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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 Example20 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.
ExampleNo 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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