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Working from home can be fun. You don’t need a fancy wardrobe, you don’t have to fight traffic, and you can work when you want.
But maybe you need to add employees as your business grows, or your kids are a distraction, or you don’t have enough space for an expanding inventory. If you think it is time for moving office from your home to an actual office but you don’t know where to begin, here is a simple list to get you started.
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Do you need just a desk or are you growing fast enough to need a full office space with room for others?
Let’s start with a desk, just a quiet place to work. Co-working spaces are popping up in many urban areas. These spaces are great for small operations. They provide standard office equipment like printers and copiers. Plus, they are available by the day, the week, or the month. Conference rooms are available for meetings, and some spaces offer private offices, too.
Co-working spaces are great, but they are not ideal if you have employees or need room for storage. If you are looking for only a couple of rooms, check with office buildings in your area. Sometimes a building appears full, but there are a couple of open rooms that might be available for lease. You will have to provide your own furniture and equipment, but you probably already have that at home.
A good rule is to figure out what it costs to rent the space you want, and then take that money out every month and put it in savings. If you can get by without touching it, then rent isn’t a problem. But rent is not the only consideration when you’re moving office. A down payment may be needed to secure space, your growing business may need employees, or there could be other unexpected expenses as you are getting your office set up.
Short-term working capital loans could be the way for you to get that extra cash. Rather than deal with a large bank that probably requires collateral for a loan, check online with some of the non-traditional lending sources. Online lenders make the application process simple and offer a quick decision based on your real-time business data.
Don’t forget that once you decide to move, you need to let your clients and customers know where to find you. For most businesses, it is as simple as filling out a change of address form, either at the local post office or online.
Notify the appropriate government offices when you’re moving office. And don’t forget your website and social media. Make sure you edit your contact information once you have moved.
Once you decide to move to an office, you won’t be able to work in your pajamas, but you will have a more professional place to work. You’ll have fewer distractions and an office where you are comfortable inviting clients to visit. Plus, you can put your car in the garage again because it won’t be full of office supplies and inventory. You might lose the fun aspects of a home office. However, you’ll feel more productive and professional in an office space.
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