Being a fully remote company has become a popular choice for many businesses. The pandemic demonstrated that some businesses could successfully operate remotely, and so many more businesses have been choosing remote work as a permanent option.
However, as with anything, there are pros and cons to being a fully remote company. So, if you are considering this for your business, then check out our pros and cons list to see if it is right for you.
Pro: Flexibility With Working
One big positive of being a fully remote company is that you have full flexibility with working. It means you can work wherever you are in the world.
Technology has come so far and now we have the freedom to effectively work and communicate from any location. However, if you have always had a physical office space, you may worry about things like receiving mail for your business. Thankfully though, you can actually get a virtual address for your business which eliminates any of these worries.
A virtual business address can be organized through a company like Physical Address, and they will scan your mail and upload, it so you can access it online.
Con: May Encounter More Technical Issues
One con of being a fully remote company is that you may encounter more technical issues. As people are working from home, they are relying on their own internet to power their day, which can sometimes be an issue. Not everyone’s home internet service is reliable and if their internet cuts out, you will have lost a whole day of work. It may seem like a small issue, but it is something to consider before you take your company fully remote.
Pro: Saves Money
Another advantage of being a fully remote company is that it saves you money. Once you have moved from your physical office, you no longer need to pay for the upkeep or rent of the building. Additionally, it will save everyone money on commuting as they do not need to pay for public transport or fuel for their car. Commuting can sometimes take up a huge amount of people’s own time, whereas working from home gives people back their time so they can use it how they like. This is a major upside, and it is definitely one of the main positives people have said they like about working from home.
Con: Less Community
One disadvantage that can come from being a fully remote company is that people lose some sense of community. Being in a physical office space allows people to actually interact with their colleague's face to face, which can be extremely beneficial for your employee’s mental health. Working from home on a full-time basis could lead to some of your employees feeling isolated or distant from their colleagues. So, if you are planning on moving your company fully remote, then make sure you have something in place that will ensure employees can openly communicate with one another and be sure to regularly check in on your employee’s wellbeing.
Ultimately, choosing to become fully remote is a choice only a business leader can make, and it requires research and hard work. Use these pros and cons to get started and make an informed choice.