redboxoffice

Yes, it’s all about time and money.  Your time is money, right?

So why are you trying to run your business single handed, tying yourself to basic admin jobs that don’t earn you a penny and take up your valuable time?

I wrote last week that outsourcing takes planning and forethought and it does.  There’s no reason to throw baby out with the bathwater, now is there?  So once you have a list of what could be outsourced, the big question is, “How am I going to pay for this?”

But put another way, it is “What is my time worth?”

Say, for example, you charge yourself out at €50/hour.  That’s just an average figure for your regular clients.  If you’re in the office, completing your IRS return, or following up on emails, how long does that take you?  Two hours, four, 17?  So you do the maths.  Four hours at €50/hour is €200.  Wow!  You just didn’t make €200 today!

Now think about handing over that emailing to someone who charges €10/hour.  Even if they take the same amount of time as you, that’s only €40.  A ‘saving’ of €160.  If you’re not having to take the time to complete your emails, what could you be doing with your time & how much could you be earning?

Think about that!

About Us:
Emma Crabtree, Virtual Assistant and Chief Organiser, is the owner and sole-operator of Red Box Virtual Office, an off-site business support service.  Red Box Virtual Office can enable you to free yourself from the day to day admin of your business so that you can focus on what you enjoy and what makes you money. Go to the main website to find out more