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| Home Office Getting too Crowded |
For
many new small business owners, a home office makes the most sense. Being able
to work from home is an appealing concept for women today. The cost of starting
a business is relatively low and women can feel more fulfilled knowing all the
hours they put into work are to build their own business instead of someone
else’s.More than 60 per cent of
people who start a business are now doing so from home. From fashion design, IT
and catering through pet care and arts/crafts to accountancy and legal services
– you name it – it’s being run as a business from someone’s home. Most cities and
towns will allow you to run a business out of your home as long as you meet
certain criteria. A major benefit of using your home as your business location
is that you won't waste any time commuting and you won't incur additional costs
to rent an office space. The IRS also offers significant tax deductions for a
home office used for your business.
But there is also drawbacks to working out of home. A major drawback of working from home is that you can never truly leave work. Also, many types of businesses aren't suited to a home location. The advantages of moving out of your home office boil down to increased professionalism, more space to work and unlimited growth potential. Of course, with any advantage come a few disadvantages, but nothing that can't be overcome. For some people, the chance to move into commercial premises provides a more professional outlook, greater scope for expansion and the room to accommodate permanent staff.
For some businesses, such
as lawyers, accountants, insurance
brokers, & classes, most clients
either want, or need, to come in for face-to-face appointments. Other businesses,
such as advertising firms, may be able to service their clients while hardly
ever meeting them in the flesh. Before you move out your home office, read on
to learn about the pros, cons, and factors to consider when moving to a retail
space. There will be lifestyle and financial changes to your business if you
choose to do so. You probably considered these factors when you decided to
start a home-based business, but you will have to consider them again. If you can afford the move
and want to expand your business to a larger clientele and higher production
rates, then moving to a commercial location will definitely accomplish that
goal.But there is also drawbacks to working out of home. A major drawback of working from home is that you can never truly leave work. Also, many types of businesses aren't suited to a home location. The advantages of moving out of your home office boil down to increased professionalism, more space to work and unlimited growth potential. Of course, with any advantage come a few disadvantages, but nothing that can't be overcome. For some people, the chance to move into commercial premises provides a more professional outlook, greater scope for expansion and the room to accommodate permanent staff.
