Millennials are on the rise, and now comprise the largest living group today, according to the Census Bureau. And since this generation spurs current market directions through their buying decisions, it makes sense that business decisions in the upcoming years will cater to the unique needs of this generation. With more and more Millennials joining the workforce, new products and technologies, as well as processes aimed at catering to their needs in a more convenient manner, are coming of age.
More and more, people are able to work from home or at a client’s location for the quickest turnaround time possible, making full-time, centrally-located offices of their own less important to many businesses. Virtual offices can benefit your business by:
- Offering a professional address. A virtual office gives you access to a top-tier, professional address for your business. This gives your company instant credibility when it comes to clients and potential employees. Along with a professional address, you can also get a business phone line and mail handling services when you choose to invest in a virtual office space.
- Helping minimize your operating costs. Monthly costs including rent, utility expenses and other overhead expenses can prove to be a heavy load for most companies, especially startups and small businesses. Getting a virtual office helps eliminate these costs, generating savings that you can apply to other aspects of your business.
- Enhancing productivity. On the average, most employees spend two or three hours a day getting ready for work and commuting to the office. With a virtual office, you can instead use this time to work and thereby increase your daily productivity.
- Giving you access to global talent. Gained a client in Singapore and need someone to be there at least once a week? A virtual office allows you to “be” there via video automation–meaning you can hire someone who works from home to represent you in a specific location, even if it’s half a world away.
A virtual office surely brings many advantages to the table. But to find yourself the virtual office set-up that suits you and your business best, you need to do some careful homework first. Learn about the main things to look for when searching for a virtual office in the second part of this blog!