32 Ways Virtual Support Services Scales Your Small Business

32 Ways Virtual Support Services Scales Your Small Business

Business owners, CEOs, Entrepreneurs and Solopreneurs have a hard time letting go of pieces of their business, many times it’s because they don’t know what to hand off. Some are great at delegating while others, let’s just say they need a bit of coaching and prompting. That is where our Onboarding Concierge comes in. However, the problem with delegating is that usually, you don’t know what to give to your assistant or team member. Or they are great at delegating a task but terrible at giving them the information and access they need to complete it.

 

The Vicious Cycle of a Business Owner/CEO

You may have gone through this cycle as a Business Owner, CEO, Entrepreneur or Solopreneur.

Step 1: You are bogged down by various tasks, a bottleneck in the organization and when asked how many hours you work you say, “all of them”.

Step 2: You recognize the need for support, so you search the internet and ask peers for recommendations.

Step 3: You choose someone and hire them either on payroll or contract.

Step 4: You delegate a task to them.

Step 5: They ask for access or do something incorrectly or not the way you do it.

Step 6: Instead of correcting the error or granting them access, you do it yourself without providing feedback.

Step 7: You keep doing that task yourself and stop delegating because “I can do it myself faster.”

Step 8: You fire or ghost your new hire.

Step 9: You are bogged down by various tasks, a bottleneck in the organization and when asked how many hours you work you say, “all of them”.

Step 10: You recognize the need for support…

…you get the idea. If this sounds like you, here are the top tasks to delegate and here is how VEA onboards all of our clients with goals, clear communication and a clear plan of action to help you exit the cycle for good

 

Top 15 tasks for a Virtual Executive Assistant (VEA):

1. Email management: Efficiently organizing, filtering, and responding to emails to maintain communication flow.

2. Calendar management: Scheduling appointments, meetings, and events to optimize time management.

3. Travel arrangements: Planning and booking travel itineraries including flights, accommodations, and transportation.

4. Meeting coordination: Scheduling, preparing agendas, and taking minutes for meetings.

5. Administrative tasks: Handling paperwork, filing, data entry, and other general administrative duties.

6. Research: Conducting online research on various topics to gather information and data.

7. Correspondence: Drafting and editing letters, memos, and other business communications.

8. Document preparation: Creating and formatting documents such as presentations, reports, and spreadsheets.

9. Project coordination: Assisting with project management tasks, tracking deadlines, and coordinating team efforts.

10. Event planning: Organizing company events, conferences, and team-building activities.

11. Client/customer support: Providing assistance and support to clients/customers via phone, email, or chat.

12. Database management: Updating and maintaining databases with accurate information.

13. Follow-ups: Sending reminders and follow-up messages to ensure tasks and deadlines are met.

14. Vendor management: Coordinating with vendors and suppliers for procurement and deliveries.

15. Personal assistance: Providing personal support to executives, such as managing personal appointments and errands.

Top 10 tasks for a Bookkeeper:

1. Accounts receivable: Invoicing clients and tracking payments owed to the company.

2. Accounts payable: Processing and recording payments to vendors and suppliers.

3. Bank reconciliation: Balancing and reconciling bank statements with financial records.

4. Payroll processing: Calculating employee wages, taxes, and benefits, and ensuring timely payroll.

5. Expense tracking: Recording and categorizing business expenses for accurate financial reporting.

6. Financial reporting: Generating and analyzing financial statements such as balance sheets and income statements.

7. Tax preparation: Gathering financial data and documents to prepare for tax filings.

8. Budgeting: Assisting in the creation and monitoring of budgets to manage company finances effectively.

9. Financial analysis: Analyzing financial data to identify trends, opportunities, and areas for improvement.

10. Audit support: Providing documentation and assistance during financial audits and reviews.

Top 7 tasks for an Online Business Manager (OBM):

1. Strategy development: Collaborating with business owners to develop and implement strategic plans and goals.

2. Team management: Overseeing and coordinating the activities of virtual teams and freelancers.

3. Process improvement: Identifying and implementing systems and processes to streamline operations and increase efficiency.

