If you’re not going to the bank to get a loan to start your Virtual Assistant business, then you don’t need a hard and fast business plan; you know the ones with multi-pages that have taken you weeks to prepare. Now, don’t get me wrong, I’m not saying you don’t need to plan, but you need planning basics.
So, where do you start; what are the planning basics that you should consider? Well, I’m glad you asked. I’ve put together 6 planning basics that you can get started on. Use the 6 planning basics as part of your business strategy from now on.
6 Planning Basics
- What do you need to do to make your business legal? Check out all the relevant business information for your state and or country to ensure you’re compliant. Are there licences and permits, tax obligations, business registrations, and council regulations you need to adhere to?
- Your business name is a consideration; will it reflect the services you offer; does it need to be registered? Again you will need to check on your state/country business information.
- How will you let people know about your business? What social media platforms will you use; will you advertise in your local paper (yes, some places still rely on a newspaper for advertising, I live in such a community).
- Will you work in your business full time or part-time, or are you working a part-time job too? On a personal point, if you are operating a part-time job elsewhere, keep it until you are sure you can do without it.
- What will your service offering be? Consider the stuff you love to do or are passionate about. I can’t for the life of me work out why anyone would want to run a business offering services they don’t enjoy doing.
- Your pricing needs to be realistic and thought out. Your knowledge and experience in the services you offer should dictate the basics of what you charge. Make sure you bill your worth. Never undersell your worth, discount or give away hours unless you are helping with pro-bono charity work.
Planning for your business shouldn’t be a headache, but it can be overwhelming if you don’t know where to begin. These 6 planning basics will help you get off to a flying start.
3 Free Spots; want one?
On the 17th of January 2022, The Virtual Assistant Project will launch a new 10-week program, and there are three FREE spots for three lucky people. If you’d like to register for a chance to receive a free place in the 10 week program, click here to leave your details.