The current age of technology and innovation has led to many startups revolutionizing the way business is done. For example, it has often been said that Uber, one of the world’s largest providers of transportation, does not own any vehicle. Thus, many business transactions today take place in the virtual realm, something that would not be possible without technology.
One of the ways business is being revolutionized today is the way that people avail of office space. In the past, if someone wanted to start a business, he or she would have to find a suitable location to set up an office where all work-related duties would be performed. However, technology has enabled the rise of the virtual office.
With a virtual office, a business can rent a location that is typically owned by an office space franchise. This location can be used as the business’ mailing address and the setting of essential meeting functions but not for day-to-day business operations. Some examples of the services provided by virtual offices include a receptionist, voicemail and phone answering services, and mail reception services.
Here are some of the things that a virtual office can do for your company:
A look of professionalism
If a company wants to make it big in the industry, one of the musts is an office space in a desirable location. However, such areas are typically quite expensive, especially if the company will not be sharing the associated costs.
A virtual office offers the use of a professional business address, which improves the company’s image. Furthermore, meetings can take place at this location, helping create a positive impression of the business to prospective partners or clients.
Ability to work from different locations
While there is a set business address on paper, using a virtual office means that a company’s team can work in many locations. With the widespread use of messaging apps and videoconferencing, adopting flexible work practices has never been easier. This eliminates the need for daily commutes to the office even when the job can be done elsewhere. Furthermore, it allows a company to hire people who might not necessarily live near the company.
A reduction in overhead and administrative expenses
If a company were to rent or purchase office space, not only would it cost a significant amount upfront to furnish the place; the business would also pay monthly dues or rent. This represents a fixed cost that needs to be paid regardless of whether or not the business does well. Thus, the cost of having an office space can represent a significant financial burden to startup companies.
With a virtual office, a company can share the overhead costs associated with the office space with other companies. Furthermore, the company still retains all the benefits associated with a physical office space.
Such is the excellent deal offered by virtual office spaces. This makes them perfect for the modern age where startups are constantly innovating and challenging previous notions of what the world is all about.