4. Project management: Planning, organizing, and executing projects to ensure timely completion and quality deliverables.

5. Performance tracking: Monitoring key performance indicators (KPIs) and metrics to measure business performance.

6. Client/customer relations: Managing client relationships and ensuring high levels of customer satisfaction.

7. Revenue generation: Developing and implementing strategies to increase sales, revenue, and profitability for the business.

Clarity

We hope this brings clarity to our three most popular virtual support services. VEA has helped hundreds of business owners, CEOs, Solopreneurs and Entrepreneurs delegate administrative, time-consuming, and energy-draining tasks since 2016. Allowing them to focus on high-level tasks that grow their business. What do you need to delegate to free up your time and energy?

 

Derek Burbidge
Manager of Sales & Marketing

11 Tasks, Projects & Processes to Outsource to Professionals

11 Tasks, Projects & Processes to Outsource to Professionals

As a Solopreneur you are taking care of everything from the top of the organization to the bottom.

 

  • You stock the copy machine and order supplies.
  • You run the whole sales process down to customer service.
  • You are the one ultimately responsible for everything in your business including its success and your failures.

It is manageable in the beginning but as you grow there are more and more unanswered emails, balls in the air, and to-dos that are not getting done. You want to hire your first employee, but you have no idea where to start.

This article will help you understand the who’s and what’s of outsourcing. We highly recommend reviewing our post on “What is One-Hour of Your Time Worth” to start prioritizing the tasks you are currently completing and understanding better what to outsource. The first piece of advice we will give is to hire fractionally.

Hiring fractionally means instead of onboarding a full-time employee at 40 hours a week, hire 4 professionals at 10 hours a week. For example, this could get your bookkeeping, administrative tasks, marketing, AND graphic design miles ahead.

List of Tasks

Many companies start by hiring a marketing person at 40 hours a week but quickly run out of work for them to do or try and make them a customer service representative, assistant, and janitor to justify their hours.

Here are the 11 tasks, projects & projects to outsource to Professionals as a Solopreneur:

Creative

  • Copywriting

Tasks to delegate: Blog posts, landing pages, website copy, social posts, and email newsletter.

  • Graphic Design

Tasks to delegate: Logo re-design, social posts, website, landing pages, brochures, email templates, business cards and handouts.

  • Professional Photography

Tasks to delegate: Headshot, product, location, and behind-the-scenes photos.

  • Web Developers

Tasks to delegate: New website design, website refresh, landing pages, technical setup, SaaS integration, and marketing integration.

 

Virtual Executive Assistant

Tasks to delegate: Email management, calendar management, meeting assistant, data entry, research, travel organization, and vendor/supplier liaison.

Tasks to delegate: Social media strategy, content calendar, graphic design, copywriting, scheduling, posting and engagement.

 

Virtual Bookkeeper

Tasks to delegate: Bank and credit card reconciliation, sales tax filing and compliance, and monthly/quarterly financial reporting.

Tasks to delegate: Following up on late payments, invoicing clients, paying bills, and scheduling payments.

Tasks to delegate: Ensuring your team and you get paid on time while following local and national laws.

 

Online Business Manager

Tasks to delegate: Create job descriptions, recruit and interview prospects, onboard team members and mentor your team.

Tasks to delegate: Document current processes, hand off processes to an Executive Assistant, remove bottlenecks and streamline internal systems.

 

Conclusion

Congratulations! You are well on your way from Solopreneur to Entrepreneur. Putting yourself in a position of working in your strengths and what you love. Doing what you always envisioned when you started your business. If an Executive Assistant, Bookkeeper, or Online Business Manager is the next piece you are looking to hire, VEA would love to help you onboard an expert who will scale with you and your business.

