Whether you are a newbie of have been in business for a while, there are certain decisions which have to be made in order to ease your business and allow for expansion. One of the most common questions business owners ask Austin Tenant Advisors is whether or not their businesses need an office space or would suffer grossly without one.

While there is no straight answer to this question as it depends on the facts, type of business and other factors, below are the pros and cons of owning an office space.

Office Space

The pros of owning an office space

Distractions.

Office spaces are great way to get you out of the usual distractions which are a huge part of working from home. In most cases, working from home does not allow you reach the full potential of your abilities.

Boundaries.

Working from home allows you set certain business boundaries especially regarding the time invested into your businesses. When working from home, it is easier to call the day off compared to leaving an office without having actualized what you set out to do.

Working with a team. 

Working with a team may essentially be stressful and less professional from your garage. Getting an office space gives the employees and partners the advantage of space and an official setup which adds a level of responsibility and dedication to the business.

Perception. 

When your businesses is one that requires the presence of clients ad corporations, working from a garage space can hurt the reputation and perception of the business in terms of the quality of services delivered and more. However, an office space gives the business more credibility and as such increases the perception of professionalism.

Cons

Inefficiency.

When you are at work, it makes it harder to combine the demands of the workplace and the home which you may already have been used to thus leaving either the workplace or the domestic area suffering at some point.

The Commute. 

One of the greatest disadvantages of owning an office space is the distance between the home and office space and the stress associated with the commute.

Expenses.

Owning an office space increases your expenses with regards to the rents, transportation cost, cost of installations and more.

Reduced productivity.

While an office space may give the employees the much needed feel of commitment and dedication, this also means that it allows persons to meet in person which may otherwise reduce the productivity of business partners and employees.

Distractions.

One of the biggest disadvantages of working from home is the increased presence of distractions which makes it uneasy to get work done. However, the office space also presents itself with some distractions which can reduce the efficiency and effectiveness of work done and overall productivity. Coworkers may prove to be constant distractions who will not allow you concentrate on getting work done thus reducing your productivity.

Overall, there is the need for businesses owners to weigh the pros and cons of owning an office space or not thus helping them reach the much needed decision on whether or not to speak to Austin Tenant Advisors on whether or not they need an office space for their business. Learn more about office space design and why it matters at https://www.austintenantadvisors.com/blog/future-office-space-design-focuses-employee-engagement/