Have you been on the fence about whether now is the right time to hire a VBM (virtual business manager)? It’s a question we’re asked a lot in discovery calls, “do I need a virtual assistant or a VBM?” So you’re definitely not alone!
We always answer the while every business will benefit from a VB, not every business is ready to hire a VBM.
Here’s five signs that you and your business are ready for, and will benefit from, a virtual business manager.
Hire a VBM when ...
Your business is growing while your free-time is shrinking.
You started your business to create more freedom in your life. Freedom to control your time, income and decisions.
But as your business grows are you actually working more … or less?
As a business owner you have the freedom to be able to make changes in your business, including hiring the right help to get ‘noise’ off your plate. This is exactly what a Virtual Business Manager does. Their focus is to free you up so you can focus your energy on objectives that take your business to the next level.
You're turning away opportunities because you're so busy.
This is a direct consequence of the point above. Do you ever find yourself saying “I would love to take on this project/client but I simply don’t have the time for it right now.” ?
Not only can a Virtual Business Manager help free up your own time to be able to explore these opportunities, they can also work on bringing some of these opportunities to life for you! A Virtual Business Manager is responsible for executing your vision. Making sure the right things are done, in the right way, by the right people, at the right time.
No more lost opportunities!
You are still wearing all the hats in your business.
Remember when you first started your business and had to do everything! You were marketing, customer service, bookkeeping and admin.
Now that you have a successful business you should have delegated all the hats that don’t fit. As your business has grown, so too should your role change.
A Virtual Business Manager will work with you to fill the roles in your organisation chart. They’ll also help you identify those on your team are the right people, in the right seats. And support you through any difficult conversations where that isn’t the case.
The bigger your team grows, the more time you spend managing them.
This is a very common issue. You have a great team but the bigger it grows, the more time you spend managing and pulled back into the weeds of your business. Someone is always tapping you on the shoulder with a question or request. The thing is, your team does need someone to manage them. They need someone who they can turn to with questions, to get what they need to complete their projects quickly and on time.
This situation creates a bottleneck in your business. Where actions stall while waiting on a decision or information from you.
If there is not a Virtual Business Manager on the team, who do they turn to? You – the business owner.
Our VBMs are the key point of contact for your team – all questions, requests and such go to the VBM, not you!
You've hit a revenue ceiling
When your revenue starts to plateau there is usually one thing getting in the way – you!
This is often referred to as the quarter million dollar speed bump and a big part of the solution is removing yourself from the day-to-day operations of your business.
This will give you more time to spend leading your business forward, more time to work on the vision and strategies to drive your growth.
Once you:
- have hit 6-figures in revenue
- have a clear vision and goals for your next level of growth and
- are ready to step into being the CEO (Visionary) and have someone else run the business for you …
then you are ready to hire an VBM.
Still on the fence?
Check out this article if you have a minute outlining how a VBM can help you create a better business.
And just in case you’re still not sure if you’re ready to hire a VBM … here’s a few more signs.
If you’d like to be our next VBM client, let’s chat. Book a discovery call using the button below, and take the first step in getting help.
Just imagine what you can achieve with a VBM by your side!
