“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”

  • Jack Welch 

Let’s face the fact, the global pandemic of COVID-19 has flipped the world of every individual upside down. This drastic phase has taught us the literal importance of the online world, whether it is losing jobs or apart from your loved ones. 

It’s hard to digest that more than 4 million people lost their lives due to coronavirus, but on the contrary, this drastic phase had a positive impact too. And that was exposed to the world of the internet. It gave many people the ultimate opportunity to add a new feather to their hats and make handsome money. 

In all of these, the trend of ‘virtual businesses’ was on hype and transformed many lives across the globe. What made it the new hotshot of the business world is the new norm of ‘working from home’ that brought the most revolutionary change in the corporate industry. Such is the impact of WFH that more than 70% of the corporate employees do it at least once a week now. The remote working culture is seen as a progressive approach to improved hygiene measures, better social distancing, and better productivity at work. 

What changed the most?

When millions of people lost their jobs overnight, the skilled professionals had no other option than to step out of their cocoon and be a part of the entrepreneurial world. As a result, we saw an immense rise in the number of businesses running worldwide. This exposed the world to a new concept of business named – virtual business. 

Here is a brief on the same – 

What is a virtual business?

It is a venture that conducts and runs almost all business operations via the internet. However, the business is likely to have a physical presence in the marketplace, but it is all digital when it comes to operating the business. A virtual company tends to focus on expanding its digital capabilities using multiple platforms. As far as the headquarters of a virtual business is concerned, it is more likely to be the native place of the business owner. 

As it does not take much investment in real life, many professionals chose to skip their 9 to 5 job routines and make their own money like a boss. If you have the same potential and ideas running all over your mind, then here are a few things to consider. 

Idea no. 1 – Develop a plan – Whether physical or virtual, the business should have solid-proof planning to achieve the mission and vision wisely. Therefore, it’s essential to create a thorough business plan covering all aspects of the business effectively. From the service area to the expected overhead costs, it should have everything mentioned in it. Moreover, it helps you get an idea about your future business plans, expected progress, and much more. 

Idea no. 2 – Work on a business address – Virtual businesses are recognized with their online identity, which is possible when you allow an official address. This is an essential factor to build business credibility, gain reputation and trust in the marketplace. This rule applies to every business type ranging from a startup to a giant like Google.

Idea no. 3 – Invest in a reliable virtual phone system – The present age customers/consumers believe in approaching call centers of the service or goods provider to seek assistance. That’s where you should consider having a seamless virtual phone system ready to serve your esteemed customers. When choosing a phone system for a Complete Virtual Office, make sure it contains some necessary features, including – call transfer, call routing, ‘click to call’ options, caller ID display, and much more. A dedicated phone system for your business proves helpful to accelerate the legitimacy of your venture. Plus, a reliable phone system service provider helps you get a dedicated 020 number for your business. This is a prime number for London, which adds more to the business’s reputation in the marketplace. 

Idea no. 4 – Consider having a virtual assistant by your side – Consider having a virtual helping hand for all administrative tasks, as this can take a toll on your overall business productivity. This will effectively offload your work burden for email management, marketing activities, and other social media tasks. 

Idea no. 5 – A well-planned website is a MUST – Your online business should have an impressive face to attract the ideal customers’ attention. Get a well-aligned website developed to showcase your business niche and have a platform to publicize your business. It is a good idea to impress your customers while expanding your marketing efforts. 

Idea no. 6 – A tracking tool – The rules of working remotely are somewhere different from working from a physical office. And that’s where you can realize the importance of having an efficient progress tracking system for your business. This digital tool can help you keep track of everyone’s contribution to ongoing projects and other relevant details. Moreover, the markets are flooded with several tracking tools that are integrated with payroll creation assistance too. This will help you have a record for all in one place. 

Idea no. 7 – Virtual meetings – It is one of the most significant points to discuss when working remotely. Regardless of how far the employees are sitting, virtual meetings are one way to connect all via one screen. That’s the magic of working in the virtual world. Therefore, it’s a good idea to have an online app or web app for your official stand-up meetings. Some of the most common mediums are – Zoom, Skype, Slack, and much more. Besides, it ensures seamless interaction among teammates or entire teams for effective communication. 

The bottom line is that – 

The approach and concept of running a business in the current times have gone to the next level. This has introduced us to virtual enterprises making new highlights. Handling a business becomes more accessible when done virtually as it adds to the business productivity, flexibility, and other progressive factors. 

“This is a Sponsored Post – the author has requested this post be shared on Inventing Women Magazine and WE were compensated for sharing.”