The challenges are greater now than
ever for startups and growing businesses to stay competitive, and more and more
of these companies are leveraging available technology such as Virtual Offices to
scale-back on cost, complexity, and liability, in order to access better
economies of scale and have competitive advantage.
Virtual
Offices are a leading way in which new and growing businesses access lower
costs – and this article goes in-depth to explain how you can setup and (successfully)
run your own international virtual office.
Our goal is introduce you to the
world of international virtual offices – how to set them up, and how to run
them successfully. It’s a lot of information, so we’re going to break it down
for you and approach it step-by-step.
Let’s start by discussing what a
virtual office is and how it compares to a physical office.
The Virtual Office
Virtual technologies are based on
computers and the Internet. Today we talk about virtual classrooms and virtual
libraries. We even have virtual supermarkets and bookstores like eBay and
Amazon.
In a similar way, a virtual office
is an office based on computers and the Internet.
You still have people working together
like in a physical office, but:
In a virtual office, people work
remotely from different locations around the world while being connected by
devices (computers, tablets, smartphones, VoIP phone systems, etc) and the
Internet.
Advantages of a Virtual Office
Startups and growing businesses are
focused on keeping costs low. This is because lower fixed and operating costs
allow them to record higher profits – giving them the advantage they need to
not only be competitive, but also to grow and be successful.
- With a virtual office, businesses avoid fixed costs like rent and maintenance because there is usually no physical building or equipment
- Operating costs are also drastically reduced in virtual offices because of the reliance on software and hosted (cloud-based) services as opposed to actual office equipment
- There is a leaner and more efficient operational and administrative model in a virtual office
- Overhead costs can be avoided (such as travel or meeting costs)
- There is greater automation of business processes as well as extensive access to performance data, analysis and reporting
Virtual offices essentially allow businesses to do away with the ‘middleman’ and focus on productivity and core work processes.
Setting up an International Virtual Office
All virtual offices are
international by default because they can be accessed by people from different
countries around the world (since they are based on the Internet).
How is a virtual office setup? Well,
the first thing is to recall how a physical office works:
In a physical office, people come to
work in a building. They have their own desks and equipment, and they have
roles or job functions, which they perform for the agreed number of hours daily
or as required. Employees follow laid-down administrative procedures (work
hours, deadlines, reporting, meetings, etc) and there is operational hierarchy.
A virtual office is based on the
same rules, but is designed differently:
- In the first place, instead of having a building you have a collaboration platform or project management system, which is a kind of special website that your staff can access on the Internet from anywhere in the world and work from accounts that have already been setup for them – ActiveCollab is a good example
- The project management system will be client-facing as well as staff-facing, with full-service options for both sections
- Each staff member can view assigned tasks and projects as well as record time, bill accordingly, or submit deliverables from their account, while clients can monitor the status of ordered projects, pay or take other actions
- Dedicated Email is used to facilitate communication between staff, with each staff member having a dedicated email account like: john.doe@virtual-company.com
- Email Notification Systems provide real-time updates on tasks, projects, and meetings, and are usually built into the collaboration platform or accessed as a cloud application (e.g. Google Calendar)
- VoIP Softphones like Microsoft’s Skype and Cisco’s Webex are used for real-time meetings with full voice and multimedia support
- Cloud Apps are used for accounting and billing (e.g. Freshbooks), document creation, collaboration and sharing (e.g. Google Drive), online data backup (e.g. Backblaze or SugarSync), and other work functions
- Each staff member is expected to provide their own dedicated Internet connection, computers, and other work equipment
- Where deliverables are non-digital and can’t be sent over the Internet (very rare), postal mail or courier mail is used, usually according to a special arrangement between the company and the provider
So, to summarize, you would need
these seven things to setup your virtual
office:
1) Project
management platform
2) Dedicated
Email
3) Email
notification systems
4) VoIP
softphones
5) Cloud apps
6) Computers
and devices
7) Dedicated
Internet connection
Tip: One of the best things
about having a virtual office is you can set it up right at home using your
existing Internet connection (Broadband and better) and your computers at home
without ever buying new equipment!
With virtual offices, it’s entirely
a software affair. Some of the software required can be purchased or activated
online (e.g. the Project Management Platform, Skype or Webex). Others are cloud
apps that are accessed as services (Software as a Service, SaaS) like Google
Calendar, Freshbooks, and SugarSync.
Dedicated email can be obtained
through a Google Apps account – this allows you to enjoy access to Google’s
business services including Google Drive and Google Analytics at the same time.
At the end of the day, businesses gain tremendously by only having to commit a few hundred dollars annually for all of the online services they need to run their virtual office.
How to Run Your International Virtual Office Successfully
We’ve seen how you can setup your
virtual office using nothing but your home computers, Broadband Internet
connection, and a set of online software.
Setting up your virtual office is
only the beginning – running it successfully, like running a physical office
successfully, depends on having the right business skills and the right people.
Being Tech-Savvy Helps
Like we’ve already seen, building a
virtual office is a little on the technical side with the Internet and cloud
apps – things you can get comfortable with if you’re willing to put in a bit
more time online.
If you decide you don’t have the
time to spend a couple of hours online a day getting used to these
technologies, you can always get some help. Having an intern or recent college
grad on your staff is always a good idea to get the hard work done affordably,
or at least to get you acquainted with the technology.
Hire the Right People!
This point can’t be stressed enough
– people drive business. You have to take the time to build an international
team of people that are driven and talented, with the right outlook you need
for your business.
In fact, qualities like honesty and
reliability are more important than ever when setting up a virtual working
environment – you need people you can trust and count on to get the job done.
Build Teamwork with Regular Communication
One thing you can’t afford to do
without in an international virtual office is regular communication – you will
typically have people working from different countries and time zones, with
different things going on in their lives.
You need to touch base regularly to
ensure that everyone is on the same page, and that you are aware of their
particular circumstances at any time. This will provide a sense of engagement
and commitment for your workers, fostering teamwork and better productivity.
Have a Great Work Strategy
Just like in a physical office, you
need to have a great work strategy that makes the most of your available
resources. You need to coordinate your remote staff properly to make sure that
their skills are being put to the best use.
Come up with team schedules,
brainstorming sessions, and even the occasional social event to keep your team
motivated and engaged with your process. Organize workflow to make sure
everyone is always engaged doing something – and always take care of your
people!
Major Points
So there you have it – we’ve
discussed how to setup and run a successful international virtual office.
Hopefully, we’ve been able to
demystify the concept of a virtual office and establish the advantages for your
businesses.
- We’ve learned that a virtual office is simply an office based on the Internet and computers, as opposed to a physical office with a building and equipment
- We’ve also seen the advantages of virtual offices including lower fixed and operating costs, more scalability, and greater automation
- We covered the seven things required to setup an international virtual office, and we mentioned: project management platform, dedicated Email, Email notification systems, VoIP softphones, cloud apps, computers and devices, and a dedicated Internet connection (Broadband or better)
- We also gave some advice on specific software you might need when setting up your virtual office such as ActiveCollab for project management, Google Calendar for notifications, Skype or Webex for meetings, Google Drive for documents and collaboration, Freshbooks for accounting and billing, and SugarSync for online backup
- Finally, we gave some advice on how to successfully run your virtual office using time-tested principles like hiring right, building teamwork and regular communication, and having a great all-inclusive work strategy
We hope you have enjoyed reading
this article and that you have found it beneficial.
I certainly found this interesting. great work! Love thIs post. willl be sharing wIth my friends. thank you
ReplyDeleteThank you John! I appreciate your interest. Kindly share with your friends. Also let us know what you would like to read on this blog - keep coming back for more great content! Thanks again.
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