The small office/home office (SOHO) has been around for decades, but it has started to pick up again in the last six months.
Our society is growing and quite often young people are looking for more ways to build their portfolio. Recent studies have shown that youth enterprise has picked up this year alone, which has made business a versatile landscape to work around.
The versatility has also meant that young people want the surroundings that they can use more efficiently, which for most young people, centres around their home.
Rent in Australia
The whole idea of SOHOs in the first place was to allow people to work from home. Now it seems that it's about allowing people to work in the office for some startups, because in such a digital world why would you need everyone in one confined space so often when you have access to low-cost digital communication platforms?
Parallel to rising costs of renting out commercial space, suburbia is making the transition upwards and apartments have never been so popular for startups. In New York this quarter alone, the most expensive penthouse sold by Fredrik Eklund was sold to a company for a sales office - crazy!
Entrepreneurial minds understand expense minimisation, and when you have some of the highest costs of rent in the world, Australia is no space to financially mess around with.
When can I come over? vs When will you be in the office?
The beauty of the SOHO is that customers have the transparency of knowing that you will be at your house without the daily commute - it just comes down to whether you're home or not. In contrast, allowing customers to know where you live may not be the smartest idea (depending on what you do for a job), and I see that the SOHO does well for consultancy or behind the scenes work, in most cases.
One of the downsides to having a SOHO is that you are constantly distracted by your setting- your house - which you will undoubtedly find immersing your work with. If you are willing to substitute the office for your study, you shouldn't substitute the suit for the PJs. It may be your home, but certainly don't psychologically and physically create an artificial barrier from you doing the most effective job possible.
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