Is a virtual office suitable for your business?

IS VIRTUAL OFFICE SUITABLE FOR YOUR BUSINESS??

First, consider the nature of your business, company structure and company values. Not all types of businesses should opt for virtual offices to save costs. Here are some points to help you decide if a virtual office is for you:

You want to save on your expenses

Space is expensive in Chennai. Rent is a large fixed cost on your monthly expenses. Most young entrepreneurs will have limited capital to start with. It is illogical for startups and SMEs to spend huge amounts of their capital on rent, utility bills and office expenses when that money can be used to invest in the company itself. However, this is inevitable if you want to start a business that needs space for staff to work in.

You and your staff are comfortable with technology

Gone were the days when in order to have a meeting, individuals must be present physically and gathered in a meeting room. Telecommunication has seen a spike in the number of users ever since a worldwide pandemic such as Covid-19 appeared.

Your staff can work remotely

Many companies have seen the advantages of working from home, and are considering a permanent change where staff can be allowed to work from home more often. In a survey of 9,000 respondents conducted by The Straits Times, nine in 10 employees prefer to work from home. Some reasons include saving money on transport, eating out and even office wear, while others appreciate being able to spend more time with their family even when working.

Believe it or not, a study by Forbes has found that happy employees are up to 20 percent more productive as compared to unhappy employees, which can help boost your business in the long term.

You want flexible options as your company grows

There is no fixed pricing on choosing a virtual office. Most virtual office providers will offer packages with optional add ones like meeting rooms on a subscription-based basis, starting from six months onwards. Of course, this would vary based on the provider you decided to go with.

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