1. Renting workplace means your company will have a home address and its own identity.
2. Working from home means insufficient concentration because you have kids inside your home playing and making noise around. You could also have uninvited guests and many types of these can keep you distracting. Concentration is very important, especially when you need to take important business decisions for the expansion and development of the company. A small workplace for rent will help you concentrate and work efficiently. You can also speed up which means more work in less time.
3. Buying office means huge investment and if the area is within a proper location or even in the heart with the city then you will need more fund. Renting office means initial investment will be less and you'll have cash flow which can be considered as the backbone of the business to run smoothly.
4. Office space will give your business a professional look. Clients coming to your office will have a good impression which is essential for the development of your company.
5. Flexibility is yet another major advantage that you could enjoy if you have small work place for rent. In case your business is defeated then you can terminate the agreement. Growth of business is also easy if you have rented office area. You can relocate and look for bigger space whenever you need which is not possible should you buy an area.
6. Renting office now offers some tax advantages. It is possible to file you taxes and show your rent bills for deduction of tax.
7. Renting workplace means it will save you capital that you can use in other areas which is very important to the growth with the company.
8. Buying work place means you will need to undergo great deal of legal procedures which could need time. It will save you time whenever you rent and this is because the legal duties are less.
9. A home based job provides flexibility however it does not create an ambience where one can sit, discuss and close business deals. Renting office means you can spend time together with your clients and discuss in the professional environment.
10. Confidence is something that workplace on rent can provide you with. It will help you decide better and focus on achieving new heights.