Small business owners and entrepreneurs all have one major issue on their mind; security. Yes, we all love the idea of owning our own business and starting something that could grow big, but the truth is, we’re all terrified of what it could mean to our well-being should we lose our main source of income.

 

We could argue that having multiple sources of income is crucial for any budding entrepreneur, but there are only so many hours in a day and it’s incredibly important that we take calculated risks instead of going head-first into what could be a poor financial decision.

 

However, one of the most interesting ways to approach small business ownership is with a remote workflow. In this post, we’ll be discussing a couple of reasons why you should consider switching to a remote workflow or starting a business with these principles.

 

1. Better collaboration

One of the most difficult things to nurture in the workplace is natural collaboration. Most offices delegate single tasks to single employees and there’s rarely ever a situation where collaboration can be more effective.

 

However, remote workflows remove any kind of physical barrier to collaboration and instead, make use of tools such as Google Drive which can give your employees the features they need to collaborate with virtually anyone in the world. This means work is done faster and more efficiently, and also nurtures teamwork in your group.

 

2. Inexpensive to run

When compared to renting an office, purchasing supplies and paying for utility services, cloud solutions are arguably much cheaper to operate, meaning you can start a business with far less capital than you’d imagine.

 

This ultimately means that you can afford to create more business and if you’re starting a solo business, it means you can afford to fail without risking much of your funds.

 

3. More employment opportunities

A unique advantage of harnessing a remote business workflow is that you have more choice in employees. When you own an office and expect employees to come into work, you’re limited by your geographical location which means you have less talent to pick from.

 

When you work over the internet, you have the entire world at your fingertips. You could hire talented employees from all over the world and hand-pick workers from a huge pool of talent.

 

4. Fewer stressful factors

Commuting to work, interacting with employees and managing an office comes with far more stress than simply running an online business with remote employees. There are fewer expenses to worry about, there are fewer points of failure and you’ll be more efficient overall.

 

Don’t underestimate the advantages of reducing stress when it comes to running a business. The more time you have to yourself, the more time you have to be creative and generate new business ideas.

 

5. Work from anywhere

And lastly, we can’t forget about the advantage of being able to work anywhere you want. Whether you’re working in a coffee shop, at home or a shared office space, you can simply lug around a laptop and do your work wherever you go.

 

This gives you plenty of freedom and allows you to moderate and keep your business running no matter where you are.