Office Management: The Pros and Cons of Virtual Offices

Business.com / Technology / Last Modified: February 22, 2017

The trend of virtual offices is starting to gain momentum. However, as every single product out there, even virtual offices have their...

With technologies constantly pushing all kinds of businesses to new levels, the trend of virtual offices is starting to gain momentum.

However, as every single product out there, even virtual offices have their pros and cons.

So what are they? And is there a definite verdict when it comes to virtual offices? Whether you think it's a great idea or a bad one, this article will help you answer some tough questions about whether a virtual office is right for your business.

Related: Already have a physical space? Furnish it with furniture from our high quality vendors

The Pros

First of all, let's take a look at the pros. The biggest one, quite obviously, is the pricing. Businesses -- small and big -- are always looking for ways to get more for less. And virtual offices do provide them just that.

With prices well below the ones of regular offices (as is evident from the experiences of many entrepreneurs, thousands of dollars can be easily saved by replacing regular office space with virtual offices), they represent the ideal option for companies that are trying to make their presence felt in quite a few places at the same time.

Related: The Pros and Cons of Working in a Shared Business Space

The second greatest advantage of virtual offices is the lack of management needed. Regular offices have to be managed on a regular basis; a virtual office needs little management, simply the right tools for everyone involved.

The Cons

There are plenty of pros when it comes to virtual offices. But what are the cons? There surely have to be some, right? Well, there indeed are some downsides to virtual offices.

  • The lack of physical space is naturally the most important one and it is something that business owners have to include in their business plan. If space is something that will be needed later on, virtual offices might not be worth the upfront cost savings.
  • With the statistics showing that around 59% of employers in the UK were offering teleworking programs to their employees in 2011, and the need for space is becoming lower than ever before.

Related:Going Green and Cutting Expenses with Virtual Technology

So What's the Verdict?

At the end of the day, it all comes down to the specific needs of your business. If you are looking for a cheap alternative to regular office space and don't really need additional physical space, virtual offices might easily be exactly what you are looking for.

It is easy to take a look at the current business landscape and see that. With the rising popularity of teleworking and the increasing number of businesses that operate exclusively on-line, there is a bright future for them -- and there is no reason why your own business venture couldn't benefit from them as well.

Consider what your business needs, and how it will operate to determine whether this is the best option for your new and growing business.

Bio: Lewis Edward is one of the owners of TheOfficeProviders. He is a real estate investor with many interests in other sectors. Lewis researches and contributes various written features for TheOfficeProviders in areas regarding real estate, includingvirtual offices and Office Space for Rent and general business and economy matters. 

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