As of 2018, 3.6% of the U.S. workforce worked from home. Since the 2019-2020 COVID pandemic, work from home numbers has grown exponentially. Though the transition has been abrupt for many, entrepreneurs and companies have adapted quickly.
For business owners, you might wonder what remote business growth can look like now and beyond. Will going remote alter your strategies? The answer depends on your industry and goals, yet there are some tips every business owner can use.
Benefits of Remote Business Development
Remote work is challenging, but there are many benefits as well. While you’re trying to grow your business online, you’ll have access to a broad vendor and talent pool. Remote businesses can hire workers from all over the U.S., so you aren’t limited to your home market.
A remote business also means you’ll save money. Your operational costs don’t have to include office space, which can take up a big portion of annual finances. Without an office space to worry about, you’ll also save the money that would have been used on furniture and utilities.
With many cost savings, you can allocate more funds toward business development.
How to Grow Your Business Remotely
Growing your business remotely takes a combination of patience, leadership, and resources. If you’re used to working in an office, your routine as a business owner will look very different.
Find the Right Digital Tools
Business development requires a lot of collaboration. Working remotely means you need the right tools to foster that collaboration online. Consider the software you need for internal and external communications.
Your resources might include online chat, video conferencing, document sharing, and more. Some tools you might also be able to outsource, especially since you’re already building a remote business.
Instead of purchasing your software, you can bring on remote accounting teams and sales teams who can use the resources they already have. Being able to work with remote vendors usually offers cost savings as well, since you won’t need to build up your in-house processes.
Secure Key Employees
One important part of a remote company is leadership. Managing remote teams can become unruly, so it’s important to fill senior roles in project management, human resources, and more.
Through these hires, make sure your leadership team can establish a collaborative environment. Most remote workers have higher productivity at home, but less collaboration.
A great leadership team can ensure everyone maintains open communication and knows how to signal for help even while they’re working remotely.
Growing a Remote Business From Anywhere
Growing a remote business looks different from the traditional methods you might use in an office. Though it’s a challenge, there are many benefits to remote business development.
As you get started, it’s important to rethink your expectations. Consider how you can use remote work to your advantage and outgrow your competition.
Contact us today to get started building your remote tech needs.