Going Remote: How a Small Business Can Make the Transition

What was once a dream, working from home has turned into a common reality for many Americans. Businesses of all sizes are starting to realize the benefits and ease of giving employees the flexibility to work remotely. Research shows that the number of remote employees has jumped 115 percent since 2005. While allowing remote work can be a bit more tricky for larger organizations, it can be a smooth transition for many small businesses. With smaller team sizes, it is easier to create, implement, and manage this transformation. The key to making this type of transition is to create a strategic plan of action. Before making the move to having a remote team, it is important to understand the benefits that come from it. One of the biggest reasons for making the transition is a financial one. With all employees working from home, small business owners can lower operating costs associated with rent, an on-site IT team, and utility expenses. Office-related spending, including office supplies, furnishing, and food and beverage costs, will also be eliminated. In fact, full-time remote workers can help entrepreneurs save an average of $10,000 per employee per year. Consequently, these lowered overhead costs can help boost profitability.