Book a call to learn more about our services and to see if we are a fit.

 

Derek Burbidge
Manager of Sales & Marketing

15 Minutes a Day of Self-Care for Business Owners

15 Minutes a Day of Self-Care for Business Owners

Business Owners, Solopreneurs and Entrepreneurs, whatever role you fill, your day is full.

It could be working in the business doing day-to-day operations, managing emails, and doing the bookkeeping or working on the business where you are goal setting, meeting clients, forecasting, and doing sales. With all the tasks on your plate, your self-care is usually the first thing to be put on the back burner.

When you find your mental health declining or if you are having a difficult time during your day, here are 10 tips to turn your day around.

Infographic

Before I go into detail on each one, I want to mention that I am not a dietician, a counsellor or a guru. I have however utilized each of these steps and spent some time over the past 10 years trialling each for myself. These are what works for me, but what works for you will be unique to you. Give yourself time and grace to find what works for you.

Here are 10 self-care tips that you can do in 15 minutes or less. If you can’t justify taking 15 minutes for your health, book a call with VEA to start delegating tasks.

 

1. Eat a Healthy Snack

I have gone through seasons of eating terribly and have worked on bringing the right foods into our home. Instead of ramen for a snack, I cut up veggies for the whole week on Sunday night. It takes 15 minutes to cut them up and gives a healthy option to reach for when that impulse for convenient junk food comes in.

2. Call a Friend

Whether you are having a hard hour, day, or season, having a trusted friend or friends you can call is one of the fastest ways to turn it around.

3. Read

As much as we share our favourite business books this might be the time to pick up something else. Self-help or fiction books can take you away from being “on” all the time. If you are like me and have a hard time thinking about anything but work, these two genres will help you disconnect.

4. Go Outside

Nature bathing always works for me. But, to keep it short and sweet a walk around the block without my phone gives me time to breathe and jolts me back into productivity mode. Another favourite of mine is sitting on the patio with a cup of coffee or taking a few shots on the basketball hoop.

5. Meditate

Get away from electronics and find a quiet place to meditate. If you need your phone for a guided meditation set it to “do not disturb” and give yourself time to rest and reset.

6. Nap

My personal favourite and something I consider myself an expert in is power naps. When I was younger, I used to lie down and wait for my body to wake me up. This led to that confused wake-up where I didn’t know where I was or what time it was. Followed by the feeling of grogginess and not sleeping well at night, creating a cycle of naps, and not sleeping at night. When I started setting alarms, I found my perfect nap window of 13-16 minutes. I wake up feeling recharged and energized.

7. Journal

If your mind is circling with the same thoughts, get it out and onto paper. This has always helped me process my thoughts and change my mindset from problems to looking for solutions.

8. Exercise

I had a great exercise routine, then I had kids. It has taken me a long time to find a routine that works for this stage of life. Currently, it is 3 times a week after the kids go to bed and I am only at the gym for 30-50 minutes, but I am still seeing less stress and big body composition changes.

9. Deep Breathing

If you’re stressed and you know it take a breath. *Clap, clap* Slowing down your heart rate brings your body back to a calm state and away from anxious thoughts. This is another way of taking 15 minutes to slow down so when I get back to work, I am more productive than trying to force myself to battle through the stress.

10. Go For a Walk

This goes back to going outside as mentioned above but a big piece of removing yourself from work and resetting with some fresh air.

 

Conclusion:

As you can tell, most of these activities are meant to be a quick reset. By removing yourself from your current state or task and making a healthy choice for yourself will help clear your head. Allowing you to step back into work refreshed, recharged, and motivated. If you are facing a larger issue that can’t be resolved with a reset or break, find a trusted friend or counsellor to begin dealing with the bigger issue at hand. Being in business for yourself is rewarding but can lead to overwhelm, stress, burnout, anxiety, depression and/or trauma that can be avoided.

