Keep Overhead Low Keep overhead low. Minimize the need for employyees that will require office space by leveraging outsourced vendors. Keep your hiring to employyees essential to your core compencies as a company. Minimize your need for space to keep your start up agile.
Upgrading from the Home Office When you need a personal office seperate from your home for just you has less to do with money than:
Many have networks around the country which are great for setting up new sales or support offices in new locations.
You are building a company-- not an empire -- no need for lots of territory and subjects.
Working at home versus securing an outside work space should be primarily based on answering two questions:
(1) How effectively do you work at home? Some people are really productive working at home and some are not. There's a ton of reasons for this but at the end of the day you have to determine if it works well for you.
(2) How practical is it for your company to exist in your home? The available space, number of employees, and your current relationship status (married? kids?) again all factor into this equation. When your team (of whatever size) no longer works effectively out of your home it's past time to secure outside office space.
Ask and answer these questions on a regular basis and you'll know when it's time to start looking for office space.
There are some start-ups that never actually leave for "real" office space. Depending on what you do, you may not need any office space. Usually you'll realize immediately when an office is necessary, because the frustration of not having one will be overwhelming. When you do need an office, there are plenty of places that you can find one online. Search for things like "office space london".
Are you alone?
Do you earn money?
---> Yes. --> Open an office
---> No --> How do you want to pay it??
Do you earn money?
---> Yes. --> Open an office, if you don't want home office
---> No. --> Can you pay it?
--> Is it really necessary?
--> Yes --> Try to get a credit
--> No --> wait