The Complete Guide to Run Your Business Remotely

Posted On: 02/01/2019 / By:
Buying A Business

Working remotely gives you the freedom to work from wherever you want, whether that’s the beach, your couch, or a co-working space. Remote work is growing in popularity with at least 70 percent of people globally working remotely at least once a week. If you’re planning on purchasing a new business and working out of the office, learn how to successfully run your business remotely and take advantage of the benefits.

5 Tips to Run Your Business Remotely

After buying a new business, you’ll need to learn the best approach to foster success. To help you run a business remotely, utilize the following tips.

  1. Eliminate the Officeman working remotely

Eliminating an office setting directly impacts your employees, their happiness, and their productivity. Studies show that when employees are able to work remotely, they’re more productive and efficient than if they were in an office due to the absence of loud coworkers, impromptu meetings, and other distractions. Ultimately, workers value flexibility and a better work-life balance, which working remotely offers. Once you find a business you love and decide to purchase, consider eliminating mandatory office time to help boost employee morale and future success.

  1. Communicate Clearly

Regardless of if you have an office space, express goals, timelines, and expectations you have with your employees to avoid any communication errors. Set up weekly or monthly meetings with teams or employees to check in and make sure everyone is on the same page. Remember that communication is vital when it comes to running a business remotely. Decide how you’re going to communicate deadlines and new projects with your team, and set up a system to keep everyone accountable.

  1. Use the Right Tools

In order to communicate clearly, you need to use the right platforms. While email is a great way to stay connected, it’s not an instant messaging platform and you’ll likely need to employ another method. Applications such as Slack are great to communicate and collaborate with your team quickly and efficiently. By limiting the need to constantly communicate verbally with your team, you’ll be able to successfully streamline processes and keep track of tasks for employees.

  1. Connect With Your Employees

Running a business remotely could mean that you never meet some employees in person, but it’s imperative to create a company culture and connect with your team. While meeting face-to-face may not be possible, find creative ways to connect. Connect via video chat or create fun, company-wide challenges for your remote workers to participate in to further boost morale.

  1. Keep a Schedule

Having a regular schedule when your team can get in touch with you is necessary to successfully run your business remotely. You may find typical 9 – 5 working hours appealing, or your may prefer to work more sporadically. Whatever schedule you decide on, be sure to communicate with your employees when you are available and stick to the decided upon availability.

Running a business remotely can be difficult, but keep in mind that it is not impossible! If you’re ready to buy a business and run it remotely, start by browsing current businesses for sale listed with the Sunbelt network and contact your local Sunbelt Business Brokers office.

Brian Knoderer

Brian Knoderer is the President of Sunbelt Business Brokers. He has over 20 years of experience as a business owner and managing business transactions. As a seasoned intermediary, Brian has successfully represented companies in a broad range of industries helping business owners achieve their desired exit strategy or growth initiative.

Brian is also co-owner of Sunbelt Indiana and Managing Director of MMI Capital Partners, a franchisor focused investment banking firm.

Previously Brian was involved in several entrepreneurial ventures as well as having held corporate roles in Franchise Development for Prime Hospitality and Choice Hotels.

Brian is a graduate of Ball State University with a degree in Management Information Systems and earned his MBA from Butler University. He has received the Certified Merger & Acquisition Advisor (CM&AA) designation, holds both the Series 7 – General Security License and the Series 63 – Uniform Securities Licenses, and is a licensed Real Estate Broker. He has been affiliated with several organizations including the Entrepreneur Organization, a Member of the International Business Brokers Association, Venture Club, and a Board Member of The Entrepreneur Institute.

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