When is the Right Time to Stop Working from Your Spare Room?

Are you currently running your start-up business from home? If things are going well you are sure to have considered the possibility of moving your business into its very own office. But when is the right time to think bigger and take the leap of faith outside your spare room and into more professional premises?

cluttered home office
photo credit: Royal Sapien via photopin cc

The very nature of 21st Century working means that home-based working is a very useful way of building up a business from the ground up, but a move into commercial premises offers a number of long term benefits to a start-up in any industry.

Here are some of the indicators that you may experience when the time is right to consider expanding your business’ horizons by moving into SME business space.

Growing workforce

Perhaps the most obvious indicator that the time might be right to stop working from home and move into credible business premises is the need for a growing workforce. It is unlikely to be practical to have people working at your home – it is not likely to go down too well if you live with a partner either!

Meeting clients

Are you increasingly required to meet new and existing clients? Ideally you would like to be able to host them at your place of work, but the dining room table may not have quite the right professional edge.

Steady income

If you are beginning to expand your client base and are comfortably turning over a profit with a steady income that is paying the rent, bills and more then it makes sense to use that extra cash to increase your work space and your capacity to take on additional work.

Regular distractions

Working from home has its benefits but it also has its problems, most notably the temptation to be distracted by household chores or the programmes on television or on the radio. If moving into an office would likely improve your productivity and foster the professional approach that any growing business requires then so be it.

Long term commitment

For many people who choose to work from home it is not a long term commitment. Either they are in between jobs and working freelance whilst searching for permanent employment or they may be students fresh out of university looking for some quick cash. But if you view your work as more than a fleeting venture then it may be time to take the plunge.

Whatever you decide, make sure you plan your next step carefully. Taking on an office with rental prices and the bills it brings is a decision not to be made lightly. However, if it is the right thing for the progression of your business then be bold and maximise your potential.

About the Author: This article was written by Cathie Sellars the Head of Marketing at Workspace Group. She is a Chartered Institute of Marketing graduate specialising in marketing advice for small businesses and entrepreneurs. With over 5.4 million sq ft of office space London-based home to some 4,000 businesses throughout the capital, Workspace certainly understands work space.