Tag Archive for: Time Management

What is an Online Business Manager? Do I need one?

Online Business Managers may have caught your attention, but how do they compare to Virtual Assistants? A few more ambitious VAs may even offer the same services as OBMs, so what makes them different?

OBMs are much more than just great VAs. They offer different services and their skills and priorities differ too, but there are companies like Venice Virtual that provide full-service support and cover most of what an OBM does.

Online Business Managers provide management-level support to busy business owners.  It could be on a temporary basis while the business owner takes a break, or for a limited period when things are particularly busy so that the owner can focus on more important things, manage projects, or supervise a particular department.

You could drastically change your future both inside and outside of your business if you hire an OBM. It could give you the chance to work on an idea or find time to explore new possibilities.

An experienced OBM will assist clients with strategy and provide a good sounding board for business owners who need that extra support organising their thoughts and connecting the dots.

As your business grows, so will your OBM, so they’re committed to making your company a success. Unlike you, they will be invested, but not as emotionally involved in the business, so they can remain objective, giving them a greater ability to see things clearly.

The OBM’s role is to ensure systems and processes are tightened, communications are improved, and action is taken when necessary to keep things on track. You’ll be able to focus on things such as strategy, vision, brand development and new concepts when an online business manager manages the day-to-day.

When workflows, procedures, and channels of communication have already been established, an OBM can provide you with the most freedom. In cases where you need to establish new processes and systems, an OBM can support you with developing strategy, decision-making, and communication.

They can help improve and refine systems in your operation to allow you and the rest of your team to work autonomously so you can focus on more significant things.

A strong Online Business Manager will benefit you not only by giving you more time to focus on growth, but also by bringing with them knowledge, services, and associates.

Key takeaways;

♦️  Online Business Managers provide a higher level of management.

♦️  Giving OBM the autonomy to oversee the smooth running of your business, allows you as a business owner more time to focus on growing the company.

♦️  Rates vary, but you can expect to pay at least £40 per hour up to £120. Typical retainer packages start at around £600 per month and rise to around £3000 or more.

The decision to hire an OBM or VA can be daunting and we understand you may have many questions.

This short guide should provide you with some answers, but nothing beats a one-on-one conversation where you can discuss your own business needs, which is why we welcome a discovery call to see how we can help.  Call us today. Read the rest

Why You Need to Dedicate Time for Your Business Strategies (and how to get the most out of your time)

While planning enables entrepreneurs to plan out what they will do and when, a strategy involves the bigger picture. It is here that a business strategy differs from a plan.  If your plan is what you’re going to do to take your business up a level, your strategy is the why and the how.

During a business strategy session, you should look at some of the following:

Ø A SWOT analysis, and where you fit in and how you could overcome obstacles identified

Ø The long-term goals

Ø What is required to achieve those goals?

Ø The alternative options you could use to work towards those goals, and the pros and cons of each

Ø The metrics or review process you’ll use to measure your progress

Ø A roadmap of your goals

Many business owners sadly lack the confidence or time to put pen to paper and work out their thoughts and ideas. It is often underestimated how important taking time to strategise is for the growth of a business. However, when the landscape is always changing, these thoughts and ideas can easily get muddled, especially when we’re as busy as we are. So what are the benefits of having a business strategy?

By putting time aside to write a well-thought-out business strategy (and checking in with it regularly), we’re giving ourselves an advantage. This is the guide that will assist us through all the uncertainties we will face as business owners.

A business strategy will allow you to have:

Clarity around what it is you want from your business and beyond

✅ An understanding of what success looks like for you

✅ A clear idea of what your goals are and how to get there

✅ A deeper insight into the market and your competition

✅ The foresight to plan for and overcome any complications and challenges

✅ A steady focus on the opportunities that will really serve you, and a plan for getting the most out of them

✅ A system for measuring your progression, where you can celebrate wins but importantly recognise and support areas

      where you are falling short

✅ Accountability, to learn to move past sticking points that have held you back in the past

With all of that will come the confidence and fortitude you need to start making changes and when challenges arise or you feel like you are feeling overwhelmed, you will have something to refer to to get you back on track.

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