Running Your VA Business
The day to day operation of your virtual assistant business.
The day to day operation of your virtual assistant business.
A home based business disaster recovery plan will protect you in the event of an unexpected disaster, illness or injury.
If a catastrophe strikes your home office, or an unforeseen injury or illness prevents you from performing your business functions, you will want to have your disaster recovery plan already defined and written down well in advance.
There are pitfalls to starting any new business. The best way to avoid the pitfall is to learn as much as you can before starting your new business venture.
If you are considering Starting a Virtual Assistant Business, you will want to do everything possible to ensure your success.
With some careful planning you can avoid the pitfalls many new Virtual Assistants make.
Learn some of the main challenges for starting this type of business and how you can overcome them.
If you have a job and don’t want to leave it, you can still start your own home based business and earn some extra money, or just get your feet wet with a new career before you make a permanent decision.
It is possible to start part-time working at home as a Virtual Assistant and there are some advantages to approaching your business this way.
You have another source of income which takes some of the pressure off you as you are building your home based business. It’s always to your advantage not to approach your clients with any sense of desperation. No matter how hard you try to cover up your desperation, clients will sense it.
This also gives you a taste of what being a virtual assistant is really about and whether it is the right career move for you. Good to know before you invest in starting a virtual assistant business as your sole source of income.
Starting part-time does have some challenges as well. You will need to spend some time planning your schedule and honing your time management skills.
Learn more about Virtual Assistants
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Virtual Assistant Contracts are an important element of running a successful residence business.
Prior to starting your a virtual assistant home-based business, you want to give some thought to the contracts you’ll use. A legal contract will ensure both you and your client have exactly the same regarding the services you will provide and the compensation you’ll obtain. Even if you are working for family members or friends, a good contract can avoid misunderstandings and hurt feelings down the road.
People can forget what is said during verbal agreements and something written down is a nice resource to review in the future.
There are many types of virtual assistant contracts you can choose from and what you use will depend on the types of services you supply as a VA. When you choose your target industry and are certain of the types of services you will provide, you can then create contracts that outline the services you’ll perform in detail, as well as your terms of service and compensation rates.
While you need professionally designed, legal contracts designed specifically for Virtual Assistants, you don’t have to spend a fortune. You can save a considerable amount of money by editing VA Contracts and just having a lawyer in your area review them.
Health insurance for self-employed professionals is often a big concern. Many people continue to work at jobs they hate or don’t pay well simply to keep their medical benefits. This is a real problem today but there are some solutions. Hopefully as more and more people choose to freelance and work at home based businesses, the health insurance options will improve.
There are some options for affordable health insurance for small business owners if you do your research.
One of the best reasons to start a home based business is the tax decution benefits. Of course the other reason is to make some much needed money – either a full-time or part-time income. The tax deductions make working from home an even better deal.
Not only can you save money on gas, professional clothing, eating out and childcare expenses, a home based business like becoming a virtual assistant allows you to deduct many business expenses and reduce your taxable income.
Business networking is essential for building your virtual Assistant business because it’s the best way to find clients…particularly when you are just staring out.
Don’t let the thought of going to business networking events and promoting yourself scare you. Just go out and meet people, offer to help others whenever you can and just build relationships. The jobs or clients will come if you do this right. If you approach networking your VA business by pushy sales tactics, this can backfire on you.
Learn the best way to approach virtual assistant networking and promoting your business.
It can be difficult to find Virtual assistant jobs because there are some any scams and jobs that simply are not legitimate.
One quick way you can tell if a virtual assistant job or work at home opportunity is not legitimate is that they will ask you to pay fees upfront.
There are some online job services like Guru or Elance.com that charge a small fee for their service by taking a percentage of the money earned for the job, but are legitimate services. What you want to avoid are those that ask you to pay upfront to join or buy a “list of jobs”. These list may be inaccurate, outdated and no one should not be charging you for access.
Should you choose a virtual assistant niche to specialize in?
Yes, its a good idea to have a particular specialty along with general administrative support skills to offer your clients. The reason is specialty services usually command a higher rate of pay and will help you build a profitable home business.
Virtual Assistants who have no specialized skills can try to offer too many services and may find that many of these services don’t pay enough for them to make a sufficient profit.
Another reason to specialize is that as a home based business owner, you can choose your specialty. Become an expert in something you truly enjoy doing and your business will be fun! Enjoying what you do is important.