What is your plan of attack to prioritize your health? Write it down, share it with a friend and get started. But remember to give yourself time and grace to find what works for you.

 

Derek Burbidge
Manager of Sales & Marketing

Unlocking Efficiency: 11 Strategies to Reclaim One Hour Daily in 2024

Unlocking Efficiency: 11 Strategies to Reclaim One Hour Daily in 2024

Your time is a precious commodity as a business owner. Your team, tasks, projects, vendors, and clients are all vying for it. You can quickly become the bottleneck in every area turning your free time, family time and hobby time into work time. If you are falling behind, not sure how to get past this season and heading into burnout, discover 11 practical strategies to help you save a valuable hour each day, allowing you to focus on what truly matters.

Save a Hour a Day

Routines:

Having a tried and tested nighttime and morning routine is crucial to success. What worked in your 20’s won’t work in your 30’s, what worked in your 30’s won’t work in your 40’s. Keep tweaking the routine to fit each season.

1. A Tried and Tested Nighttime Routine

A productive day starts the night before. Having a nighttime routine will wind your body down before bed, relieve the stress of the day and prepare you well for tomorrow. Here is an example of a solid nighttime routine:

  • Nightly hygiene – Wash your face and brush your teeth.
  • Get into bed or a comfortable chair and journal to decompress the day.
  • Meditation or breathing exercises.
  • Read a book – Preferably one that is not work-related.
  • Lights out 7-8 hours before you must wake up.

 

2. A Tried and Tested Morning Routine

The habit of waking up and getting into your workday is tempting, especially if you are behind, causing a bottleneck or stressed. Starting your morning slow will help the rest of your day speed up. Here are a few ideas on how to start your morning:

  • First thing should be away from electronics. Whether that is meditation, breathing exercises or reading a self-help book. Start your day by getting your mind right.
  • Drink a glass of water or two. Before you have your coffee(s) start by hydrating, so you don’t get behind.
  • Work out, go for a walk or stretch. If you sit at a desk all day your body needs movement, this is another strategy to get ahead instead of trying to fit it in later in the day.
  • Eat a healthy, protein-packed meal and add a few pieces of fruit to fuel up.

 

Delegating:

3. Utilize Technology

Uncover the latest productivity tools and apps that can automate repetitive tasks, freeing up your schedule for strategic decision-making.

4. Strategic Delegation

Delegate tasks strategically to lighten your workload. Discover the art of assigning responsibilities based on individual strengths, fostering a more efficient and collaborative work environment. We saved a client 14 hours a month on their billing process because they asked us if there was a better way. An Online Business Manager created a process utilizing technology and handed off the work to a virtual Executive Assistant to manage. If they didn’t ask if there was a better way, they would still be doing the 14-hour process.

Other Time-Saving Ideas:

5. Cancel Meetings

Revamp your approach to meetings. Learn how to conduct concise, purpose-driven meetings that yield results without consuming unnecessary time. Our clients use their virtual EA as a Meeting Assistant. The EA schedules the meeting, prepares agendas, confirms the meeting with attendees, compiles notes during the meeting and sends to-dos afterwards. Imagine having a meeting where all you must do is review the agenda going in and attend the meeting, everything else is done for you. If you are finding your meetings are not needed, redundant or not a good use of time, utilize Loom to explain processes or tasks rather than spending 15-30 minutes in an unnecessary meeting.

6. Power Naps: Boosting Productivity, One Nap at a Time

Unleash the potential of power naps or short breaks to recharge your energy levels and enhance overall focus. We’ve heard “rules” where you should take a break for x number of minutes worked. The most common is 15-minute breaks for every 60 minutes worked but find your rhythm. If you find after 90 minutes you need a break, take a break, if it’s after 30 minutes of focused work, take a quick break. If you need a power nap after lunch, take one. It will take time to discover what amount of time works best for you but if you are putting in lazy minutes in your day, take a break to boost productivity.

