How Much do I Need to be Earning From my Business Before I Hired a Virtual Assistant
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In this episode Catherine addresses a common question that is being asked a lot recently; How Much do I Need to be Earning From my Business Before I Hired a Virtual Assistant?
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So in this episode Catherine explains what the ratio of bookings you require should be to determine whether and when you may require a VA.
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KEY TAKEAWAYS
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- Look at what revenue you have coming in at the moment from all of your streams of income and decide whether you have enough to budget for a VA. \\n
- If you’re starting your business but don’t require to make any profit currently then using a va can really help you build solid systems and processes to help growth. \\n
- However, if you’re in need of profit and are living off of the profit you make then a va is maybe not quite right for you. \\n
- What level are you at with your business? If you’re right at the beginning and are trying to figure out your initial processes and systems, then a va probably wouldn’t be right for you. However, if you already have these systems in place, a va can help to free up time to enable you to do the higher skilled tasks. \\n
- You would be looking at £2 - £4 per hour for a va. Benchmarking how much you can afford to give per hour. \\n
- It depends massively on how big you want to scale your business. \\n
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BEST MOMENTS
\\n‘I wouldn’t look at revenue first’
\\n‘What’s the goal for your business’
\\n‘It’s 100% up to you’
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VALUABLE RESOURCES
\\nZapier: https://zapier.com/
\\nThe Leveraged Lifestyle Podcast
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\\nLeveraged Lifestyle Community: www.bit.ly/llocfbgroup
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\\nLife Leverage Online Masterclass: www.turnerinvest.co.uk/masterclass
\\nJoin our VIP Investor List: www.turnerinvest.co.uk/vip
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101 tasks report: www.turnerinvest.co.uk/viva
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ABOUT THE HOST
Catherine Turner
Catherine is host of the iTunes No.1 business podcast Leveraged Lifestyle, she is an entrepreneur, businesswoman, Inspirational Speaker, world record holder, Founder of Turner Invest and a mum of 2!
\\nCatherine quit being an employee in 2013, after working more than 50+ hours on average a week, over 3 jobs. Jobs, hours and a lifestyle which led to a diagnosis of clinical depression before the age of 25.
\\nIn 2011/12 Catherine discovered the power of investing in property, and has experience in Single Lets, Flips, Deal packaging, House of Multiple Occupation (HMOs), Serviced Accommodation and Developments mainly in her home county of Essex, but also across the UK, helping investors, landlords and developers create a better return on their money or property.
\\nCatherine started Leveraged Lifestyle podcast to share with business owners, entrepreneurs and those not leading their ideal lifestyle, the mindset and skillset it takes to create a lifestyle of freedom & choice.
\\nCatherine has identified 7 key areas of leverage, which we can all tap into: time, money, knowledge, talent, experience, brand, our strengths. This coupled with the SOS model created by Stephen Turner (Catherine’s business partner & husband): Systemise, Outsource & Scale, Leveraged Lifestyle podcast is here to help you create a business that gives you the lifestyle you want.
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CONTACT METHOD
\\nhttp://www.catherineaturner.com
Email: media@turnerinvest.co.uk
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