The virtual business model refers to having a business where you and people who work for you work from home.
It is ubiquitous now as increasingly more individuals are realizing the advantages of not commuting and choosing one’s own work hours. It is just one change that young entrepreneurs are taking advantage of. It comes with its challenges, as those who are just starting out can attest.
Whether you’re a rookie or a seasoned entrepreneur, here are five advantages and five challenges that can serve you if you take them to heart.
ADVANTAGES
- You don’t have to commute.
Working virtually allows you the freedom to spare yourself many hours fighting in traffic to go to work. You get to sleep when you want and do when you want. Some persons are morning-oriented. Their circadian rhythm is set for the earlier part of the day, and their best work is done in the morning. Those who are evening-oriented are the opposite. So when you work virtually, you get to choose the time that works best for you. - You get to choose your environment.
One of the premier benefits of virtual businesses is that it allows you to set up your work environment the way you want it. You get to choose who you communicate with and when. No one can barge in on you when you are hunkered down, trying to complete a project. You get complete peace and quiet to work. - You won’t have to pay rent twice.
When you are renting a place where all your staff can meet and carry on their duties, it comes with significant overhead. Lights, air conditioner, water, and your rent are high costs with virtual businesses you pay for your home, where you’d have paid your mortgage or rental already. - You get to set your work hours.
When you go virtual, you can set the hours you like best. Some persons don’t want a rigid schedule. They also want to chose what they work on, when. - You get to set your dress code.
When you have to go to the office, you have to be aware of how you are dressed. You will need to pay attention to your grooming. That is because others are using the same space you are using. You cannot go to the office dressed like you are going out to the park for a stroll. The time you would spend getting on getting ready, you can be more productive.
This story originally appeared in Volume 9 #2 – May – June 2017
Related: 5 steps to COVID-proof your business
Follow the Buzzz on Instagram
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The virtual business model refers to having a business where you and people who work for you work from home.
It is ubiquitous now as increasingly more individuals are realizing the advantages of not commuting and choosing one’s own work hours. It is just one change that young entrepreneurs are taking advantage of. It comes with its challenges, as those who are just starting out can attest.
Whether you’re a rookie or a seasoned entrepreneur, here are five advantages and five challenges that can serve you if you take them to heart.
ADVANTAGES
Working virtually allows you the freedom to spare yourself many hours fighting in traffic to go to work. You get to sleep when you want and do when you want. Some persons are morning-oriented. Their circadian rhythm is set for the earlier part of the day, and their best work is done in the morning. Those who are evening-oriented are the opposite. So when you work virtually, you get to choose the time that works best for you.
One of the premier benefits of virtual businesses is that it allows you to set up your work environment the way you want it. You get to choose who you communicate with and when. No one can barge in on you when you are hunkered down, trying to complete a project. You get complete peace and quiet to work.
When you are renting a place where all your staff can meet and carry on their duties, it comes with significant overhead. Lights, air conditioner, water, and your rent are high costs with virtual businesses you pay for your home, where you’d have paid your mortgage or rental already.
When you go virtual, you can set the hours you like best. Some persons don’t want a rigid schedule. They also want to chose what they work on, when.
When you have to go to the office, you have to be aware of how you are dressed. You will need to pay attention to your grooming. That is because others are using the same space you are using. You cannot go to the office dressed like you are going out to the park for a stroll. The time you would spend getting on getting ready, you can be more productive.
This story originally appeared in Volume 9 #2 – May – June 2017
Related: 5 steps to COVID-proof your business
Follow the Buzzz on Instagram
Share this post: