The Future Ahead of Virtual Business

The Future Ahead of Virtual Business

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Krisha Banta started this petition to department of labor and employment

            The rapid advancements that technology has undergone for the past few decades is isn’t far behind. Computers have been improved and gotten faster, mobile phones have been accessible and have gotten smaller, and gadgets have been up to update and have gotten more sophisticated. Companies from around the globe are now relying on the emergence of technology more than ever to help drive innovation, strategy, growth and increase competitive advantage. It has become a crucial and indispensable part of almost every kind of business form. It provided us the accessibility and the convenience to acquire information.

            A virtual business conducts most or all of its business via the internet and does not have any physical premises to intact with customers face-to-face. A virtual business may outsource all of its business functions such as product development, marketing, sales, etc. Today, many businesses are thriving to be known as “100% virtual.” It has brought convenience to people who don’t need any physical presence to go to work. Location is also isn’t important as long as they have a mobile phone and a constant access to the internet.

            The benefits that virtual business has to offer. No need to pay rent. A virtual business location allows you to work wherever there is an Internet connection. Business won’t have to pay too much more with these physical locations. Lower maintenance. Through virtual business, cost of maintaining one’s business drastically decreases. People provide a service that doesn’t require a physical meeting between the business owner and the client. Cheaper labor costs. A business commonly hires employees when in need of assistance. However, labor costs can be quite expensive depending on the budget of the business. Virtual business can hire virtual assistants even people who don’t live in the same country as you. Anyone can find inexpensive virtual assistants who live internationally for a much cheaper rate, and still get the amount of work done that is needed.

            For the past decades, virtual business dramatically changed and its emergence have brought ease to people who use it. It offers a wide range of benefits to the people who are into the world of business. Through virtual business, businesses don’t need to pay their rent for physical location, it also lowers the maintenance the business needs to maintain and it offers cheaper labor costs for the sake of the business’ budget. Virtual businesses are increasing in popularity, and anyone can probably see why. With the benefits virtual business has to offer, businesses should opt to become “100% virtual.”

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