How to Expand a Business Internationally with a Virtual Office
Oct 24, 2017 22:10
The prospect of leaving the safety and security of an established local brand can be intimidating. Yet, for most businesses, global expansion is an important goal. Some consider it an essential part of success, as it transcends financial gain. If you can make a difference in more than one part of the world, you’ve built a legacy.
It’s not easy, and many companies wait a long time before they commit to expansion. It can be costly, full of risk, and hugely time-consuming. However, it could also change your life. For friendly locals, tax breaks, and fertile economies look to Southeast Asian countries like Malaysia, Thailand, and the Philippines. They have an awful lot to offer entrepreneurs.
This article explores the role virtual offices play for businesses trying to enter the Philippines.
Understanding How It Works
First, you’ve got to understand what constitutes a virtual office. This is a workspace that exists ‘in the cloud.’ There is no physical environment. Tenants use remote methods to log or check into a centralised facility. They access software and other resources in a virtual form.
So, one example is when a user needs to pick up phone messages. The phone line is real. It exists at a local facility, with a real receptionist. However, the user doesn’t have to visit to operate it. They can check for updates online or call the facility and talk to administrative staff.
What This Means for Expansion
To get a better understanding of virtual offices, visit www.servcorp.com.ph/en/virtual-offices/. Here, you can check out pictures and reviews of one of the best providers in Manila. In simple terms, virtual solutions are like having a mobile office in your pocket at all times.
Wherever you are, as long as you have an internet connection, you’ll be updated on company calls, letters, parcels, and more. This is a benefit when expanding, as it involves lots of travel. With a virtual office, you can forge new connections without losing track of existing ones.
Laying the Groundwork
The smartest way to plan an overseas expansion is to, first, gather as much information as possible about the new market. Even if your mobile team is very small, this is going to cost a significant amount in travel, accommodation, food, and marketing expenses.
You can eliminate the cost of a formal lease by opting for a virtual one. They’re highly practical, particularly during the initial phases when you’re figuring out whether the market is worth a commitment. You get all the same resources, but the office is fully mobile and flexible.
Plugging Into Local Networks
The virtual vendors in Manila and other parts of Asia are heavily involved in the corporate communities around them. They don’t just provide tools and software. They also offer support and advice. Many host their own networking events or pass on information about local events.
If you’re new to a city, in your own country or overseas, networking and pitch events are wonderful resources. They let you observe the local culture and customs and put you in touch with influential people. You never know who you might meet at the next corporate gathering.
How to Connect with Virtual Offices Overseas
If you’re interested in expanding into the Philippines, you probably know a little about the culture already. You may even have spent some time there. The good news is there are some fantastic virtual vendors in the capital city, and they’d be happy to welcome you.
The first step is to find out if there’s a top-rated virtual facility in your current town or city. Many of the best vendors operate an international system. When tenants register in one region, they automatically get access to other virtual solutions around the world.
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