Needs Assessment—Are you ready?

Handing Over Administrative Tasks = More Time, More Revenue

What current administrative tasks are you performing that someone else could handle to free up your time? Examples: appointment scheduling, data entry, database management, desktop publishing, document production, event planning, phone calls and inquiries, internet research, spreadsheets, web design and maintenance, writing, proofreading, editing, etc.

Cost of Your Day Spent on Administrative Tasks

How many hours per month do you spend of your time, at your hourly rate, on administrative tasks?

Hours per month x (income/2080 hours per year) = Cost of your time on administrative tasks per month

Example

20 hours per month x ($125,000 income/2080 hours per year) = $1,201.92—Cost of your time on administrative tasks per month

This figure alone should convince you of the benefits of working with a Virtual Assistant. However, factor in other cost considerations, and the benefits of working with a Virtual Assistant become even stronger.

  • Compare a Virtual Assistant with over 22 years of administrative experience and skills to your own administrative experience and skills.
  • The tax advantages your business will have when collaborating with a VA.
  • The extra time gained to build revenue and have more time for friends, family, and vacations.
  • You pay only for the time actually worked.
  • The advantage of collaborating with a Virtual Assistant, who is a business owner; therefore, works on a contractual basis—compared to working with an employee.

Example

No need to provide an office; no additional equipment; no payroll, taxes, or insurance; no vacation or sick leave; no federal standards such as OSHA; and pay only for the time worked (you don’t pay for coffee breaks, personal phone calls, federally mandated breaks, etc.).

Your ROI (Return on Investment)

One of the most valuable ROI is your time. What can you accomplish with 5% to 10% of your time freed from administrative responsibilities? What can you accomplish by having a collaborative partner who knows how to coordinate your vision? What can you accomplish when you start concentrating on your core business?

Source information with permission from Kathy J. Berona, d.b.a. Executive Virtual Assistance.

 

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