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Work From Home or Rent an Office? Pros and Cons

Take 60 seconds to fill out an application and let us do the digging. A spiritual successor to the iPhone 8, although more similar to I do pay for a faster Internet connection at home, but I deduct part of that, too, and my wife benefits when she comes home and surfs the Web. Bank offers its Jos. When you work from home, it can be challenging to separate your work and personal life. I am very productive from a whole room properly fitted out as a modern office and I have a very understanding and supportive wife.

When you work from a home office, you save a ton of money on rent and extra services like Wifi. Deductions. When you work from home, you get to deduct a portion of your mortgage, utilities, and technology services from your taxes.

Working from Home

I participate in a shared office space in Boston called Officio. Membership allows me to get out of my square foot apartment in Boston, hold meetings with clients, and network with other entrepreneurs.

It also helps me stay focused and avoid snacking all day. This allows me to use the space 5 days a month. To increase your efficiency and earnings. I can make more money because when I am at the office, I am totally focused on getting work done. Since having my own office, my income has just continued to grow. For the technological perks. I rent space for many reasons, depending on what I need to do for my business. In some office suites, they have video-teleconferencing capability, which is particularly advantageous if you have clients in multiple locations or internationally.

Some peer-to-peer tools e. Photo courtesy of Wikimedia Commons User Ragesoss. To read more of her writing, visit AmyLevinEpstein.

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According to freelancers, here are six reasons to consider it: Featured in MoneyWatch How much did the financial crisis cost you in dollars? End of the road for the VW Beetle. Spending money on a retail store or renting an office is expensive. You have to pay rent, utilities, security, staff and more just to keep it running. Your profit will end up going towards these bills instead of investing in more inventory.

Big name stores occasionally run into this problem when they open too many stores that eat up the cash flow. Sometimes all it takes to make a purchase is the right person walking by a store to be intrigued enough to stop in. You could miss out on lifelong customers because you did everything from home, online and without a store front. When you work from home, you lose some anonymity. They may not feel safe stopping by your home or trying to access it when they could just go to a regular retail store to make a similar purchase.

Lastly, how do you separate your private life from business? While there are pros and cons to both situations, consider the field you are in and what makes more sense for you when deciding if you should open a retail space or rent an office. Should you Rent an Office or Work from Home?

Why you Should Work from Home There are some great reasons to just work from home. Related Small Business Posts: Conversational is the leading virtual receptionist , virtual assistant , and call answering service provider in North America. With a team of skilled, friendly virtual receptionists and virtual assistants paired with our cutting edge technology, we're dedicated to delivering a great experience to your callers at a price you can afford.

Why you Should Work from Home

Why you Should Rent an Office. Sometimes it’s smarter to rent an office or open a retail store. For example, you’ll end up missing out on foot traffic when you try to do business from home. Sometimes all it takes to make a purchase is the right person walking by a store to be intrigued enough to stop in. The trend of coworking spaces is growing every year, and many entrepreneurs and startups are happy to finally have a space to call their own without paying for their own commercial space. People around the world are becoming increasingly entrepren. Work From Home or Rent an Office? Pros and Cons. Being self-employed often means deciding whether to work from home or rent an office. Here are the pros and cons, along with tips to .