Technology has been evolving at a rapid pace in recent years. Smart technology changed how our homes functioned, and computers transformed the average workplace to allow for more productivity. As technology progressed, business owners also started to realize that the entire way they do business could be transformed. From monetary savings to productivity increases and flexibility, going virtual could very well be the way of the future. If you’re not yet convinced, check out some of the benefits of virtual business operations below.
While there is undoubtedly value in keeping many tasks in-house, some can be outsourced to other businesses specializing in that line of work. Take accounting, for example. It may not be your strong point, nor is it always something every business owner has time to tackle. However, virtual bookkeeping is something that a business outside of your own can manage from anywhere in the world. You may experience both time and cost savings by considering outsourcing some of your daily tasks to virtual workers across the globe.
Going Virtual for Productivity
Many managers and business owners get nervous about the prospect of their employees working from home. There can be a general mistrust and a belief that they won’t stay on task or get as much work done on the company dime. Research shows that quite the opposite may be true. A two-year study displayed incredible productivity increases that amounted to the equivalent of an extra full day of work. Employees even took less time off and had fewer breaks.
The average business owner has several thousand dollars of costs to cover every month. One of many ways to cut those costs is by going virtual. Not only can increased productivity lead to more work for less money, but you’re also removing many of those costs associated with a physical office location.
When your entire team is working from the comfort of their home, there is no need to pay for an office lease. There are fewer associated costs without an office such as building insurance, electricity, computers, internet, and phones. Some business owners may like to financially support their team with setting up a home office, but many simply hire virtual workers who already have these setups in place.
Business owners and managers can find themselves under an immense amount of stress. On top of managing their everyday operations, they also have to ensure their team is happy with their work. If they aren’t, staff retention can become a genuine problem that requires addressing.
With that in mind, studies show that remote workers can be 22% happier than those who aren’t working in a virtual or remote role. They also report having more focus, less stress, and a better work-life balance. They may even be willing to work longer hours, which may just benefit your bottom line.
COVID-19 thrust remote working into the spotlight in 2020, with millions of people having to work from home. However, virtual business operations were already gaining momentum. Many workers preferred to work from home for flexibility and to avoid a commute. If you haven’t yet considered going virtual, then now might be an excellent time to evaluate your business operations and explore the possibilities.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.