In today's ever shrinking economy, businesses must find new ways to increase productivity while lowering overhead costs. In an effort to rein in spending, many business owners have begun to perform non-income producing tasks themselves. But what many business owners fail to realize is that in fact by doing these tasks themselves, they are costing themselves money as opposed to saving money. An innovative solution to this common problem is the hiring of a virtual assistant.
A virtual assistant can perform many tasks that are fundamental to running a business, but do not require a physical presence at the business location. Tasks such as checking and responding to emails , sending out invoices, uploading content to blogs, and maintaining virtual client contact can all be outsourced to a virtual assistant offshore. Thanks largely to the availability of the Internet hiring a virtual assistant to perform the tasks of a secretary is now possible at a very reasonable cost. Outsourcing many of the tasks needed to propel a venture into success can now be done with the support of a qualified, eager virtual assistant in the Nigeria.
As an entrepreneur you may be reluctant to take on new costs in order to run your business, especially with the uncertainty of the current market. By hiring a virtual assistant from the Nigeria you can actually decrease your overhead costs while increasing your productivity and in turn your revenue. While it is true that there are virtual assistants available from many countries in the world; what I have found is that employees from the Nigeria have generally sought higher education, are eager to work, possess a positive work ethic and hold a high respect for American values in the workplace.
When looking at the facts and figures of hiring a virtual assistant vs. a secretary the cost effective route is to outsource the work offshore. According to the bureau of labor statistics the yearly median salary in 2008 for administrative assistants and secretaries in the United States was $29,050. The median salaries of executive secretaries and administrative assistants as of May 2008 were upwards of $40,000.
Realistically, that is a staggering amount of money to pay year after year for a supportive office staff which does not directly generate income. Many of these secretaries are employed fulltime and therefore incur extra expenses such as health insurance, unemployment, payroll tax and workers' compensation. With marexventures assistant, the yearly salary would be a fraction of what is paid to an employee and the business would no longer incur the legally required extra expenses.
Perhaps you are not clear as to how you could benefit from the use of a virtual assistant from the Philippines. Perhaps you still think that the best way to save money is by performing the work yourself. However, how much money are you really making or saving when you answer your email, pay bills, answer phone calls, or gather information through research? The Pareto principle dictates that 20% of the work you are doing is responsible for 80% of your generated income. Therefore, there is 80% of your time which can and should be utilized to grow and succeed in your current market.
However, if you are wasting that time performing duties normally designated to office staff, then you have greatly limited the potential growth of your business. Using the same principle, you will see that although you are paying someone for 100% of their working time they are only working 20% of it for you. The reality is that your venture will still need a supportive staff in order to continue expanding. Do you really want to pay upwards of $30,000 for 20% of someone's effort? It's much better to hire a virtual assistant!
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