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virtual assistant business

Business Taxes

Business Taxes for Home Based Businesses

It’s Tax Time Again!

Home Business Tax Deductions

Home Business Tax Deductions

Now is a good time to make sure you are getting all of the tax breaks you are eligible for and taking full advantage of the benefits of owning a home based business.

As a virtual assistant home based business owner, you qualify to reduce your taxable income by deducting your business expenses. The amount of deductions you have can also depend on the structure of your business.

Owning your own home business can be challenging, but you want to make sure you enjoy all of the benefits of business ownership. One great benefit is your tax deductions. Learn more…

Emergencies

Your VA Disaster Recovery Plan

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.

Read more…

Virtual Assistant Contracts

What are best Virtual Assistant Contracts to Use?

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.

Learn more…

Common Virtual Assistant Mistakes

Don’t Make These Mistakes Common to Many New Virtual Assistants

A virtual assistant business is a great home based business to start today. All businesses need help with the many time consuming administrative tasks involved in running a business and time is short today. If you get your VA business off to the right start, you can find a variety of businesses that are desperately needing your help and will be more than happy to outsource a good deal of tasks to you. Just be sure you have your policies and contracts in place…

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Why Work At Home As A Virtual Assistant?

Why Work At Home As A Virtual Assistant?

A Virtual Assistant, also known as a VA, is someone who works at home from his/her own home office to deliver services remotely to a small business, entrepreneur or company on a contract basis as opposed to as a staff member. This can be a great home business for people needing to generate extra money or earn a living.

Look at the following advantages to becoming a Virtual Assistant.

#1 Capability to Work at Home

Many individuals discover the option to become a VA is the right one for them. If you’re a parent or caregiver, being a VA makes it possible to earn money and work at home. VAs can manage their clients virtually from home and deliver services online. A VA home business is easier now than before because of today’s technology for instance the Internet, faxes, and communication systems like Skype. Gone are the days when you need to dress up, fight the early morning traffic and go to a formal office.

It’s also good to be able to move and work wherever you prefer. If you need a vacation but have a deadline, you can take some work with you. Imagine working at you favorite coffee shop, outside on a sunny day, or even while stuck waiting at the doctor’s office.

#2 It’s Interesting and Rewarding

You’ll be able to offer any services you would like as a Virtual Assistant. You are able to develop your business around a variety of general services or concentrate on a specified service for example Web design and maintenance. Having some variety or performing what you really enjoy may keep you from burning out. Forget about day to day boredom.

#3 Businesses are interested in Virtual Assistance

The demand for virtual assistants will continue to grow in the future. As more companies outsource and do business on the Internet, there exists an expanding need for virtual help.

Additionally, many small business owners and solo entrepreneurs are discovering the benefits of outsourcing rather than doing it all by themselves. It puts you in a prime position to create a successful home-based business and a career.

#4 Small Financial Investment and no particular Requirements

There isn’t a lot needed to get started as a VA. You basically need a functional home office with a good computer, high speed Net connection, business phone and a website to become a VA. You possibly have some of the equipment currently and can be up and running with a small investment of a few hundred dollars. You also don’t need any specific degree or certification. If you have the experience, you may start immediately or invest in some of the excellent training and certification programs for virtual assistants.

#5 Be Your Own Boss

There are other advantages too along with the freedom to work at home. You are able to set your own schedule. You can determine if you like to work early in the morning or late into the evening. You can also take time off when you need to. You don’t have to stress about asking for time off or using up your sick days. Probably the biggest benefit to being a VA is that you are able to decide who you will work with. You’ll be able to supply the services you pick with the clients you choose to work with.

Think about starting a virtual assistant business if you wish make some extra money or earn a full-time living by working at home. Virtual assistants are in demand currently. You can build a home based business that works around your lifestyle instead of compromising your home life for your job.

Learn how you can work at home as a Virtual Assistant…

Do You Need a Home Based Business Tax Deduction?

Do You Need a Home Based Business Tax Deduction?

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.

Read more…


 

Is Working as a Virtual Assistant Is Right for You?

Is  Working as a Virtual Assistant Is Right for You?

When you are looking into creating your own home based business then becoming a Virtual Assistant may be a great option for you. The services of VAs are in high demand today and the market demand is definitely growing. An increasing number of small business owners are recognizing the need for outsourcing many of their time consuming administrative tasks. The VA home business guarantees variety, daily opportunities and the overall flexibility of becoming your own boss. Even so, it’s not the ideal option for everyone.

Below are some questions to help you decide if working as a Virtual Assistant is a good option for you.

Are You Good at Time Management?

To be a virtual assistant you’re going to have to manage plenty of responsibilities. You’ll balance customer work while you are running your own company. You’ll also need to promote and build your home business. Not to mention the day-to-day jobs, like housework, never go away either. There will be lots of demands on your energy, time and attention.

