![]() ![]() These virtual workspaces provide you with access to a workspace, usually in the form of desks or a coworking space. This type of virtual office is a good option if you need to have a physical address for your business but don’t need or want the hassle of renting an actual physical workspace. This virtual office provides you with a virtual office address and sometimes also offers additional services such as mail forwarding and telephone answering services. ![]() Let’s take a look at them! Virtual Office That Provides A Business Address Three main types of virtual offices provide an array of virtual office packages. This flexibility also refers to the opportunity to choose the type of virtual office you need, let’s address them! Types of Virtual Offices These spaces have become especially popular for small businesses and startups because they are cost-effective and offer flexibility that standard office spaces cannot match. And third, the rise of the gig economy has led to a decrease in the number of full-time employees.Īll of these factors have contributed to the growing popularity of virtual workspaces.Second, technology has made it easier than ever to work remotely.First, there’s been an increase in the number of freelancers and solopreneurs in recent years.Like everything in life, there are a few reasons for this continued growth. This growth is only expected to continue! According to Maximize Market Research, in 2020, the virtual office market was worth US$ 34.77 billion, with total revenue expected to grow at a rate of 16.52 percent from 2021 to 2027, reaching nearly US$ 101.39 billion. In 2006, there were an estimated 30,000 virtual workspaces worldwide, and by 2016, that number had grown to over one million. The virtual workspace has grown in popularity since Ferris’s book was published. In his book, Ferris described them as: “A new way of doing business that takes advantage of the latest technologies to allow people to work, however, whenever, and wherever they want.” Nevertheless, the term “virtual office” was first coined in the late 1990s by Timothy Ferris, author of The Four-Hour Work Week. It’s been around for years! The first serviced office can be traced back to 1966, when Paul Fegen founded “Fegen Lawsuits.” The company provided office space, secretarial services, and receptionists to virtual businesses. Cloud services, virtual private networks (VPN), and desktop as a service (DaaS)Įven though we could think the concept of a virtual office is very “avant-garde” it is not a new concept.Telephone answering and video conferencing service.Call answering services, mailing address, mail forwarding, and virtual receptionists.In the virtual office package, there are a lot of services provided such as: It’s a way of working that is not bound by geography. ![]() A virtual office is an office without wallsĪ virtual workspace replicates a physical location environment by using technology to connect employees who work in different locations. Set Up A Strategy What Is A Virtual Office?Īccording to Messenger and Gschwind (2016), the term virtual office refers to an office space that employees can access and use via Information and Communications Technology (ICTs) tools to work remotely. Let’s take a look at what virtual offices are and how they can help your business stay afloat during these difficult times! Therefore, under this scenario, virtual offices have become not only a necessity but also an opportunity for businesses to maintain some level of operation even in the most trying times. In fact, the contemporary world is known as Volatility, Uncertainty, Complexity, and Ambiguity (VUCA), and the business sector is not an exception!Īnd certainly, with the COVID-19 outbreak the business environment became even more VUCA. Who was expecting that a tiny little virus would lock us in for months, anyway? Sometimes we can think we are living in very strange times as everything we know changes every second making it difficult to establish patterns. So if you’re interested in learning more, keep reading! In this blog post, we will discuss what virtual offices are, their advantages and disadvantages and how to set one up. This situation led certain businesses to establish virtual offices as a survival strategy for their economies and livelihoods.Ī virtual office can be a great way to get the benefits of having a physical office without renting or purchasing physical space. ![]() It’s not a secret that working under the standard office nine-to-five work schedule in a physical office setting got very difficult due to social mobility and physical limits to contain the spread of the COVID-19 epidemic. ![]()
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