Working from home is nice, but what if your whole business was based on a work from home model? One business, InVision, decided to make their entire workforce remote when facing down the thought of starting up an office location in Manhattan. The company founders list several benefits of this unique job perk. First of all, it’s actually a benefit that helps the company remain competitive to employees. Working from home, on your own time, or from your favorite coffee shop is a great benefit. Parents can have more flexible schedules, employees don’t feel that someone is looking over their shoulders, and it’s much easier to hit up a lunchtime yoga class to maintain a great work/life balance when your office is at home.

The other benefit is that the company itself saves a lot of money on overhead. As real estate and rental prices in the nation’s largest cities rise beyond belief, opening an office for a fast-growing business can really eat into the bottom line. If you don’t have to pay for an office space, all the IT infrastructure, and utilities, you can save a lot. You may even be able to save on positions like office manager, and office supplies.

However, there are some consideration to keep in mind when you do have a work from home policy or a fully remote team. You need to make sure that your team can still work well together and develop good morale. One way to do this is through yearly or quarterly get togethers, during which members of the team travel to the same location to brainstorm ideas, do team building activities and have any new team members see each other face to face. The other thing to consider is how you will structure your networks to make sure that company data is safe when accessed from just about anywhere in the world.

If you’re looking for a creative way to make your startup work having some type of remote work plan available for your employees could make your company more competitive and save you a bunch of dough. Is this strategy right for your business? The only way to find out is to give it a shot.