entrepreneur characteristics Archives - Rafi Chowdhury

25 Reasons Why You Should Become an Entrepreneur

Rafi Chowdhury — Tue, 15 Sep 2020 01:50:14 +0000

Have you ever wondered about the whole wide world of entrepreneurship? Do you think it may be for you? If you are among those who are still debating whether entrepreneurship is for them or not, here is a list of 25 reasons you should consider when making your decision. These reasons come from my personal experience, as well as those entrepreneurs whom I follow. While some of these reasons may not directly apply to you or matter to you, they are still very important points worth considering.

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1. You can truly express your creativity.

2. You have an unlimited earning potential.

3. You are your own boss.

4. You will pick up unique people skills in the process that you could never pick up by working for someone.

5. You don’t risk getting fired suddenly.

6. You are building your own dreams instead of helping someone build theirs.

7. You pay less in taxes because you are able to write off expenses as business expenses.

8. Its cool and sexy!

9. You will forever leave behind an unique legacy which can be imitated but never duplicated.

10. If you ever look for employment in the future, your chances will forever be far higher than others( particularly, if you have been successful as an entrepreneur).

11. It is probably on of the best ways to network with others and put yourself out there.

12. It will open doors for you and open up possibilities for you that would otherwise be closed.

13. You can set your own work schedules.

14. You create value for the society, create jobs, and also help the economy by competing against the major corporations.

15. Your life is always an exciting journey filled with new challenges and potentials.

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16. It requires a mindset and skill sets envied by many.

17. As an entrepreneur, you have a much higher chance of attracting attention from the media and even becoming famous.

18. You constantly make new mistakes and can use those as learning opportunities.

19. If you love what you do, you will never work a day in your life. So, the best way to love what you do is by doing what you love, and that typically happens with entrepreneurs.

20. The only real way to become very rich is by starting your own business.

21. You begin to move away from paycheck and toward passion, which is far more rewarding.

22. You will be able to prove your determination to others and they will really respect you for it.

23. By becoming an entrepreneur you establish your personal brand which is not possible otherwise.

24. You create value by solving a problem in society and may be remembered well after your death for your contribution.

25. You create a novel and exciting story for yourself to be told to others for inspiration.

Did these 25 reasons still not convince you to pursue entrepreneurship as a career path? Well, perhaps, this video will do the trick! If kids still in their single digit age can do it, why couldn’t you?

The post 25 Reasons Why You Should Become an Entrepreneur appeared first on Rafi Chowdhury.

How An Entrepreneur Changed The Future For Small Business Owners!

Rafi Chowdhury — Fri, 08 Dec 2017 04:24:23 +0000

As an entrepreneur, it’s your basic instinct to go out of your way to find and achieve things for your success. This not only gives you, but others around you a first-hand experience and motivation for possibilities.

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A business, whether big or small is unpredictable. Things keep changing and evolving, and if something works for you, doesn’t mean it will work for others too.

If you’re a small business owner who’s looking to expand operations but don’t have the necessary skills or knowledge yet, you should consider furthering your education, maybe with an online mba program, so that you are better equipped with the tools and know-how in running your business. Maybe then, you’ll be better prepared should you choose to expand your business’ market.‌

Ofir Yariv, is one such admirable entrepreneur, who thought about starting his own business, and how he can sustain it with a very small capital. It was hard, opportunities failed, nothing was good. But, he didn’t lose hope.

He kept on moving. He planned, organized

He kept on moving. He planned, organized, and with a small magnitude, made fortune to knock at his doorsteps. He constantly measured his business performance, so he could identify what’s successful and what isn’t. There were no easy-doing routes involved. What with little finances, he was still able to get himself recognized.

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He says,” It was me alone, I didn’t want to lose hope. I wanted to do it, not only for me, but for others around me too. And, that was what made me reform everything.”

By reforming, he was able to shape something that all of you can use. If, you are a small business owner, and want to understand the basics for ultimate success, you have to change the small things that count in the long run.

