When it comes to spending smart money on your business
understanding the return on your investment (ROI) is important to your business bottom line.
- Is it time for you to outsource work?
- How much are you worth in terms of an hourly rate?
- What kind of work do you do that can be delegated?
By working with a VA who will free up your time for revenue producing activities, you will be able to generate more income for your business.
Take the case of the hypothetical speaker
She charges $1,000 per speaking engagement.
She’s only able to schedule 10 engagements per month because she has to take care of business 20 hours per month.
Income = $1,000 x 10 = $10,000
If she had those 20 hours back, she could schedule 3 additional engagements each month.
Additional income = 3 X $1,000 = $3,000
If she paid her virtual assistant $900 (an outsourcing cost and therefore a tax deduction), she would enjoy an additional $2,100 per month net profit, which amounts to $23,100 in additional income per year (with a month off for vacation.)
What would your ROI look like?
You can send me a message here.
Karen is detail oriented with excellent organizational
and time management skills.
Joseph E. — The Henehan Company