COVID taught us a lot about life, and how quickly it can change. For some of us, it was a good change, for others, not so much. Either way, we were all affected by COVID in some way, shape, or form, and that’s okay. We learned a lot about ourselves and how the world works, and, just like any great entrepreneur, we adapted.
Many of us have found ourselves working remotely – or maybe more remotely now. Prior to COVID, it was typical for Entrepreneurs that have a team to work together and in unison. Now, the playing field has changed and people are more apt to work remotely now.
Here are the Top 5 reasons why working remotely is better:
- If you’re the CEO, you get your space so you can think and execute.
There’s nothing wrong with isolation. It can be a great thing, and I would say is a daily essential. Being one with your thoughts, intentions, and to be centered are superpowers when it comes to being an Entrepreneur. If you’re the CEO, everything starts and ends with you.
I heard a quote from a good friend of mine recently: “An army general only has time to do 1 thing…COMMAND!”
Being an Entrepreneur with a team means you determine your end goal, your core values, and then you find the right people to then put them in the right position for success. If they are successful, so are you. So much of our job as CEOs is thinking and planning, and being remote gives you the space you need so you can focus on the tasks at hand and make sure you run your army the right way.
2. You don’t have to get ready, travel, or spend money on clothes/dry cleaning
Let’s be real here… we’ve all done Zoom Calls without pants on, or without showering. Who cares? No one will be able to see below the deskline or smell your armpits. In all seriousness though, working remotely leads to time savings which yields more productivity.
Not having to shower first thing in the morning, get dressed up, or drive to an office/location is a huge advantage and will save you a lot of time and stress. Right now, there are many blessings in disguise like this that present an edge to the person with the right mindset.
You can even save money on your dry cleaning needs (if that’s something you did prior to COVID) because you don’t need to press your slacks while sitting in your home office. You can take that money and invest it elsewhere in your business.
3. Many other people are working remotely
With mostly everyone else working remotely, it’s perfectly acceptable to say to a prospect or potential hire:
“Let’s just do a Zoom Call”
This saves you time, gas money, and it’s totally acceptable on the other side. In fact, many people prefer this now. It has now become acceptable and welcomed (in most cases) to do business remotely both internally and externally. In some cases, it almost would seem to be intrusive if you wanted to go meet with someone face-to-face. That’s how some people think now, and that’s totally okay.
4. Working remotely cuts down on overhead
If COVID taught us anything, it was to be great stewards of money and think about the highest and best ROI at all times. Many companies with large overhead got crushed when they saw sales evaporate, revenue come to a screeching halt, and an overall slowing of business… especially large companies with massive office spaces.
Office space, equipment, food & supplies, etc. are EXPENSIVE! Usually they are a great investment, but if you want to set up a remote team, it’s easy and inexpensive to do. Plus, the money your company will save on overhead can be put to work elsewhere to help grow your business.
By reducing overhead, many companies can recoup the money they lost due to COVID.
5. Faster work and better communication
Let’s face it. We are now primarily a culture of text communication. I know a few people that have their phone set up to “Do Not Disturb” at all times because they do not want to field inbound calls.
In the office, you can have tons of distractions and people knocking on your door even when it’s closed. Not saying this is a bad thing at all, what I’m saying is that when you have remote teams, communication is more organized, streamlined, and less intrusive.
There are many great technology tools out there to help make communication more effective and efficient. Great teams function on great communication. It’s a beautiful thing when you see it in action, and those who can execute solid communication remotely are setting themselves up for success in the long run.
Is commercial real estate dead? Absolutely not.
Are more Entrepreneurs thinking about remote teams and work now? Absolutely yes.
What we’ve witnessed with COVID is a massive shift/change that is here to stay. I don’t think life will ever be back to normal as it was before, and that’s okay!
When running a remote team, make sure you have effective communication set up so everyone can be on the same page and you can reap the benefits. Your employees will be happier that they can be at home with their families and no longer have to worry about commuting for 1+ hour per day.
It will make them happier and more productive, which in the long run, benefits everyone.