Today’s work trends are changing from what was once the norm. Solopreneurs and startup businesses are delighted to have space of their own. However, there are a variety of ways to do this. From Coworking spaces to working at home there are many pros and cons. Let’s take a closer look at those pros and cons.
If you’re considering coworking space, you’re going to save money on your office space rent. However, you’re going to have to share your space. This can mean lack of privacy, more distractions, and noise.
The upside is that you’re sharing costs, have someone nearby if there is ever a danger and you’ll have plenty of company when you’re lonely. The tradeoffs must be factored in before determining if this is the right decision for you and your business.
You’ll also have to factor in the cost of your commute, gas, insurance and other incidentals such as parking fees if you’re choosing a coworking space. Not all of them will have onsite parking, and some will have fees for you to park nearby.
If you are looking for a good Coworking Space in New York City then we highly recommend the Farm Soho.
Work From Home
Here you’ll have your own space, your desk, and you’ll be able to set aside more money since you do not have to rent space. However, you may have distractions if you have little ones about or many living in the household.
Of course, you’ll be nearby if someone needs you and you’ll have someone nearby if you need them. You’ll have more control over what you’re doing and when, but you may have to work that around others in the household. There is also the added factor that friends and family may not respect that you’re working when you’re at home. Some work from home business persons solves this by wearing headphones or designating a room or area as their office space and not allowing anyone to disturb them during specific hours.
Commuting is also a huge saving if you’re office is in your home. There won’t be any need for parking money, gas money, or added insurance if you’re working from home. You won’t have to secure your car and risk someone breaking into it if you’re working from your home office.
Now that you understand some of the pros and cons of working from home, you can begin to determine what will work best for you. It’s all personal preference. Do you want the companionship of someone being nearby that you may be able to brainstorm with? Or do you want to work from home where you can relax and enjoy the comfort of your own home?
The best thing about being self-employed is that you can pick and choose what you’re going to do and when you’re going to do it. You can choose your level of comfort and what you feel fits your needs best. This is always subject to change, and you can adjust your surroundings to what works best for you when you need it.