This morning I am going to check out office space. I believe I am ready to move from my kitchen table! It is a big step for me. There are certain benefits to working from home, the biggest is the cost savings. I have researched 3 temporary office rental companies(in which you can rent space on a monthly basis) and the minimum that I will be shelling out is $425/month for a cubicle.
What $425/month equates to for my business is about 5 minimum order sales. So I have to ask myself if it is worth it to take this next step. Am I ready for this new big expense?
For a big company, $425/month is nothing. The expense would be a no brainer. But I have to think about every dollar I spend. I also have to remember the old saying, Don't be pennywise and pound foolish. Oftentimes, my frugality works against me.
I had trouble spending the $30/month on my credit card processing service--I did not want to spend that much! But as my father in law pointed out to me,"If you can't spend $30/month-you might as well not have a business". He was right, and even though I don't use the service a lot, I still need to have access to it.
Benefits to working from home are:
1) I can work in my PJ's if I want.
2) My desk and work are right here and I can access them at anytime of the day/night.
3) I can do the laundry and dishes in between calls.
4) No rental costs for company.
5) No transportation time.
But here are some perceived benefits from working from an outside office(I say perceived because I haven't experienced them yet).
1) Motivated to work harder to pay for added expense.
2) Motivated by working around others.
3) Motivated just from getting out of the house!
4) With other workers around, I may get to network or at least have conversation with others! (Big plus!)
At this stage(for me anyway), I think the benefits of working in an office outweigh the benefits of staying at home. I need the outside interaction. BEST OF ALL: These new month to month rentable office space companies allow you to start slow and test what it feels like to be in an office. I like the business model of these companies, reminds my of car sharing companies like ZIPCAR, only it is office sharing!