Recession on the Horizon? Fight Back with Virtual Assistance from Admin and More Ltd!
Seems like wherever you turn these days, there's talk of an impending recession. An article by KPMG, which surveyed 356 CEOs globally, concludes that given the current global economic conditions we will fall into recession at some point.
Quite the predicament! So, what's the plan? Where should one turn? How about considering Virtual Assistance and Virtual Staffing? The good news is, unlike recessions in the past, we now have tools at our disposal to help businesses navigate through these tough times. Back in the olden days, a recession spelt doom for many businesses, but nowadays, it doesn't have to be that way!
For quite some time, companies have been embracing the idea of hiring Virtual Assistants through Virtual Staffing Agencies to save on expenses like payroll and the costs of physical office spaces. Perhaps now is the time for your company to give remote work a shot before the crunch hits. This way, you'll be prepared, and your business will be resilient in the face of what's to come. Even in a robust economy, trimming costs can significantly bolster your company's bottom line.
So, what occurs during a recession?
Typically, companies may resort to layoffs and job cuts to cut costs related to salaries and physical infrastructure, including computers, office furniture, utilities, phone bills, and more. I won't deny that some of these actions are essential for survival during a recession. But even in trying times, businesses still require services. We need customer service representatives, receptionists, data entry operators, appointment setters, and various other roles. The question is, how can we combat a recession, ensure these essential tasks are carried out, and continue expanding our businesses?
How exactly can a virtual assistant and virtual staffing assist me in safeguarding my business during a recession? Saving is just one part of the equation—what about growth?
Imagine a business landscape where you can do away with the hefty costs of maintaining office spaces. Picture skipping the daily commute and the expensive fuel bills. Consider not having to purchase a slew of costly office equipment for every employee. Envision keeping your children at home and sidestepping childcare expenses. Think about avoiding payments for HMRC, employee income tax, and health insurance. And best of all, imagine escaping the headaches of dealing with employee dynamics while your workforce appreciates the work they do.
Sounds like utopia, doesn't it?
Well, it's more than just a fantasy; it's the reality of hiring Virtual Assistants. Here's what unfolds when you enlist the help of a Virtual Assistant through a virtual staffing agency:
When you make the call to discuss your requirements, you're greeted promptly and courteously.
You engage in a conversation about the tasks that need completion and your company's needs with a skilled staffing consultant eager to grasp the ins and outs of your business.
Once you give the green light, the consultant scours the agency's Virtual Assistant database to find the perfect fit for your needs.
The Virtual Assistant is assigned to carry out the tasks for your business.
You immediately begin collaborating with the Virtual Assistant one-on-one.
They provide you with daily updates on their progress and gratefully acknowledge the work you've provided.
They log their work hours only when actively working on your tasks—no need to pay for idle time while she waits in your physical office.
They remain available throughout the day and week but only bill you when they work on assigned tasks.
You receive a single invoice covering all the assistance you require, whether it's from one or multiple Virtual Assistants.
And don't forget, since the Virtual Assistant operates as an independent contractor, you're not responsible for health insurance, holiday pay, sick leave, office space, computers, desks, or even lunch breaks.
You mentioned growth. So, what about it? It's quite straightforward. What's the most critical resource lacking for most businesses during a recession? Cash. Good ol' cash. If you're cutting back on office expenses and trimming your payroll to essential personnel, what should you have more of? Cash! And what does having a healthy cash flow enable a business to do? Expand! Increase marketing efforts, boost sales, and grow the business!
Outsourcing to a Virtual Assistant is a strategic move that can hugely benefit your business. By delegating non-essential tasks to capable professionals, you can focus on your core responsibilities, reduce costs, enjoy flexibility, and access specialised skills. At Admin and More Ltd, we maintain a team of 8 full and part-time staff members and 6 VA Associates so we can match the right assistant for you. If looking for low-cost and low-risk support for your business, please get in touch with us for a 1-2-1 consultation.
