Startup Funding · Startup Operations

Is it good to launch a great idea without a functioning office and what are the pros and cons?

kyeremeh evans Passinate

Last updated on May 21st, 2017

I lauched a section of my idea last year with a website without a functioning office. It is doing well except that I have not yet monetise it to earn from it.

I got my main company registered this year and I intend to launch it anytime soon using same appreciate - with a website without an office.

I want to know the pros and cons of my approach and how I can solicit for funds to rent an office space as soon as possible.

Mark Temperley ex-X Commerce finance, ex-management consultant

May 22nd, 2017

You don't need an office in the flat white economy. But you do need an address.

Craig Rich Cofounder at ThreeDotZero Studios, LLC. Prior CMO/CIO/CPO at WDS, a Xerox Company.

May 22nd, 2017

Office space should only be a requirement when you get to a size where you need to either meet clients or have a team. Even then, remote working is really compelling if you have the comms, the culture and the right people in place.


As Mark mentioned, you do need a registered address, but other than that, wait until you have a really compelling need and then consider the options.

Sudeep Bhatnagar I develop apps, talk apps, live apps.

May 23rd, 2017

The world is trying hard to go to a virtual-office trend brother. Having an office, a boss chair etc are soon going to be gone-by last generation things.


If you are a single person team you don't need an office. If you've 2-3 people, you can easily do it from home, you only need an office when your team is bigger and you need some "Dedicated" office infra like power-backups/ bigger halls/ conference rooms and when your clients want to visit you before offering business.


Keep the cost low as much as you can, and go for office space only when it is as urgent as to have been done 2 months back. ;) You know what I mean.


Sudeep

- Agicent App Development Company