Apr 21, 2014
With the pandemic, many entrepreneurs, start-ups, SMEs, and freelancers have opted for virtual office space, making it an increasingly popular option. Businesses have chosen Work from Home, despite operating from a physical location, and Virtual Office spaces have become more prevalent due to their cost-saving benefits than a regular workspace. Before moving further, let’s understand more about them.
What Is a Virtual Office?
A virtual office enables organisations and people to work from anywhere by using a smartphone, computer, laptop, and internet connection. Employees and teams use teleconferencing, team applications, video conferencing, and other technologies to coordinate their work with no physical touch. Individuals may work, brainstorm, plan, and execute activities remotely. While people and enterprises concentrate on their core competencies, they provide them with the benefits of a real office, such as a phone line with a receptionist, a registered professional address, and meeting spaces that may be utilised as needed.
A virtual office provides businesses with a physical address as well as office-related services without the need for a long lease.
How does it work?
Virtual offices serve consumers as a single entity but do not provide any physical office setup. However, you may use meeting rooms as required. This sort of configuration is quite helpful for start-ups and small enterprises looking to cut costs. But, the development of web-based office productivity tools and services, such as videoconferencing, has contributed to the expansion of virtual workplaces.
The virtual office service provider manages all parts of your company’s operations for anyone working from their preferred location, whether at home or remotely. They will handle everything from answering phone calls to assisting you in arranging an investor meeting. Many virtual office service providers also offer value-added services such as business consulting, finance, human resource management, marketing, and so forth.
Meeting rooms are available for booking at the coworking space, and they can bring a whole new professional approach to all of your company meetings, team talks, and hiring. It is usually a good idea to check on this facility because it might improve your brand’s image among your stakeholders. They can also increase productivity by relieving employees of administrative responsibilities and commutes. As more individuals find methods to work remotely, the advantages of a virtual workplace become clear.
A virtual workplace has two appeals to users. The monthly cost of it is far lower than that of a typical office. After all, it doesn’t have any maintenance or upkeep expenditures. They can also be secured on a month-to-month basis lease, giving users additional flexibility if their business evolves.
Virtual office spaces offer physical business address at prime locations which you may also use as a registered office address for any legal purposes and as proof of your company’s address. Some of the coworking and virtual office space providers also assist you in obtaining NOCs and utility bills for your records and purposes.
The professional impression that a famous business address may create is one of the initial advantages of a virtual office. You may guarantee your company’s image with clients is trustworthy, reputable, and authentic by having a physical business location and office phone number.
Setting up a virtual office in a suitable region for your business might help it look larger and more established than it is.
Cost savings are always a benefit, no matter where you are on your company path, and when it comes to virtual offices, savings may be realised in a variety of ways.
Renting an office building in a plush location would be substantially more expensive, even before you include in the additional expenditures associated with owning a building. With a virtual office, you may save money on administration, infrastructure, equipment, maintenance, and technology expenditures while simultaneously saving money on premises.
The primary reason for having a postal address is to communicate by physical mail, and your physical mail must be maintained while you are away. When you operate remotely, virtual office service providers handle your mail and couriers for you.
Optional Business Assistance Services
Business assistance is an often-ignored component of virtual offices, yet it may be quite beneficial to your company. Call answering, mail processing, and general administrative activities can eat up valuable time that could be better spent elsewhere.
Many virtual office packages incorporate these services, which means your firm may remain operational at all times, allowing you to focus on your primary business tasks. Furthermore, some virtual offices offer business concierge services such as HR, legal, accounting, and IT assistance.
No Long-term Commitments
Unlike traditional office locations, virtual offices allow you to gain the same benefits of having a company address without the significant financial outlay and commitment that comes with signing lengthy lease agreements. Some of the plans may be reserved on a monthly or ad hoc basis, lowering your financial risk and allowing you to adapt or upgrade as your business evolves. As a result, they enable you to select services based on your needs and available time.
A Lot Other Benefits
- Many virtual office plans allow you to utilise additional workplace locations owned by the same firm, allowing you to work remotely from numerous places for a fraction of the expense of hiring multiple office spaces
- It provides complimentary meeting rooms when working with clients or meeting new customers
- If your staff can work remotely but like to work from an office occasionally, they are open to it
- Virtual offices are a sensible, low-cost method to grow into a new region, but they may also open doors to local talent
Let’s Sum Up
If you are a growing firm searching for a Virtual Office in Hyderabad, Bangalore and Mumbai, then iKeva is the right place for you. In addition, you also get membership benefits and best-in-class amenities while working remotely. The virtual office solutions provided by iKeva allow you the flexibility in upgrading or downgrading, and that too, at any time during the term of your contract.