This is an interesting question now you’ve given the AC route considerable thought. Throughout this series of articles you would have noticed that I constantly say, “if this is the right route for you” and now is where you have to be brutally honest with yourself and list your skills, your strong-points and your weaknesses to give you an idea about the direction in which you wish to go with your business. There are many things to mull over like offering a broad spectrum of services or sticking to two or three services and creating a niche for yourself in the virtual world.
In part three of this series of posts we will discuss the legalities of the AC business. Just because your business is “virtual” this doesn’t mean you are exempt from fulfilling legal and tax obligations. Since laws vary from one country to the next, we will only cover basic points so it is important you find out exactly what legal and tax obligations you have according to your country’s legal system as I do not presume to know how these may differ in your area or substitute professional advice so please consider this section as a rough guide only for questions you must research yourself.
Defining your business goals is to have a clear vision of what you hope to achieve with your venture and how you plan on going about it. You may find yourself going round and round in circles if you don’t plot a route which is almost certain to end in disappointment and destroy your confidence.
In my town I see businesses come and go so quickly I almost miss them. One week there will be a great little shop selling the most amazing hand-made items but the next time I drive past it, it houses a team of lawyers. Many businesses die within the first six months of opening mainly due to a lack of forethought and planning. How can you potentially avoid that mistake and make a success of your business? Well, before you consider setting up a business, any business you must think about budget, goals, clientele etc while at the same time being careful of unrealistic expectations. What you need is a business plan.
If you are seriously considering becoming an Administrative Consultant, there has never been a better time than right now. This relatively unknown innovative business approach is flourishing mainly due to the current economic climate where companies are learning to watch the pennies and outsource their admin tasks. It is becoming more and more common for companies to resort to third party collaborations in order to complete projects and other admin related tasks that basically rob them of precious time and resources better used elsewhere. You cannot compare the cost of a full-time employee to paying a professional Administrative Consultant for services as and when needed.