Business Tips 101: 5 signs it’s time to upgrade to an office space
A home office is an office space at home to run official business functions. Start-ups and entrepreneurs commonly use home offices as their very first office to lower the cost of operation. However, as a business owner, there will be times when you feel ready to move out of your home office to an actual office space.
Here are five good indicators to start packing and move to an office space.
Your business is growing quickly
Take a look around your home space. If you feel like your home space is turning into an office space with business inventory occupying more than 50% of your home space or space to work, it’s time to set up an office elsewhere. You can always start by renting a small office space of a good size to fit your business items and office equipment so that the cost of renting an office space is minimal and upsize accordingly.
You are hiring more employees
As your business grows, you will need more manpower to help you in the daily operation of your business, as it will be hard to do everything on your own. When that time comes, you will need to hire more employees, and it might be hard to fit everyone comfortably in your home. This will be the right time for you to look for a new space that is big enough to fit your team and workflow.
The lack of space to store business inventory
Planning to bulk up on inventory for the upcoming festive sales? If this is causing you a temporary space problem, you can always rent a self-storage unit at a storage provider such as Extra Space Asia Self Storage, where you will enjoy unlimited space to store all of your business inventory. Renting a storage unit is like an extension of your office space where you can access your goods and inventory 24/7, any time, any day. You can also be assured that your items are in good hands with the 24/7 CCTV monitoring in the storage facility area. With a wide storage size available at the storage facility, you will also be able to affordably find a storage space to store all of your items. If you need storage assistance, you can always contact 3974 6000, and Extra Space Asia Self Storage will assist you accordingly.
If this space-related problem is a long-term issue, you can always find an office space near a storage facility. This way, you will be able to enjoy ample space for your goods and also a comfortable room to operate your business.
The lack of space to hold client meetings
When you just started your business, most of your client meetings might be at home or a local coffee shop. However, as your business grows, it might look unprofessional to hold all the physical meetings in your home. Firstly, there might be limited space to move around. Secondly, it might be hard to speak about confidential matters with all the employees in the same room. As such, it’s good to consider renting an office space with some rooms so that each function can have room to operate clearly.
Too many distractions at home
We can all agree that working at home is comfortable and ideal for most as everything is within reach. However, it’s not always the best place to work as distractions are too many at home for us to work in peace. Especially if you have kids or rowdy pets at home, distractions make it challenging for us to engage in deep work and stay focused during a meeting.