“What is the best way to destroy your business?”
No matter how absurd the question sounds, the answer is shockingly realistic!
The best way to destroy your business is neglecting virtual assistant services.
Jeff Wideman, self-employed marketing consultant and Facebook marketing guru maintains this statement about his virtual assistant.
“She not only takes care of things for me, but she also does them better and faster than I ever could.”
He has gained record-breaking business growth and he owes a considerable portion to his virtual assistant.
He further says: “Face it. Just as you are uniquely talented at some things, you are uniquely flawed in others.”
Hiring a virtual assistant is more economical than a full-time assistant, as you have to add expenses other than an actual salary. Surveys show that virtual assistant services are three times cheaper as compared to full-time hiring.
In this post, we will discuss how the absence of virtual assistant services can gradually collapse your business empire. You will see how not having a dedicated virtual assistant can destroy your business and how you can take action.
Perhaps your business life’s scenarios revolve around the following three major areas.
- Money Factor
- Releasing Control
First, we will discuss productivity.
Destroyer 1: To-Do List
Business and time move at their own pace, no matter how badly you wish there were thirty-six hours in a day. An endless list of to-do tasks keeps terrifying you. If you want to keep up you must segment your day better with the help of a virtual assistant.
The best action you can take is to hire a virtual assistant for focusing on time consuming and repetitive tasks. It would help you earn more by working less. Let us show you a good example of the real estate industry.
The Andersen Team uses a team of virtual assistants to manage different aspects of its listing marketing coordination. It sets them free to bring in as many new listing as he wants to.
Build a weekly to-do list for your assistant to complete. These tasks may contain all the donkeywork that drains your creativity as a business owner like email management, data entry, research and booking travel arrangements. All these things slow down your productivity. A virtual assistant can literally let you save a number of hours per day.
Just imagine how great it would feel to be ahead of your schedule. You will have free time to write an e-book or come up with a new product or some new service you can provide your clients.
Moreover, you will be able to employ multiple virtual assistants for different tasks.
On the contrary, if your to-do list never ends and you are always lead, no one in the world can save you from havoc.
Here is what Julie Auslander from cSubs has to say about virtual assistant services
“For my business, I need to maintain and acquire various certifications. This process is both times consuming and detail intense. A mistake could result in the loss of contracts worth millions of dollars in business. While capable myself, I have found it best to outsource this to a specialist, a virtual assistant for these kinds of tasks.
The right assistant is an invaluable asset, instead of one-size-fits-all; I have several different specialized assistants for recurring tasks. If one leaves, I am not totally lost. After years of being disappointed with expectations that were too much for any one person, I have found the perfect balance of assistants that work from their sweet spots.”
Let us talk about the money factor, now.
Destroyer 2: Too Many Expenses
All businesses deal with crossroads at some point. Prospect of growth is in front, but making the transition requires struggle. When costs rise, you have to put the brake at new expenses.
Normally, when it comes to hiring a virtual assistant you get stuck in checking the budget. That is why you keep doing mundane tasks every day. As a result, your business remains stuck.
Hiring a virtual assistant to work at a minimum number of hours initially and then grading up as the scenario changes are the best action.
Most business owners are amazed when they realize how considerably affordable hiring a virtual assistant is. Let us check the basic cost-benefit equation. For example, your time is worth $100 per hour when you are doing tasks like getting new clients and adding revenue to your business. When you are managing donkeywork, you are using your time at $100 per hour when you could be paying a virtual assistant about $20/hr.
In the long run and even in the shorter run you will see ROI of $80 per hour if you hire a virtual assistant. Rather than an additional cost, think of it as additional revenue for your business. Imagine what the ROI will be when you hire a Virtual Assistant for less than $15/hour.
If you can cut down your weekly tasks and administrative duties, and the result is business growth, then paying virtual assistant totally makes perfect sense. He can do the groundwork and you would have more time to make wise business decisions.
We all know how valuable asset time is, in business. You need time to find new clients. You need time to come up with new revenue generation ideas. If you do mundane tasks yourself, you add opportunity cost in your balance sheet.
Not hiring a virtual assistant causes the expenses to rise exponentially and your business to fall exponentially.
Destroyer 3: Hiring Employees Very Soon
In the early stages of business growth, all owners feel a natural urge to grow more rapidly. To achieve this goal, they start hiring new employees. This is the killer path for business.
Hiring very soon can kill the business and is unimaginably dangerous. If there is no evaluation process in place, you may end up hiring incompetent staff. Someone who does not fit your culture, who is incapable of handling your jobs. Nothing can sabotage your business as much as an employee who is a mismatch.
