Can Not Hiring a Virtual Assistant Cost You Your Business?

Every business owner will need an assistant. Most will need more than one at some points. If you find your business growing and you have more tasks to do during the day than you have time, it is time to hire an assistant. Handing over the reins to some of your company over to an assistant can be hard, but necessary. Here are some ways that not hiring an assistant can cost you your business.

Keeping up with correspondence will be difficult

The first thing that you would want to put your virtual assistant in charge of is correspondence. Depending on your company, you will likely get correspondence all day from partners, customers, and those interested in your products for a number of reasons. You will not have time for a lot of back and forth, as this will take away from the rest of your work day.

No time to work on new ideas

If you are spending all of you time just keeping up with your current business,Virtual Assistant 55 there will be no time to work on new ideas. All companies must work on expansion and product development in order to adapt, grow, and keep up with the market. Allowing your VA to deal with the other day to day tasks will allow you to work on new ideas. Without having the time for new ideas, your business will likely decrease.

Difficult to keep up with orders

If you have to fulfill orders for a product or service, your time needs to be spend managing and overseeing your products details. The last thing that you want to have to worry about is paperwork organization, emails, and other slight details. Letting a virtual assistant handle this will keep them from worrying about the product or service, rather than minute detailing.

Small details will be forgotten

As the saying goes “the devil is in the details”. Forgetting the details of the things that you need to take care of can cost your business. By allowing a virtual assistant to take some workload, you can give your undivided attention to all the things that you should take care of.

You need some free time to avoid burn out

Most business owners think that they will be able to go on forever, as long as they love their company. The truth is that everyone needs a break. It is not a good idea to continue to work every day without a break. A break gives you the peace and renewal that you need to avoid burn out and possible get a fresh point of view.

No time for new skills development

The best thing that a business owner can continue to do is learn. The market, the latest products, and a host of other items are out there to learn in order to better yourself and your business. With no time to learn, you will slowly slip downwards and new entrepreneurs with greater understanding will rise up in the market.

Izaskun Larrea Manzarbeitia

1 in 5 unemployed persons in the EU found a job

Second quarter 2016 compared with first quarter 2016

1 in 5 unemployed persons in the EU found a job
 
Out of all persons in the European Union (EU) who were unemployed in the first quarter 2016, 63.2% (12.6 million persons) remained unemployed in the second quarter 2016, while 19.5% (3.9 million) moved into employment and 17.3% (3.5 million) towards economic inactivity. Economically inactive individuals are those neither employed nor unemployed. Examples are students, pensioners and housewives or -men, provided that they are not working at all and not available or looking for work either.
Of all those initially in employment, 97.3% (170.8 million persons) remained in employment, while 1.2% (2.0 million) of those employed in the first quarter 2016 were observed to be unemployed in the second quarter 2016, and 1.6% (2.7 million) transitioned into economic inactivity.
Of all those initially in economic inactivity, 93.3% (106.1 million persons) remained in inactivity, while 6.7% entered the labour market: 3.1% (3.6 million) of those inactive in the first quarter 2016 moved into employment in the second quarter 2016, and 3.6% (4.1 million) transitioned into unemployment. 
Today, Eurostat, the statistical office of the European Union, publishes quarterly labour market flows, based on non-seasonally adjusted labour market data from the European Union Labour Force Survey.  Transitions in labour market status in the EU*, Q1 2016-Q2 2016 (in millions; population aged 15-74)

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Geographical information Data for the European Union (EU) presented in this news release cover 26 out of the 28 Member States: Bulgaria, the Czech Republic, Denmark, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom. Data are not available for Belgium and Germany.  For Belgium, data are expected to become available from Q1 2017 onwards. For Germany, data are expected to become available from Q1 2019 onwards.
Methods and definitions In order to ensure comparability, data published by Eurostat are based on a harmonised methodology. This may result in small differences between these data and those published nationally. Data are derived from the EU-LFS by exploiting the quarterly overlap of a share of the sample; this overlapping data is weighted to be compatible with stock data derived from the EU-LFS for the initial quarter as well as the final quarter with the exception of inactivity in the initial quarter. Further information on the methodology is available in the Eurostat Statistics Explained article on labour market flow statistics. Employed persons are all persons who worked at least one hour for pay or profit during the reference week or were temporarily absent from such work. Unemployed persons are all persons who were not employed during the reference week, had actively sought work during the past four weeks, and were ready to begin working immediately or within two weeks. The inactive population consists of all persons who are classified neither as employed nor as unemployed. It can include in particular students, pensioners and housewives or -men, for example, provided that they are not working at all and not available or looking for work either; some of these may be of working-age.
Revisions and time table Data in this news release have a provisional nature and can be subject to revisions due to improvements and refinements in the methods used.
For more information Eurostat database on labour market statistics. Eurostat metadata on labour market transitions.  Eurostat Statistics Explained article on labour market flow statistics in the EU.

Izaskun Larrea Manzarbetia