We know that as a whole, Australians are an enterprising bunch. According to the Comprehensive Australian Study of Entrepreneurial Emergence, undertaken by the Australian Centre for Entrepreneurship Research at Queensland University of Technology, small businesses contribute to just under 50% of private sector industry employment and a third of private sector industry value. There are just over two million small businesses in operation in Australia – a number which consistently increases every year.
The government has taken notice of this trend and has put in place many plans to facilitate entrepreneurship, including the Growing Jobs and Small Business package that allows for small business write-offs, tax discounts, tax cuts, etc.
In short, there has never been a better time to start your own business in Australia – and a Virtual Assistant could be a key factor in your small business arsenal to increase your efficiency or growing your business to a fully-fledged, large scale operation.
Much research has been dedicated to examining why some businesses fail while others go on to succeed. The sad reality is that while many small businesses will start up every year, few will remain in operation as time progresses and fewer still will grow enough to hire employees and expand operations. While there is no single cause that’s solely responsible for this, it seems that successful entrepreneurs value a common quality – Innovation.
A research paper released late last year by the Office of the Chief Economist on the Employment Dynamics of Australian Entrepreneurship analysed the success and failure of thousands of small businesses across Australia. It seems the most successful entrepreneurs are the ones that use the best technological advances available to them to get an edge over their competitors and to stay ahead. By hiring a Virtual Assistant you can do just that by getting 24/7 assistance that not only operates while you’re asleep but is much more cost effective than hiring and housing a local assistant.
Imagine having an assistant to do all those things you know just chew up your time but know you just can’t afford one. This could be the difference between staying where you are, bogged down with not enough time in the day to do everything and moving forward with that next step you know you’re ready to take.
By hiring a VA and taking advantage of an innovative service that you have full control over, you are demonstrating a quality that the most successful entrepreneurs all value. Hiring a Virtual Assistant is one of the most innovative ways that you can take advantage of business process outsourcing to benefit your business. From the research we’ve found, it’s evident that innovation like this that will help take your business to the next level.
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