Virtual Business Plan

Virtual Business Plan-4
Prepare a business plan and review it often to manage growth and change.9.

Prepare a business plan and review it often to manage growth and change.9.Examine your equipment, software and work space to ensure they meet client needs.10.Virtual assistants are independent entrepreneurs who work remotely and use technology to deliver services to clients globally.

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Allen-Parker and Braue are just two of an estimated 2,000 virtual assistants worldwide.

Although one is a veteran and the other a newbie, both say hard work is the key to building sustainable practices.

This business model is defined using several criteria; the company has a limited number of employees; the management has competence for product and business development; the company has financial resources to perform or has the ambition to find such financial resources; the company has a defined plan for the use of the financial resources; the majority of the operations are performed at organizations (called External Resources Provider) outside the virtual company; the ownership of the created value (e.g.

technical results, patents) developed by the external resources providers belongs to the virtual company.

"Enthusiasm for your work propels you to rise early, work weird hours, and can even make you feel a tinge of guilt for getting paid for doing something you enjoy so much," says Nicolaides.

Wouldn't we all like to have such a guilty pleasure?Working full time in a law office was no longer feasible so Braue decided to take control of her earnings potential.The paralegal enrolled in an online training course at Virtual Assistance U.When Wicked Wordcraft president Angela Allen-Parker started her online business in 1999, she admits her parents feared she'd made a horrible mistake.Allen-Parker is a virtual assistant, and her decision to become one was more than a career change - it was a lifestyle change.Although many virtual assistants offer secretarial services, as more people with diverse backgrounds and skills enter the ranks, virtual assistants who specialize in such areas as marketing, graphic and Web design, IT support or even translations are becoming more common.Clients are most likely to hire virtual assistants to save money-virtual assistants pay for their own equipment, taxes, training, healthcare and insurance-or because they need help with a temporary project.Industries most often hiring virtual assistants include the real estate, coaching, financial services, accounting and legal.If you're wondering how to start a business as a virtual assistant, Elite Office Support founder Susan Totman offers these tips:1.Both also agree that aligning experience with solid business plans and training are basic requirements.Some say the virtual assistant industry has become so popular because it helps women become entrepreneurs yet also achieve a work/life balance.


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