For entrepreneurs and small businesses, a home office is a great place to start. It allows you to save money on overhead costs, as well as commuting, and since many new owners work long hours trying to get their business off the ground, it’s also super convenient. But as your business grows, a home office can actually start to hinder your success.
To help you determine if working from home has stopped working for you, here are 5 tell-tale signs that it’s time to move your business out of your home and into a professional office space.
5 Reasons to Lease Office Space
You Need to Hire Employees
Are you struggling to do it all on your own? If so, it might be time to hire help. Some positions, such as salespeople or field technicians, may be able to work remotely, but if the job requires in-office personnel, you’ll need to consider office space. This is especially true if you have children or other family members at home, or you need employees to work in the office while you are out.
Your Productivity is Suffering
While it’s nice to be near family and all the creature comforts of home, these perks can easily become distractions. The responsibilities of home and work can start to blend and all of a sudden you’re doing laundry instead of working on your marketing plan. If you’re having trouble staying focused and on task, or finding it difficult to work uninterrupted, your home office may actually be working against you.
You’re Feeling Isolated
Many remote workers are surprised by how lonely working from home can be. So much business is conducted digitally that literally days can go by without any human interaction outside of texts, emails and chats. If you’re home office has started to drain your energy and motivation, consider renting space in an office park, where you’ll be surrounded by the buzz of business and other people.
You’ve Outgrown Your Space
Has your once humble workspace taken over the house? A growing business tends to accumulate technology, inventory and a lot of stuff, in general. Maybe you’ve held off on buying things your business needs because you don’t have the room. If your home office is overtaking your personal space, or physical limitations are preventing you from expanding your business, this is a sure sign that you’ll benefit from leasing office space.
You Need a Place to Meet with Clients
There comes a point when your kitchen table and coffee shops aren’t cutting it for client meetings anymore. Perhaps you’ve started courting more sophisticated clients with higher expectations, or maybe even your existing customers have started to question when you’re getting a “real office”. By renting an office, preferably one with meeting space, you’ll appear more stable and professional.
Finding Affordable Office Space Near Boston
If you’ve decided that now is the time to move out of your home and into a professional office, check out these resources to help you on your quest to find the perfect place.