Remote work is continuing to grow in popularity for entrepreneurs. The ability to work anywhere, anytime is optimal for starting and growing a business. Let's be honest – starting a business is tough work, but remote work can make the process much easier. Here are five reasons why remote work is so important for entrepreneurs:
1. Start Up Costs
Long gone are the days of paying high costs for a brick-and-mortar office. More financially-wise entrepreneurs are starting businesses, and one big way to cut costs is to not have an office. No need for office furniture, no rent, no supplies. Most startup processes are managed efficiently online, from accounting and customer service to billing and taxes. By saving on start-up costs, you'll be setting yourself up for success in the future.
2. Flexibility for Entrepreneurs
Starting a businesses from the ground up is hard enough in itself. With remote work, you're able to utilize your time in a much more flexible manner. You can work while on the go, or while traveling. Additionally, being able to meet with clients and employees via webcam/conference call software is another great tool that allows you flexibility.
Remote work allows you to better market yourself. Your business is available to everyone, everywhere. Use this flexibility to your advantage, so you get more out of your marketing dollars.
Companies that could potentially become clients may find the fact that you're remote a huge bonus when it comes to you being available on the fly.
Since there is no physical office, scalability is easy. As you grow, integrating platforms for communication, HR, and project management make scaling your business much simpler. It's critical in your business plan to account for future scaling.
Remote work is here to stay. In response, new products are constantly hitting the market to make starting and managing a business less time consuming and stressful. Health benefits, insurance, and taxes (Typically huge headaches for entrepreneurs) are all manageable with remote work tools and platforms.
4. Talent Acquisition
Many entrepreneurs struggle with talent acquisition. By making your business a remote-friendly workplace, you'll be able to get top talent without geographic limitations. Additionally, many job seekers view remote work as a huge perk.
There are numerous job listing websites dedicated to helping entrepreneurs and business owners find remote workers. This makes finding employees ready and equipped for remote work a breeze.
5. Happier Employees
Studies have shown that remote work leads to happier, more productive employees. Without daily commutes, water cooler gossip, and office politics, employees are happier.
Stress levels tend to be lower in remote workers, as they're able to work from home, or at their own chosen location. Since employees are happier and less stressed, they are more loyal and more efficient. Culture and morale will be easier to manage, and employee turnover is lower.
For entrepreneurs, this means more deliverable items, more production, and more profit. You'll have fewer vacancies to fill, work culture problems, and fewer employee issues. Remote work is growing, and BuildTeamz is here to help you get your remote team off to a great start. Contact us today!