Do you have a home business? It is surely one of the most rewarding achievements you will ever have, especially if you do it right. Doing business at home has definitely come a long way. Building a business, managing a team, and building your brand are now within your reach, as long as you have a computer and a high-speed Internet connection. So whenever and wherever you want to do business, you can do it freely at your convenience. And now more people are getting involved in the hope of experiencing the financial freedom they have longed for.

But as your home-based business grows, you may now realize the need for physical space expansion. This, along with the following situations, may require an official business center for your flourishing business. This is:

• Regular meetings with clients and prospects, and your current home office may no longer be suitable for this type of business transaction
• You want to present your sales pitch to a group of people, so you need a better, larger and more convenient space to do it
• You want to train your team and hold mini-conferences to improve, maintain and ensure your level of proficiency, so what you needed was a space conducive to learning.

Before you consider renting a larger, well-located space to serve as your new office, you should do a thorough analysis of the pros and cons of doing so. You can consider the following questions to determine if having a physical office is more of an advantage or disadvantage for you.

• Why did you get involved in a home business in the first place?
• What are your goals in setting up a home business?
• Have you reached your goals or have you almost reached them?
• Have you done a cost-benefit analysis of having a physical office?

Taking into account the questions above and a few other factors, it might give you a clearer picture of the situation. In reality, you don’t have to leave your home office and opt for a long-term lease or monthly rental. Doing so can cause a long-term financial burden for small businesses. Studies show that the cost of maintaining an office consumes more than half of the company’s income. So what should you do with your budding business in this regard?

Most entrepreneurs today prefer executive office rental solutions. Many establishments in major cities offer this type of service and provide either a short-term or long-term workplace complete with the amenities you need for any event. What is the advantage of this option?

You definitely save a lot of your time and money. Renting an executive space only as needed provides all the conveniences in a snap. You’ll enjoy stylish furnishings, teleconferencing equipment, presentation screens, high-speed Internet, and even overflowing coffee and other supplies. Unlike setting up an office, it not only takes a lot of time, but also requires a lot of money.

And if you have a busy travel schedule, you can simply contact a company that offers executive suites for rent. You do not need to worry at all with your needs outside the city. There is always a place available to meet with your VIP clients and associates. This costs only a fraction of monthly office rents in major business districts.