Remote work…actually works. One positive many business owners and executives have taken away from the lockdowns is the realization that remote work is not an ugly solution to the effects of COVID-19 but the future of their businesses. A Gartner, Inc. survey of 317 CFOs and Finance leaders in March 2020 (Gartner) revealed that 74% will move at least 5% of their previously on-site workforce to permanently remote positions post COVID-19. Despite restrictions and stay at home orders being eased, or lifted entirely, around the country, remote business is the future; but before you hop on the latest trend, consider how transitioning fully, or partially, remote could affect your business.
Why It Works: Before remote work was forced upon businesses, executives had little incentive to test how effective and beneficial it can actually be; today they are seeing the rewards.
Cost-Cutting- Business owners are now realizing remote work can be a solution to cutting overhead, as the need for office space is diminished. Savings can also be seen as janitorial services are no longer needed.
Staffing- Remote work offers a larger, and possibly cheaper, talent pool to recruit from as businesses are able to expand their searches to other areas outside their primary city.
Technological Advances- Technology has come far enough that virtual meetings can function as effectively as those done face to face. Today’s workforce is more computer-savvy than ever before and capable of completing work without the help of onsite IT support.
Quality of Life- Employees too are reaping the benefits from at home work; eliminating commutes to and from the office helps to reduce their stress levels and improve their quality of life.
It’s Not All Roses: While there are significant benefits, it is not easy to transition your business to remote work for employees or managers.
Social- While Zoom meetings can replace face to face business meetings, they pale in comparison to the social interaction employees receive in a traditional office atmosphere. For many working aged men and women, their circle of friends is developed at the office. Remote work may hinder this and cause loneliness.
Health- Arianna Huffington, founder and CEO of Thrive Global, was concerned about the health repercussions for employees resulting from at home work in her CNBC @Work livestream event, Leadership & Management Amid Crisis. Physical problems such as pains from working on a couch or weight gain as a result of being close to the refrigerator were noted by Huffington.
Productivity- Aside from health concerns, productivity too can be difficult to maintain for employees who now are filled with increased distractions from home. Business owners and executives must adapt to leading and motivating their teams from a remote position and employees must find ways to avoid distractions and remain productive.
Start Dreaming Your Next Business Move
Maybe you haven’t started a business just yet, but you are taking all the steps to build on a firm foundation. Congratulations! We love to be a resource for small business owners, and pass on the knowledge we have in the business world. In these uncertain times, many people are starting over or starting a new business for the first time. If that is you, we are here for you. We work with small business owners to improve their financial face to the lenders and assist in getting you the most funds that are available to you.
Thinking of Starting a Remote Business?
Of course there are more options, which we will share on our next blog, but the key is to start exploring now. Don’t just sit at home watching Netflix and letting this opportunity go by. If you have the dream, we can help you get the funding to take the next step.
It’s becoming all the rage now, with people looking for opportunities and creating new business ideas. If you are one of the bright new entrepreneurs looking to weather this storm by building a strong boat, we can help you find funding options that are right for you. Why wait another moment?
Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!
Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.
Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584