One of the biggest factors for business owners is constantly keeping “cost” in mind. There is a lot to consider in terms of finances and so hiring or outsourcing in your business could be a concern for you at the moment and rightfully so. There are, however, certain areas that have to be budgeted for in your business, in order for you to flourish and for your business to grow. This is what we will be covering in this blog.
The investment
As most of us already know, hiring full-time employees that are based in your office comes at a price, most of the time a big price. There are many factors to consider when you hire a full-time employee, let’s look at some of those costs that you are responsible for:
- Space in your office
- Equipment (laptop, printer, stationery etc.)
- Full-time salary
- Annual leave, sick leave, maternity leave
- Benefits in some cases i.e.: provident fund, medical aid, bonuses
- Taxes and PAYE
- Costs of undedicated work time during quiet periods
As you can see, the liability of hiring an employee during such economical times is extensive and a big responsibility to the business owner. Therefore, hiring Virtual Assistants has become a huge trend, especially during and even after the COVID 19 pandemic. The lowered risk factor is not only a huge advantage but there are also many others, let’s take a look:
- A Virtual Assistant works from her own remote location
- She takes care of all her own office equipment, stationery, expenses and needs
- She is responsible for her own taxes, as she is an independent contractor
- She only provides dedicated assistance – so charges for the hours she spends on tasks for clients
Return on investment
Business owners have choices when it comes to getting the right help for their business. As mentioned above the cost needs to be carefully weighed, but there is also something else crucial to consider at this point. How much time are you spending working in your business as opposed to on your business? This is the deal-breaker when it comes to hiring. When you hire a Virtual Assistant, you truly get to take a load off. You get to select which areas of your business you need assistance with, and which tasks are draining most of your time. You then hand these over to your VA, who can take care of them for you and the best part … you only pay for the hours she actions the work for you.
This means that you are gaining so much more than the price of paying your Virtual Assistant to do admin for you, you are gaining the biggest commodity back, something money cannot buy and that is time.
For more information on how to get started with the services of a Virtual Assistant, take a look at this link and remember, you are always welcome to ask me any questions you may have. Feel free to reach out to me here: hello@thevabymichelle.com .