consider your family s opinion on having another person in your house five times a week.
It is also important to consider zoning regulations when you start hiring employees. One person coming to your house and working for you may be inconspicuous, but better check with your area s zoning board to make sure that you are not violating any regulations. Some communities prohibit non-residents to work in someone else s home office. Then there s the parking issue if your employees bring their car to your house and they park on the streets. If your employees encroach on another resident s parking area, or there appears to be too many cars parked along your property everyday, you may incur the ire of your neighbors who in turn can complain to the zoning board.
5. You want to present a more professional face to your clients.
Having an office downtown may be good for enhancing your image and generating more business. You can accept customer visits, without worrying whether your customer will trip on your son s toys or your neighbors getting irritated with the comings-and-goings of too many people in your house.
In addition, clients will also be more relaxed to deal with you in an office environment, rather than in your house where they may feel like they are intruding on your privacy. Some clients may not appreciate doing business with you while your toddler is clinging at your feet screaming and demanding for your attention.
Recommended Books on Home Office:
- How to Make Money Online: Learn how to make money from home with my step-by-step plan to build a $5000 per month passive income website portfolio (of … each) (THE MAKE MONEY FROM HOME LIONS CLUB)
- The Work-at-Home Success…Starting Your Own Home Business (Home Business 101)
- Home-Based Business For Dummies
- The Work-at-Home Success Bible: A Complete Guide for Women: Start Your Own Business; Balance Work and Home Life; Develop Telecommuting Strategies
- Home Office Life: Making a Space to Work at Home
- 10 Common Home Office Mistakes
- What Qualifies for a Home Office Tax Deduction?
- Top 10 Ecommerce Mistakes
- Pros and Cons of Financing a Business
- Starting a Home-Based Secretarial Business