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How can a virtual office save time and money?

4 Ways a Virtual Office Can Save Time and Money

Balancing the books is a challenge for any business owner, but if you’re just starting out, or you’re navigating a period of growth or instability, it’s particularly beneficial to try and make your money stretch as far as possible. Virtual offices are an increasingly popular alternative to traditional physical offices, and they offer a raft of benefits for company bosses. The most significant advantage for most employers is the ability to reduce expenses without making sacrifices. When you utilise a virtual office in London, you can take advantage of an exclusive business address, while saving vast sums on rent, running costs, and employee expenses. Here are some effective ways a virtual office can save you time and money.  

Rent

Renting an office in London is notoriously expensive. In fact, figures from Statista suggest that Central London is one of the most expensive places to rent office space in Europe. Many small and medium-sized businesses cannot afford to pay for premium locations. Using a virtual office enables you to capitalise on a prestigious address without paying a fortune in rental costs.  

Staffing costs

If you have an office in London, you will incur running costs. One expense that many businesses take on without really being able to afford to do so is hiring and training a receptionist. A virtual office offers an alternative to adding to your wage bill, as you can access services such as call handling and mail forwarding. Your business will run smoothly and efficiently, while also saving a substantial amount of money.  

Remote working

Remote working is now the new norm, but even before the pandemic, more and more business owners are favoring a flexible approach, which enabled teams to work from home. A virtual office enables you to enjoy the perks of having an office, while also facilitating cohesive, effective remote working. With a virtual office, you can manage your business while allowing your employees to benefit from remote working options. Statistics suggest that cutting out the commute is the main reason for increased productivity at home. Almost 30% of employees use the time they would have spent on a bus, tube, or train working.  

Administration tasks

Running a business involves juggling multiple balls at the same time, and often, tackling mundane, repetitive tasks can eat into the time that should be devoted to core jobs. If you or your team are trying to take calls, sign for parcels, and answer the phone when you should be focusing on tasks that are fundamental to the daily running of the company, a virtual office can make all the difference. With this option, you don’t have to worry about administration duties, and your employees can concentrate on priority tasks.   [dt_divider style=”thin” /]   A virtual office offers a convenient, cost-effective alternative to a physical office. Whether you’re just starting out, or you’re looking to save money to fund expansion plans, it’s wise to consider swapping to a virtual office to cut costs and boost efficiency.