If you’re good at time management, then great. Provided you can focus and stay productive, you’ve got what is required to be a VA. If time management isn’t your strength, there’s still hope. Begin adopting habits right now to better manage your time. Learn to schedule and prioritize and find ways to focus and be productive with your current home tasks.

Are You Motivated and Enthusiastic?

Becoming a VA requires a great deal of positive energy. You’ll need to be able to get up each day and be ready to focus on your business. Naturally there’ll days where you lack energy and enthusiasm, we all have them. However, to be able to succeed as a Virtual assistant, you’ll want to be brimming with energy and enthusiasm to begin, develop, and run your home business and ride out the inevitable challenges.

Are You Organized?

As well as organizing your own home business requirements, duties and information, you’ll have to organize your client’s info and projects as well. That’s part of running a successful home based business. You can’t just work at your kitchen table and throw everything in a box. Your clients will also need your help getting and keeping them organized. And the more well-organized you are, the more profitable you’ll become. Not organized? Start setting up organizational systems right away. You can still become successful, but you are going to really have to pay careful attention to your organizational techniques and practices. Decide you will stay organized and just do it.

Are You Friendly?

Okay, so you don’t really need to be a social butterfly to make money working at home as a virtual assistant; however, you will want to be outgoing enough to promote your services and be easy for your clients to communicate with. Clients and prospects generally will communicate with you via email and the telephone so be sure you are comfortable with this. Make sure you’re comfortable talking with strangers at times and networking to find potential clients. Also, the more social you are, the more clients you’re likely to meet online and off. It’s easier to build your small business when you’re enthusiastic to talk about your business with others.

If you don’t possess most of these skills or personality traits, it’s okay. The majority of these skills can be learned. You can even learn how to be motivated and productive. If you wish to build a successful Virtual assistant business, a strong desire is the first step. The rest will fall into place.

If you have some strong administrative skills that small businesses are needing help with today, you can start a successful home based business. Learn more about what it takes to become a virtual assistant…


Virtual Assistant Business Networking

Virtual Assistant Business Networking

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.

Virtual Assistant Services During Holidays

Virtual Assistant Services During Holidays

The Holidays can be a tough time for Virtual Assistants…particularly those who have not yet built a steady clientele that pay consistently on a Retainer Basis.

Depending upon the types of businesses you serve, many are cutting back on their spending as the end of the year approaches. One way to combat this is to offer Special discounts or coupons for the Holidays. This can help those businesses who need to watch their end of the year budgets and is also a nice way to reward clients who are loyal to you and your business. Discounts during this time may be a great way to acquire new clients that may not otherwise consider your services until after  New Years.

Another thing to remember during the holidays is this is a great time to show your appreciation to your clients. Whatever your budget will allow, find something you can give them. Perhaps a holiday greeting card, a gift basket, Christmas gifts or just a discount on your services.  Any act of appreciation you can give your clients will send the message that you value them as your clients and appreciate their loyalty to you.

So many people are busy today and forget to show these little acts of appreciation. You will stand out simply because you took the time to do something nice. Think about the last time a business showed genuine appreciation to you for being their customer. While we should find ways to be kind and show appreciation throughout the year, the Holidays is a great time to do something special for your clients.If your clients are struggling financially during this time, a discount may be something nice you can do for them and keep some money coming in to your virtual assistant business as well

 

 

 

 

 

 

Finding Clients

Finding Clients: Where do I begin?

Many new virtual assistants focus on finding virtual assistant jobs rather than finding clients. What’s the difference? The distinction is actually quite important.

Clients are business owners that you can build a lasting relationship with and work as a team. Clients will work with a virtual assistant on a continual basis and may add more responsibilties as their trust in their VA grows.

Virtual Assistant jobs are often just one time projects. The VA does not have the time to learn much about the business and discover ways to help the business flourish. They simply perform the job for a set amount of money or often a low hourly rate. Once finished they need to look for a new job.

This is a tough way to make a living as a Virtual Assistant. If you want to build a profitable home based business, you need to find loyal clients that will use your services on a continual basis. Some virtual assistants even go as far as only taking on clients on a “retainer” basis. This provides a steady flow of work…and more importantly, a steady flow of income.

The best way I know to find clients is to market your business every way you can and to master the skill of networking. Attend offline networking events and carry your business cards with you everywhere you go. Have a good referral incentive program for your existing clients because word of mouth is a great way to build your business.

Once you set up your website, join some social networking sites and begin networking with other business owners who may need your services, or know of others who do.

Concentrate on finding clients to form lasting and mutually beneficial partnerships with, and you can build a successful home based Virtual Assistant business.