We’re already seven months into 2021, but you’ve probably had to reconsider your original budget and agendas for this year. Many businesses have had to lay off their employees and now are concerned they will lose their businesses altogether. Full-time workers are still an expensive option, but there’s another way to keep operations running.
Most executives have suddenly moved to remote work, and with good reason. VAs are as hard-yielding as their in-house staff and at a fraction of the cost. Not only that, but they’re particularly well-suited for small businesses as they can deploy quickly and for a defined cost.
For business owners who are always looking for ways to save money and increase their earnings, hiring a virtual executive assistant is one of the easiest and fastest ways to set their businesses on a path for a more lucrative future.
Cutting Costs by Outsourcing Tasks to VA
When thinking about hiring a VR, most executives are very mindful of the fact that they will need to pay for that time. The thing is, they’re less aware of what their investment is going to bring them in the long term- and how hiring a virtual assistant can save them money over the course of a month or year.
From a different point of view, having a lucrative business comes down to using your time effectively. Most business owners are spending over 4 hours a day emailing prospects, sourcing venues for meetings dealing with suppliers, or grappling with postponed appointments, which do not bring any revenue but only keep things afloat.
To grow your business means to get yourself in front of prospects (and cultivating the relationships that you already have). But how can you do that if you’re constantly tied to your chair, replying to messages, and carrying out simple data entry tasks?
These tasks could easily be outsourced to somebody who can complete them accurately and quickly, with a minimum of supervision. Outsourcing your admin to a virtual assistant can free up your time for the processes that will actually make a difference to your bottom line.
Virtual Assistants – A More Cost-Effective Alternative to a Full-Time Member
Hiring full-time employees comes with a lot of “unseen” outgoings into the equation. A VA will be paid regardless of the time they spend working.
Whether they’re working part-time or full-time, a permanent employee has to be paid for annual leave, statutory sick pay, pension contributions and more. Adding these costs to the value of their equipment, desk space and other office assortments, and the price of an assistant rises well past their present income.
Virtual assistants, on the other hand, will only ever be paid for the work they assume. If they’re unwell to work or take a holiday, you won’t be expected to cover these expenses. These independent professionals are responsible for purchasing and maintaining their own equipment, not to mention they will tackle their own taxes, pensions, and other financial affairs.