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Virtual Business Solutions That Improve Your Bottom Line

Author : Bill Gerber
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By now, most business owners and CEOs have heard that cloud computing and virtual business solutions can save time, money and headaches, relieving business owners of the burden of recruiting, hiring, training and managing in-house employees. But exactly what services can a virtual company provide that will improve a company’s bottom line? Let’s take a look at three, but first, let’s define what we mean by “virtual business solutions.”

What Are Virtual Business Solutions?
Virtual business solutions are aspects of your business that are not related to your core competency (that is, your key money-making activity), which can be outsourced to firms that are not necessarily local. “Virtual” employees typically work from home although, by the nature of their job, some may be free to work anywhere, from a call center to the local coffee house.

When you open your mind to virtual employees, you’re increasing your choices to find the best people for the job. Virtual business solutions support a trend called “rural-sourcing,” which brings jobs to highly qualified people in rural areas, where there may not be many businesses to hire them and their employment options may be limited.

In most cases, your business data is stored in the cloud, where you can access it from any secure, Web-enabled device, from a computer to a netbook to a smartphone. This adds great convenience and, if the firm you select uses an Application Service Provider, you’ll never have to worry about security, back-ups, or any of the other headaches that come with locally hosted software.

Now, here are three virtual business solutions that can increase your company’s bottom line.

Virtual assistant – If you need an administrative assistant for certain tasks, which are not daily or consistent, or even for certain times of the year, it might not pay to hire an in-house employee. 

A virtual assistant works on an hourly basis and can perform nearly any task an administrative assistant might do, from booking travel to scheduling appointments, and sometimes even data entry and related tasks. 

You’ll save money by not keeping an employee on payroll that you only need sporadically, and the right virtual assistant may even save you money on things like travel and office supplies by knowing the best places to get deals. 

Virtual marketing firm – If you’re a rapidly growing business, your marketing needs may fluctuate. Marketing consultants and marketing firms can be hired as needed. They will boost your bottom line if their marketing efforts are successful. 

Online Accounting Service – If you’re looking for the single most impactful virtual business solution (and we might be biased here), a virtual accounting department can help increase profitability in a number of ways. 

You’d be surprised by how many ways a full-charge bookkeeper and financial controller can save you money on small things by helping you manage your money better, and on big aspects of your business with accurate financial projections and job costing. 

Having better control of your books gives you better control of your finances, so you can make the right decisions for your company. Having a financial controller in your corner, without having to pay the six figure salary that usually comes with that title, is like having a trusted financial advisor in your pocket. 

If you’re already a fast-growing business poised for the next stage of growth, an online accounting service can provide you with the tools you need to boost your bottom line higher than you ever dreamed possible. 

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