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How Virtual Assistance Has Changed the Way We Do Business

The advent of fast broadband technology has changed the workforce forever. Outsourcing has been common since the 1980s but at that point, a contractor still had to come into the office to get information and take it to their office to get the work done. Now, an outsourcer can live literally anyplace where they have access to the internet.

Once the internet became a viable and secure way to do business, companies first started outsourcing work to call centers in other countries like India. When the internet became commonplace among households, homemakers started realizing that they could do the work of any large outsourcing company – just on a smaller scale for fewer clients. This opened up the opportunity for small business owners to afford to bring on talent that they never could before.

* No Need for Fully Equipped Offices – A VA is a business owner who owns all the tools needed to do the work for you that you need completed. You do not need to provide the tools, and you shouldn’t. They are their own business owner and have the tools.

* No Need to Pay for Benefits – When you contract with a VA, they are independent contractors who pay for their own benefits. The money you pay the VA covers those expenses, which is why you may pay from $20 to $40 an hour or more depending on the specialty that you need. It still saves you money because you only pay for work you need.

* No Need to Train Someone – You do not have to train your VA on the tasks you want completed. You may need to show them how you like your work to look when it’s finished, but you won’t tell them what tools to use or how to do it exactly. They should know how to do it already.

* No Full-Time Costs for Part-Time Work – Many people think they have to hire someone full time, in their office, to get good work done. But the truth is, there are lots of times in the day where a receptionist is just sitting there. If you can pay them only part time for exactly what you need then you can afford to hire more experts, too.

* Expand and Contract Your Business As Needed – You only pay for and hire people to do work exactly when you need it. This means you can easily take on extra work when you get offered it, and get your VA(s) to help out with the parts they can do.

* Look Like a Big Business to the World – It used to be impossible for a small self-employed freelancer to make a big enough dent to make a good living working for themselves without practically killing themselves with the workload. Now you can look big by being able to bring on more outsources when needed without killing yourself.

* Find Very Specific Expertise When You Need It – Virtual assistants have a variety of skills that fall into many categories from finance, to management, to organizing and planning, to technical and more. Find the right help when you need it instead of having to keep people on the payroll when you don’t need them.

* Get a Proactive Partner in Your Business – Many VAs specialize in being a business partner who are very proactive in helping you run, manage and build your business. Look for an “online business manager” or “online marketing manager” or other specialties to help you run your business.

Virtual assistants understand how important it is to deliver good work to you because your success is very dependent upon their success. Virtual assistants work hard to train themselves to do tasks that are needed and in demand so that you don’t have to train anyone. You simply hire the expertise you need for your projects. VAs can be brought on long term or on a by-project basis.

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How You Can Become a Virtual Assistant

Becoming a virtual assistant isn’t like finding a job. It’s like becoming the CEO of your own business. Instead of a resume, you’ll need a website and a filled-out LinkedIn profile with a full portfolio of examples of what you can do for the client. To become a VA you will need to have a deep understanding of how it works, and who you want to work with.

* Choose Your Niche – Who do you want to work with the most, and what skills do you offer them that they need? Do you want to work with speakers and help organize webinars or in-person events? If you have skills in that area, you can do that virtually. Technology has enabled us to do all kinds of things without being there in person.

* Develop Your Skills – If you want to service certain people, such as coaches for example, and there are services that they need that you don’t know how to do yet, you can learn. In fact, there are enormous opportunities to learn. For example, any software you’d like to learn, you can seek information about training directly from them.

* Name Your Business – Choose a name with the future in mind. If you want to be the name and face of your business, use your own name, but if you want to be able to sell your business in the future without you having to keep working, consider giving a more niche-focused name that can transfer.

* Get Legal – Once you’ve picked a business name, you’ll need to find out how to set yourself up legally in your local community. Some places require licenses for county, city, and state. Others do not. You can check with your county office, or a local SCORE.org office, or even your local community college for information about that. At the least get an EIN free from the IRS if you’re in the USA.

Link to get EIN – http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/How-to-Apply-for-an-EIN

* Set Up Financials – Determine how you’re going to do your billing, and keep track of your income and expenses. There are many free and paid software programs, and you can also use a spreadsheet. Some software to look at is GoDaddy Bookkeeping, Waveapps.com, and QuickBooks.

Links:
GoDaddy Bookkeeping – http://www.godaddy.com/Online_Bookkeeping
Waveapps – https://www.waveapps.com/
QuickBooks – http://www.intuit.co.uk/

* Determine Your Rates – You can bill hourly or you can bill by project, or a combination of the two. It’s important to have an understanding of what you will bill for each thing because that’s how you’ll become profitable. Don’t set your rates too low, because you’ll have overheads. A good way to figure out rates is to determine what you need to earn per year to live plus have some fun, and divide that by how many billable hours you have room for.

* Build a Website – Do not build a free website. Use a good service like NewRainmaker.com, or self-hosted WordPress.org to make a professional website. There are people you can outsource this to for about $500 and up depending, on what you want in your website.

Link to New Rainmaker – http://my.newrainmaker.com/portal/

* Promote Yourself – The final component of becoming a VA is to start promoting yourself as a VA. Use social media, networking in person and online, and every means at your disposal to get the word out about your business.

Anyone who sets their mind to becoming VA can do so. The industry is wide open and needs a variety of people with different skills to serve all the people who need someone to partner with them in their business.

