Running a remote business for the long haul

Before 2020, working remotely was something that was on offer to some companies, however certainly not all, as the office remained the main hub of employment for many of us. 

However, since the outbreak of COVID-19, businesses varying in size, industry, and location have been forced to leave their offices and set up a working space from home. Over the last 6 months, companies have been relying on technology to communicate with employees to ensure their business continues to function as well as it can, and for many companies, it has proved that working from home has been successful, with boosts of productivity and employee happiness.

In addition, many companies are beginning to question if commuting to work, having set breaks, and being stuck at your desk all day, is really providing the best working experience for their employees.

With many businesses keen to get back to the normal office environment, there are many that have seen its potential and are set on making the change permanent. The likes of Twitter and Facebook, for example, are looking to make certain roles permanently remote, with Twitter CEO Jack Dorsey allowing his employees to work from home indefinitely. 

With the right technology and security in place, remote working has immense benefits to both the business and employee. And whilst this may not be for every company, the advantages over the last 6 months have proved enough for many business owners to make the transition a permanent one.  

Know Your Money reveal some top tips to follow.

Reconsidering the needs of your business now it’s remote

Your business and employee needs will have changed since working remotely, with some companies facing bigger changes than others. The most important thing to remember is that now your business has adapted, it is important for you to review your objectives and goals to tweak them in line with the changes.

Spending time going through the elements of your business you may need to look at change as a company now working remotely, as well as remove is the first step to creating an efficient remote business. Spend time looking through your employees’ roles and responsibilities to see if these have now changed. Have new roles emerged and have some potentially become redundant?

Going through these needs will not only solidify your goals as a remote business in the future, but it will also ensure your employees have a better description of their responsibilities.

For business owners, it is also crucial to consider these needs on both a short and long term basis, to ensure you are prepared as possible to transition your company smoothly into a permanent remote setup. This will also allow you to see if you need to look for new roles, which you can start recruiting for across the globe, with a remote business.

Take a look at the costs

Whilst business owners find the thought of no office rent an attractive option, it is crucial to consider the additional costs that do need to be thought about when making your remote business permanent. For example, whilst you may be saving on rent, you will need to sustain the benefits of what comes easy from within the office, for example, communication between employees, building relationships with potential clients and new business, and supporting people with their own working from home set up to ensure they are comfortable. 

Speaking to your employees about their needs and concerns is a great way to get an idea of any potential costs needed to make your business a success when working remotely. In addition, the budget saved from office rent is a great opportunity to invest in new technology to attract new businesses and clients.

Get creative with communication

One of the biggest challenges of working remotely is maintaining a company culture and a sense of teamwork. As a business owner, whilst a remote business does not have the easy option of spending time in an office together, it is a great opportunity for your company to get creative in how to keep in touch with one another.

From a day-to-day perspective, maintaining communication on a regular basis is the first way to ensuring your employees feel involved and engaged in their work. It’s also great to look at investing any budget you have in quarterly social events to get the team together, and end of the week virtual games, which will help keep a sense of community within your company.

With these tips, it’s immensely important as a business owner to re-evaluate your business if you are looking to make the remote transition permanent. Communication is key with both your employees and clients and being both conscious of your evolving needs is critical to the survival of the remote business for the long haul.

Author: Editorial Team

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