Could Location Independent Business Be the Future?

The past year has seen a major shift for many to move to remote working following the pandemic period and a restructuring for many businesses to adjust to the ‘new’ normal and the digital future – but as news is starting to become more prevalent on how successful current vaccination efforts are, the ‘new’ normal could start to look very different for some too as opportunities to travel whilst working are starting to become more viable too. There have already been some sectors making the leap to location independent options online as a land-based options close, notably in markets such as betting where an online presence has found a strong footing through the biggest operators at looking to capitalise on growing trends in this space for example – but there are many others that may be able to benefit from the change too.

The widespread introduction of many different remote working visas provides plenty of opportunities for those who are now able to work remotely to travel and experience new places whilst they stick to their regular job, which in many instances takes a typical office job to a location independent position anyway, but there may be further opportunities to explore a start-up too – many businesses have had to close during this same period of time and newer options will need to pop-up to replace them – one option many have looked toward is within freelancing, and with services becoming more readily available like Fiverr, it provides an opportunity for many to explore freelancing without the difficulty of building a business from the ground up first.

For other business, a shift to location independence may just come from the opportunity to cut bottom line costs – if your office building hasn’t been used for the better part of a year and things have continued without disruption, why continue paying it? And this has certainly been the attitude for many, and during a period of recovery it may be a sticking point if remote working has already been achieving and this next step forward seems the logical one to make. The success of platforms like Zoom have made this all the easier too, and given they’ll only continue to improve over the next year as focus is placed on missing or lacking features, the change will only become easier for those who may have still been on the fence.

It’s certainly a big change and could be very impactful in the overall business landscape, but it’s seemingly an obvious progression to make as digital platforms continue to grow, and undoubtably those that are able to make the change without sacrificing productivity or performance will be weighing up whether it’s worth doing, particularly as they may already be halfway there.