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Pros and Cons of Working for Yourself

Working for yourself isn’t all plusses. Sometimes there are huge minuses. It’s up to you to determine whether the plusses outweigh the minuses. But, it’s good for you to know in advance what the pros and cons of working for yourself are so that you can be realistic about what you’re getting yourself into.

Cons:

* Work and Home Life Often Collide – Due to the lack of regimen, and no clear delineation of work versus time off, you’ll find yourself working odd hours to accommodate the needs of your family; thus feeling as if you never have a day off.

* You’ll Do a Lot of Work for Free – Much of the work you do for your business is not billable, therefore will feel like free work until you start making a profit. It can be hard to push yourself to do things that aren’t producing income right now, but you must push through so that you can keep your business running smoothly.

* Family Will Ask You to Do Stuff (since you’re not doing anything) – Not just family, but sometimes friends will start to depend on you being there for them for everything. They’ll ask you to do their chores like watching their sick kid so they can go to work. Your spouse and children will stop helping out around the house as much, since you’re there anyway. It never ends.

* You’ll Crave Being out of the House – Sometimes, when you go out, as you’re on your way home you’ll get the distinct feeling you’re going to jail. You will want to do anything but go home, even grocery shop.

* Stuff Will Distract You – Without supervision, even the most studious and organized individual can go off the rails due to the internet, television and stuff that is around to distract you from work. It’s up to you and only you to set up a good working schedule to help you avoid this.

Pros:

* No More Living by the Clock – If you arrange your business right you can wake up naturally without an alarm forcing you to get up when your body isn’t ready. You can also go to bed when you want to as well. It’s freedom not to always live by the clock.

* No More Traffic Jams – One of the best perks is not having to be caught in a traffic jam during rush hour when you need to pee. You won’t have to do that anymore and it will be a relief, most especially on bad weather days when everyone else has to trudge through the snow or the heat wave.

* Fewer Work-Related Interruptions – Office chatter can get overwhelming at times and it can be difficult to get work done due to it. Not to mention office meetings. Be honest, did you ever really get work done due to a meeting? During the meeting you’re thinking about how you could be getting work done right now instead of talking about it.

* You Really Can Work in Your PJs – Oh yes you can. You can wear PJs, yoga pants, or a moo-moo; no one cares. You can even get inspired right out of the shower and work naked if you want to. It’s your business and your house.

* A Flexible Schedule – If you have a parent-teacher meeting you don’t have to ask permission to go. If you want to get your hair done, go for it. Whatever you want to do during the day is up to you as long as you find time to also get your work done so you can get paid. Your schedule is your own.

* You Can Eat Healthier – Going out to work often causes everyone to eat out for lunch five days a week. That can not only be super expensive, but it is also very unhealthy for everyone to do it. Now you can prepare healthy lunches for yourself or eat leftovers from dinner the night before. Save money, and save your life.

Working from home offers many benefits and even a few drawbacks. It’s up to you to determine if you have the personality for it. You’ll need to rein in family and friends who want to take advantage of you, as well as yourself, to stay on track for creating a healthy and profitable home business.

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How to Learn the Skills You Need to Work from Home

When you decide to start working from home, you may find out you’re missing a few of the required skills needed for what you want to accomplish. In that case, you will have to find out how to learn the skills you need to know.

* Look Online – There are a lot of courses today that you can take online, through accredited colleges as well as unaccredited sources. Remember, unaccredited doesn’t mean the source is bad; it just means that a college hasn’t accredited it. Many professionals who have become successful go on to teach courses to people on how to do what they do. Often, if you really want to be successful it helps to go to someone who has done it and is successful.

* Read Books – It’s amazing what you can learn from the old-fashioned book. Go to your local library, or check out Kindle books on Amazon if you prefer to read books using the newest technology. Books can teach you a lot of information that you didn’t even know you needed to learn.

* Find an Internship – There may be someone who needs help and is willing to train you through an internship agreement. You want to find an internship program that really teaches you something and doesn’t just use you for labor, but it can be a great way to learn.

* Bid Low – Bid low on jobs that you’re not totally sure how to do, understanding that you’ll learn as you go. You might find out that you’re more capable than you thought, and you will get some work experience under your belt. Do make sure you have the right tools for performing the job and know how to use them, though.

* Watch Videos – YouTube has an amazing variety of videos that you can learn from without paying a dime. You can learn how to paint, sew, build a membership website, and more, all from YouTube videos.

* Lynda.com – This is a website that you pay a membership to in order to learn about something. You can learn anything from Excel to coding, to design and more on Lynda.com. A few of the business skills you can learn are time management, project management and email marketing.

* Udemy – This is another course platform like Lynda.com but you will pay for individual courses. You can learn how to put together a WordPress website, and you can learn how to create a course to sell on Udemy.

Link to Udemy – https://www.udemy.com/

* Practice – Any skill you want to learn needs to be practiced. A course, a book, or even an internship is not going to help as much as putting the skills you learn into practice. When you learn a new skill, do that skill. Do it again and again until it becomes second nature.

Finally, another way to find places to learn new skills is to ask your community. If you want to be a graphic designer, go to forums and groups that have graphic designers who are experienced. Ask them how they learned. You can do the same thing with pretty much any type of skill you want to learn. Go to where those with the skill hang out, and ask them how to learn.

Categories: Be Your Own Boss, Run a Home Business Tags: Tags: