How Many Assistants Do You Need?

One sure sign that it’s time to seek help in your business is that you are no longer as productive as you once were because you are trying to do too much. Once you’ve come to the point that help is needed the next step is to determine just how much. You can find your answer by evaluating your time, budget and your business as a whole.

How many assistants do you really need? This will vary from business owner to business owner. It is your decision to determine which areas of your business need the most help from another person or professional. Take into consideration not only the amount of money you’ll need, but also how much time you have to devote to certain areas of your business. The more time you have the less likely you are to need multiple assistants.

Most likely you will want to hire assistants in the areas of your business you feel weakest or just don’t have the time to complete. For instance, if you are not good with or don’t like numbers seek the help of a bookkeeper of certified public accountant. Another important area that you may need help in is legal matters. For those who have businesses where it’s essential that you be protected, hiring an attorney is important.

Your needs may not even be as technical as those things. If you find yourself struggling with the amount of time it takes to answer emails, consider hiring a virtual assistant to handle this task. Have a hectic schedule that you don’t have time to plan or can’t seem to keep up with? Hire someone to help out with scheduling appointments and other various clerical tasks.

In some cases you might need assistance in all of these areas and then some. Only you can truly determine your ultimate needs. Whatever the case, don’t be afraid to seek out help. Once you have found others who can efficiently help your business function and grow, you’ll be glad you planned ahead. You’ll soon start to see the results of having a hand in your business and be glad you took the steps necessary to enlist that help.

5 Tips for a Better Outsourcing Experience

Outsourcing can be a valuable practice for many small business owners. It frees up time allowing them to handle the important areas of their business. Those areas include ones the owner truly needs to focus on. Outsourcing allows someone else, a paid assistant or other professional, to handle areas such as email, bookkeeping, etc. However, to make the most of outsourcing it is important that it be handled strategically.

The following are some tips for a better outsourcing experience:

Communicate! With outsourcing, communication is the key. Without proper communication between the business owner and the assistant, things can take a turn for the worse and quickly. You will want to make sure from the beginning that your helper understands what is expected of them, what your agreement is and how you will go about communicating, paying them and evaluating their work. A good assistant will know to ask questions should they need clarification on a project, but you can also facilitate the process. Proper communication can make life easier for both of you.

Sign an agreement. This can truly make or break the relationship. Treat your outsourcing agreements properly as a business agreement that needs to be handled in a business manner. You will want to draw up a written agreement that the both of you are satisfied with and make sure that you have a signed and dated copy to keep for your records. This will save you a lot of pain in the future if the business deal, tasks or payment arrangements are ever in question.

Be explicit with instructions and deadlines. More often than not it pays to be specific. When you give very specific instructions and set specific deadlines there are fewer questions and concerns for both parties. Even if you think something is a “given” still specify to avoid misunderstandings for the both of you.

Let go! That’s right, once you’ve given a task away to an assistant do not try to hold on and control that job. That’s why you hired someone to handle it for you, so you wouldn’t have to worry about it any longer and so you could free up your mind and your time to handle other things. So, don’t try to control all the details of the situation once you’ve passed it on.

Take time to evaluate. Take the time to review the working relationship between you and your assistant. Every so often (at minimum once a year), evaluate the work being performed and how it is helping your business. Make sure you are spending your time and money wisely. Make adjustments as necessary.

20 Outsourceable Tasks for Small Business Owners

There are tons of things you can outsource in your business and every business is unique. Here’s a starter list of 20 common tasks outsourced by small business owners, just like you.

1. Article Writing
2. Blog Post Writing
3. Article Submission
4. PLR Rewriting
5. Newsletter Creation
6. Affiliate Management
7. Website Creation & Maintenance
8. Blog Installation & Customization
9. Customer Service
10. Video Creation
11. Adding Content to Your Website
12. Project Management
13. Accounting/Bookkeeping
14. Graphic Design
15. Search Engine Optimization
16. Tax Preparation & Filing
17. Press Release Writing & Submission
18. Advertising
19. Cleaning (Office or Home)
20. Training of Employees/Assistants

While the majority of my list works for online businesses, there are several that will work for those who run a brick and mortar business as well (because you do have a website, don’t you?!).

