Virtual Assistant vs Hiring An Employee
An entrepreneur or small business owner who attempts to be a “One-Man Show”, who continually works IN their business not ON their business, is essentially losing around 50% in lost revenue due to unproductive time management. The more time the business owner can work ON their business, focusing on activities that bring revenue (such as networking, marketing, planning, and delivering) the faster their business will flourish and they will profit. Enter: Virtual Assistant.
Virtual Assistants
are less expensive than employees and often offer specialized skills. At an average of $35 per hour, you may be wondering how an employee could possibly be more expensive.
Here’s a breakdown of what an employee may cost you versus a Virtual Assistant:
|
Full Time Employee |
Virtual Assistant |
|
| Hourly Rate |
$12.00/hr |
$35.00/hr |
| + Benefits |
$9,500.00/yr |
$0.00 |
| + Overhead |
$12,800.00/yr |
$0.00 |
| + Sick Time |
$4,300.00/yr |
$0.00 |
| + Supplies |
$1,800.00/yr |
$0.00 |
| =Actual Hourly Rate |
$25.65/hr |
$35.00 |
| Hours per Year |
2,080 |
416 |
| = Actual Annual Cost |
$53,360.00 |
$14,560.00 |
By obtaining the right Virtual Assistant, you will create an environment which will provide you with more time to work on the things you do best (whether it is real estate sales or graphic design), and become more productive in the additional time that you will now have, and, of course, increase your revenue.