7. Digital Detox

Strike a balance between digital connectivity and personal well-being. Implement strategies to detox from constant notifications, allowing you to reclaim significant pockets of time. If you need to install software like Shift to keep all your tabs, windows, notifications, emails, etc. in one place it is easier to shut off notifications. Whatever strategy you use, ensure you are not pulled away by constant email, phone, social media, and Slack dings. Having focused work time in your calendar helps with this.

8. Strategic Networking: Quality over Quantity

Optimize your networking efforts by focusing on quality connections. Learn to build meaningful relationships that bring long-term value to your business without the need for endless events. A lot of our clients take one day a week for networking. Whether it is back-to-back Zoom meetings, or they hunker down at a coffee shop for a few hours taking meetings, batch your networking together.

9. Efficient Email Management: Utilizing Inbox Zero

Transform your email management habits. Uncover techniques to streamline your inbox, reducing the time spent on sorting through emails and ensuring a more efficient communication flow. We’ve covered this in a separate blog post here and highly recommend you check it out. Inbox Zero alone can save you an hour or more each day.

10. Continuous Learning: The Accelerator of Success

Invest in your knowledge base for exponential growth. Explore methods to incorporate continuous learning into your routine, providing a competitive edge in your industry and discovering new processes, software or people who can help you speed up. This also helps you and your team if you are getting bored or finding work stale.

11. Reflect and Refine: The Power of Daily Review

Cap off your workday with a reflective review and create an agenda for your next day. Don’t carry the stress of your day into the evening. This strategy helps avoid burnout and prepares you for a stronger tomorrow, ensuring you start your day with a clear plan of action.

 

Conclusion: Reallocate that time purposefully

Incorporate these strategies into your daily routine to save you hours this year. Keep in mind these strategies and routines will always be changing depending on your season. If you are single, it will look different when you are married. If you have young kids, it will look different as they grow up. Allow every strategy and routine to be flexible while constantly assessing if you can do things differently.

 

Derek Burbidge
Manager of Sales & Marketing

How to Find and Hire a Virtual Executive Assistant in North America

How to Find and Hire a Virtual Executive Assistant in North America

Learn what a North-American-based executive assistant can do to help you scale your business

 

How awesome would it feel to take your to-do list from “overwhelming” to “complete”… and keep it that way?!

Manage Your Tasks More Effectively

VEA is a virtual Executive Assistant (EA) and bookkeeping company. We help business owners and executives free up their time so they can focus on what matters most – working on (not in) their companies!

You probably have a number of administrative tasks that are taking up too much of your time. VEA offers a solution that will help you focus on the most impactful tasks to grow your business while delegating other jobs to a trusted partner.

Administrative Tasks

In many cases, checking email, booking travel, managing expenses, and scheduling appointments is not the best use of your time. We call these items menial tasks, and offloading work to an executive assistant is a great step toward focusing solely on the biggest projects that help scale your business. 

 

When deciding what to hand off first to an EA, a good rule of thumb is to pass along the tasks that drain your energy, you don’t enjoy, and drain your time. 

For example, many of our clients have told us that they spend hours a day sifting through endless emails, many of which do not even provide valuable information. A skilled EA can help you achieve Inbox Zero, which is the idea that you spend less and less mental energy on managing your emails as your EA oversees that task for you. Can you imagine waking up one morning with no emails in your inbox? Miracles can happen.

What Tasks Can My Virtual EA Perform?

All of VEA’s EAs are highly experienced and possess a broad professional skill set. Here are a few of the top ways you can work with an EA to lighten your daily workload and refocus on the things that generate growth.
  • Email Management: Productivity and mental well-being improve when your inbox isn’t cluttered with hundreds of unread and un-categorized emails. Your EA will not only help you manage incoming emails but also establish filing protocols that will ensure you can stay on top of emails well into the future. Inbox Zero is possible with the right executive support. 

