Globalization has called for businesses to be run in a manner no one could have ever imagined even years ago. The introduction of the World Wide Web has revolutionalized the concept of how businesses are run in today’s ever changing business climate.
How do Conventional Office and Virtual Office compare?
Conventional Office | Virtual Office | |
Average cost of rental @ RM3000.00 per month without cost of setting up | RM 36,000.00 | N/A |
Cost for Telekom phone line rental RM 45 per month = RM 540 per year |
RM 540.00 | N/A |
Cost for Telekom fax line rental RM 24 per month = RM 288 per year |
RM 288.00 | N/A |
Utility Bills ie. electricity and water @ RM 500.00 per month | RM 6,000.00 | N/A |
PA/Receptionist employment @ RM 1,900.00 per month | RM 22,800.00 | N/A |
Cost of initial office set-up ie. renovation and furniture @ RM 60,000.00 | N/A | |
Deposit of 3 months rental to Lessee @ RM 9,000.00 | N/A | |
*Tenancy contract of 2-3 years and re-instatement cost | N/A | |
ANNUAL COST COMPARISON & SET-UP FEE | RM 65,628.00 | RM 2,480.00* |
*Price may differ depends on the prepayment plan.
While the advantages of working from a home/virtual office may seem obvious to you (more freedom, more flexibility, the opportunity to be at home with your kids) there are probably even more benefits that you haven't thought of. Here are a few:
Reduction in stress levels from not having to drive in congested traffic to and from work | |
Time saved not commuting to an office | |
Monetary benefits from savings in gas, wear and tear on your car, business clothing, and lunches out | |
Benefits from being able to manage your time more effectively | |
Productivity benefits from being able to work when you are most productive | |
Health benefits of being able to eat a better diet that includes less fast food | |
Opportunities to get physical exercise when needed mentally | |
Reduced stress benefits | |
Benefit of living a more balanced life | |
A more relaxing work environment | |