How Much is Your Time Worth?

One of the most common excuses that business owners use when explaining why they don’t use a virtual assistant is, “It costs too much.”

At a US average of $30 to $50 per hour, it may look that way at first glance. Believe it or not, you are most likely to be saving yourself money even if the hourly rate seems scary. There are a lot of factors that contribute to a financial savings, but lets focus on your time.

Just what is ‘your’ time worth? What is your hourly rate? And how many hours are you spending on administrative tasks that aren’t bringing in more business? Multiply the two and this is what it’s costing you to do those tasks. But wait, now add on the revenue that you could have been generating by using those hours for income generating tasks. This gives you a more complete picture of just how much ‘doing it yourself’ may be costing you. I bet it’s much more than what it would have cost you to have a virtual assistant do it, isn’t it?

So before you tell yourself you can’t afford a virtual assistant, seriously ask yourself “What’s my time worth?”