How To Reduce Your Admin
Your Virtual Assistant Ltd
We help businesses to grow, without the speed wobbles.
Admin tasks are fundamentally necessary if your business is to run smoothly and successfully but it’s undeniable that they take up a lot of time. Admin isn’t everyone’s cup of tea!?
Studies show that businesses can work on average as much as?16 hours a week?on it, while US businesses alone spend nearly?$600 billion a year?on administration.
For businesses who still perform many of their admin tasks manually this is a lost opportunity, as modern technology will help these processes run easier and take up less time.?
WHY should you reduce your admin?
The idea of potentially automating or outsourcing these important tasks is quite daunting, if they aren’t done correctly it could have a negative impact on your business. That’s where your systems will shine, a good SOP will identify and manage potential risk.
The benefits for your business when you reduce time spent on administration are:
It's better for your clients!
It's better for your team
It's better for your business
HOW do you reduce your admin?
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1. Identify and prepare
Which tasks do you want to cut back on, and to what extent? The first step to reducing your admin is by identifying which tasks are most important (have a tangible effect on your business success) and urgent (have impending and strict deadlines) and allocate your resources accordingly.
Administrative tasks can be divided into 2 main types:
Operational tasks are those necessary for running your business smoothly, such as managing income, outgoing payments or recruitment.
Regulatory admin tasks are those that are compulsory to fulfil government requirements, such as filing tax returns.
Identifying the risk factor in both these types of tasks will help prioritise them.? For example tasks where incorrect figures or missed deadlines may result in fines or penalties such as tax returns.? These are the tasks you might want to automate or outsource.?
Decide how much budget you want to dedicate to reducing your admin. As you are researching who to hire or how to automate your admin, consider the budget both financially and in time. Ensure your accounts are in order, everything is up to date and in an easily shareable and understandable format.
2. Automation
Automating your administration is a great option to consider. It’s cost-effective, frees up your team, removes human error, has consistent delivery and will ensure your deadlines are met. You can?download our free e-Book here?to learn how to systemise and automate your business to improve and reduce your admin.
3. Outsourcing and Delegation
Almost any part of your business can be outsourced, and admin is a great place to start. Try asking your network for recommendations, you can even try a VA! When you are outsourcing, you are passing on admin responsibilities to a third party who is an expert, completing the tasks faster and more efficiently.
Download our free guides here on?outsourcing made easy?and?150 tasks you can delegate to a VA.