If you are a small business owner that has been running a successful business from home for the past few months and you have been earning quite a bit of profit during these months and you have now decided that you would like to rent out an office and expand your business, it is vital that you keep in mind that running a business from home and running a business from a rented office with overheads can be very different. Having to pay for overheads and think about all the costs you will have pay out from your new office can be vastly different and a lot more difficult. For this reason, it is important that you work out your numbers correctly before taking the decision. In most cases, you will find that the time you decide to move to an office is the wrong time once you have calculated the numbers an =d the profits.
Work out your financials
In the months before you take the plunge, it is important that you carefully analyse your financials. When you are running your business from home, you will not have any overheads and you will have minimal expenses which means that you will be making much profit but the moment you move the business to another place, you will have to pay the location deposit, you will have to pay rent, you will have to pay cleaning services and also staff together with numerous other expenses. If you are going to opt for commercial leasing Hong Kong, you will have to pay your lease every month which will be a huge responsibility for you while also running your business.
However, the best thing about having a lease instead of rent is that one day; the property is going to be yours. This said however, you need to make sure that you will be able to afford to pay the lease and all the other expenses you have and still make a profit for your business. In many cases, you will find that you cannot and that you need to wait until your business is bigger.
Once you have calculated all the expenses that you will have with an office, you need to make sure that you are already earning profits that are well above that in order to be able to pay off all your expenses easily and still have a profit. When you are running a business from another location, you will also have many surprise expenses that you will have to deal with.