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Tag Archives: 2019

Why Virtual Businesses are the New Norm (Contribution from Ujëbardha Bekolli of Mother-Works)

The following post comes to us from Ujebardha Bekolli who is a writer for mother-works.com. MotherWorks is a job portal designed to bring together stay at home moms and recruiters. The platform also brings helpful articles in the blog section regarding mothers who want to return to the workforce.


why virtual businesses are the new norm

Why Virtual Businesses are the New Norm

People’s lifestyles have changed these past years. With the revolution of the internet, we have discovered that we don’t need to go to an office to do a job. Companies’ ongoing intentions of lowering costs and people’s needs for flexibility, together with the internet revolution have created the perfect climate for a new way of doing business. Virtually.

A virtual business consists of constant activities you have to do in order to create a product or service. So virtual businesses is basically an organization with no office where all of the employees work remotely. The roles are separate, there are managers and supervisors, they just don’t work under the same roof.

But nowadays, remote jobs are not considered only as an option, there are companies who operate completely virtually. Hundreds of companies proving that this is doable and can work. The number of companies operating remotely keeps growing every day. The largest business in the world, Amazon, is a virtual business. Amazon is the world’s largest retailer and employs over 150,000 people. Many businesses operating in the same industry have found it hard to compete with Amazon due to its low cost operating policy and innovative nature.

Amazon is only one example of virtual business, but it shows us that traditional business making is not the only way to go. The way virtual businesses work is by outsourcing many operations to third-party companies, but still keeping some core activities in-house.

How they do it?!

One of the greatest challenges of virtual businesses is recruiting. While most people like the idea of remote working, few are cut out for it. Isolation, time management, and burnout are some of the few challenges employees face when they work remotely.  To overcome these challenges, companies have carefully curated recruiting systems and communication canals that fight that.

There are some characteristics that define people who are fit to work remotely. Better said, there are some things to be established before employees recruit some for a remote job. The ability to take action and prioritize is a key factor when working remotely.

Of course, like with everything else, this way of making business has its advantages and disadvantages.

The Good

Counting down the good and the bad for virtual business is the way to understand why it has become so huge. People’s search for flexible jobs is at its core what makes virtual business the success it is. Not only do virtual businesses offer their employees flexibility, but they become a flexible themselves and adapt to change faster. Another reason is the cutting down of costs. By having a virtual business, you don’t have to pay rent, utilities, energy, water, etc. Even if you have headquarters, the costs are still lower.

In a study conducted by professor Nicholas Bloom, he found that people who are allowed to work from home have higher job satisfaction and work more efficiently in comparison to the ones who had to work in an office.

The Bad

But there are also a few downsides to running your business remotely. Communication becomes harder when all of your employees are operating from different places. This may cause miscommunications, leading to mistakes that could cost the company more. Another thing people are concerned about is the reduced productivity one the people who are not easily self-motivated.

Lastly, it comes down to this. The new way of business making has changed the way we think about efficiency and productivity. People’s needs and demands are changing and companies are finding ways to offer better products and services with lower costs and modernized operations. This is why virtual businesses are the new norm.

Have you had any experience working from a virtual office? Share what you have found to be the highs and lows of this booming trends in businesses by leaving a comment below!

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Top 10 Blog Posts on Life and Entrepreneurship in 2018

Top 10 Blog Posts on Life and Entrepreneurship in 2018

Happy New Year’s Eve! Whether your plans to ring in the New Year are big and fancy or small and casual, at midnight tonight our clocks will all tick forward to 2019.

While today is a day that we tend to start looking toward the future and planning for the New Year, there’s one more thing we need to do to close this chapter on 2018. Join me as I take one last look back at 2018 and the topics that hundreds of thousands of you have enjoyed over these past 52 weeks.

#10 – Five New Year’s Resolutions for Better Time Management

If you’re like most people, better time management is a New Year’s resolution you set for yourself just about every January. Start 2019 off right with a new plan for your time management strategy. With fresh ideas and a renewed commitment, you will set yourself up for more success and less stress both personally and professionally.

Read the original blog here.

#9 – How to Win Back a Client

Client relationships aren’t unlike any other relationship we have in our lives. Breakups are hard and sometimes you really want to win someone back, especially if they’ve been good to you. Check out this blog post for tips and best practices to win back a client, and grow your business.

Read the original blog here.

#8 – When Should You Outsource a Task?

There are several key indicators of a task that could and should be outsourced. Read this popular blog post to learn what they are and how to apply them to your own to-do list this New Year.

Read the original blog here.

#7 – Married to an Entrepreneur: 8 Tips to Survive and Thrive

Whether you’ve been married to an entrepreneur or business owner your whole marriage or this is something completely new for you, there are some tried and true secrets to success I’ve discovered from my own experience. Learn what they are in this blog post!

Read the original blog here.

#6 – 11 Tips to Become a Better Public Speaker

Public speaking is a gift, and it doesn’t come naturally to everyone. However, there are some exercises you can do to enhance the necessary skills to become an effective speaker. Even if you don’t foresee the need to speak to groups of hundreds of people in your near future, being a good speaker will help you with everything from small client meetings to convincing your kids to do their chores.

Read the original blog here.

#5 – Love or Hate Infographics, They Work! Here’s Why.

Do you have a love-hate relationship with infographics? I get it. Sometimes this buzzword makes my skin crawl, especially when clients think it’s the solution for just about every communication problem out there. But there is a time and place where infographics can be highly effective. Learn what that is in this popular blog post.

Read the original blog here.

#4 – 7 Tips for Productive Conference Calls

If conference calls often feel like a huge road block in your work day, you’re in good company. I’ve struggled with making conference calls more efficient, and dare I say enjoyable, for years. Here’s what I learned about improving the effectiveness of conference calls.

Read the original blog here.

#3 – 6 Ways to Grow Your Media Relationships

Forging meaningful relationships with key media contacts is helpful for any business owner and entrepreneur. It’s especially helpful for those of us who are in charge of advertising, marketing or public relations for a business. In this blog you’ll learn six ways you can grow your own media relationships in 2019.

Read the original blog here.

#2 – 5 Things Consultants and Freelancers Need to Stop Doing

We often read about what we should be doing, but this blog take the opposite approach of pointing out some really harmful habits of consultants and freelancers that need to stop in 2019. Learn what they are in this blog.

Read the original blog here.

#1 – How Public Relations Makes Advertising More Effective

And finally, at #1 is the most popular blog from 2018. This is something that many business owners and entrepreneurs don’t really take time to think about, but it’s so important for any business – especially if they want their advertising dollars to work harder for them. Start 2019 off right by learning how public relations makes paid advertising more effective.

Read the original blog here.

Which of these top 10 blog posts on life and entrepreneurship inspired you the most? What topics would you like to see me touch upon in 2019? Share your thoughts by leaving a comment below!

 
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Posted by on December 31, 2018 in Business, Business & Success, Life

 

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