Much of today's business happens in traditional offices. A physical building houses workspaces to which employees commute every work day. However, with so many new technologies, one of the main benefits emerging is the ability to set up a virtual office.
With a virtual office, instead of paying high costs of renting an office space, you can instead focus on using funds for hiring and retaining top tier talent. No longer do you need to worry about logistics of moving people to headquarters; no longer is there a need to worry about state lines or country borders. You don't even have to buy technology or cell phones anymore.
Eliminating all that overhead that you'd be paying per square foot, you can compete with some of the larger firms within your industry.
A virtual office will allow you to reduce client fees while being able to increase profitability. Employees see it as a huge benefit and it allows you to compete at a different level focusing on what’s really important and how to achieve results.