Home vs. Renting Or Buying For Your Business
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Making the right choice for your business location is key to your success, and there are some advantages as well as disadvantages to be taken into consideration when deciding on working at home or investing in an outside office space. Of course you save money working at home, but you could be faced with the dilemma of family and friends who don’t think that you are actually working, simply because you are at home during the day, and they therefore think that you are available to run all their errands. This is especially a problem for women who may have friends who work jobs away from home and don't seem to have time to do the things that they need to do after work. These friends find it difficult to understand that even though your business is at home, you have just as much work or more as they do.

This is a difficult situation for many business owners who find it hard to say no, although with a day care provider, it’s obvious that you can’t drag several children along to run errands and take care of chores for friends and family.

Now, if your business doesn't require a separate facility, it's much cheaper to operate out of your home than it is to incur the expense of investing in a separate facility. And, if you use a separate building, you could run into deed restrictions that prohibit you from operating some types of businesses, and you will need to apply for a variance. In most cases, these restrictions are the result of potential increases in traffic, which could create problems. For example, there could be a problem if you are planning to open a retail shop over your garage, since there is likely to be a constant flow of traffic to and from your home. The same may be true for secretarial services, because even with scheduled appointments, you are liable to have people who want to drop in to deliver or pick up work, and you may not wish to turn them away.

If you have young children you could have a problem if your business is in your home because of the number of distractions. If you consider operating your business out of your home to avoid daycare costs, you might want to reconsider unless it is in the field of freelance writing and editing. If you have clients coming to your home, or you perform freelance legal or medical transcription, you will need to be available during the daytime to perform these functions, and you will need to be free of distractions. Thus, you will still need to place your children in daycare if they are pre-school school age. If they are in school, you may still want to consider after school care unless they are old enough to understand that you are working and they are able to come home and participate in quiet activities until you have finished your workday.

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