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  • September

    11

    2018
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HOME from HOME

HOME from HOME

Where is the right place to base your business? The answer to this is there is no right place to set up your business, it really depends on what stage of your venture you are at….

Working from home is a popular option as it keeps costs low and can provide a familiar environment and eliminates the delay of launching your start up.

Pros
-Cuts the commute
-Saves money (not over-committed)
-Increases efficiency

Cons
-There may be legal constraints e.g. covenants in the deeds
-Challenge of separating home & work life
-Getting distracted by family
-Risk of becoming isolated

 

Alternatives –

Co-working hubs

Pros
-Counteracts the isolation
-Good networking
-Creates a work life balance

Cons
-No privacy (for calls etc)
-Increases your costs
-Can increase pressure

Other options to consider –

-Renting desk space
-Serviced offices
-Dedicated premises – lease your own space

So, there is no right answer but starting a property business can be lonely and just like any other business it is important to know when you have outgrown the current space you are in.

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