With a small capital, you can already start your own venture. Technology these days make it possible for literally anyone who is determined to start a business online. The social media are an effective platform to advertise, market and sell your products or services to your target market.
For these reasons, the concept of virtual office has become increase popular over the past few years. More and more business owners are resorting to this type of setup because it offers tons of benefits for their ventures.
However, where there are upsides, there are downsides. If you’re considering this setting over the traditional workplace, check out its pros and cons first before taking the plunge.
- Cost – The major driving force that compels owners to resort to this setup is its cost-saving feature. With a virtual office, you can finally say goodbye to expensive monthly leasing fees, costly office equipment and utility bills. Moreover, it allows you to acquire a business address, which drastically improves your professional image and credibility.
- Staffing – Most companies that offer virtual offices presents packages that include a receptionist. This way, you won’t need to stress yourself dealing with client calls and emails. The receptionist will talk with them on your behalf, receive mails and parcels addressed to your business and welcome you and your guests during meetings and conferences.
- Productivity – Most creatives produce their best works when they are not under the supervision of a higher-up. They don’t know when a great idea would hit them, so they prefer to work at their own time and space. With this said, you can expect a boost in their productivity.
- Communication – Misinterpretation of emails, phone calls, video conferences and messages can lead to mistakes.
- Security – This is one of the major risks of resorting to a virtual office. If you have confidential information that you need to secure, it’s harder to detect if your home-based or freelance employee is adhering to your standards.
- Management – Since you’re probably operating remotely, it’s much difficult to oversee the activities of your employees.
By weighing the advantages and disadvantages, you can make an informed decision whether to stick with a virtual office or not. If you need a virtual office in the Sydney area, get in touch with Burwood Central.