 

  • Document Processes: Make employee and customer onboarding a more successful and rewarding experience when you can easily share your tried and true business processes with stakeholders. Your EA can draw up detailed descriptions of how to execute processes and outline the exact steps needed to complete a task from start to finish.

 

  • Calendar Management: Ensure important meetings and deadlines don’t fall through the cracks. Your EA will manage appointment setting, reminders, and even help you get ready for appointments so you are always prepared and in control of your workday.

 

  • Travel Booking: Have you tried to change or cancel your travel arrangements in recent years? An experienced EA can effortlessly navigate the world of flights, hotel reservations, and rental car bookings. They also know all the tricks for transferring vouchers, using your points cards, altering itineraries – so you can be on your way without losing years of your life to on-hold music in meantime.

 

  • Vendor Management: If you run a business, or even head up a department within a larger organization, chances are you contract out for various vendor services on a regular basis. Your EA can communicate with vendors, track and place orders, and stay on top of contracts. There is a lot to do, and nobody should be expected to manage it all on their own.

 

  • Research: Similar to vendor management, an EA not only keeps tabs on all current vendors, but they can also help research and vet potential vendors, suppliers, product research options, software, etc. If you give your EA the parameters, they will be happy to find relevant options.

 

  • Data Entry: It may feel tedious to some, but accurate data entry is essential to knowing your customers and building valuable relationships. A good EA has an eagle-eye for precision, and fast typing fingers don’t hurt either, so your databases are always up-to-date and working for you.

 

  • Appointment Setting: How often do you set a meeting, only to have someone change or cancel it? Or, perhaps your unpredictable schedule oftentimes leads to scheduling gymnastics in order to accommodate you and the team? Rather than risk missing meetings or feeling frustrated over the amount of time you spend on rescheduling, let your EA take over this menial, yet critical, task, so you can be sure you are showing up to the right things at the right time, and not stuck in renegotiating times and schedules if something changes on the fly.

 

  • Transcribing: Yes, there are a host of tools and apps these days to turn audio into text. However, no technology is foolproof, and transcribed audio still requires some heavy editing in order to make it understandable. No surprise here that a good EA is happy to take on this transcribing challenge. Also, not all conversations can be perfectly recorded by a speaker. An EA can also transcribe what is said during key meetings or presentations so you have a long-lasting record of what was discussed, and when.

 

When is it Time to Hire an EA?

How do you know if you are ready to hire an Executive Assistant? Ask yourself – what is one hour of my time worth? Calculate your current hourly rate by dividing your salary by 48 weeks (assuming you take vacation) by 40 hours/week.

$125,000 / 48 weeks / 40 hour = $65 hourly rate

Or, calculate your intended future salary by dividing your desired salary by 48 weeks by 40 hours/week.

$250,000 / 48 weeks / 40 hour = $130 hourly rate

Once you have learned your business and you become profitable, start handing off tasks that drain your time and energy so you can focus on the highest-value jobs. If you are taking out a business loan or bringing on a VC, you can start to build your team and outsource faster.

 

 

Free up Your Time and Grow Your Business

VEA offers a range of executive services to support busy business owners. We find passionate, creative, experienced, and dedicated talent in many of the departments necessary to run a successful company. 

 

In addition, our staff is 100% North-American based. Whether you need a virtual Executive Assistant in Canada, a virtual Executive Assistant in Texas or anywhere else in North America, we will provide one for you. 

 

Our specialty is long-term partnerships that come at a fraction of the cost of traditional, in-house employees. There is only a 20-hour minimum requirement per month for our EA services and no minimum requirement for bookkeeping and fractional controller services. And, we’ll never ask you to sign a long-term contract. Set up is quick and easy, and your EA will become a vital part of your team in a short time frame.  

 

Contact VEA to learn more! Visit our EA services page to discover more about the many ways we can help you grow your business.

 

 

Derek Burbidge 

Manager of Sales & Marketing