“If you want to do a few small things right, do them yourself. If you want to do great things and make a big impact, learn to delegate.”
– John C. Maxwell
We’ve heard every reason in the book. “No one can do things better than I can.” “I can’t afford it.” “I’m not sure if I can trust anyone else.” And they go on and on and on. So the question should not be what will a Virtual Assistant cost you, but what NOT having one already is.
Work on your business, not in it, with a MyOutDesk Virtual Assistant. Book a Double My Business Strategy session today to find out how.
It’s Costing You Time
Time is an asset that cannot be bought, no matter how much money you have. So let’s do a little exercise. Make a list of your daily tasks that are not really bringing your business any revenue but are necessary. Now list down how long each task takes. Add that up with all the days you work and multiply it by weeks in a month, then months in a year. How much time is that? What else could you be doing with that time? All these responsibilities within your business are eating up your precious time and taking it away from other activities that might bring revenue to your business or that will help in building it. When you realize that delegating will only help you, then you’ve taken the first crucial step.
It’s Costing You Resources
When we say resources, it’s not only about the money. Resources include YOU. Your expertise, your investment, and, again, your time (see the first point). If you are bogged down by the clerical responsibilities that need to be taken care of in your business, it means that your expertise that is needed for specific transactions or consultations is wasted. A good rule of thumb to know what to delegate is to assess what you are doing. Remember that list you made with daily tasks? How many of those will turn out the same whether you do it yourself or not? If your participation is not crucial to the task, then you can delegate it.
It costs You
Now we’re talking about the money. While adding someone to your team has obvious monetary costs, not finding someone to fill these roles can be even more costly. Is there an area within your business that you do not necessarily like doing or perhaps not even very good at? There’s no shame in this. If you are an amazing salesperson by nature, organizing data or accounting might not be your strong suit. Errors or delays in paperwork could cost you a referral or even the deal altogether! So it only makes sense to build your team with people whose strengths and expertise fill the gaps in business and make up for the areas you may lack.
Why Virtual Assistants?
You are probably wondering, why hire a Virtual Assistant then? Why not just hire someone in-house? If cost was your immediate concern, then a Virtual Assistant is exactly what you need. You save on office space, you don’t need to buy the equipment, and if you work with a company like MyOutDesk, all HR concerns are handled. Beyond the monetary cost is lower, you will also have a larger pool of talent to choose from, thus guaranteeing that you find a perfect match for you and your business.
The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. So look at it this way, if you and your team or even one other person working hard and lending their expertise to your business, what kind of effect would it have on your growth?
We once spoke to a CEO and Founder of a major Real Estate organization, and he said that his business exploded when he realized he needed to stop doing $100 an hour work because he was a $1000 an hour guy. What is your time worth? Are you ready to claim that? Book your Double My Business Strategy Session today, and let’s get you there!