While home-based businesses are starting to become more and more acceptable, with several major enterprises, such as Amazon, having started out as home-based businesses. As such, having the physical address that comes with a virtual office will add legitimacy to your business since your clients will be privy to a location that isn’t simply someone’s home.
SurePayroll finds that working remotely adds to productivity. Traditional management values may say “when the cat’s away, the mice will play,” but these new stats say otherwise. Because the water cooler is no longer and office politics are no longer an issue, people get things done faster. 86% of employees surveyed prefer to work alone. Just as importantly, 66% of management surveyed say that employees who work alone are telling the truth – they actually are more productive.
You might decide to hire a PA on your timezone, who can work (virtually) alongside you each day. But, thanks to modern technology, you could also hire a PA on a completely different timezone which means that while you sleep, work gets completed. This gives you the space to set tasks throughout the day as you think of them, then wake up to a completed to-do list. For entrepreneurs who aren’t able to forward-plan tasks, this gives you the time and space to allocate responsibilities and make the most of your virtual PA.
Increase cross-cultural awareness. People involved in global teams should know and understand the challenges that come with communicating across cultures. For example, an American multinational oil and gas corporation wanted to ensure their non-Iraqi employees were equipped with the cultural knowledge and skills needed to succeed in the Iraqi context. Aperian Global worked with corporation leaders and local Iraqis to design a workshop for multinational employees assigned to Iraq, and it was offered in the US and the Middle East. A pre-departure workshop was also created for employees traveling to Iraq. It addressed issues such as safety, security, and health, as well as business and cultural topics. The workshops gave leaders and employees the information, skills and confidence needed to successfully collaborate and conduct business across cultural boundaries.
Developed by one of the leaders in the AI space, IBM, Watson Assistant is one of the most advanced AI-powered chatbots on the market. Pre-trained with content from your specific industry, Watson Assistant can understand your historical chat or call logs, search for an answer in your knowledge base, ask customers for more clarity, direct them to human representatives, and even give you training recommendations to hone its conversational abilities.