Hello there!
Whew! I cannot believe it is almost the end of week ONE in the year 2009! What a busy and exciting week. I managed to knock off 2 of the 6 business goals so far. I decided to treat myself to a waffle bowl of Bart's ic cream at Marble Slab Creamery. Yumm!!
Okay, so I look back at how I made my entrance into the virtual assistant (VA) world and I guess you could say I never really started the "right" way. I mean you are suppose to have a business plan in place, choose your niche, select a business structure, choose a business name, etc. Of course, I am totally not following steps 1, 2, 3, ...it is always better to go with the flow - make it fun and exciting along the way!
I was looking into difference forms of business structures that I have seen in the VA world - sole proprietorship and LLC. For me, I have chosen to be a sole propiertorship structure with sub-contractrors on an as-needed basis. I think this type of structure is the easiest to form and most inexpensive. It is just me and I operate my business, am personally liable for business debts, and report profits/losses on my personal income tax returns.
For those that want to take advantage of a partnership AND sole propriertorship, the limited liability company (LLC) would be a great fit. This structure's profits and losses can be passed through the company and members versus the individual owner. You will need to register with the Secretary of State you live in and pay fees to set it up, but in the long run - you will probaly save more on taxes with this structure!
To learn more about these business structures and more, contact your local Small Business Administration (SBA) office or here is an article that is useful to read - "What is the Best Legal Structure for my Small Business?"
Next time I see you, we will discuss the marketing version of a virtual assistant business - which I definitely need to work on. Take care and have a wonderful weekend!
Thursday, January 8, 2009
Tuesday, December 30, 2008
2009 Business Goals
Hi Everyone!
I hope everyone had a wonderful Christmas holidays and the new year is right around the corner! There are so many things that happened in 2008. I did not expect my clientale would increase as it did this year. I obtained great clients from freelance websites such as Elance, Guru, and Ki-Work. Most importantly, I have learned to useful time management skills as I continued graduate school, worked a full-time job, and managed my VA business in the evening.
As the year 2008 comes to an end, it's time to think about 2009. What are your business goals for the upcoming year? Since I started my VA practice part-time mid-July, here are a few to start off and hopefully I can add more as time goes by:
1. Commit to blogging at least twice a week
2. Open a separate business account for expenses/income, etc.
3. Apply for a business license
4. Obtain at least 2 new clients each quarter. (This is a tough one!)
5. Increase my referral team of VAs
6. Enjoy my business client relationships and most importantly - have fun in the VA business!!
Until next time...have a happy New Year and see you in 2009!!!
I hope everyone had a wonderful Christmas holidays and the new year is right around the corner! There are so many things that happened in 2008. I did not expect my clientale would increase as it did this year. I obtained great clients from freelance websites such as Elance, Guru, and Ki-Work. Most importantly, I have learned to useful time management skills as I continued graduate school, worked a full-time job, and managed my VA business in the evening.
As the year 2008 comes to an end, it's time to think about 2009. What are your business goals for the upcoming year? Since I started my VA practice part-time mid-July, here are a few to start off and hopefully I can add more as time goes by:
1. Commit to blogging at least twice a week
2. Open a separate business account for expenses/income, etc.
3. Apply for a business license
4. Obtain at least 2 new clients each quarter. (This is a tough one!)
5. Increase my referral team of VAs
6. Enjoy my business client relationships and most importantly - have fun in the VA business!!
Until next time...have a happy New Year and see you in 2009!!!
Wednesday, December 24, 2008
Happy Holidays!!
Hello everyone!
Whew! I know I haven't made that particular committment to blog on a weekly basis, but trust me - this is on my 2009 list of goals to achieve for the next year! As the year comes to a close, I am jotting down those items and will definitely let you know after the holidays and see if I can incorporate more ideas as time passes by.
Before I travel to visit family and friends, I want to say HAPPY HOLIDAYS to my clients, virtual assistant associates, and loyal friends I have made online through networking websites.
Whew! I know I haven't made that particular committment to blog on a weekly basis, but trust me - this is on my 2009 list of goals to achieve for the next year! As the year comes to a close, I am jotting down those items and will definitely let you know after the holidays and see if I can incorporate more ideas as time passes by.
Before I travel to visit family and friends, I want to say HAPPY HOLIDAYS to my clients, virtual assistant associates, and loyal friends I have made online through networking websites.
May the joy and happiness of the holiday season be yours throughout the coming year. I wish you the very best this holiday season and hope you have a happy New Year!
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