Lately, we have been talking a lot about priorities and ensuring that you as a small business owner take time for yourself and your business. If you neglect your personal health, ultimately your business will suffer. At Freedom Makers, we recommend outsourcing to virtual assistants to obtain more freedom in your life thus helping with those personal priorities. Earlier this month, we discussed the different cost structures and types of virtual assistants that exist. Often experts like to use a cost comparison to get business owners to be more open to delegating.
For instance, if you bill $150/hour should you really be spending that hour doing an administrative task? If you delegate it, you could bill more hours at the rate you are worth. Let’s say there is a task, like creating your weekly newsletter. Each week, it takes an hour to do. You could delegate that and pay someone else $30/ hour to complete. While the virtual assistant works on your newsletter for one hour, you will spend that hour working with a client that you bill for $150. Therefore, you have netted $120. When thinking of it this way, if you had done the newsletter yourself, you would not have had time to work with that client. So by trying to save $30, you actually would have lost $120.