Virtual offices increasing

13:12 1st August 2008

Virtual offices are increasingly seen as an acceptable way of doing business according to a leading management advisor.

Ian Fraser of the Institute of Risk Management identified that the increasing use of emails and mobile phones are enabling people to work from anywhere, meaning "virtual offices are now seen as a normal way of doing business".

In addition, recent research conducted by the office space provider Choregus disclosed that 40 per cent of virtual office customers are from the banking and finance industry, while seven per cent are from the IT and telecommunications sector.

Mr Fraser said: "Virtual offices can limit the impact of a disaster as locations can be spread out.

"However, it is a question of will your customers trust you if they find a business does not have any tangible bricks and mortar?"

The Institute of Risk Management is the professions leading education and training body.

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