As a business owner, I have spent time working from home and benefited from the flexibility and low overheads that come with being based in your spare bedroom. After a prolonged period there comes a time when you want to make the move to your own office, however, it becomes difficult to consider financially supporting a business that has not yet made a profit. For many small business owners or freelancers staying at home does not feel like a solution, especially when your long-term goal is to grow your business.
When coming to the decision to move from the home office to a new workplace, it is valuable to speak to fellow business owners and gain insight from their experiences.
I asked our members what they have gained from making the move from coffee shops and their homes, to Workplace.
Explore the advantages of making the move to grow your business:
1.“Growing my team”
As your business grows, so will your team. Welcoming a new team member into your home office isn’t just undesirable, it’s not feasible. Facilitating remote working is difficult and limits the amount of employee training you can offer, as well as building that all-important rapport.
2.“Separating work and home life”
Working from home ensures you’re accessible to everything and everyone. From the man reading the water meter to the children wanting help with homework. Boost your productivity, discipline and profit by separating your work life from your home life.
3.“A productive workspace”
Your environment spurs on your creativity. Working from your home office - often the smallest room in the house - or at your dining table, doesn’t encourage focus. As your business grows or your circumstances change it becomes time to make the move out of the home and find somewhere to call your own.
4.“Taking advantage of daily networking”
As you are scaling up your business it becomes more and more important to be visible. Being without an office means you don’t have that central location to invite suppliers, investors, accountants and customers for meetings. Hosting fleeting coffee shop meetings or repeatedly booking event space, just isn’t sustainable. The opportunity to have these meetings in your own office or lounge gives you and your business added credibility and makes your working day smoother.
This also gives you the opportunity to be networking without the effort with people who could help you grow your business as a future client or advisor.
5.“Building a foundation for the future”
You didn’t choose your home so that it could become your business address. Finding an office space for your business is certainly set to improve your postcode but it can also open you up to new opportunities. Working alongside other business professionals widens your network. Joining a workspace with the opportunity to meet like-minded professionals has given our members access to free advice, new business opportunities and a sense of collaboration.
Making the decision to move out of your comfortable, cost effective, home office can be a very scary notion. However, what I have learned from my own experience and from the members here at Workplace is to approach the move with an outlook that is set to scale up your business. There are also numerous health benefits from moving to a shared workspace including overcoming lonliness and depression.