Don’t Rent Office Space Just Yet!

In What You Need To Know About Small Business on July 24, 2017 at 7:54 am

Have you been considering moving out into a larger office space? Sure, all that extra room will go down really well, but are you sure that you can afford all that extra rent each month? Here are some reasons why you shouldn’t rent just yet.

There’s Only You

If you are the only person working in your company, are you really sure you need to rent an office? Surely, your home office will do perfectly well, right? You will save a lot of your money if you just convert the spare room in your home to a home office. That way, you won’t have to spread all your work out across the dining room table, and you can have your own room whenever you need peace and quiet. Some people who work from home simply rent an office space just to inflate their ego – don’t be one of them. You’ll find that it is a very costly way to massage your ego!

Why Not Buy?

If you decide that your home office is getting too small, or you want to see about hiring some employees, then you will need a dedicated office space. But is renting an office really the best move? When you rent, you have to pay monthly rent for not much in return. However, if you buy your very own office, your monthly mortgage payments will at least end up accumulated in an investment. If there are no suitable offices for sale in your area, you meet with some commercial builders could always see about building your own office. That way, you can create your ideal work-space!

Is Your Current Space Really Too Small?

If you are already renting an office but feel that the space is quite small, you might be thinking of upgrading and moving to a larger space. However, with larger office spaces come much higher rents. So, it is important to figure out whether your office space really is too small. For instance, you just need to try utilizing it better. There are lots of guides online that can help you make the most of your diminutive office.

Try Hot Desking

Of course, you could try hot desking. This is a great idea if you can’t afford buying or renting a new office. There are lots of co-working spaces that offer hot desk options. You just need to book a desk for a few days per week. As these types of co-working spaces are very flexible, you don’t have to commit to booking a desk for the same number of days each month. You just sign up for one whenever you need it. This gives you the chance to work from home some days if you want to. But whenever you need to focus in a peaceful environment, you can always get a hot desk!

So, as you can see, there are lots of great alternatives to renting an office. Which one do you think will work best for you and your company?

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