5 PROS OF TRANSFORMING YOUR START UP INTO A VIRTUAL BUSINESS

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 Turning to Virtual Business.





Startup businesses especially stand to benefit from flexibility of virtual office spaces. Many startups are operating on shoestring budgets and don't have the funds for a professional corporate set up, complete with a secretary and meeting room. Virtual offices give them a chance to maintain a professional atmosphere while remaining within budget. 

In this article, we'll look at a few ways that transforming your startup virtually can benefit you.

#1. Your online version is better in key areas

Let's be honest; online business models can never replace the entirety of in-person experiences. You can't test ride a bike if you buy it online or drive through the surrounding neighborhood during a virtual real estate tour. But bringing your startup online can offer plenty of advantages to your customers. The added convenience is obvious, but an online business comes with more flexibility- a simple tweak of your website and social media channels is all you need to alter the way the public sees your business. Virtual services are more personalized and customizable because they can gather users' digital data in ways that offline relationships can't. At the same time, a virtual business can feel less invasive because customers aren't dealing with irritating in-person salespeople. And speaking of those customers.

#2. Low or non-existent overhead

When your business is in its infancy, you'll probably want to do anything you can to reduce your spending. Financially speaking, virtual offices are way more cost-effective than brick and mortar locations. If you purchase offices, you'll have to worry about furnishing them, paying for utilities and cleaning and insurance fees. But with a virtual office, you eliminate those costs entirely. For businesses that are just starting out, every penny counts. If you conduct business just as well in a virtual office, why wouldn't you want to save money?

#3. Wider talent pool

Since location is not a factor, you are not restricted to hiring workers in your community. The right person for your business might live across the country or the world, and could cost you less, depending on their cost of living. Take not; hiring employees in a state other than the state your business is registered in, means paying employees taxes in the employee's home state. You must also register with the state tax agency, acquire a state income tax withholding number and withhold income taxes for the employee's state. Your business will also need to be regarding minimum wage, labor laws, state disability insurance and workers compensation.

#4. More motivated employees

Virtual offices allow for more flexible management of workloads. Employees can better manage their workload by distributing their to-do's throughout the day and not spending too much time engrossed in a single task. The result is a more efficient workforce, with employees able to consistently hit deadlines. Motivation rises when employees empower themselves to make their own schedules. They no longer work because they ''have to'' finish a task, but because they're invested in its completion. This can make a big difference in how they view their employment and employer.

#5. A virtual business can easily go global

While some companies may find international growth daunting, if you're part of the online ecosystem where anyone in the world can access your site, international reach becomes much easier. While shipping physical items overseas may be an early hurdle for an online venture, if you offer an online service, you can easily expand into international markets without having to establish a physical presence. A business that operates without a physical office can also easily integrate new employees into the company from anywhere in the world. Employees based in different countries can offer unique perspectives to the business as well as provide opportunities for expansion.


Final thoughts...

Many startups have found success by bringing more of their operations online, and even by becoming entirely virtual. You might just be the next virtual success story, but you'll never know if you don't give it a shot.

Be sure to leave a comment on the areas you feel we haven't touched. Adios!


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Written by: Antony Moturi


   About the Author: 


Antony is a professional DJ, Pianist, Social Media Manager, Content Creator and a Blogger. Besides that he does professional Sound Engineering, Public Speaking and is a Youth Leader.

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