Saving money when you are in business is a relevant topic at any time, although it seems more pressing at the moment with rising prices across the board. There is a lot of generic money saving advice out there but we’d like to share, more specifically, how we can help you reduce your business costs.
As expert Virtual Assistants based in North Yorkshire, we have numerous years of experience behind us. One of the many benefits of working with one of our Virtual Assistants is that they save you money in a number of different ways. That money can be used to reduce outgoings in general, or may be reinvested back into the business. This might enable you to increase your marketing budget to generate new work or provide additional training for your team. These five examples are the tip of the iceberg when it comes to saving you money.
A Virtual Assistant isn’t an employee
As a Virtual Assistant isn’t a member of your staff, you aren’t responsible for their National Insurance, holiday pay and other benefits, their training, equipment, supplies or anything else. Most businesses take on a VA not to replace employees but to lighten their load and to concentrate on specific areas where additional support is needed. They might be taken on via a retainer contract or for a few hours or days as required.
A Virtual Assistant cuts waste
Give a Virtual Assistant a business to work on and they will streamline it. We’re talking processes and procedures, communication systems, purchasing methods and so much more. By mindfully reorganising the systems within a business, a VA can save employees and leaders a lot of time, effort and money. A reduction in waste, whether that’s physical waste or wasted time, helps a business to become more efficient and therefore sustainable.
Ask about Risk Assessments
Keeping on top of risk assessments can be a laborious task but one that is necessary not just for legal reasons but to safeguard anyone who comes into contact with your business, including staff, customers, visitors and more. Your VA can build systems and oversee the proper assessment of risk, including regular reviews. How does this save money? Any time that something goes wrong, there is a cost. Sometimes the cost is directly attributed to waste, for example materials, but there is a risk that the cost can be more serious, for example related to injury.
In addition to this, the efficient running of the risk assessment system is what will keep you out of hot water (which might include fines) and potentially save money on insurance.
Some Virtual Assistants have specialist experience and training in specific areas, such as marketing, purchasing, social media and more. This means that as well as being able to help with the more generic but time-consuming business tasks, they may be able to offer support in these specialist areas. This means reducing the number of extra people you pay to work in and on your business.
Sniffing out a saving
There are many ways that a Virtual Assistant is able to cut business outgoings.
A VA is trained to research suppliers, to look at ways to streamline using different, potentially cheaper software packages, can find savings on business travel and more. By having someone experienced at costing up everything from office supplies to working on tenders, a business can save themselves a significant amount of money in the long term. Previous clients have only been half joking when they’ve said that our VAs are worth their weight in gold.
Jen Workman, Business Owl Founder and Virtual Assistant
This article was written by Jen Workman, VA and Founder of Business Owl. We are expert Virtual Assistants based in North Yorkshire.
This is a brief introduction to give you an idea of how a Virtual Assistant can save you money. To find out more, please contact us for a complimentary chat on 07970 955535 or at firstname.lastname@example.org.