New Year, New Office?
The new year is here, and that means many of us will be scribbling down endless lists of New Year Resolutions in an attempt to lose weight, quit smoking, cut down on boozing, or stop eating novelty chocolates. But, in the New Year, perhaps the best-laid plans are professional, or financial – especially when you’re talking about the world of business.
According to a study carried out by Fidelity Investments, 51% of people who decided to improve their finances at the turn of the year feel better about their money now. And if you’re a freelancer, small business owner, or self-employed, one of the best ways to save money is by cutting down on your commercial premises.
Last year, a survey discovered that around 1 in 7 people work from home in the UK, with the biggest growth seen in London – a rise from 12.2% to 14.6%. And, whether you’re in Southwark or Croydon, a freelance illustrator or a small crafts business owner, it’s becoming all the more feasible to login, grind down, and make a living from the comfort of your own home.
The average rent for office space in central London weighs in at around £56 per square foot, which is astronomical when you add it all up – and that’s even before you’ve started to think about your additional overheads.
If you’re struggling to pay your commercial rent, or it’s burning a serious hole in your pocket, it might be time to think about setting up shop at home. It doesn’t matter if you’re a homeowner or a renter, (although, if you do want to make any physical adjustments to the property, it might be worth checking with the landlord first) you have the power to make your living space and your commercial space one big, beautiful entity.
In this fast-paced hyper-connected digital world, communication has never been easier and due to the emergence of mobile devices, most people do their shopping, socialising, or business online, meaning that for many, there’s less necessity to have a costly commercial space away from home; just thinking of that commute. Lovely.
By being a homeworker, you will be able to consolidate your commercial and private living costs; you will be able to spend that extra half an hour in bed; you will be able to watch Murder She Wrote on your lunch break, and you’ll no longer have to have your face wedged in someone’s armpit while trying to read your copy of the Metro on the way to work.
Of course, you will have to make your home office space work for you, ensuring it’s safe, comfortable, and distraction free (meaning no Jeremy Kyle in the background). If you don’t think you have the right set up at your current place, you can always think about moving house – especially considering you’ll be saving so much on your business expenses.
The world has changed, and regarding business, it’s more flexible than ever before, so if you’re living in London and tired of your current work situation, join the city’s the home workforce. And if you do need a self storage solution while you’re setting up your new workspace, please do get in touch.
Happy New Year.