Today, you can run your business entirely online, provided you have an internet connection. From freelance programming to e-commerce, your online business can thrive without having a brick-and-mortar office. It is even possible to have employees who work remotely from the comfort of their homes.
However, there are some aspects of a business that may require the business to have a physical location. These aspects may require you to add a virtual office, which can act as your physical office.
A virtual office does everything a physical office does. For example, virtual office space in Oakville, ON, can provide resources to help with hosting on-site meetings, mail handling, and even a receptionist to receive your calls. People who work in a virtual office are office support staff. The rest of the employees can work from their homes.
The benefits of virtual offices include:
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No Commute
Since you don’t have a physical office, you and your employees won’t need to commute to work. You can create a space at home where you can carry out all your work-related duties. Having a virtual office space in Oakville, ON means every office-related issue you, your employees, or your clients need will be taken care of by the office support staff, while the rest of you will remain focused on the core business issues.
No commute means no wasting time in traffic, no travel allowances, and no parking expenses. All this will increase your profitability.
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Increased Productivity and Job Satisfaction
Since your employees will work from home, they’ll have the freedom to choose their working hours, unless there’s some collaboration needed. Flexible working hours increase job satisfaction, which, in turn, boosts productivity. It also eliminates employee turnover because the employees will be happy and stress-free.
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A Larger Pool of Talents
When working online, you can employ people from anywhere around the world. There will be no need for work permits, passports, or air tickets. This means you’ll have a large pool of employees to choose from. For example, you can be based in the US but hire an expert programmer from Asia.
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It’s Cost-Effective
Renting a physical office space is very expensive. In most cases, these offices are charged per square foot, meaning if you have a large team, you’ll spend thousands of dollars in rent. Then there’s the question of utilities such as electricity, water, gas, etc. All these add up and can hurt your bottom line. This is not the case with having virtual office space in Oakville, ON where you’ll only pay a fixed amount for hiring the virtual office staff.
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Ease of Expansion
As your company grows, you may need bigger and bigger office space. However, with a virtual office, you can expand without having to move because space isn’t an issue. You can expand and hire as many employees as you want without worrying about space.
Conclusion
The breakout of the COVID-19 pandemic, which forced many people to work from home, proved that companies can run entirely online. If you’ve never thought about this, the above benefits of virtual offices can make you start thinking along this line.