What is a virtual business?

28 Aug What is a virtual business?

Imagine being able to wake up in the morning and not having to rush in the shower and iron your work-shirt; not having to battle against the rush hour traffic or hoards of people on the morning train; or not having to be roped into doing the monotonous tea-round when, really, all you wanted was a simple cup of coffee for yourself.

With a virtual business, you can wave goodbye to all of that. Learn what a virtual business is today, and how our virtual offices packages can help you achieve a flexible working solution for your company or working lifestyle.

Virtual business definition

A virtual business refers to the idea of working remotely – but the actual definition of what a virtual business is has changed somewhat over time. Initially, virtual companies were thought of as virtual if they merely outsourced some work to people in different cities or had ‘virtual teams’ or departments in another area or region.

However, nowadays, being a virtual business can mean a lot more than that. In the ever-increasing technological era, being an 100% virtual business is very possible – meaning everybody in the company would work remotely and, most likely, individually. This can allow for nationwide, or even worldwide, employees to be part of the same business – as location is no longer a factor.

Virtual business management

Of course, it’s not always possible for every role or industry to be adaptable to being 100% virtual. Yet, there are a number of sectors that could perfectly fit the bill:

• Publishing
• Marketing
• Finance
• Sales
• Customer service
• Helpdesks/webchat
• Education… to name a few!

Dependent on the style and nature of your business, virtual businesses can be a great step forward in creating a diverse, flexible working community that can be an attractive pulling point for recruiting candidates, and expanding your business. Find out more about the benefits of flexible working now.

Managing virtual employees is a completely different ball game to managing employees in a physical office. This is due to lack of physical communication, little face-to-face interaction and an absence of physical teamwork between virtual employees. Needs more tips on how to manage a remote team? Read our helpful guide now.

Having a virtual company is vital with help from a virtual office. Located in the heart of Birmingham’s city centre, Grosvenor House offers supreme location at an affordable price – meaning you don’t need to compromise on location when searching for your perfect city-based office building. Want to know more? Contact any of our helpful team today – or explore more about our coworking spaces or meeting rooms to hire in Birmingham today.