Time to Move Your Home Business?
Signs that it’s time
Many entrepreneurs start a venture in their own home with hopes that it will one day turn into a viable business. In the early days of Google, co-founders Larry Page and Sergey Brin even set up a workplace for Google in the garage of their friend and now VP of Product Management of the search giant, Susan Wojcicki.
Although a home office offers the benefits of low costs, flexibility, and more, many businesses reach the point in which it becomes necessary to move to a separate location. As discussed in the video above, there are several indications that will let business owners know if it really is time for them to move on.
For starters, if you are not being productive at home, then you probably need to find a new location. A lack of productivity could result from distractions from your family, not having outside human interaction, and a variety of other reasons.
Secondly, a good indication that you should move your business is if your business is growing. If you have more inventory than your house can handle, then it’s probably safe to say that your business is growing. Understand that this example only applies if your business is actually moving the inventory, and not if you have a lot of products that you still need to sell.
A third reason you should consider a move is if your business is growing so much that you need to hire employees. Out of respect for your family, your neighbors, and your business’s image, it is probably a good idea to find a separate office to conduct your business with your additional workers.
Fourthly, to give your business a more professional appeal, it would be wise to move locations. Although coffee shops have become quite popular for business relations, most clients still prefer a quiet and private environment.
Lastly, if you have trouble concentrating at home and are constantly going to the park or the aforementioned coffee shop, you might as well open up a separate location. If not, you will find that you are wasting valuable time in finding a quiet place, when you could be working.
Although having a home-based business can be very effective when a business first begins and even during difficult economic times, such as we are experiencing now; but if any of the above indications are true for you, then you should definitely consider moving your business to an outside office. If not, you could end up hurting your business.
What other signs indicate that it’s time to move your home office?