Virtual Business Owners Community - FAQ Center
  • F.A.Q: Virtual Businesses / Virtual Companies

    Q&A topics regarding the legitamacy of virtual businesses and virtual companies.

    1. What are some virtual businesses that people are starting?
    2. What's the impetus behind Virtual Business Ownership?
    3. Who would work with a VBO?
    4. How do I know if being a Virtual Business Owner (VBO) is the right career choice for me?
    5. What can I realistically expect to earn as a VBO?
    6. How will I know if I'm successful?
    7. Where will I find clients?
    8. Can you tell me what a virtual company is?

    1. What are some virtual businesses that people are starting? - Top

    Today's technology makes it possible for a business to offer some if not all of it's services / products online in the virtual environment. Click on the link below for an idea of the types of businesses that can be started and operated successfully in the virtual environment:

    http://www.vsscyberoffice.com/vlibrary/vcareerop.pdf


    - Updated: March 29, 2007

    2. What's the impetus behind Virtual Business Ownership? - Top

    Frequent relocations every three to four years and spouse employment has not only the federal government but international companies as well exploring portable career options for their transitioning spouses and family members.

    As we move closer toward a new knowledge global marketplace and the concept of working and doing business anytime and from any place continues to evolve, more and more people are considering self-employment via Virtual Business Ownership (portable careers that go, where you go).

    Virtual Business Ownership offers not only the ability to build a viable business but more importantly, true career portability... - Updated: October 7, 2004

    3. Who would work with a VBO? - Top

    The virtual working concept is becoming more popular among the corporate, government and non-profit sectors.

    With that said, the following professionals and/or organizations would benefit from working with a VBO:

    Lawyers
    Authors
    Coaches
    Real Estate Agents
    Doctors
    Executive-Level Road Warriors
    Sales Executives
    Public Speakers
    Corporations
    Federal Government
    State Government
    Non Profits
    Public Servants
    General Buying Consumers - Updated: May 28, 2006

    4. How do I know if being a Virtual Business Owner (VBO) is the right career choice for me? - Top

    The truth is only you can answer this question. If the idea of being your own boss has you seriously thinking about taking charge of your own career path then perhaps being a VBO is the right career choice for you. Consider the following, can you truthfully answer "YES" to these brief questions?

    - Are you really ready to be your own boss?
    (you call all the shots, you make all the decisions, you are responsible for every aspect of your business)

    - Is there a need for your product or service?

    - Have you identified a buying market for your product or service who can support your business long-term?

    - Have your past accomplishments given you the confidence you need to build a business for yourself?

    - Are you willing to invest a portion of your personal savings to make your dream come true?

    - Do you have sufficient income to cover financial needs while the business is getting started?

    - Will your family members support your decision?

    If you answered yes, then perhaps a virtual business is the right career choice for you. - Updated: May 28, 2006

    5. What can I realistically expect to earn as a VBO? - Top

    There is no fixed rate -- across the board answer to this question. There are a number of factors to consider when establishing your rate schedule:

    - your skill sets
    - years of experience
    - proficiency level
    - education
    - overhead
    - expenses
    - market demand, etc...

    We highly recommend that you research your industry, learn everything there is to know including, pricing practices. - Updated: May 28, 2006

    6. How will I know if I'm successful? - Top

    The secret to being successful in business is:

    1. knowing where you want to go and
    2. outlining the steps you need to take to get you there. - Updated: May 28, 2006

    7. Where will I find clients? - Top

    Potential clients are everywbere:

    - your local community
    - friends and family
    - online businesses and professionals
    - federal government
    - state government
    - corporations
    - non profit organizations
    - educational institutions
    - entertainment industry

    The key is to identify the needs of prospective clients and package your products and/or services to meet the need. - Updated: May 28, 2006

    8. Can you tell me what a virtual company is? - Top

    In it's simplest form, a virtual company is a company that does not have a physical location. Rather, it is more like a collection of individuals that work from their home offices or outside the transitional office setting.

    A virtual company uses telecommunications networks and other information technologies to link their people, assets, and ideas of a variety of business partners, no matter where they may be located, in order to exploit a business opportunity. - Updated: September 22, 2004

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