I know of a colleague who has just opened their new office -- At a cost of $80K. It's a really sleek office. Designer furniture, coffee maker etc.
In reality he does the same job I do but in a larger city center which can demand more payment, about $20 more than I charge.
I find myself thinking to myself, is that difference worth the large start up costs? When does the break even point happen? What about the stress of carrying such an amount fresh out of school with plenty of school debt?
I don't know all the numbers so cannot figure out the bottom line. It just makes me nervous. And I forgot there would be a fairly pricey commercial lease on top of that.
As unglamourous as my office is compared to his, I know I can pay my overhead with less than a day's work. However I get no bragging rights for playing small. People don't admire that.
They may just assume I cannot afford to do it any bigger and feel sorry for me since I've been at it for a much longer time. When in reality, I live a pretty full life. For me, that's what really matters.