They say that, in life, only two things are certain – death and taxes. For businesses, however, rent has long been the unavoidable bugbear; that big expense that you just can’t get away from whether you are a sprawling multinational or a fledgeling startup. Tradition says that you need a dedicated workspace and, unfortunately, they do not come cheap.
The good news is that things are changing. The rise of mobile internet has transformed the way in which companies create, collaborate, and communicate. The prospect of running a successful business without a long term, private headquarters may still seem fantastical to some, but new ventures do it all the time. The virtual office is steadily growing in popularity, and it can help you get your startup off the ground.
Keep reading to find out why a virtual office solution could be the right way to turn your big idea into a workable business model.
Increased Productivity
The biggest weakness of traditional office routines is that they can end up rewarding employees for simply spending their time at work. Virtual offices and remote work, on the other hand, are based on performance.
Ultimately, it does not matter whether somebody spends ten hours or two completing a task as long as it is completed to a high quality. It increases productivity because it allows employees to maximise their strengths. The end result is what matters, not just being seen to work.
Fewer Overheads
Virtual offices are a great way for smaller teams to save money on overheads. There is no fixed rent price, no utility costs, and no waste because you are never forced to pay for a service that you do not use.
With a virtual facility, you sign up for instant access to a fully equipped workspace. It contains everything that you need to run your business; from a mailbox to a phone line, high-speed internet, conference rooms, and more. You do not ‘own’ it, but you can use it at any time.
More Flexibility
If you opt for an adaptable office space, like a virtual facility, you get the opportunity to remain agile. It is critical because the global economy is in flux right now. Stocks and prices can plummet with a single word from a high profile celebrity of politician.
Alternatively, they can soar with the right endorsement. So, being able to respond quickly to market fluctuations is a valuable thing. If you have a quarter or a whole year which doesn’t go to plan, you are not stuck with a costly lock in lease. You can scale back your office services.
Local SEO Benefits
Don’t forget that having a fixed business address is an excellent way to boost online rankings. Even if you are a lone entrepreneur, with a very young venture, it is best to acquire an address quickly. Virtual office solutions are a way to do this without incurring crippling rental fees.
You can benefit from all the prestige associated with a location like Barangaroo in Sydney or Southbank Boulevard in Melbourne with none of the downsides. Addresses like these are highly sought after and usually very expensive, but you are sharing the facilities with other tenants, and the cost is shared too.
Why Virtual Office Solutions Are Your Ticket to Success
Each year, more businesses turn to the support of virtual and serviced office solutions. They know that coworking can be a vital, vibrant process. The lack of a private, long-term lease does not have to have a negative impact on your business. In fact, if you take advantage of opportunities to collaborate and network, it can open up brand new partnerships and ideas.
