In the last number of years, the business world has experienced a number of significant changes that will have a lasting impact long into the future. Better connectivity and improved technologies have brought people around the world closer together and in real time. It’s not that long ago that video-conferencing and mobile phones were a new concept. Nowadays, almost everyone in the developed world owns at least one mobile device, if not more, and has the internet at the tips of their fingers day in, day out.
For those in business, this has, and will continue to, have a huge impact on how business is conducted. There is more opportunity to work remotely, from anywhere in the world, while still submitting your work to your head office. You can have a video conference call on Whatsapp or Skype from under a palm tree on a tropical island or send an email to your business partner in Singapore while you’re out walking the dog. The possibilities are needless and this newfound freedom is likely to continue to impact the business world, as we know it from here on out.
The question is, how can you capitalise on this virtual value and make it work for your business? Let’s take a look at some of the ways a virtual setup can improve and enhance your business.
Office space in an Established Location
Even though things are going virtual, it doesn’t mean that having an established business address isn’t important. The key here is that it doesn’t need to be a physical address, it can be a virtual office, like the many on offer in prestigious locations throughout Singapore: www.servcorp.com.sg/en/virtual-offices/.
The truth is, that no matter where in the world you operate your business from, you need somewhere your business can call home. And if you’re going to have a virtual office, why not opt for a sought-after address that carries prestige and elevates the position of your business in the eyes of clients, partners and investors? A virtual office gives your business credibility in the business world and is something you will need if you’re going to commit to going virtual.
Happier More Productive Employees
In a virtual setup, your team will no longer have to face their daily commute, spend time stuck in long lines of traffic or battle for space on public transport to get to work. Instead, they can enjoy increased flexibility in their work schedule, allowing them time to focus on other aspects of their lives that are important to them.
Employees who are happier when they are not working, tend to be much more productive when they are working, adding value to your business and giving your business the opportunity to thrive.
More Opportunity for Expansion
Working in the virtual realm, you can capitalise on changes in the markets and new opportunities much quicker than in the real world. It’s much easier to enter foreign markets as you can set up a virtual office and begin doing business there, without ever landing your feet on the ground at your new location.
If you are looking to expand further, of course, you should, as always, do your due diligence and carry out thorough market research before committing fully. However, when it comes to exploring the opportunity, a virtual office can be a great way to go and can result in you finding and closing some profitable business opportunities around the world.
Virtual Value Adds Real Value
Operating from a virtual business can add real value to your operations, both in terms of productivity and your profits. It’s easy to set yourself up with everything you would need from a physical office through a virtual office provider and give your business a professional image in the eyes of your clients.
Opportunities for expansion are easily executed with the ability to move into new markets with ease and you can hire the best team members from anywhere in the world. What’s more, your team will be happier and more productive, adding value to your operation and ensuring your business continues to move forward in this ever-changing business environment.