Every business begins from somewhere: Facebook began in a college dorm room, and Microsoft was born in a garage. Most businesses begin from the ground up with regard to location. Most solopreneurs often begin from home, which is a free option for housing any startup.
But with time, your small business begins to expand and a home is no longer a viable option for housing it. You have to consider moving out and finding an office for your expanded operations so you can push your business to the next level.
So how do you know it's time to find an office space for your business? Here are some signs to look out for:
1. You Need to Increase Your Workforce
An office workspace becomes a growing necessity if your business expands in such a way that you need to increase your staff. It's fine operating from home if you're managing the business alone, but the time has come that you need a helping hand. When you discover you need more personnel to handle your growing client base, it's time to get a hybrid office or co-working space.
2. Your Business is Expanding into Another Location
If you're planning to expand into a new location, you'll definitely need to find office space on demand in the new location. It will be near impossible to continue working from home while managing clients in the new location. You need to have an office near your clients so you can offer them better services. You may consider working from a hospitality-driven co-working space to enhance your work-life balance when you move to a new location.
3. The Business Generates Enough Revenue to Sustain an Office
Your business has grown in revenue, and you can now afford to pay for a private office workspace. You're making enough revenue to cover your expenses comfortably and rake in enough profits. This means that a new office workspace wouldn't be a viable option to enhance your business operations. It's also an indication that your client base has expanded, and you'll need more space to handle them more efficiently.
4. Too Many Distractions at Home
One of the biggest challenges of working from home is the many distractions in the home environment. Your family members and friends, as well as some electronics such as the TV, constantly vie for your attention. In such cases, it may not be easy to focus on your productive work. While it's possible to cope with some distractions, you may want to move to a hospitality-driven co-working space to work to concentrate on your work while keeping in touch with others.
5. Your Business Needs More Facilities
Your home may not have all the facilities your business needs to operate at its optimum. Such facilities as servers, printers, and desktops may not be available due to costs or space constraints. Some premium office workspace providers, such as Quest Workspaces, provide private offices and meeting rooms with these facilities. Partnering with such providers will give you access to the facilities you can't have at home.
6. Scheduling too many meetings with clients off-site?
If you're constantly meeting your important clients off-site, then it's time to find office space on demand. It may be quite inconvenient to meet most of your clients in hotel rooms or other public spaces, since some clients may not find it conducive. You run the risk of losing clients to the competition if you don't get an office where you can hold meetings without any hassle.
7. The feeling of isolation is creeping in
Solopreneurship may lead to extreme loneliness because you work alone most of the time. If the loneliness begins to creep in and becomes too much to bear, it's time to consider moving into a shared co-working space where you'll be meeting other professionals and sharing ideas.
How Quest Workspaces can help
If you're considering moving into an office space to expand your solopreneurship, you can partner with us at Quest Workspaces. We are a premium provider of flexible office workspaces in Florida and Manhattan, or in any other location near you. Whether you need a hybrid office, a hospitality-driven co-working space, or a shared office space on demand with all the important office facilities, we are on hand to serve you. Please contact us today for more information.
