Female Entrepreneurs: Avoid Falling Victim to the “I Can Do It Myself” Syndrome 2
Time is valuable and no one can afford to spend time on tasks that are non-revenue generating. In the state of today’s economy, every business is looking to reduce costs and increase revenue. The “I Can Do It Myself” Syndrome tells sufferers that they can save X amount of dollars if they just do it themselves; but what many entrepreneurs tend to forget about in this equation is that time is money. Calculate what you can make if you meet with a client for two hours and they sign a contract that’s worth $1,000+ vs. what you are saving by doing tasks such as social media, email marketing, web updates or managing your calendar for $30-$40 per hour. There is no comparison.
The side effects of the “I Can Do It Myself” Syndrome include, but are not limited to: burnout, stress, less time with family, irritability, self-doubt, loss of sleep, loss of revenue and, in some cases, loss of business.
A great prescription for eliminating these side effects is to engage a Virtual Assistant Team. Many female entrepreneurs feel they cannot afford a team, but what they don’t understand is they can’t afford to be without one. Learning to let go, and to let those who have the skills and expertise to handle what they do best while you handle what you do best, will allow you more time to grow your business. With a Virtual Assistant Team you spend less time giving instruction and trying to figure out how things work, while spending more time seeing results. No longer will you have to spend endless hours trying to figure out the latest social media trends and what you should and shouldn’t be using in your business. You can turn it all over to your Virtual Assistant Team.
Below are five solutions a Virtual Assistant Team can offer to your business that will result in a cure for the “I Can Do It Myself”Syndrome:
1. A Virtual Assistant Team can save you an entire quarter per year. If you are spending two hours a day on tasks such as social media, e-mail marketing, QuickBooks or other administrative tasks, you are losing an entire quarter a year! Let me break it down so you can really understand:
2 Hours a Day = 10 Hours a Week
10 Hours a Week = 40 Hours a Month
40 Hours a Month = 1 Week
1 Week a Month = 3 Months a Year
3 Months A Year = An Entire Quarter
2. When you engage a Virtual Assistant Team, the entire team is an extension of your business and is working towards a common goal. For example, the WordPress Specialist VA creates a sales pages for your workshop, the Shopping Cart Specialist VA loads your workshop to your shopping cart and sets up the auto responders, the PR VA prepares your press release announcing your new workshop, the Social Media VA tweets about the event and the QuickBooks specialist VA tracks your ROI for the workshop. One team working together, accomplishing your tasks in half the time in which an individual can.
3. A Virtual Assistant Team delivers one invoice — eliminating tracking multiple invoices issued on multiple dates with multiple pay cycles. One invoice from one team is delivered at the same time each month.
4. Each member of a Virtual Assistant Team has an area of expertise. Each VA on a team is in an expert in their area of specialization. No more having to slow lead time while you are waiting for an individual to ramp up their skills in area that they maybe unfamiliar with and/or have no interest in. One team with many capabilities is working together to help you increase your revenue.
5. When you work with a Virtual Assistant Team, the entire team is familiar with your business. If your assigned VA takes a day off or goes on vacation, you are not stuck looking for someone to fill in for them. With a Virtual Assistant Team there is always a Virtual Assistant available to fill in when necessary.
You let your accountant worry about the financial side of things, you let your lawyer worry about the legal side of things and you don’t worry too much about the money you are spending because you trust your accountant and lawyer are professionals and are representing you in a professional manner. Engage a Virtual Assistant Team and let them worry about your day-to-day tasks while you spend your time handling your business.