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Most current, popular business software (like Office, Adobe, Quickbooks) already comes in Mac and Windows versions which are basically feature identical. it's that 10 year old accounting program, or custom built app that your company runs on that needs to be supported. Microsoft can provide arm based versions of their Windows apps if they want, but IMO, running Microsoft apps is not the main reason Mac users want/need to run Windows. Then log into the PC remotely from your Mac using any of a dozen Mac based Remote Desktop apps.
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I have Windows 10 running on 10 year old laptop with 4 GB of RAM just fine, just be sure to replace the old hard drive with an SSD. And in many cases, if you're a business, you already have old Windows boxes lying around. If running a Windows app is mission critical for your business, go buy a used, refurbished Intel PC for under $500.

My personal opinion (I've been using Parallels, VMWare Fusion since the early 2000's.). The reviews I have read all say that amazingly, because the M1 is so fast and efficient, running Windows Intel apps under Windows ARM emulation, then virtualized, is not that bad, no worse than say running it on a ARM based Surface Pro.

In other words, if you are trying to run an old Windows Intel app, you would be running this in emulation, on Windows ARM, which is running virtualized under Big Sur, on a M1 Mac. It will run ARM based versions of Windows software fine it can also run Intel Windows apps, but does so in emulation mode. As for Windows on M1, it is not the Windows Intel version everyone is familiar with, it is Windows ARM. So if you have an M1 Mac and wanted to run macOS guest virtual machines, not possible at this time stick with an Intel Mac. At this time, Parallels does NOT support installing a guest version of Big Sur on M1 Macs. ) There are various ARM based flavors of Linux. This includes Windows ARM (which you have to get from Microsoft by signing up with the Windows Insider program.
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On M1 Macs, you can ONLY install ARM-based operating systems. you can install Intel versions of Windows, macOS and Linux. On Intel Macs it runs basically unchanged as it has for the past few years. It is ONE product, shipped as an Universal app you don't have to worry about ordering the Intel or M1 version of Parallels separately.
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Resolves an issue with a Windows virtual machine sometimes not occupying all Mac displays after switching to Full Screen.Improved compatibility with Windows 11.
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Up to 64 GB vRAM and 16 vCPUs per virtual machine lets you run even the most demanding applications with ease.
