Should you spend money on office space for a software start-up?

Should you spend money on office space when you are just starting your business? I asked this question on answers.onstartups.com and got great responses. This post is basically a summary of the answers received.

The benefits of working from an office

When you are building a new business and you are bootstrapping it, it is hard to think about paying rent for an office and all the other costs associated with it. It is also hard to justify the expense of leasing office space when you are a software startup since all of the work can be done from your home or a coffee shop. However, office space is now more affordable than ever, especially when you look at the incubator-like offices because the cost is much less than a regular office and it also offers an environment full of other entrepreneurs which for the most part are always happy to help you in many ways. Continue reading “Should you spend money on office space for a software start-up?”