Virtual Assistant Small Business Idea

Small Business Idea

By , Guide

The Pros and Cons of Starting a Virtual Assistant Business

A virtual assistant is a business owner who supports other small business owners or entrepreneurs in a variety of industries by providing administrative, creative and/or technical services.

The Pros

Some of the reasons you might want to start a virtual assistant business include:

  • Your business can be entirely home-based.
  • Startup costs are minimal, especially if you already have a home office set up.
  • You can provide general business support services, or specialize in a specific area such as real estate, social media, Internet marketing, etc.
  • You can create a business with flexible work hours.
  • There are hundreds of high-quality resources online to advance your skills, knowledge and experience.
  • You get to use exciting and fun software and tools every day.
  • You can grow your business to the point where you outsource extra work to subcontractors.
  • There is no specific education, training or certifications required to become a virtual assistant.
  • You can provide ongoing services for your clients and create long-term relationships.

The Cons

Some of the potential challenges of starting a virtual assistant business include:

  • It can be difficult to get clients when you first start your business.
  • You may find that you’re competing with offshore support people who charge a very low hourly rate.
  • As the industry grows, so does your competition.
  • It can be difficult to identify the right rate to charge.
  • You have to be willing to continuously keep up with technology and expand your knowledge.
  • You have to be careful to maintain independent contractors status as defined by the IRS.
  • You may find it challenging to work with clients who are used to hiring employees instead of delegating to another business owner.
  • Your work could be high-stress and deadline-driven.
  • You may need liability insurance, depending on the services you offer.

Recommended Resources

About rianstefan

My practical approach based on experience is to create a website for real Internet users, not for search engine spiders.
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3 Responses to Virtual Assistant Small Business Idea

  1. Pingback: 4 Steps to Getting Your Way When You Complain « businessroot

  2. Pingback: 5 Essentials of Small Business Investing « businessroot

  3. Pingback: Do You Really Need a Virtual Assistant? | businessroot

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