home office

10 Reasons To Move Out Of Your Home Office

Kurt GraverBusiness Development, Business Start-up Advice

Most small businesses start from a home office. Some do this by choice. Others think they have to work from home to keep costs down. There are many benefits to working from home – for some, it provides them with the perfect work-life balance, and they are happy to remain small.

However, suppose you hope to grow your business. In that case, I recommend moving out of your home office into a shared office environment. Co-working has reduced the risk of moving into an office for small-business owners and freelancers. You can hire a desk for all or part of the week flexibly.

Co-working provides all the benefits of working within an office environment without the associated costs or risks.

Here are some of the top reasons you should consider moving from your home office into a co-working office space:

1. New Ideas

Ideas are the lifeblood of a business. Moving into a co-working space allows you to observe how others approach work and treat their customers. This can help spark new ideas and solutions for your own business.

You can see how other small business owners tackle problems, develop creative solutions, and leverage technology. Exchanging ideas with others in a collaborative environment breeds innovation. Even overhearing conversations around you can provide valuable insights.

Fresh perspectives gained from surrounding yourself with other entrepreneurs can enhance your creativity and problem-solving abilities. Your thinking can become limited and stale when working in isolation at home.

2. Networking Opportunities

By choosing to move to a more central, accessible location, it offers you more opportunities to network and promote your business. A co-working space makes it easy to connect with other professionals face-to-face.

Networking is vital for growing a small business. You can build relationships with potential partners, clients, investors, and mentors. Many co-working spaces host networking events, speaker series, and workshops that support networking.

You never know who you might meet that could take your business to the next level. Networking can lead to referrals, advice, potential hires, technology support, new vendors, media connections, and more.

3. Increased Credibility

Working in a professional office environment lends credibility to your business, especially when meeting with clients. It provides you with a professional space to accommodate meetings and communicate success.

Potential clients may be sceptical of a business operating out of a home office. Meeting at a dedicated office space gives the impression that your company is established and stable. It also allows you to keep meetings separate from home and family distractions.

A professional office address also looks more legitimate on business cards, websites, and other marketing materials.

4. Access to More Resources

Co-working spaces provide equipment, amenities, and services you likely cannot access at home. This includes conference rooms, printers, copiers, faster internet, fax machines, and front desk staff.

You also gain access to the local knowledge and connections of the space manager and other members. They can provide tips about the community’s best service providers, media outlets, vendors, business networks, and more.

The space manager can also help handle mail, packages, clients, meetings, and phone calls to support your business’s day-to-day needs. This gives you more time to focus on core priorities.

5. Increased Productivity

At home, you may suffer from interruptions from your family, pets, neighbours, etc. It can be challenging to stay focused when the kitchen, bed, and television are just steps away.

Working in an office environment eliminates many distractions and provides structure to boost productivity. With fewer interruptions and the temptation to complete household chores, you can get more done in the dedicated work environment.

Co-working spaces are designed to enhance productivity with amenities like noise-reducing headphones, printers, fast wifi, and ergonomic chairs. You also gain accountability from being surrounded by others focused on work.

6. Separation of Work and Personal Life

Working from home can result in your business taking over the house with equipment and papers everywhere. There is always the temptation to work during family time.

Having a separate office gives you physical and psychological separation between your work and personal life. This allows you to be fully present and engaged in each realm.

Commuting to and from the office also provides a clear transition between work and personal modes. This separation will likely improve your overall well-being and happiness.

7. Flexibility to Scale

Co-working allows you to scale up or down as your business evolves. As you grow, you can easily add more days per week or move into a private office in the co-working space.

If your needs decrease, you can reduce your space rental. This adaptive model is more conducive to the ebbs and flows of small business growth than traditional long-term office leases.

8. Cost Savings

Renting a private office with a long-term lease is extremely costly, especially for a new business with unpredictable income streams. Co-working provides an affordable middle ground between working at home and signing a multi-year lease.

You can avoid major upfront costs, deposits, renovations, furniture and equipment purchases that come with private office spaces. Co-working provides the essential office infrastructure at a fraction of the cost.

You only pay for the space you need when you need it. Many co-working spaces offer part-time and virtual memberships and private offices to meet your budget and needs.

9. Community and Support

One of the greatest benefits of co-working is gaining a community of like-minded professionals. This can provide friendship, moral support, mentorship, and inspiration during your entrepreneurial journey.

You may gain as much value from the community aspects as from the physical space itself. Having a group that understands the ups and downs of entrepreneurship can make a big difference in morale and resilience.

The community can also provide guidance, feedback and encouragement to push you to achieve your goals. Surrounding yourself with driven, innovative people fosters growth.

10. Fun and Fulfillment

Working from home can become isolating and boring over time. Co-working spaces often cultivate fun, engaging environments with a strong sense of community.

Most have community managers who coordinate events, activities, outings, lunches, and gatherings. This enhances day-to-day enjoyment and gives you something to look forward to.

The social connections and friendships formed can lead to increased happiness, reduced stress, and higher job satisfaction. Fulfilment at work spills over positively into your personal life.

Conclusion

If you work from home and cannot afford to move into a new office, you should consider co-working, even if it is just a few days a week. It can provide you with the environment, resources, and community to help grow your business in ways not possible working from home.

Co-working spaces allow you the best of both worlds – the flexibility and independence of working for yourself combined with the structure, resources, and opportunities only an office environment can provide. Try it to see if it can benefit your business and personal growth.