Pros and Cons of a Virtual Office
The advent and evolution of technology has significantly altered the traditional model of the office space and environment, allowing new and more flexible means of managing a business, and of these alternative business structures and working arrangements, the virtual office is one of the concepts that has been gaining the most traction in recent times.
Driven and motivated by better technology and modern management techniques, as well as the need to keep the costs in check, a growing number of small, medium-sized and startup businesses are accepting the concept of a virtual office, which have proven a very effective means of dealing with companies’ administrative and communication requirements.
As with all innovation, however, and alterations from the standard model, there are bound to be certain disadvantages to this manner of approaching business, some of which are inherent in the concept itself. With this in mind, there are some undeniable benefits to be drawn from having a virtual office, making it ideal in many respects for startups and growing businesses. We look at some of the pros and cons of having a virtual office versus a physical one.
Advantages for Virtual Office in London
Though there are various advantages to having a virtual office in London, one of the main reasons why this concept has had such success is impact on reducing costs. Without having to rent physical office space in London, which in a city like the capital can quickly deplete your resources due to the high rent prices in the areas where you would most like to have your office address, small businesses and startups provide an opportunity for businesses to reduce their costs dramatically.
Virtual receptionists also do not require companies to hire extra staff and the associated costs. Further, virtual offices can provide mailing addresses, business support services, top range telecommunications, call forwarding, appointment scheduling, mail handling, meeting rooms and conference facilities.
Having a virtual office also allows employees the opportunity to work from the comfort of their homes, or wherever they may be, without having to deal with lengthy commutes and transport to and from work every day, a major plus when looking to run a business in London.
But perhaps one of the most appealing characteristics of virtual offices in London is the possibility of projecting a professional image of the company, in as much as it permits businesses to have a central London business address, where they can conduct group meetings and meetings with clients, allowing them to make that all important first impression for a minimal fee compared to what it would cost renting a physical office in the same zone.
Disadvantages for Virtual Office in London
As mentioned above, there are several problems that may be encountered when renting a virtual office in London, most of which are intrinsically linked with the central concept of a virtual office, namely that there is no physical location for everyday exchange between colleagues and other fundamental aspects that can be found in traditional physical office spaces.
One of the consequences of this is that it may result in minimal employee motivation and management. Employee dissatisfaction and lower productivity are real dangers in this respect, and, as this model presents fewer, if any, opportunities for teamwork between colleagues, may negatively effect on the growth of the business. This also greatly increases the probability for miscommunication between employees.
Another difficulty that virtual offices in London present is the fact that, as most of the services offered are via the use of technology, should there be any technical difficulties at any time, crucial time may be lost and will this hamper the company’s basic operations.