Ending Soon! Save 33% on All Access

Is Staying Remote the Best Thing for Your Business? Here's how to unlock the unbeatable benefits of a remote setup.

By Terry Rice

As companies begin to return to an office setting, many founders of remote-based businesses are wondering if they need to follow suit. Remote setups were vital to keeping businesses going during the worst days of the pandemic, but is it incumbent on leaders to get their employees back in person to get to a next stage of growth? Not necessarily so, says Terry Rice, a business development consultant and contributor at Entrepreneur. "Being remote brings all kinds of benefits, from recruiting talent to low overhead," he says. "The key is being open and honest with employees about good and bad news, and keeping people connected on a human level — just because there is no water cooler doesn't mean people shouldn't be talking about fun things like TV shows they're watching."

In this video, Terry meets with Allyssa Munro, who runs a digital-first marketing and communications firm for beauty and lifestyle brands and creators. She shares many of the questions that company leaders have at this time about running remote companies, such as:

  • How do you keep a virtual staff engaged?
  • How do I maintain growth while staying virtual?
  • What are the advantages to remote offices that most people don't think about?

Watch the video above to hear Terry's answers to these questions and more — all in under five minutes.

Terry Rice

Entrepreneur Staff

Business Development Expert-in-Residence

Terry Rice is the Business Development Expert-in-Residence at Entrepreneur and Managing Director of Growth & Partnerships at Good People Digital; an agency that provides marketing and monetization solutions for entrepreneurs. He writes a newsletter about how to build your business and personal resilience and personal brand in just 5 minutes per week and created a revenue optimization checklist to help you multiply your income potential. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from 5-Minute Mentor

5-Minute Mentor: How Do I Get My Products In Front of Customers Online?

5-Minute Mentor: How Do I Generate Leads Without Annoying People?

5-Minute Mentor: Is My Idea Ready to Be a Business?

Is Staying Remote the Best Thing for Your Business?

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.

Business Culture

The Psychological Impact of Recognition on Employee Motivation and Engagement — 3 Key Insights for Leaders

By embedding strategic recognition into their core practices, companies can significantly elevate employee motivation, enhance productivity and cultivate a workplace culture that champions engagement and loyalty.

Franchise

Know The Franchise Ownership Costs Before You Leap

From initial investments to royalty fees to legal costs, take stock of these numbers before it's too late.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.

Career

What the Mentality of the Dotcom Era Can Teach the AI Generations

The internet boom showed that you still need tenacity and resilience to succeed at a time of great opportunity.