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Is it Time to Look for Commercial Property?

Most people will start their new business from home. Obviously, this does not apply for every new business as you would find it rather difficult to try to run a restaurant or bricks-and-mortar store from your home. Nevertheless, when it comes to online businesses, many will have their humble beginnings in a residential property. There are many reasons for this.

Firstly, it is a terrific way to test the waters without shelling out money on a commercial property. The expert realtors at EXIT Real Estate Consultants ( say that running a new business from home allows you to save on expenses, which is vital in the early days. It also means that if your business is not doing particularly well initially, you will not have to cover the cost of rental from your own pocket. But how will you know when it is time to move your business into a dedicated commercial premises? Below we have listed just a few of the signs.

You are Running Out of Space

If you are using every available square foot of space in your home to store business items, then it might be time for a move. If your business has grown rapidly, this can easily occur. It might be that a social media influencer has bought one of your products and has shared it online. This can suddenly lead to an influx of orders and an enormous number of products sitting in your home until the orders can be shipped. If you no longer have room in your garage, basement, or spare room, it is probably time to look for somewhere to rent.

You Need to Hire Employees

In the early days, it might just be you or you and a partner doing all the work. However, should your business grow, the work may become too much for one or two people. You can always enlist the help of family members and friends, but this is probably not something you can do for any length of time. Furthermore, if you need to hire staff, you will probably not want them working from your home.

You are Getting Distracted at Home

While working from home has its perks, there are a number of disadvantages too. If you have young children at home, you might find that they are constantly interrupting, and you are not getting your work done. It can become hard to concentrate and even harder to separate work from home life when your business is located at home.

You Want to Look More Professional

If you are hoping to grow your business, keeping it at home could be holding you back. Most people do not want to invite clients into their home for meetings and would rather conduct their business in a professional space. Having your own commercial property would allow you to separate work from home and have that professional setting to help you grow your business.

Your Business Has Changed

Sometimes, as a business grows the very nature of it can change as well. For example, you might have started a business that sells sandwiches at lunchtime to office buildings. Your customers might start asking if you can also supply specialty coffees or if you can provide additional items such as cooked meals for business meetings. In this case, you would need to find a premises that can house large coffee machines and bigger food prep areas.

To conclude, many businesses start off at home, but once that business grows or changes in nature then a move to a commercial property may be required.