Virtual Assistant Business Plan – You Don’t Need To Be Perfect!

If you’re scratching your head wondering what to put in your virtual assistant business plan, you’ve come to the right place. There’s nothing worse than sweating over a blank sheet of paper or a screen, not knowing where to start. You don’t need to convince yourself that you need a business plan, as you already know that you need to follow some kind of roadmap if your business is going to be successful.

So what should be included in your business plan? Here are the main elements of a virtual assistant business plan:

1. Your vision and goals: where do you want your business to be in one, two or even five years? How much revenue do you want to generate, how many clients do you want to have, in what industries? This is a great starting point for your business plan because it’s a great motivator.

2. Legal and Financial Requirements – In this section, make a note of the legal structure under which your business operates, your budget, insurance, business name, licenses you have obtained, your business bank account, and method of accounting.

3. Your service offer and rates: Decide what services you will offer now and what services you will offer within a certain period of time. Also write down your hourly rates and retainer rates.

4. Office and equipment requirements: What software, hardware, and other office equipment do you need to invest in? Where will your home office be located?

5. Service Agreements and Policies – Make a note of any service agreements or contracts you have drawn up in your plan.

It’s worth spending time on a written business plan, so you don’t have vague ideas in your head. You find it easier to stay focused and on track.

However, don’t get stuck on getting it perfect! It’s not a “set and forget” document that you keep in a drawer, but rather an evolving part of your business that you should refer to at least quarterly, because it will change and evolve all the time.