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Further
Reading ...
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How to Quickly and Easily Set-up Fully Automated Internet Businesses in 30 Days or Less - Brian Mulligan
4 steps to follow... 1)Find a starving group of customers desperate to buy a product from you 2)Generate order producing sales copy that pulls in orders left and right 3)Create a powerful email follow-up system that doubles your conversion rate...
Are You Starving Your Home Business Of Lifeblood? - Mal Keenan
If you've seen Kevin Costner's film the "Field of Dreams" you will remember how he was inspired to build a baseball field with the words "If you build it, they will come". He built the stadium, and with a little faith, streams of visitors were...
Web Traffic Wonder: Are You Using This Free List Building Tool? - Chuck Huckaby
Yes, if need more web traffic, this free list building tool could be a painless way to steadily build more prospects, more web traffic, and more income. If you are in business for the long haul and have the guts to persevere... If you could...
30 Tips To Create A Profits Explosion Online! - Bret Forster
Can you relate to this scenario? You hear about how profitable internet businesses can be. So you sign on to the Internet and go on a quest for the “Internet Profits Holy Grail”. And, like King Arthur’s knights, you end up using the wrong strategies...
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How Much is Your TIme Worth?
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Written By:
Jean Hanson
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Have you ever thought about how much your time is really worth? If you’re a busy entrepreneur, your business growth might depend on it. Have you ever said, “I don’t need any help – I can do it all myself! Besides, I can’t justify hiring someone – my business isn’t big enough.”
Many entrepreneurs feel that they just can’t justify paying someone to assist them with the many tasks that need to be done to keep their business running smoothly. What you need to do, however is take a step back and remember what your original mission was when you started the business. Are you where you thought you would be at this point in time? Are you doing the things you love to do, or are you spending time working on the details that don’t contribute to the bottom line? Is this the best use of your time?
One thing you can do to move your business forward is to outsource some of the administrative tasks that don’t need your personal attention. But before you can decide if this is right for you, let’s figure out just how much your time is really worth.
Let’s look at this example: You charge $75 per hour for your services. You’re spending 5 hours per week on administrative tasks such as updating your contact database, keeping up with correspondence, updating your website, and so on. $75 x 5 hours = - continued below ...
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$375.00 (in essence, this is what you’re paying yourself). What if you could take those 5 hours of work and give them to a Virtual Assistant to do (for a lower hourly rate), and then spend your time earning $75 per hour? If you paid your Virtual Assistant (VA) $35 per hour for 5 hours of work, it would cost you $175.00. You could make $200 in profit by outsourcing 5 hours of work!
Yes, you may be spending some of your hard-earned money on something you might be able to do yourself, but think of how much you’ll gain by letting go of the things that really don’t need your personal attention.
Partnering with a VA is an ideal solution for many entrepreneurs. It allows them to make more money and grow their business, not to mention the fact that they now have a business “partner” that is interested in the success of their business. After all, when a VA’s client is successful, the VA is successful too!
Have you figured out how much your time is worth yet? What are you waiting for?
About the Author
Reprinted with permission from Jean Hanson, Virtual Assistant (Copyright © 2002, Jean Hanson, VA Office Solution, http://www.vaofficesolution.com). To subscribe to Jean's free newsletter, Office Solutions, visit her website.
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| _Additional Resources ... |
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How To Double Or Even Triple Your Opt In List Subscriptions - Al Martinovic
Face it. Whether you have an ezine or newsletter, or you are working an mlm or affiliate program... You need to capture your prospects email address on your website. One effective way that I have found in doing this is by using an alert box....
Halliburton Under Fire - Kirt Hill
The shareholders of Halliburton are trying to stop state-sponsored terrorism, using the same economic leverage that was effective against South African racism in the 1970's. Back then, shareholders used corporate resolutions to stop companies from...
Cutting Costs can significantly increase your income - Lori Redfield
As a work at home Mother, I know the value of a deal. Any smart business person knows that the best way to make money is to SAVE money. Recently my husband quit his 9 to 5 salaried career to work from home with me. In order to afford this we...
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