The stigma behind running a business entirely in a virtual environment has now mostly disappeared, with so many large tech startups over the last ten years showing just how easily it can be done. Running a virtual business is certainly different from a brick-and-mortar model. However, with all the resources now available, anyone can do it.
Running a virtual business can offer significant benefits over a traditional offline setup:
- Freedom: No worries about having to stay in the same place for too long. A virtual business can offer you the freedom to work from anywhere at anytime.
- Minimal investment: No offices to rent or furniture to buy (when going the virtual office route.)
- Labor costs are cheaper: If you use virtual assistants to run your business, there are no recruiting costs, health benefits, vacation time, or sick pay to shell out.