26 Jan Ways an Executive Virtual Assistant (EVA) Saves You Money as a Business Owner
In today’s business world, an Executive Virtual Assistant (EVA) is an asset to so many companies. EVA’s work differently than full-time employees, and they can save business owners a lot of time and money.
Before we look at how you will save money by hiring an EVA, it’s important to understand what an EVA is: a remote executive assistant who works from anywhere and can work either full-time or on specific projects. EVA’s have experience, add value to your business and help you operate your company efficiently.
Every organization, no matter how small, has daily operative and administrative tasks that need doing to keep things running smoothly. As a business starts to grow, it becomes difficult to keep on top of these tasks, and this is when mistakes start to be made.
Even small errors can lead to big financial losses eventually, so instead of having several employees juggling multiple admin tasks, it makes sense to hire one person to do them all.
Virtual assistants fill the same role as an executive assistant, except they work remotely instead of physically being present in your office. Let’s take a look at ways an Executive Virtual Assistant saves you money as a business owner.
No Office Space or Equipment
Did you know that a new cubicle costs about $2,000? The money a business can save by hiring an EVA extends beyond the initial outlay for office furniture. There are also other hard costs, like office supplies, utilities (lighting, heat, and air), parking, snacks, beverages, meals, on-site childcare, on-site work-life amenities and even on-site wellness and fitness amenities. EVA’s have an office, either at home or in a co-working space, so you can run your business without the expense of renting an office.
No On-Boarding or Staffing Costs
Whenever you on-board new employees, you spend money and time on training. EVA’s ensure that you save hours spent on training and dedicate that time to something more profitable.
EVA’s will bill you either on the number of hours they work, or on the scope of the work required – you pay them for their productive time, and not any time spent on breaks, etc. When you hire an EVA, you only pay for hours worked.
With full-time employees, you pay a salary whether there are tasks to be done or not. And there’s no overtime, hourly rates with EVAs. Sick days, turnover, disengagement, and other pitfalls associated with some work cultures have true business costs.
You Save Time, Time is Money
Time is a valuable resource that always seems in short supply, and once it’s gone it’s gone. That’s why it’s critical to hire people that you can delegate tasks to.
Business owners that spend their days addressing low-level administrative tasks are destined to stall. Having an EVA frees you up from your routine administrative tasks, so you and your team can focus on growing your business instead.
Ease of Operations and Lack of Time-Consuming Arrangements
The expertise of EVA services, like Ann Albrecht Consulting, offers ease of operations and allows you to streamline your operations. And because EVAs are tech-savvy and have a wide range of experience in different software, they can help improve your office processes and services to your business run smoother.
High quality of work
EVAs are independent contractors. They know that their reputation and success rides on being productive and delivering value to their clients. EVAs strive to perform at a high level, and don’t suffer from the distractions that a typical office-based assistant on a salary will.
Flexibility
EVAs are highly skilled and can generally take over the workload with minimal supervision from you. This is crucial when your business is going through a busy period, and you need to be concentrating your efforts elsewhere.
Hiring EVAs gives you the flexibility you need. Many companies have busy times and having an EVA you can scale their work according to your business needs.
We all know that multitasking is often not effective or efficient and hiring an EVA can help you focus on the important things.
If you think about it, having someone that you can delegate to that you can trust is priceless. What’s your sanity and peace of mind worth?