According to Investopedia, it a virtual office is a business location in cyberspace. The setup is primarily run by internet access with the help of gadgets like laptop computers, mobile phones, tablets, and the likes. It is said that a virtual office significantly cuts operational costs of companies because they do not need to be pay rent and other utilities as compared to what a traditional office space would require.
Documents can also be shared through emails; and meetings can be done through teleconferencing and video conferencing. The setup also enables the company to hire employees from varied locations—thus removing the limitations set by location.
Virtual offices in Singapore are slowly easing their way in. there are a lot providers that offer varying packages. So when sourcing for a virtual office provider, make sure that you know what exactly do you need for your business to work. This is to avoid paying for add-ons or services that you might not really need.
Below is a list of some of the generic features of a virtual office provider in Singapore. You might want to inquire if the providers that you are eyeing are offering these as part of their package:
- Phone / Fax Number
- Meeting Rooms
- Secretarial Services
- Other Services
Take note that each of the setup—virtual office and physical office both have their pros and cons. Make sure to weigh and look at each of the points of comparisons before you committing to anyone. Make sure that your goal is clear and you have listed everything that you need—especially the important ones that are crucial to your operation. If you assess that you will be able to operate without that extra monthly subscription to an email anti-virus, for example, that your virtual office provider is offering, then say no. Besides, the business’ role is for you to generate income, not the other way around.