The impact of working from home in a small business

Due to the Covid-19 crisis, most businesses are now operating remotely. Economic instability has forced small businesses to adapt to an unusual...

Written by ruben bel · 1 min read >

Due to the Covid-19 crisis, most businesses are now operating remotely. Economic instability has forced small businesses to adapt to an unusual working environment. We surveyed companies with 20 to 250 employees to find out how working from home has affected their operations and what the future of work may hold, at least for the foreseeable future.

The results surprised us and revealed a significant long-term influence in several economic sectors. Not only is this disrupting the way people work, it’s also affecting the way small businesses buy and sell. The work-from-home culture will have long-lasting and far-reaching effects. Read on to find out how remote work will affect your small business and how to overcome it.

Working from home is already a reality, not just in the future

Although the crisis is pushing them to work remotely, most companies intend to continue doing so because of its long-term benefits.

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“Working from home can be very rewarding and productive, and many of my colleagues and I would like to continue doing so until the pandemic is over.” quote from Tyler Brooks, JAM Paper.

According to 75% of survey respondents, all company employees are working remotely. More significant is the fact that 33% of small businesses surveyed said they had no intention of opening an office in the future. Another 33% plan to limit office visits to only absolutely necessary employees.

“By October, we plan to gradually transition from our operation to a 100% remote model. Our office lease is ending right now, so there is no incentive to keep it open.” —Dan Bailey, WikiLawn President

Reduced office space requirements.

Small businesses will no longer need as much office space, which is an obvious effect. It will be difficult for landlords to recruit new tenants when current leases expire. Property management and facilities management companies can continue to lay off employees.

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“We aim to offer everyone the option of working from home or in the office. 90% of our employees prefer to work from home, for various reasons, according to a monthly survey we conduct. We could save time and money if things continued like this by not returning to the workplace. — Malte Scholz, co-founder and CEO of Airfocus.

Decentralized purchasing of office supplies

Be prepared to adapt your business approach if you sell stationery and other office supplies to . Your customers may prefer that you deliver products to employees’ homes rather than workplaces. This would lead to greater complexity and higher delivery costs.

The need for tools to manage teleworkers

When employees are working from home, the time and attendance methods typically used in offices don’t work. Because many companies charge customers or pay employees by the hour, time tracking is essential for monitoring employee computing activities. Even if you don’t need to charge or pay employees by the hour, tracking the time they spend working is still crucial for a number of reasons. Our time tracking software has seen a surge in demand here at Work Examiner.

One Reply to “The impact of working from home in a small business”

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