What to include in your Virtual Assistant Business Plan – Part 2

Last week, we talked about the non-financial aspects to include on your business plan. Today, we focus on all things financial.

Financial Statements
Any good business plan will include detailed financial statements to support what you want to achieve. These are vitally important if you want to approach anyone for financial backing in the future.

Make sure you include the following in your statements as a minimum:

Cash Flow Forecasts
What do you want to be earning for years 1, 2 and 3? Draw up a plan for each year and include in your business plan.

Balance Sheets
What equipment do you have? What stock do you have? What debtors (outstanding money owed to you)? These details make up your balance sheet.

Profit & Loss Forecasts
What do you think you will earn each year? What do you think you will spend each year? Subtract your projected outgoings from your income to get your projected profit figure.

Virtual Assistant Training – Who Needs It – Part 1





People who consider setting themselves up as a virtual assistant often come from an administrative or PA type role. They have flawless administrative skills and know their way around the various software packages they need in order to complete those tasks for their own clients, if they decide to forge ahead with their own VA business.


But what don’t they know? And do they even know what it is they need to learn before starting out?

The idea of having your own business and using your talents to be your own boss and earn a better living is a very appealing one. But how do you actually run a business? Providing the skills you have to help clients complete tasks or projects is indeed part of that. But there’s a lot more that you need to know.

For example:

How do you set your rates?

How do you make sure you get paid?

What equipment do you need – and what don’t you need?

How do you register a company – or do you need to?

Do you need insurance, and if so what kind?

What policies and procedures do you need?

Where do you find clients?

What effective and inexpensive ways are there to market my business?

How do you stand out from the crowd?

For more information about virtual assistant training visit: http://vasuccessgroup.co.uk/virtual-assistant-online-courses/online-courses-bundle/

 

Using Articles To Promote Your Virtual Assistant Business

One of the best forms of marketing is to become an expert in your industry for your target market. By becoming an expert, you raise your profile and chances of being found by your target market – and getting new clients.

Once way to become an expert is to write articles to showcase your expertise. As a Virtual Assistant, we have quite a few things that we can educate people about and these can be in the form of an article.

We are all an expert at something and you will need to brainstorm subjects that you are knowledgeable about and able to educate people on. Once you have some ideas, you can schedule time to write out these articles.

Remember to write with your target market in mind and one of the best types of articles is when you provide solutions to some of their basic problems.

Why not think about what subjects you could cover for the following:

Top ten ways to …
Five steps to …
… in 30 days

Want some free articles to use on your website, blog or newsletter? Check out http://vasuccessgroup.co.uk/virtual-assistant-freebies/articles/