Get All Access for $5/mo

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?

Editor's Pick

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.