If you are a business owner and are considering using a virtual office, you need to be aware of the pros and cons of such a decision. While some businesses can absolutely benefit from using virtual office technology, others thrive on having physical office space. Here are some considerations to take into account before making the switch from a physical office to a virtual one.
Types of Employees You Have or Will Need in the Future
Being able to hire people from around the country can be a huge boost to your business. If you currently have a small, dedicated team of employees, offering to allow them to work from home can be an enormous compensation. Both of these issues can be huge boons to your business. However, you also need to take a hard look at your current employees. Offering a work-from-home environment may not be best if your team needs a lot of face-to-face interaction and guidance. Some employers choose to downsize their physical office space and also keep a virtual office environment, allowing some employees more freedom than others depending on their abilities, work ethic and drive. Consider all of the options before you make a decision.
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The Cost of Office Space vs. Virtual Office
You don’t need to be an office space specialist to realize that the price of a Virtual Office is nowhere near the cost of a physical space. There are no utility costs, no office supplies to buy and no petty theft with which to be concerned. Some businesses do hand out company laptops and other equipment, while others allow employees to use their own personal machines. No matter how you slice it, virtual offices are far cheaper than maintaining a physical location.
The Possibility of Flexible Hours
In some business models, it pays to have flexible working hours. However, not many people enjoy driving into an office at two in the morning to do a task that could have been completed from home in a matter of minutes. Also, some employees do their best work late into the night and may enjoy having the opportunity to do so. If your business is of the type that needs round-the-clock attention or offers the ability to complete work at any time, a virtual office may be the right environment for your employees.
While each has its pros and cons, deciding between a virtual office and a physical space is largely dictated by your employees, business needs and hours of operation. Your budget and the geographical location of your team are also factors you need to consider.
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