Virtual offices are a fairly new concept so the current definitions and parameters February not be rock solid; but generally a virtual address or office can be described as a service that provides telework or telecommunicating services for businesses, where the employees are based outside of the regular office setting. It might be the solution for the new strain of small startups which need to cut down on rental costs in order to focus on products or service.
The service works well for small enterprises where the business owner rents virtual office space in a prime location and acquires professional reception services without ever leasing an actual office. All clients enter into a service-level agreement with the business owner which allows the virtual office to manage and route customer phone calls, and provide an efficient conference space where business meetings can be conducted.
So what are some of the benefits of using a virtual office?
If you’re considering entering into the virtual address zone, these four attributes should help you look at the bigger picture.
The traditional business setup demands that you acquire an actual office and spend money on office equipment, furniture, rental agreement, and maintenance fees and so on. The cost of running a traditional office setting can prove too high for most startups which need to save on costs. A virtual office space saves you energy costs, rent, office equipment and more: and in addition, there are no contracts involved and you have the flexibility of entering into monthly or annual pricing plans.
A virtual office provider promotes efficiency at work because most providers are responsible for handling their clients’ telecommunications; which gives businesses more time to focus on larger projects without the hassles of day-to-day operations. Basically a virtual office assigns a virtual assistant to respond to all customer phone calls, handle email correspondence, etc.
When partnering with a virtual office provider you have access to upscale or prime locations, which gives your business that extra edge because clients respond well to businesses located in pricey locations. In addition, you can draw in contingent workers into your business for long-term partnerships, as long as you provide excellent services.
Low risk of business venture
The cost required to build a startup company from scratch can be risky. Aside from the equipment, infrastructure and IT, you also have to commit a huge investment in the rental plan and that increases the risk of the venture. A virtual pretty much eliminates the risks associated with building a startup and allows you to grow your business, especially if you plan to diversify or enter into a new market segment sometime in the near future.
Are you ready to launch?
Once you get signed into a virtual address, your business will be fully operational. When you weigh the scales, the features and benefits associated with a virtual office far outweigh the features of a traditional office plan. Unless your business requires the use of a typical office setting, there’s little need to invest in that.