When you think of the most expensive Admin Assistant on the Planet, you might think of someone like Tony Stark’s Assistant who puts up with all his quirks, but who is handsomely paid for her hardship. Or a billionaire’s assistant who is available 24/7 and at a moment’s notice may be called upon to drop everything and jump on a plane to Tokyo to attend meetings with their boss. You might think that…… and you would be wrong.
YOU.. yes.. you… are the most expensive Admin Assistant on the planet.
How can this be true? It’s because studies show that administrative tasks take up as much as 25% of a business owner’s time.
So what does this mean? Before we even talk about the dollar cost of this truth let’s talk about time. As a business owner, working a very conservative 60 hours a week, this equates to 15 hours per week. Which may not seem like that much, but how about when we look at the annual cost of this truth?
720 HOURS per year the average business owner spends on Administrative tasks, that’s THREE MONTHS! Take that 720 hours and multiply by your client charge out rate. Not only is that a lot of money for doing back office work that you shouldn’t be doing in the first place, it’s also money you haven’t billed because you’ve been doing “the paperwork”. If you outsourced these tasks alone at a much lower rate (hopefully) than you bill your clients, just think what could you do with an extra three months worth of time and a whole lot of extra money every year!!! How could your business grow? What activities could you do with your family? How could you invest in your network? How could you serve your community?
If you have ever thought, “if only I had more time…” (that’s just an excuse, people) and yet repeatedly find yourself burning the midnight oil filing invoices, inputting information into a database, updating your social media (or wishing you had time for social media)… Everyone has the same 24 hours in a day so why not change things up and use those hours to full advantage?
I’d be interested to know your comments!