Take the time to make your own list starting with all the tasks you do in a given day, week or month. Make a check by those items that you hate doing, could be better done by someone else or you can get done cost-effectively by someone else. Then start handing those tasks to someone else.

Outsourcing is a Small Business Owner’s Best Friend

In my last post we discussed what outsourcing is exactly. If you haven’t had a chance to read the post, you can do so here.

As I mentioned before, outsourcing can save business owners like you and me tons of money, but sometimes more important than our money is our time. As mother of three who owns her own business, I know how easy it is to get your mind set on nothing but business. You want so bad to succeed and grow your business. It’s hard to NOT think about working, especially when you are the one responsible for every part of it.

I see countless business owners sacrifice many parts of their life, including important moments with their family, their own personal interests, and even their health. All for what they call their “desire” to succeed. It’s not worth killing yourself over. Outsourcing can help you have both a successful business and happy, fulfilling life.

By outsourcing everyday tasks in your business or things that you don’t know how or don’t enjoy doing, you will give yourself more time to do the things you enjoy doing not only in your business, but in your personal life as well.

This is different for everyone. Some of us hate dealing with the massive amounts of email received daily while others may despise bookkeeping. Personally, I am one who doesn’t like dealing with numbers, so this was one of the first things I outsourced in my business.

Outsourcing will also give you the opportunity to strategically plan your business and market it effectively. If you’re so busy doing all the little tasks, it’s tough to focus on the big picture.

Think about what things you prefer to handle yourself as well as what can easily be done by someone else, you can determine what areas of your business to outsource. You will also need to consider your budget when determining what to outsource to someone else. Your answers will allow you to pick and choose what you will keep and what tasks to outsource.

Let’s face it as a small business owner you often wonder, “Can I get it all done?” and in most cases the answer is no; at least not without a little help. We’re all human and therefore need to realize we can’t do everything. That is where outsourcing can become the small business owner’s best friend.

Even if you can only afford to outsource one or two things, the benefits of doing so will be great and you will in turn be much more productive in the areas you are able to focus on. Outsourcing is truly “smart business” for a small business owner.

What is Outsourcing?

In the past when you asked someone what outsourcing was, they would probably tell you something regarding sending work to be done overseas to an individual or company that would do that work dirt cheap. We can all picture calling a North American company for support and end up speaking to someone half way around the world that doesn’t speak English well enough to help us with our problem. Although that is a form of outsourcing and can be extremely frustrating, that’s not what I mean when I talk about small/home business and outsourcing.

Outsourcing for a small business owner is handing over some of your business tasks to someone who has the competence and experience to handle them for you. This gives you more time to focus on other, more important (marketing/planning) and/or enjoyable parts of your business. But, that’s not all.

Here’s part of the definition of outsourcing from Wikipedia:

“Outsourcing involves the transfer of the management and/or day-to-day execution of an entire business function to an external service provider.”

Outsourcing is generally done with an independent contractor (usually another business owner specializing in the tasks you need completed) versus hiring an employee. By hiring a contractor (IC) you, as a business owner, save tons of time and money. You don’t have to worry about paying costs such as taxes, insurance, sick time or vacation time. You also don’t have to dish out money for office space, equipment, energy costs, software, training, etc. You pay the person you are outsourcing the work to for the work they do. That’s it!

Most of these contractors run their own business which means the items they need in order to complete the job are most likely already a part of their business. Whether that’s software, equipment, training, or something else, you are sure to find someone who knows what they are doing and can complete your tasks very efficiently and to your standards. Online you’ll find many of these contractors go by the term virtual assistant or VA. A virtual assistant is just what its name implies, an individual who assists others from a virtual location.

Look for more topics on getting serious with outsourcing in the coming weeks. We’ll talk about why outsourcing can be a small business owner’s most important business builder, what kind of tasks can be outsourced and tips for making your outsourcing experience a positive one.

Home Business or Brick & Mortar?: Make Your Choice

You’ve always dreamed of owning your own business, being your own boss and living the good life. You’ve got the perfect idea for a business and you’re ready to run with it. Now the question is should you create a home-based business or a traditional brick-and-mortar business?

