8 July, 2019
The virtual business market is expected to soon grow to approximately $15.6 billion, which is only set to increase more due to the COVID-19 pandemic. Virtual business is in demand because many entrepreneurs now prefer to ditch permanent office spaces, asost of them spend a significant amount of time away from the office.
This necessitates the need to establish virtual businesses services. Keep on reading to learn the benefits of virtual offices, and which industries would benefit the most from their services.
Among the top advantages to a virtual business space is that digital spaces cut down the costs spent on physical offices. Secondly, virtual working spaces provide more flexibility than offices.
Working hours are no longer confined to 9 to 5. Work expectations and digital technologies have changed this narrative, making traditional office hours obsolete. The workplace today assumes availability at all times.
The one-size-fits-all approach is also becoming redundant. Small businesses that want to compete in the digital space must evaluate their requirements, and rented office solutions provide much greater choice and flexibility.
Co-working spaces with open plan environments work best for specific situations. Depending on the need at hand, businesses can also go for enclosed spaces, especially when they need privacy and more focus.
When looking for rented virtual office spaces, here are some considerations to make:
The more you can get from a virtual office, the more you’ll save on costs. For these reasons and more, let’s look at which industries most benefit from virtual business services.
Finance and real estate professionals are rarely in one fixed spot at any one time. Their schedules involve attending a wide range of meetings away from their offices. In the few hours of the day that they need space to focus on their work, day offices, or co-working spaces come in handy.
Virtual business spaces can also serve as convenient conference rooms for meeting clients and potential customers. For purposes of professionalism, choose spaces that are conveniently located near your clients, and it provides a much better customer experience to meet in a professional setting.
There’s a great need for legal professionals to keep their operating expenses as low as possible. Virtual business services enhance lean office management. They also help the firm pay attention to the finer details.
Legal strategy and paperwork become easier to manage efficiently, making a virtual assistant a natural fit. A virtual office provides all the modern amenities of a traditional office. As a firm, you also benefit from all the office provisions without a long-term commitment.
In today's digital age, companies are using virtual business assistants to market their services. Virtual services like social media campaigns, Facebook ads, blogging, market research, and article syndication are some of these services.
Marketing firms need to spend more time focusing on working on client deliverables. However, they also spend more time in brainstorming sessions with their clients and colleagues. Their clients have high expectations when it comes to their offices, which can add up when it comes to cost. But with the pandemic, clients are much more accommodating when it comes to virtual events, with all the convenience and cost savings that come with them.
For clients who do prefer face-to-face, virtual offices provide the convenience required, including cost efficiency and improved flexibility.
For any entrepreneur that's starting their business, office rent and associated costs can cripple the business. You can abandon the overheads that come with permanent offices and use virtual business spaces only when you need them, especially if you’re a company director for digital businesses.
Regardless of your core business; financial services, online courses, providing digital assets etc, virtual offices are an ideal choice for entrepreneurs.
Co-working spaces also provide an opportunity to network with other entrepreneurs and small businesses. The conference rooms give you private and professional space for meeting with your clients and partners.
Healthcare professionals run hectic lives, moving from one medical centre to another. They also spend time in a series of meetings with physicians, staff, and insurance companies. Having a fixed physical office may not make sense since you spend a lot of time away from it.
Their business model can also focus on providing a home service, such as mobile massage or foot care, and they need a business address to register with Companies House so they can receive their mail.
Virtual business offices can make a lot of sense in such situations, especially if a number of professionals are looking for a place to meet in a central, easy to reach location.
This applies to service providers like plumbers, mechanics, or landscapers who tend to miss out on opportunities. When you call a service provider and can't get hold of them, the next thing you do is call the next available person. This can significantly affect business for the service provider.
Skilled trade professionals know the advantages that come with virtual office services. One of them is that they reduce the chances of losing potential leads due to missed calls. Virtual offices provide services like answering phone calls; hence ensuring clients have that first point of contact.
Trained virtual assistants can schedule appointments and attend to clients’ queries and concerns. They also play a role in building valuable relationships with new and existing clients. Businesses and service providers are always assured that they’ll put their best foot forward at all times.
Designers, artists, writers, craftspeople - there are numerous digital businesses and freelancers that can take advantage of a virtual office.
Even if you never need to use a virtual office for meetings, they still offer the chance to keep your home address private, sort your mail, and remove admin hassles that mean you’re free to provide your clients with a service.
The traditional working space is changing to accommodate what is now the virtual office space, which has only been accelerated by the COVID-19 pandemic. This means that firms no longer have to rely on operating from a fixed physical office location. Virtual offices are advantageous to many offices since they help cut down on overall overhead costs.
The advantages of having a virtual office cut across many different types of businesses with all manner of business models. Apart from cutting down on costs, a virtual office ensures all-time availability. Virtual assistants are available to take calls and book appointments even when the company director isn’t available.
Work from anywhere, stay in touch with your customer and grow your business - virtual offices give you the freedom to run your business. Whether you're in healthcare, legal services, finance, marketing, or trade profession, virtual functions are there for you.
If you're looking for a virtual office, be sure to contact us today.