Virtual Assistant Business Plan – It Doesn’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 sweating over a blank piece of paper or screen, not knowing where to start. You don’t need convincing 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 go into 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, even five years? How much income do you want to make, 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 what legal structure your business is operating under, your budget, insurances, business name, licenses you’ve obtained, your business bank account and bookkeeping method.

3. Your service offering and rates – decide what services you’re going to offer now, and what services you’re going to offer within a certain time frame. 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? Whereabouts will your office be located in your home?

5. Service agreements and policies – make a note of any service agreements or contracts that you’ve drawn up in your plan.

It’s well worth investing time into a written business plan, so you won’t be carrying vague ideas around 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 shove into a drawer, rather it’s an evolving part of your business that you should consult at least quarterly, because it will change and evolve all the time.

Source by Lisa Taliga

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