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Virtual Office vs Physical Office: Which is right for your business?

Virtual office or physical office: Which is the best?

If you run a company, you may be wondering whether it’s best to opt for a virtual office or to rent office space. There are advantages and disadvantages of both options, and the type of company you run will play a role in the decision-making process. Here are some critical factors to consider.  

Cost

Cost is a factor for the majority of business owners, particularly in a city like London, where office space comes at a premium. A virtual office in London offers a cost-effective, affordable alternative to leasing offices in exclusive locations. You could save yourself a substantial amount of money by cutting out rent fees and swapping a physical base for a virtual space.  

Flexibility

More and more businesses are operating remotely, and this means that companies may be paying out for space that they are not actually using anymore. There has been a shift towards home working, and this is a trend that looks set to grow in the future. Despite the fact that the pandemic has been a major trigger, studies suggest that 76% of employees would like to continue working from home once the crisis is over. A virtual office offers flexibility, enabling you to manage teams remotely and get together for meetings and conferences.  

Brand image

There are pros and cons of both virtual and physical offices when it comes to creating a positive first impression and building trust and confidence. If you meet with clients face-to-face, welcoming them to a stylish, contemporary, clean office can help to set the right tone, but if you can’t afford a prime location, this can affect a customer’s perception of your brand. A virtual office offers a solution. With this option, you can take advantage of a prestigious London address, which will create a professional image, and you can rent meeting rooms if you need to see clients and customers.  

Work-life balance

Did you know that most employees now rate work-life balance higher than salary on their list of priorities when searching for a job? Flexible hours and the option to work remotely help to enhance wellbeing and give employees more control over their schedules. A virtual office enables you to run your business efficiently while enabling your team to cut out commuting and make more of the working day.  

Which option is best for my company?

Every company owner has unique needs and preferences. Virtual offices can be beneficial for many businesses, but in some cases, companies will benefit from having a physical base. A virtual office in London is an excellent idea for firms that are looking to save money, facilitate flexibility, and create a professional brand image. Virtual offices are becoming more popular, and they offer benefits for companies that are looking to lower expenses, save time and boost efficiency. If you’re thinking about switching to a virtual office, it’s worth getting some quotes and taking a closer look at the services and locations on offer.