Working for yourself is a wonderful thing. You get to make your own hours, decide on the products and services that you are going to offer, and you get to decide where to work. While each of these items depends on your situation and your line of work, you have a lot of freedom and flexibility with how you do things.
Being your own boss has its advantages. When it comes to where you actually sit down to get work done, the sky is the limit. While many people love the idea of working out of a home office, it is not always practical for more than one reason. At the same time, you might have an existing office that has grown too big for your needs. Here are two ways that you can begin to make use of that extra office space.
Get an Additional Tenant or Two
If you have extra space, you are leaving money on the table that could be yours. You have already paid for the area, so you may want to consider if you should rent out your extra space to a fellow entrepreneur so that you can get some money back, particularly in USA where rents are sky-high and space is at a premium.
Expand Your Own Business
If you have been considering expansion, now might be the time. You might also have another business in mind that you have wanted to explore. With the extra space available, you might have the tools and motivation that you need to give it a shot.
These are two of the many ideas that you will want to consider as you sit there looking at the empty space in your office. You do not want it to just keep going unused month after month. If you decide to rent out your extra space, you can benefit financially and may even end up finding a new business partner or making a new friend.