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Is A Virtual Office Good For Your Business?

For many employees, the days of working 9 to 5 at a traditional office are a thing of the past. Companies in countless industries throughout the United States are implementing the virtual/mobile work environment. This would not be a possible without the Internet, online faxing, mobile devices and cloud software applications, to name a few. Virtual offices can be quite beneficial because they are more affordable than leasing a brick-and-mortar office. They are also convenient for employees, since there is no need to commute to and from work. So, is a virtual office right for your business? There is no right or wrong answer to this question, but there are a number of things that you need to take into consideration before making a decision. This Balboa Capital equipment leasing blog entry lists some of the advantages and disadvantages of virtual workplaces.

Advantages of Virtual Workplaces:

Save Money
A virtual office is great for businesses that want to reduce their operating costs. By trading in the corner office for a home office, you can save money by not having to rent office space, or pay higher electricity bills that come with computers, telephones, scanners and other assorted office equipment.

More Convenience
The virtual work environment has some nice benefits for your employees. Gone are the days of driving back and forth to the office every day. Instead, your employees can work from the convenience of their homes. They will save money by not having to commute or go out to lunch as often.

Greater Flexibility
Some employees prefer to work alone because they are highly focused and don’t want to deal with the common interruptions that occur at a traditional office. Working from home is the perfect scenario for them; it presents then with a quiet environment without any distractions.

Disadvantages of Virtual Workplaces:

Self-Motivation is Needed
One thing to remember about working from home is that it’s easy to become complacent. Because the virtual office doesn’t have the daily routine of a traditional office, your employees might have a difficult time staying disciplined and motivated.

Lack of Human Interaction
Having a virtual office is not a good option for your company if your employees need to meet with customers or clients in person. Face-to-face interaction is necessary to sell your product(s) or service(s) and build lasting business relationships.

Detachment from Your Brand
When your employees work from home, they aren’t fully engaged in the day-to-day activities that take place at your office. Although you can keep them informed with phone calls and via email, they could become detached from your brand.

Balboa Capital hopes you found this blog post informative. We’ve worked with a number of small and mid-sized companies nationwide that utilize virtual workplaces. They look to us for cloud software financing, technology equipment leasing and small business loans.

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