An entrepreneurial journey is always going to be a work-in-progress, and you’re never going to have a finish or end sign. So, when I asked Ofir, what is he doing now and how is that going to benefit the small business owners, he gave me an exclusive update on getting teamed-up with Infusionsoft.

He is a certified partner, and is able to expand education and training services by joining a community, which is ready to focus and help. Ofir happily quoted Underground Sellers LLC, as his success story.

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He says, that, “As an Infusionsoft Certified Partner, Underground Sellers LLC, Is able to reach new levels of success, which makes me proud.”

His commitment is to help small businesses to create an online presence and grow sales. He further has got spot-on management training to assist in after-sales for their clients.

So, when I asked him about the perfect business management plan, he just laughed, saying,” Rafi, I already got that covered. I want to make sure that the process is better understood, and everything is automated.”

In this way, small business owners are able to avoid missing small details and have a point of sale or after-sale process in automation.

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According to Ofir, “Infusionsoft’s Certified Partner Program provides powerful solutions for small businesses to grow within their domain.”

These are small but significant things, such as:

Web development
Copywriting
Marketing consultation
professional services

This influential combination has allowed Infusionsoft and its partners to be dominant forces in the small business success association.

Ofir pleasantly says, that, “Underground Sellers LLC, has endured an intensive training program at Infusionsoft’s HQs and qualified very difficult prerequisite standards to turn out to be certified.”

He also quoted Andy Simmons, VP of Global Partner Programs at Infusionsoft. And, further added Andy’s statement, that, “We don’t certify just anyone who wants to join our community, Certified Partners meet our exceedingly high standards to ensure our small business customers are working with only the best.”

And, with all this, they congratulate and proudly welcome Underground Sellers LLC, into their thriving community of Infusionsoft Certified Partners. Together, they are helping more small businesses, every day to achieve new levels of success.

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Ofir further says, that, “if you want to learn more about how the Underground Sellers LLC, and Infusionsoft are helping small businesses like yours, do check their eBook, The Ultimate Guide for Maximizing the Value of Leads.”

Though, Ofir understands the concept of success and failure. But, he is prepared to gauge his achievements and small business milestones.

He knows that money needs to be generated, or you can’t run your business smoothly. And, not everybody you meet is going to come and help you. So, he wants to be remembered as one of those, who stood out to help. He wants to be a mentor, not only with words, but actions too!

He likes to talk a lot about Richard Branson. And, his way of handling things is also somewhat like his ideal.

He says, “I know people out there want to do something. Everyone has got some brilliant ideas. I want to see that they do make it to their dreams. It’s difficult, but not impossible. And, I want to show them the “how part”, and succeed.”

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Ofir, says, that, “One important feature for small business success is the “customer satisfaction”, if, your customers aren’t satisfied after purchasing from your company, they almost certainly won’t do it again. This is something I want to make sure to teach and explain to all.”

“According to a recent research, 55% of small business owners are happy with being a small business owner only, “he says.

Ofir quotes, that, “you might not think about it, but evaluating your own contentment is influential when assessing your business achievements.”

And, this encourages an all-around success, not only for you, but for others too,” says Yariv.

The post How An Entrepreneur Changed The Future For Small Business Owners! appeared first on Rafi Chowdhury.

Signs your business is falling apart: Life Of An Entrepreneur

Rafi Chowdhury — Mon, 20 Nov 2017 16:40:29 +0000

You never realize when your business falls apart without even letting you know about it. The truth is, it lets you know, but it is just that you don’t notice the signs.

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The Life Of An Entrepreneur

It is not easy to be an entrepreneur; there are so many things that you have to consider about your business that you have no time to spend with your loved ones or socialize. Even when you are out for dinner parties, they are for the sake of maintaining your professional relationships with your partners, competitors or employees.

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If you are a busy entrepreneur, you may not have enough time to work on that school essay that you have been assigned with. The only thing that you can do is buy UK essay so that you can focus on both, your business as well as your school. There is no chance for you to focus on your assignment when your business is giving negative signs to you and you are looking at it shattering right in front of your eyes. If you want to know about the signs that your business shows before falling apart, keep reading.

Your business is shattering when…

People are not watching your advertisements anymore: If people have suddenly stopped showing interest in the advertisements and promotional campaigns of your products or services, it is time for you to take the sign very seriously. People are neither sending positive comments nor the negative ones to you: It is okay to receive negative comments because they help you realize what people want from your end.

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If they complain about a specific feature, you can always improve and make your honed product work in the market. You are unable to pay the bills of your company: How difficult is it for you to pay the minor bills of your organization? If you have started paying bills from your pockets and not by the funds in the account of your business, your organization is surely in trouble.

You are unable to pay fairly to the employees in your organization: Paying unfairly to the employees is wrong and if you are doing so, no one is going to work for you for a longer time. You are unable to retain good employees:

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Have your best team members suddenly started submitting their resignation letters to you? If yes, ask them about what is making them uncomfortable and the falling business might be one of the reasons. There are major clashes going on between the team members and the team leaders: If your employees are not happy and are not paying a heed to the management of your organization, your business is not creating the right impact on their minds.

Prepare for the worse when…

Your company is unable to hire more employees because of fund crunch:

It is okay if some of your employees are leaving the company, but are you able to fill their chairs by substitutes or other full-time employees? If you don’t have enough funds to hire them, check where your business is going.

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7 Traits of A Successful Business Leader

Your business doesn’t have a clear goal: If your business is going haywire, it is moving in the wrong direction. A visionless and aimless business never works in the long run. Your marketing strategies are failing drastically: Marketing strategies are the backbone of any business. Stronger your marketing tactics, better is your business. You are unhappy with your business, even though it was once your

Dream project

Your instincts are never wrong. If you are not happy with the way your business is going in the market, you may want to leave it all by yourself.

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Your business is not going to work if…

Your employees are not supportive
You don’t have enough funds
You are not interested in making your business work
You are being too negative about your business

Conclusion

Every business requires a proper vision, a good team, and an excellent manager or leader. You as an entrepreneur can’t do everything on your own.

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Even if a single thing in your organization is not working as expected, there are chances for your business to fall drastically and never get up again. You have to understand that every employee in your organization is important; every single marketing strategy that you develop has to work in the long run; every single effort that you put into your business should never go wasted.

The post Signs your business is falling apart: Life Of An Entrepreneur appeared first on Rafi Chowdhury.

Sleep and the Entrepreneur Your Way To Success

Rafi Chowdhury — Tue, 15 Aug 2017 06:38:56 +0000

The entrepreneur isn’t a typical person who is satisfied with taking the easy way out. We don’t settle for something that takes little effort and hands out even smaller gains.

Entrepreneurs face things head on, no matter the task, and do so with confidence and discipline. This is why sleep is every bit as important to the entrepreneur as it to the folks that don’t fall into this lifestyle. In fact, I’d wager it means a little bit more to the entrepreneur.

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To be a successful entrepreneur you need to be brave, open minded, competitive, a self-starter, creative, and determined. There are so many traits required for success in the entrepreneur’s life it can all get exhausting if you don’t treat your body right. Just as eight 8-ounce glasses of water a day are important for a healthy life so is a good eight hours of sleep at night.

Eight hours!?! I know. How do you get anything done if you sleep eight hours? You can sleep when your dead! I’ve heard it all before. The truth is, if you aren’t getting a good amount of rest you won’t last very long.

Less pain

As an entrepreneur, you most likely hit the gym or workout with the same fierceness that you do your work. Whether you ride a mountain bike, swim, or lift weights, working out can take a toll on your body. If you aren’t getting the adequate amount of sleep then your body isn’t getting the time it needs to rest from these types of activities.

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Do you suffer from back pain? Most of us do at some time in our lives. Be it from lifting weights or sitting in a chair all day, back pains are a nuisance. If that’s the case, you might want to get a good mattress for back pain because that type of ailment can slow you down and entrepreneurs need to be ready to go at all times.

Boost your memory

An important tool for the entrepreneur is their mind. There are meetings to remember, proposals to be made, in fact, there are so many tasks required of an entrepreneur remembering all that needs to be done is an undertaking all its own. When you are sleeping, your mind gets the rest it needs to function well the next day and it processes the day’s activities as if practicing, which is a “process called consolidation”.

So not only will you remember what you need, the lessons you learned that day when awake will be embedded into your psyche while you sleep.

Creativity

Creativity is imperative to be a successful entrepreneur. In fact, a good deal of professionals and entrepreneurs who have achieved their goals would say that creativity is the most important trait of an aspiring business person. This is because creativity plays an important role in so many areas of your endeavor.

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If you are just starting out, odds are, you are wearing many hats. One day you are thinking of branding, a logo, and marketing strategies, while the next you need to consider sales and customer satisfaction. The entrepreneur does it all and needs to be crafty at every turn.

Sleep sparks a rise…

…in creativity that is. Studies at Harvard University and Boston College showed results that the parts of our brains that control emotion get stronger when sleeping, and this is thought to help in rising one’s ingenuity. Also, while you sleep, your brain continues to shuffle your memories and reconstruct them, which researchers felt can also help with creativity. In case you have back pain issue then make sure you get yourself safest mattress for back pain.

Performance improves

As a rising star, an entrepreneur also needs to have stamina. Late nights will be spent working and days will be spent running around town. Just as athletes need sleep to better their performance, I see no reason why this wouldn’t help the entrepreneur.

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College football players who were instructed to sleep at least ten hours at night showed improvements and resulted in a rise in stamina. Of course, I realize sleeping ten hours every night would cut into a great deal of time that could be spent working on your projects and deadlines, but a healthy eight hours will suffice.

Focus your attention

A study published in Pediatrics in 2009 showed that children who do not get the recommended eight hours of sleep a night were more often distracted. Some professionals attribute ADHD to poor sleep. Of course, we are not children and should be able to get by with a great deal of coffee. Right?

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On the contrary, it is just as important for us to get those eight hours in because where the child gets hyperactive when sleep deprived an adult will tend to get sluggish. Sleepy does not equal success.

Lessen stress

Finally, stress is part of the entrepreneur lifestyle. It’s a given we will feel the crunch of deadlines and the pressure of proposals and stress will come with it all. A good night’s sleep has been proven to lower stress levels to the point of cardiovascular improvement.

We all want to succeed and we will, but not by burning both ends of the candle. Get the sleep you need to succeed.

The post Sleep and the Entrepreneur Your Way To Success appeared first on Rafi Chowdhury.

Taking Entrepreneurship to another Level with virtual Assistants

Rafi Chowdhury — Sat, 05 Nov 2016 09:49:42 +0000

Lo and Behold! The Virtual Assistants is Here

Virtual assistants or VAs are no more a thing of remote imagination. A lot many people who are successful or paving their way to success are operating smoothly through VAs. So, there are a lot many people who do know about them, and are managing work quite well with them. But well, there are also those who do not know what exactly these virtual assistants do and what they can actually help one with.

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So, What are Virtual Assistants You Say?

The term, my friend, is more than self explanatory. These are assistants that can provide you with total support in your work remotely. The list of the services they provide is endless for they can assist you in any work that doesn’t require them to be physically present at your office.

Basically, they are not your employees but they still work for you. Isn’t that great? They are self-employed professionals that specialize in certain technical, creative, administrative or clerical areas. And, these areas can be as varied as you can think of. So, they work for you remotely; from their own office, or from their couch, (or from their bed; it doesn’t really matter) whichever corner of the world that may be in.

But what’s the point? Can’t you just employ full-time staff?

The point is that you save a world of employee-related tax and obligation, insurance benefits, gratuities and all that jazz. The only expense you make is in the form of the VA’s fees (including the indirect expenses). The work is assessed online and the client pays for what they get. Even better news is that there are multi-VA firms that can assist you in multiple jobs.

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If you ask for my opinion, I think that hiring virtual assistants works much better than hiring full-time employees who have a strong tendency of job-hopping. I am a growth hacker myself, and I rely considerably on virtual assistants for managing a lot of my stuff. And well, this is also how I escape from the grind of a 9-5 job.

But yes, certain time and effort will go into training your Virtual assistants, about which we shall discuss shortly.

Adding a Virtual Assistants to Your Workforce

So, how do you find a VA? The easiest way – there are websites, businesses, firms that deal exclusively in VA services. Medical, legal, secretarial, administrative, technical, marketing – just name it, and you are likely to find one that is fit for doing your job. But hey, you can also pick up from freelancers that you may have been working with in the past. This will free you from the fear of not getting quality work.

Nevertheless, here is where you will have to do some planning. The biggest mistake that you are most likely to commit here is that of miscommunication, which, in turn, can lead to goof-ups. Also, you need to chalk out if there is a need for different VA’s to communicate among themselves.

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If the work demands that, you must give them a common platform to do so. And, here is where platforms like Skype, Dropbox, Google Drive, etc., will come in handy. Believe me, you will not feel like they are situated remotely. If you fail in making that coordination possible, the result may be either incongruous or duplicate work.

How to Establish Communication the Right Way?

This is the part on which the entire concept of virtual assistance depends. Improper communication will ensure that the entire system falls apart. So, the key to efficient VA arrangement is effective communication.

The good news is that it doesn’t have to be just phone calls as the case would have been 30 years ago. What you have at your disposal is the almighty Internet, and that is what you must make ample use of.

So, setting up a virtual workspace is imperative for communicating effectively with your Virtual assistants. No matter what kind of business you are in, all you need is a computer, or a smart phone, a stable Internet connection, a set of earphones and microphone, and there you go – all set for communicating in the most effective manner for virtual assistance.

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Here are the three ways through which you can make your virtual assistance communication network:

Using Email

This is one of the most basic yet one of the most formally documented way of communication. It is best for assigning and submission of work as well as documents because of its durability.

I recommend that you set up an entirely different email id for all communication related to work. Communication on your personal id may at times cause confusion for your own self. So, making a separate official email id is the ideal thing. And, here is what you do next:

Label the emails appropriately, for e.g. Instructions, Feedback, Corrections, etc.
Follow a particular pattern for naming files – one that should be understood by both the parties. For e.g. – ANALYSIS REPORT_241016_RAFI CHOWDHURY
If it works for you, do mention the day and date in the email. That makes easy reference.

Chat Client

No matter how well-documented your emails are, chats will always be your backup. Yes, email can, at times, become a slow mode of communication. So it is important that you have a mode of real-time communication. To be honest, real-time communication is the essence of virtual work environment.

One thing – always have an efficient chat client that is easy to access and use both by you and your VA.
Second thing – always have a back-up chat client, just in case.
A handy tip – make a list before you go on to discuss things on chat. Most of us have the tendency to lose track of other important things while we discuss one. So when you have that list, you can make the most of that chat.
Skype works very well for me with voice chat, web cam chat and more features like screen sharing. It is reliable and easy to use as well.

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Using Voice and Web Cam Chat

Phone calling is often not an option when it comes to virtual assistance. So, keeping that respect for privacy, voice chat is an option that you must keep. When things are not explicable on text chat, you will surely feel the need for a voice chat. Also web cam chat comes in pretty handy at times depending on the nature of the job.

Here are some of the things that you must keep in mind to make this sort of communication effective.

Make sure that the VA is equipped with the mode that is needed for VoIP.
Allow your VA to make calls directly whenever he or she wants to. This will help them clear doubts and queries as they arise, thus keeping miscommunication and misunderstanding at bay.
A very good way to take a perfect round-up of all that has been discussed during the conversation is to ask your VA for a summarized transcript of the chat that you just had.

Given the juncture we are at, as far as technology goes, there is hardly any additional cost that goes into setting such kind of communication.

Get, Set, Go! Oh Wait! Training First

Yes, it goes without saying that you will have to train your VAs before you are all ready to go. Even if you hire an aptly experienced professional as your VA, you will still have to acquaint them to your working style, especially in case you use a technique or a tool that they are not familiar with.

So, I believe that a certain amount of training is a must.

Here is a model of training and teaching that works wonders. It is called the TIM model or the Technology Integration Method. This is a model that teachers use technology to improve the learning process of the K-12 students (students from kindergarten, 1^st through 12^th grade). But, I find it to be quite instrumental in understanding how with the use of technology you can train someone more efficiently than ever.

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So, what we’ll do here is briefly learn what this model is about. It is divided into stages that are as follow:

I. The Entry Level

So, this is the first level where you deliver the curriculum to the learner. In other words you tell what is to be done and how. An example is taken and the drill-and-practice approach is followed. The learner will simply see how things are done but no access to the technology is given yet.

II. The Adoption Level

Here you take a call as to which tool you shall adopt for what exercise. So, at a time your VA gets exposure to just one type of tool that involves step by step understanding.

III. The Adaptation Level

Here you will incorporate the tool or that technology as the integral part of the task that you assign to the VA. While you still make the decision about which tool needs to be used, you do give the Virtual assistants your guidance in using it independently. This level is a notch above the Adoption level because the level of familiarity and understanding that the learner gains is much higher.

This practice gives them the confidence to work without constant procedural instruction.

IV. The Infusion Level

At this point you introduce and blend a range of tools and technology into your instruction and exercise. The technology is available to the VAs is in the magnitude that is required by them. This is the level where they have gained the ability to make informed decisions regarding what tool is to be used in which situation. So, this is a particularly experienced stage, though you still continue guiding on a broad level.

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V. The Transformation Level

At this level your VA will have attained the ability to use the methodology for tools and technology in a flexible manner. The outcomes are very much as desired, and the learner displays a conceptual understanding as well as good skill in practical usage of a tool or a technique. Now is the time when the VAs must be encouraged to use it in their own innovative way in order to deliver best outcomes.

You are now there to guide them if they go wrong, or if they face a bottleneck situation.

VI. The Active Level

Here you must make a distinction between the tasks that need your Virtual assistants to be passive and those which give them a chance to use the technology that they have learned and do more. This step makes your Virtual assistants actively engaged and able to deliver results.

VAs – The Key to Automating Any Kind of Business

I say a lot of good things about my VAs and VAs in general. But that is not because I am a growth hacker and so my work can be done through virtual assistance. The truth is that it has the potential to automate any kind of business, and I too have immensely benefitted from it. Whether you are a marketer, a corporate person, a store owner, a manufacturer, or any kind of entrepreneur under the sun, virtual assistance can make things easier, more professional and specialized.

Suppose you are a into logistics, there is all possibility to make your business automated with specialized services from a score of VAs – a developer who makes your website and business process digitized; an accountant who manages all the inflow, outflow, cash and credit; an administrator who makes sure that the processes are moving smoothly. You actually do not have to do it yourself, because for an entrepreneur, it is impossible to juggle with all these things and still be successful.

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So, a reliable virtual assistants or a team can be the best answer to your struggles.

And yes, it leaves you with the much needed time for your personal life.

It doesn’t Cost You a Fortune

Right! You read it absolutely right.

Hiring a Virtual assistant or even a team is much cheaper than hiring full-time employees. Full-timers with expertise are, first, hard to find; second too much to afford on a monthly basis. The great thing about VAs is that you can find them with firms that specialize in such services, and you can pay them as per convenience – hourly, weekly, monthly, per project. Plus, as stated before you are exempted from paying insurance, benefits and expenses like those.

Really, it is that simple!

As for the cost that goes in setting up a virtual workplace is minimal. All you need is computer or a smart phone, which you, most probably, already have, and a stable internet connection. If you need some special technology that aids in your communication and business, that would be an investment that you need to make. But chances are that you have all this whether or not you are looking forward to virtual assistance.

There is more to life than just getting ground in the gyres of 9-5 work clock. Believe me when I say this, Virtual Assistant can help you there.

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