Here are some tips to help you decide which is right for you.

Brick and Mortar is Rarely a Necessity

In reality, there are many and nearly endless business ideas that can be run from home, especially with the Internet making it easier to receive and ship orders and communicate with clients and customers. Even if you have large product inventories, you needn’t clutter up your home with all those boxes. There are many fulfillment centers that will handle the storage and shipping of your products for you, so you can concentrate on selling more products.

Consider the Additional Start up and Maintenance Costs of Brick-And-Mortar

In most cases, a home business is cheaper to start than a brick-and-mortar option. Added expenses for brick-and-mortar come in the form of rent/lease/property purchases, larger staff requirements, licenses, etc.

Do you have money saved up for such a venture or will you need to take out a loan to get started? One option is to start small and home-based, if possible and expand as your profits allow and you prefer to move into a more traditional business setting.

Warning: Large Doses of Discipline Required

As a business owner you must have discipline unlike that of an employee as well, no matter which type of business you choose. However, working at home requires additional discipline that not everyone posses. Yes, it takes a lot to get up and go to a 9 to 5 job every day, but when you’re in business for yourself it takes more than just a paycheck to keep you motivated some times, especially if you’re working amongst the many distraction of home life.

With Discipline Comes Freedom

Most home businesses still allow you a large amount of freedom in your lifestyle and mobility. Setting your own hours and moving your business if you decide to relocate is much simpler with the home based business.

Overall, you need to make a decision that is right for you, your finances and target lifestyle. Whether you build your business from home, an office, a workshop or a retail store, careful planning will help you achieve the success you’re looking for. There are plenty of great business ideas at the Business Idea Library to get the ideas flowing.

Top Tips for Starting Your Online Business

As easy as it may sound, starting an online business is not something to be taken lightly and does involve hard work. Just like any other business, there are a few important things to consider when starting your online business. Here are six areas that should be top on the to-do list of anyone starting an Internet based business.

Determining a Target Market

Without knowing who you will market to, how can any business owner be truly successful? Sure, big companies can get away with marketing to a large arena of individuals from all walks of life, but as a small business owner online, you are competing with thousands of other business owner all over the world. For that reason, you will need to narrow down your choices and focus on one specific market in order to make running your business easier on you and more appealing to your customers. Here are some more target market tips.

Choose an Online Business Model

What will you be offering in your business? Will you be selling your own physical or information products, offering your services or promoting someone else’s products or services? If you choose to sell or promote other products, will it be through a direct sales company, affiliate programs or a combination of more than one? Here are some considerations to make for your online business model.

Determining a business model will help in many ways, one of the most important being that you can find other successful online businesses to learn and mentor from. This will help to cut your learning curve by teaching you tips and tricks that are unique to these specific types of businesses.

Deciding On & Purchasing a Domain Name

If you’re doing business online, you’ll need a domain name for your website. Once you have decided who your target market is and the type of business you’ll be starting, finding the perfect domain name will be much easier.

Here are a few basic tips for choosing a domain name:

· Make a list of possibilities before searching for availability
· Make it easy to remember
· In most cases, steer clear of extensions other than .com (this is what most people think of first when typing in domain names)

Copywriting – Learn & Apply It

Online businesses rarely have the ability to see their customers face to face. Therefore, the words on the screen need to do the convincing when it comes to potential customers. In order to be successful with an online business, copywriting is essential. However, you don’t have to be a grammar queen or a Pulitzer prize-winning author in order to write for the Internet. It’s a good idea to either hire a copywriter or, at the least, learn the basics of copywriting and apply it to your business.

Traffic is a Necessity to Online Business

You can have a website live on the web, but without visitors (traffic) coming to the site, what good is it? Learning things like what web traffic is and how to get visitors to your website are imperative to an online business’ success.

Creating & Maximizing Mailing Lists

Mailing lists are a big part of online business. If you don’t have one for your business, get one. You’ll use the mailing list for many things and one of the biggest being to keep in touch with your customers and leads. This will help to build a relationship, which is important when it comes time to sell to current and potential customers. Make sure to make learning to build and profiting from your list a priority.