As opposed to the traditional brick and mortar business that relies on face-to-face connections with physical documents and physical currency or credit, a virtual business conducts business electronically. Many virtual professional services – such as administration, design and marketing – are becoming much more common and popular.
Let’s talk about what a successful virtual company looks like – specifically, the people, or team, that is the core of your virtual business.
Michael Watkins, contributor for the Harvard Business Review defines a virtual team as a group that:
- Has some core members who interact primarily through electronic means, and
- Is engaged in interdependent tasks — i.e. are truly teams and not just groups of independent workers.
If yours is a virtual team, it’s important to have both your core principles and processes set in place, along with a strong communication charter, to ensure success.
How to Build a Good Virtual Team… Continue Reading