When you first imagined your business, you may have dreamed of a room full of happy employees sitting in cubicles or glass-walled offices. It’s a nice dream but your company can get bigger faster if you’re willing to let go of that vision of beige cubicles.
Using a virtual office provides a lot of solutions to challenges that face every young company. Because there is no commute time, that time can be dedicated to job tasks. Flexibility for employees means less scheduled planned time off work for personal appointments. And using a virtual office allows you to hire almost anyone, anywhere in the world. This ability to hire the best in the world really raises the quality of your job candidates and those successful candidates ultimately raise the quality of your company.
Read on learn about the most common business problems a virtual office would solve for your new company:
High Office Overheads and Big Time Costs for Set-up
When you set up a new office or business in New Zealand, there are expenses that you can’t ignore, so it’s important to save money wherever you can cut costs. Business office space is expensive in New Zealand so removing that cost of a standard office space from your monthly expense sheet is an immense saving by itself. Add to that the utility and maintenance costs that accompany physical offices and the savings become immense.
With a virtual office, you don’t have to go through the time-consuming effort of leasing an office, buying equipment, interviewing office personnel, or dealing with IT staff. In short, everything needed to set up a physical office is not necessary with a virtual office, so the time you save is just as significant as the huge cost savings.
Reduced Productivity and a Decrease in Employee Happiness
Working virtually transforms how employees view their accomplishments and how employers view employee goals. When you work with a virtual office, there’s no monitoring of when someone gets to work and when that person leaves. Instead, the focus is on accomplishing definite goals.
When virtual employees meet or exceed their goals, it’s obvious. Those employees are the ones you want to retain. And it’s just as obvious when a virtual employee does not meet his or her goals. It quickly becomes evident who those people are and companies benefit by being able to get rid of them sooner rather than later.
A remote workforce also experiences less turnover. Employees are happier working from home because they have the freedom and flexibility to organise their work days around their lives. The lack of commuting and not having to sit for hours next to people who are intent on perpetuating the churn of office politics are also two reasons virtual employees rank higher on the happiness scale.
Company Expansion is Dependent On Office Costs
It’s normal for your expenditures to grow as your business increases. But you can save on that increase in costs by using a virtual office. With a standard office, increasing your workforce also so means increasing your company’s office space. Virtual employees allow you to ramp up the number of employees AND your business without worrying about acquiring more office space.
The money that’s saved from using a virtual office can instead be invested in new technology or some other investment in improving your company.
Is a Virtual Office the Right Choice for Your Company?
There are times when people have to work in a group in the same place to get work accomplished. If you need a brick-and-mortar office in New Zealand and you don’t want to take on the job of creating an office space in an expensive district, click here to learn more about a serviced office solution. A serviced office provides everything that a standard office needs, but it’s organised and managed by someone else.
Whether you choose a virtual office or find you need a serviced office, these new ways of doing business are helping to make exciting things happen for even the smallest of companies.