How is Virtual Office the Next Big Idea of Entrepreneurship?

The upturn in the world economy and favourable policies of governments everywhere have thrown open many opportunities for entrepreneurs and start-ups. Nowadays, business fortune is based on performance. But, in case of small enterprises, it also depends on impression or image in the market.

As regards start-ups, they need to create a great impression on business partners and customers. Thisimplies a central business address, professional workspaces,and presentation of a modern image. Typically, for a start-up, this amounts to high costs of real estate, high costs of workforce and training, and many issues of administration.

Thankfully, this need gap can be bridged by virtual offices. Virtual offices enable you to carry on your business in a professional manner without expenses of full-time office space and employees. Virtual offices, as well as co-working spaces, are comparatively new services, which come to the help of entrepreneurs and start-ups.

A small business owner or a freelancer will turn their garage or basement into a working office. But often they find the need to maintain a professional image before clients. When the traditional option of leasing or buying an office may seem to be simply too expensive, a virtual office may be the right solution.

Also, with the tech industry buzzing with start-ups, the key to their success is a high level of efficiency. A virtual office is a good place to begin a start-up. Recent times have seen the burgeoning of services of virtual offices to help start-ups to build their business.

Success happens when you minimize overheads, increase sales, and reduce costs. These are vital for start-ups as they enter into new markets. Virtual offices are a great option for travelling executives, entrepreneurs, start-ups and project-based clients.

Let’s checkout, how these virtual offices can prove a boon to new start-ups and entrepreneurs:

Highly cost-effective

When it comes to the issue of cost efficiency, nothing can beat rental of a virtual office (apart from beginning in your basement!). The best virtual offices in your city are, in fact, very affordable. You can also easily rent such an office. You don’t have to worry about furniture, equipment, and administrative personnel as, by definition, a virtual office is equipped with all these before you move in. As such, time and cost of moving in and starting operations is minimal.

Virtual offices are also highly efficient because of the space-on-demand services that they offer. When you require more office space or more meeting rooms, you can easily rent them. As and when your start-up expands, you can include more facilities in your plan.

Provide the professional business address

In modern competitive markets, the image is everything. Every week, thousands of start-ups are established every day. Hence, to stay ahead of the rat race, it needs more than great services and products. You need to maintain great branding and corporate image to lure investors and customers.When you search for the virtual office in your city, make sure it is located in a prestigious address. Infact, OFC.SPC can help you get your virtual office in big cities like Delhi, Gurgaon, Noida, Mumbai, Pune, and many more. This will boost up the corporate image.

Help in smooth communications

Virtual offices come with a host of useful services. One popular feature is that of trained receptionist, who will attend to mails and calls. Another bonus is that you can have your own business phone number with features like call forwarding, answering services, and voice mail.

In case, you are expanding the business to foreign locations, an international virtual office could be a frugal solution for communications. As stated by Vinay Kumar In Business Today, who is the Country Head, Philippines of OnTrac Operations Management Solutions,  “Apart from cutting costs, the virtual office service has been particularly helpful as international clients call on a local number that gets routed to India. We also use the virtual office as a central location to visit clients.”

A list of typical communication services provided includes – professional receptionist, dedicated phone number, a delivery system for e-mail and voice mail, interactive personal voicemail (24×7), fax number and service of a multi-lingual personal assistant.

Provide facility for meeting rooms

Virtual office packages also come with meeting room services. Meetings can be hosted in well-appointed training rooms that feature video-conferencing, free internet access, etc.Rooms come in all sizes to cater to your need for either small or big meetings.

Ensure much flexibility for running a business

For staying competitive, your start-up needs to be as flexible as possible. This consists of capability to upgrade to a service office or have access to extra space when necessary. Mostly virtual offices have executive suites and serviced office space. You will be able to grow and expand, without needing to move to a new address.

Provides continuity of operations

This is a crucial factor. It is a great hassle if you have to move into a new office space, every couple of months in order to keep up with the pace of business growth of your company. You will have to change addresses on business letterheads, notify clients and deal with resultant nuisances which will hamper your business.

Final Word:

Thus, we can say that virtual offices offer a unique set of features that cater to needs of businesses, especially for start-ups and entrepreneurs. The latter can focus on core business activities while ensuring low costs of operation. The services of receptionist, clerical staff, equipment maintenancestaff, and setting up of offices in foreign locations are all made easy and efficient via virtual offices.