There was a time when every startup had to think about moving from the home garage to a long-term business rental property, but thankfully those days are long gone. The way we do business has changed dramatically over the years and you don’t even need to have your own building to run a successful business. Here is how a virtual office can benefit your startup and build your business.
You don’t just have lower overheads; you can literally cut them in half by using a virtual office. Having a bricks and mortar building when you are running a startup can be incredibly expensive, it is one of the main reasons why so many companies fail. Rent is a huge expense, but if you can get rid of it or cut it down to a minimum you have every chance of succeeding.
If you go ahead and lease a commercial space, you have to think about all sorts of costs, such as:
- Office furniture
- Electricity bills
Nothing on the list above is your concern when you use a virtual office space.
There are lots of good employees who would prefer to work from home than venture into an office environment from 9 – 5 every day. Working for a company that offer you the chance to work remotely is a big perk. You can attract premium candidates simply because you have decided to base your company in a virtual office. When you offer a reasonable salary with remote work, you will have plenty of interest from potential employees.
Lower Carbon Footprint
Why not do your part for the environment and operate your business through a virtual office provider? Unless all of your employees are walking to work or cycling a bicycle, their daily commute is having a negative impact on the environment and you’re the one to blame. You can easily change your business and operate using a virtual office, this means only having employees present during important company meetings. A company that utilises a virtual office promotes a greener society, this also attracts positive attention.
You will find that most start-ups benefit greatly from a virtual office. It allows them to massively reduce their overheads and hire workers who operate from home. Using a virtual office has been shown to improve productivity as employees are given more autonomy and control over their work. Employees are more loyal and more motivated to succeed.