Making the transition from employee to running a self employed business is a difficult one. As well as learning a host of new skills, you have to change the whole approach to the way you work.
Some Virtual Assistants tackle the logistics of this transition in completely different ways, all dictated by their personal circumstances. If yours is the only salary in the household, it’s unlikely you will be able to quit your full time job completely and launch yourself as a fully fledged VA immediately. As we’ve all discovered, clients don’t materialise out of thin air.
My own experience was governed by the necessity of earning a living. So I continued in full time employment, working at my VA practice in the evenings and at weekends. Once I began to win clients, I was able to reduce the number of days I worked at my ‘normal’ job and I was very lucky to have a cooperative employer. Not everyone is so fortunate.
I was also lucky in that I had another string to my bow, as a writer and photographer. It obviously helps enormously if you have multiple sources of income. Colleagues have branched out into the VA world from other related businesses, such as training and design; or by running their husband’s small business. They have an advantage in that they are used to the perils and advantages of self employment.
Other VAs managed by working for temp agencies, where the freedom from a long term contract and the ability to choose the amount of hours worked is ideal. This flexibility helps you build towards your real goal – that of a self sufficient, thriving business.
Others are already at home, perhaps as mums whose children are at school or about to leave school. Some are able to resurrect skills they once used in a previous career. They may still be coping with a family but perhaps have more flexible hours to offer from the beginning than someone who’s trying to juggle a job and a business. Mind you, the latter has the advantage of already being in the working world, knowing how businesses operate and is au fait with all the latest technology.
Handling the isolation can be tricky at first, especially if you’re used to working in a large office. Sitting at home in a spare bedroom can seem a very lonely place and not everyone’s temperament is suited to this. That is when the value of support organisations becomes apparent.
Such groups prove, especially to beginners, that there are an awful lot of people in exactly the same boat. This kind of support is incredibly useful and helps to convince newcomers that you can make a living as a Virtual Assistant. Learning from others who are successful can be a tremendous inspiration. Even if you are fairly experienced – no one knows it all. It’s a comforting feeling that, if you have a query or just need a virtual sounding board, there are like-minded colleagues who can help. You’ll come across people who’ve not only been there, done that, and bought the T-shirt, they’ve probably washed and ironed it as well!
Unless you’re lucky and business takes off very quickly, it can seem as if you’ll never make any money. It took me some time before I was able to break even and almost a year passed before I made any significant profit. There are no shortcuts and you will have to work hard for every single client.
It’s unlikely you’ll ever lose the worry of whether you’ll make enough money each month but such is the precarious nature of self employment. No one else will look after you. Suddenly you have all the responsibility of taxes, insurance, health and pensions to consider.
But persevere. For those determined to succeed, with the right professional attitude, there is a very satisfying living to made. There really is no substitute for being completely in charge of your own life. From the hours you work, to the clients you accept, to the place where you work. You decide everything.
Each week I choose what hours I will work – as long as my deadlines are met. I have the final say on whether I work mornings, afternoons or evenings. Some days I work all three, plus weekends as well! By contrast, if I have devoted long days to finish a project, I will often take a day off – even in the middle of the week; a decision completely of my choosing and I wouldn’t change it for anything. The feeling of being in total control of what you do and when you do it cannot be beaten. Once you’ve experienced that, I guarantee you’ll never want to go back to being employed.
Irene Boston is the Director of IB Secretarial Services (http://www.ibsecretarialservices.co.uk) along with subsidiary companies which specialise in Transcription and Editorial Services (http://www.ibtranscriptionservices.co.uk and http://www.ibeditorialservices.co.uk). She is a Co-Founder of the Alliance of UK Virtual Assistants which is a volunteer organisation committed to raising awareness of virtual working, and which provides a free online directory for both VAs and clients.
Tags: home based office, homeworking, self employed, small business start up, SOHO, virtual assistant
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