Running a business from home has become a much more attractive and attainable option for many people during these current trying times. For start-up businesses in particular, the benefits can be colossal. Without the need to hire office space, a business can focus available funds on the growth and expansion of their business.
These funds could therefore be devoted to such integral outgoings such as staff costs, marketing, and employee benefits. Saving as much money as possible, a new business could very well become increasingly successful in a considerably short time frame. All of this could be achievable from the comfort of a home environment.
Whether this is done with the help of a virtual office based anywhere in the UK, or just from home, saving critical costs in this way is vital for many young firms. Considering the current rising costs of offices in certain hubs in London, many companies are indeed drained of their incomes for this very reason.
Compare this to the situation with basing your business at home; not having a separate office space won’t merely save you money, but will also give you the advantage of not needing to commute, which is both a financial and convenience benefit.
Another thing about a lack of commute time is that it helps to drive up productivity, which further assists in a business’s success. As you don’t have to devote a lot of time to travel when you work from home, you’ll have a lot more time in which to work.
The same applies to any employees of yours who may be working remotely in these coronavirus times. Indeed, remote working is associated with greater staff happiness, 55 per cent of commuters having reported increased stress levels when they commute.
In light of this, why couldn’t a business be more successfully run at home? Increased productivity, in turn, drastically improves the work-life balance of employees, and makes them happier in their working environments. A successful business depends on its workers, so the happier they are, the more a business thrives.
This greater willingness to work may also apply to prospective clients of your business. If you’re based from home and conduct meetings with clients via video calls, both prospective and current clients may be likelier to agree to meet with you, than they would be if you insisted on them coming to your impressive office in person.
Communication is another one of the most important aspects of a business’s operations. There are so many ways in which communication can be improved when business is conducted from home, assisted by advances in technology and connectivity.
Free online communication options, such as Microsoft Teams, Zoom and Skype, make virtual business meetings quick, convenient and intuitive. Everyone can be told everything they need to be told in a short space of time. It is also easier to ask questions and contact people that are overseas online, especially since there are now cheaper connection options.
What’s more, if you’re feeling inspired, a virtual office from BE Offices or another leading provider will allow you to project the impression of already being a larger and more prestigious business than you are, while still working from home. Who said you couldn’t have the best of both worlds?
Every piece of information needed to run a business is available now, with a few clicks of a mouse button. It is therefore becoming more and more undeniable that you can indeed successfully run a business even from your humble abode.