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The first known serviced office company, OmniOffices Group, was created. Below are some milestones in the resulting evolution of the virtual office, along with the advent of technologies that help shape the industry.
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In the mid-20th century, professionals and executives began to examine ways to make more efficient use of the rising cost of real estate, personnel and other capital. As an executive suite, lease became increasingly impractical for certain types and stages of business, it naturally opened the door to a virtual office concept. The virtual office concept is an evolution of the traditional executive suite. The concept of a virtual office had roots before and during the Industrial Revolution, where parallels to current work styles, specifically working from home, have been drawn.
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That is why it became necessary to create an appropriate software environment to ensure these processes' functioning. When employees don't have to spend time, money, or resources on transportation between home and work, it positively impacts employee productivity. Employees will be more productive if they believe their company trusts them, recognizes them, cares about them, and receives the proper training (including online processes, etc.), project management, and support to perform their tasks productively. Īlso, according to the research, the attitudes and policies of employers in the virtual platform affect their employees' personal lives and productivity. Virtual office providers may also include digital capital such as cloud storage, web hosting, email and other web-based applications. They offer users a wide range of functionality and customization l allowing companies to create a virtual office that matches the company's brand. For example, companies like KumoSpace and Pluto utilize spatial audio to recreate a company's physical offices in a virtual environment. Rather a virtual space for employees to gather and perform business-related activities. When referring to a company having a virtual office, this no longer refers to a standard set of business services. This led to the appearance of virtual office software.
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In 2021, a number of companies set out to fix the challenges of virtual meetings. At the same time, a company can offer its clients and employees a stable home office with access to amenities such as receptionist, conference rooms, desk space, mailboxes, printing and faxing at a permanent address, which are owned and maintained by the virtual office provider or a third party. One of the primary allures of the virtual office is the flexibility it offers for employees and freelancers to work from a satellite office, home office, remote location or even on-the-go via a mobile device. The concept is popular with companies of all sizes, including self-employed entrepreneurs. Customers pay a contract fee for these services which may be offered à la carte, as packages or membership subscription. Virtual office services started in the 1960s as serviced offices and have evolved with technology to include a wide variety of personnel, physical space, digital storage and communication services.
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This can be an attractive option for businesses that want to project a professional image without the cost of a full-time office. These services are usually provided remotely, but also some virtual office providers have a physical office space where clients can have access to these services. Some virtual office providers offer additional services such as meeting room rentals, administrative support, and live receptionist services. It can also be used by larger companies that want to establish a presence in a specific location without committing to a long-term lease.
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A virtual office is part of the flexible workspace industry that provides businesses with any combination of services, space and/or technology, without those businesses bearing the capital expenses of owning or leasing a traditional office.Ī virtual office can be used by entrepreneurs, freelancers, and small businesses that do not need or cannot afford a traditional office space.
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