What is your worth? It can be hard to quantify what we are worth – to put a price on our time – but when you run your own business knowing what your time is worth matters.

In a salaried role, employees have a clear idea of what they earn per hour – and the tasks that fall within their remit.

Working for yourself or running a small business can blur the lines of the idea of an hourly rate, not least when you no doubt spend hours catching up on admin tasks in the evenings and at weekends.

But you really should place a value on your time to help you to run your business more efficiently and to carve back time for yourself that will allow you to recharge and return to work refreshed every day.

Cost put your time to maximise return

In particular costing out your time is a good way to maximise your input to realise the maximum return for your efforts. If you are a freelance house surveyor, self-employed electrician or marketing consultant surely your time will be better spent putting your specialist skills to use than carrying out time-consuming administrative tasks.

Although a necessary task and integral to gaining new customers and, of course, getting paid, administrative tasks can essentially be unpaid and do not bring fresh revenue into your business.

Rather than spending hours completing administrative work you could instead actively be earning money, which makes outsourcing this type of work to a virtual PA the ideal solution.

A virtual PA can take a on a wide range of administrative tasks including:

• Book keeping
• Database management
• Proofreading
• Invoice and credit control
• Diary management

Good administration organisation is essential in a well-run business and cannot be ignored. It can, however, be outsourced.

Outsource admin to a virtual PA

If completing the administrative tasks in your business is becoming an increasing burden, take some time to consider the impact doing this has on actively bringing in money through your product or service.

Outsourcing admin work to a virtual PA at a lower rate than you would pay yourself is a sensible business move that will free up your time and help to increase your income.

Cost out your time and find out of outsourcing your admin to a virtual PA could help your business.

Get in touch to find out how New Dawn PA could help with your company’s admin.