Do not hire a full-time employee during your early transition period. You have a better option.
To fill short-term workloads, hire a virtual assistant on a part-time basis.
Virtual assistants are paid only for hours that they actually work rather than the guaranteed salary of 40 hours week. Companies can save on employee benefit costs. Also, there is no real estate or equipment to fund. They do not need to lease space for an extra desk or computer system.
Virtual assistants are fully equipped with their own office and are proven, professionals. A reputable virtual assistant can step up to any challenge your business may need to address, regardless of geography, due to the ever-growing technological tools and resources that are within reach. Therefore, a virtual assistant is all the time the best choice for your business budget. As your business grows, you can hire employees that play their roles in revenue-generating activities. You may or may not retain the virtual assistant to assist them in their jobs.
Now, let’s discuss releasing control factor.
Destroyer 4: Doing Everything Yourself
Not to be harsh, this mindset is entirely wrong and not practical. If you evaluate that statement, it does not imply that you are more in control of your business. Rather it yields that you are in fear of losing control in your business all the time.
Lets’ check out what CEO Charles Hudson has to tell us about virtual assistant services,
“Having a remote virtual assistant is great. Part of what makes it great is that it forces me to write down processes/algorithms for how I want certain tasks done (travel plans, meetings, etc). The process of writing things down has really exposed how poor a job I do of adhering to my own idea of best practices.”
You can benefit from having “assistance” in running your business more efficiently, however. If you handle everything, you are cutting into opportunities. For example, if you spend 2 hours each day reading and replying to an email you are cutting into time that could be spent finding new clients or working with partners on new revenue streams. Do replying an email worth your time? Or you should spend it on revenue generation.
Hire a virtual assistant for a one-month trial period. Learn the benefits of not doing everything yourself.
Hiring a virtual assistant is all about optimizing your potential for growth and maximizing your overall profit margin. In-demand business coach, Michael Hyatt, says that he too was initially skeptical at the idea of outsourcing his administrative needs to someone living at the other corner of the world. However now he admits that ultimately, having a virtual assistant has allowed him to flourish and prosper as a corporate speaker and coach.
Most of the tasks virtual assistant does on your behalf are ones you never look forward to executing. With a virtual assistant taking over basic tasks you get more time in the day to focus on things that require your attention more. Like Michael Hyatt, you will also realize that not doing everything by yourself grows your business.
Destroyer 5: Entrepreneur Burnout
You may have heard that you cannot be successful as an entrepreneur until you churn out 80 hours every week. Anyways, burnout is a common fault of many entrepreneurs at all stages of business. We all need to sleep to get our brain function. When we exhaust ourselves, we simply cut out business and personal efficiencies.
This article explains how small rest in daytime boosts up productivity. Let us quote a short paragraph.
“In 2010, researchers at the University of California at Berkeley confirmed that napping can improve the brain’s ability to retain information, noting that a middle-of-the-day reprieve “not only rights the wrong of prolonged wakefulness but, at a neurocognitive level, it moves you beyond where you were before.”
So hire a virtual assistant so that you can take some time off. So you can avoid burnout.
Overworking never gives a positive result in the longer run. It may yield any temporary advantage, but eventually, you end up destroying your health and sacrificing your career.
“Work hard, not smart.” This is the slogan of entrepreneurs.
They need to work smart, which exhausted mind is incapable of doing.
If you are spending hours replying emails and entering data, this is not where you need to utilize your capabilities.
Let us listen to what super affiliate, Zac Johnson has to say about virtual assistant services,
“When I decide to start my next VA process, I would like to grab a content writer along with a web admin VA, this would eliminate the need for me to import the articles and manage these content sites. I can easily see a virtual assistant coming in handy for any affiliates working with list building and creating/upload ad campaigns. This is the type of manual work that can eat up your hours and is well worth the month of outsourcing.”
So When Will You Stand Up To Save Your Business?
Yes, no answer is better than now. You have just read how businesses perish in the absence of virtual assistant services. You will eventually end up messing up everything in all five ways we have mentioned above.
Take action today. Take the charge of your time now, by handling routine donkeywork to a virtual assistant or be ready for annihilation.
Your business needs your brain more than replying to email does. Your business needs your time more than entering data. Your business needs your time more than booking tickets. You need free time to focus on business strategies that bring more revenue. You need more time to stretch the muscle of your mind and come up with new products and services.
Be honest with yourself and ask, “How long will I keep damaging my business?” We are living in the times when hiring a virtual assistant is more than crucial. Competition has never been so tough. To survive in this market, we need virtual assistants to expand our business and make it through the end.