Thanks to the internet, it is now easier than ever before for many people to set up their own businesses from the comfort of their own homes. Now all you really need is a great idea, an internet connection, and the drive to make it happen. However, that doesn’t mean that you’re going to be able to run your business like that forever, but rather that it’s a fantastic starting point. Sure, you might start out working on your own out of your spare room but eventually, with any luck, your business is going to start to outgrow that setup, and you’ll need to expand. This usually involves two things. Firstly you need to bring in more people to be a part of your business. Secondly, you will need to find premises for your business beyond your home office. There are a few ways in which you can do this but here are some of the best places to start.
Renting a space
The most obvious thing to do is to find an office space, usually a single floor in a larger building, and renting it out as the location for your business. There are a lot of advantages to this way of doing things. First of all much of the infrastructure is already in place in these kinds of spaces. You’ll often have electrical outlets and light sources already installed, and you can be pretty sure that things like phone lines and internet connections are going to function correctly. However, there is also the issue that, as with any rented space, you’re essentially throwing money away on the cost of the space rather than being able to invest it back into the business itself.
Building a space
On the other hand, you could build a specific space for your business. There are a few reasons why you might want to do this ranging from the need for a very specific kind of space to fit your needs, to the fact that you might not necessarily need anywhere near the amount of space offered by large offices. This is especially good if you want to, for example, build a small office in your yard where you and a few other people can work. This can be a surprisingly cost effective method with the cost of metal buildings being far lower than what you might expect. Not only that but you have a lot more freedom to expand as your business grows.
Of course, the way that you expand might not necessarily be into the physical world. Thanks to services like Skype, Slack and other conferencing software, remote working is becoming and more and more viable option for many businesses. This means that you might actually create shared spaces for yourself and the other people in your business entirely online without actually having to grow out of your home office. This is, obviously, one of the most cost effective methods of growing your business but you need to be sure that you can handle the fact that the chances of working in the same space as the other people in your business are somewhat unlikely compared to the other expansion methods that you might choose.
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