When you’re in the early stage of launching your business, you need to make some critical decisions about your processes and work environment. One of those is to decide whether you should build your office or find a rental. While commercial rentals are popular, new entrepreneurs need to understand the pros and cons of building their own premises.

Indeed, there is a lot you can gain in the process, as long as you understand the risks.

Pros

You Choose the Layout That Suits You

When you decide to start from scratch, you can work closely with experts such as Riedel-Wilks, to design not only a space that suits your needs, but that is also quick and simple to build. Indeed, a company that can provide light commercial and industrial structures can give you a complete turnkey service. As a result, you can hit the ground running because everything is designed to meet your requirements and support your growth. Additionally, building structures are a no brainer for small companies that can’t afford to delay their launch.

You Don’t Have to Worry About Your Lease

Commercial leases can be challenging for new companies. Finding the perfect office for your business can take time. Additionally, commercial landlords are quick to increase rents, which makes it impossible for small businesses to sustain their presence. Building your own premises means you don’t have to worry about sudden price increase or issues when your landlord doesn’t maintain the building.

It Can Grow With You

Companies that are stuck in rented spaces are forced to move out when they outgrow their offices. However, when you own the building, you can easily add an extension to give your team the space they need. When you know how stressful and expensive it can be for businesses to move to a new and bigger office, property owners can save themselves a lot of time and money with extensions. Additionally, you can make sure your business can maintain its productivity as you remove any disruption from office search to relocation.

Cons

You Are on Your Own

When you’re completely new on the market, life as an entrepreneur for a small company can feel solitary. While a typical rented space will not solve the issue, a rented shared office can be the solution you’re looking for. Indeed, sharing the space with another business can help you to stay positive during hectic periods and to share ideas and thoughts with other professionals. Besides, there’s nothing wrong with a little networking!

It Can Be Expensive

The reason why many startups and small businesses opt for rented offices is that building from scratch can be costly. Indeed, when you don’t have any investor’s funds or when you can’t apply for a commercial loan – as it is the case for many new businesses – you need to be smart about your budget. Sometimes, it’s easier to postpone your grand design until your business has become a reliable source of income. After all, that’s exactly what big companies such as Google and Apple have done.

Building your business premises is a fantastic growth opportunity for entrepreneurs who want to gain more control over their productivity and performance. However, it’s important to pick the right time. As a company, you need to prioritize networking, creativity, and income generation BEFORE you can take your office design into your own hands.