According to Business for Home, a new home-based business is started every 12 seconds in the United States. In total, about 16 million Americans work from home, and experts at Global Workplace Analytics expect that number to grow over the next few years.
Lower costs, fewer risks along with greater flexibility and convenience are all huge advantages to working from home. But for home-based franchisees who grow their business over time, there comes a time when the home office simply isn’t big enough to support the business as it expands.
Moving your workspace out of your home can be a big step for any business, so it’s important to know when it’s the right time to do so. Let’s explore three signs it’s time to expand.