What may seem like a minor detail could prove to be an important and overlooked question related to launching your venture. The question of where to physically locate your office space could have a far-reaching impact on other strategic decisions. Will you pay for outside office space or prefer to work from home. Fundamentally, this question weighs the issue of cost versus focus. Try This: Weigh the pros and cons of working at home and procuring formal office space. Avoid This: Don’t let your decision be guided solely by budget.