5 Ways of Starting Big Online Office

 

5 tips when starting a digital office

1 - Choose your team strategically

Handpick each member based on their background, experience, and knowledge of the project needs, and only enlist the help of other company departments (legal, risk management, etc.) as needed in order to keep everything streamlined.

2 - Narrow your options upfront

Start the site selection process with the most basic parameters that any company should consider—for instance, proximity to customer base, available labor pool, and a business-friendly economic environment.

3 - Use digital platforms

As an alternative to visiting locations in person, as you typically would during a site selection process, use a web-based tool to accomplish this process virtually. You can also use online video platforms to work with local commercial real estate agents to help find sites that fit your size and configuration requirements.

4 - Lean on local partners

After identifying sites that met your needs, start probing the local economic development groups in each of the target areas to gain a better understanding of how the region would match up with your criteria: location, logistics, talent pool, cost of doing business. Finding partners that can connect with you virtually while advocating for you physically is invaluable in the new operating environment for growing businesses.

5 - Virtual or bust

Ultimately, the time and money invested in the virtual process was considerably less than if it had been approached in the conventional manner. This will be the de facto way of making expansion decisions moving forward.