Right time to relocate home officeQuestion:
I've been operating my business out of my home for the past three years and have good sales growth. When is the right time to move out of the home to a commercial area?
First and foremost, can the business afford the cost of a remote location? Will you generate any more income? Can you be more productive? Is there a parking problem? Are the neighbors complaining about the traffic or employees taking up the street parking? And the big one is, does your firm need to hire more people to operate the business?
It's normally not convenient and efficient with a number of people working out of your home, crowding, lack of space for conferences, office desks on top of each other, etc.
Since you're operating out of the home, I assume it's not dependent on walk-in trade, so really, you can locate anywhere that is convenient. The best way to examine it is to make a list of all the pros and cons -- including whether your business can support the additional expense.
If you are asking the question, it's time to do the evaluation and start the plan to move or stay until you have sufficient reason to relocate.
Bill Bryan is a counselor with the Service Corps of Retired Executives. SCORE offers counseling, workshops and seminars on small business operations. You can reach Bryan through SCORE, 515 N Court St. 815-962-0122, for information and appointments.
SCORE is a registered trademark of the Service Corp of Retired Executives
This site is donated, designed and maintained by ComPortOne© 1996-2000
Copyright 1996-2000 ComPortOne
Questions about this page can be Emailed to Webmaster
ComPortOne Home Page