I know this sounds like I am going to talk about money and cost from a monetary perspective – and I will – but I want to emphasize that while your bottom line is negatively impacted by not having a VA – so is your state of mind – and that cost is immeasurable. Peace of mind is difficult to quantify, but it is most definitely one of the best benefits of partnering with a VA.
HOW MUCH DOES BURNOUT COST YOU?
No beating around the bush here – hiring a VA will help you avoid burnout. Notice I am not stating that it will remove all risk of burnout – VAs are awesome – but we are not puppet masters. We cannot make you do what you are not willing to do or make you stop doing too much. That is on you. But we CAN help!
HOW MUCH WOULD AN EMPLOYEE COST YOU?
You are not spending money recruiting. You are not spending money training. While there is a time at the beginning of your partnership for getting to know each other, when you hire a VA that has the skills and experiences, and specializes, in your field, you shouldn’t be training them to do as much as you would a regular employee. You should be leveraging the VA’s expertise instead.
HOW MUCH WOULD MARKET RESEARCH COST YOU?
Any kind of research really. Utilizing your VA’s inherent skills for research saves you both time and money.
HOW MUCH WOULD SPACE AND EQUIPMENT COST YOU?
VAs come with their own office and office equipment. Yes, you still have to reimburse for actual business expenses; shipping, printing, etc., but you are not paying a monthly lease for space or equipment.
HOW MUCH WOULD TIME OFF COST YOU?
Depending upon your line of business, when your VA takes a day off, you will either work out an arrangement that is accommodating for you both or arrange for coverage according to your contract. Either way – you are not paying them when they are off.
It is said that hiring a VA can save you 78% on operating costs each year. A study showed that office workers were productive for approximately three hours out of their eight-hour workday. By hiring a VA, you ensure you are only paying for the work you are receiving and the time the VA is working on your project. I feel like that is fair, don’t you?
Last thought. How much do you make? On profit-generating work – not business operations. And how much of your time is spent doing the profit-generating work? That is the cost right there. All the time you could be spending on profit-generating work and are not. By partnering with a VA, you gain time and energy. And only you can define the ROI from that to your business.