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A Sample Virtual Assistant Business Plan Template

Are you about starting a virtual assistance business? If YES, here is a complete sample virtual assistant business plan template & feasibility study you can use for FREE.

Okay, so we have considered all the requirements for starting a virtual assistance business. We also took it further by analyzing and drafting a sample virtual assistance service marketing plan template backed up by actionable guerrilla marketing ideas for virtual assistants. So let’s proceed to the business planning section.

If you are a content creator, a computer cum web utility person or a graphic designer, amongst others, there is no limit to the amount you can make as a professional especially if you know how to generate doable business ideas. The truth is that many content creator, computer cum web utility person and talented graphic designers (graphic artist) et al gets stranded because they lack innovative ideas to transform their talents (skills) into a money making venture.

What Does It Take to Start a Virtual Assistant Business Successfully?

The fact that you are a graphic designer or content creator does not in any way restrict you to a certain way of doing business. First and foremost, you must have mastered the skill, and then you should look outside the box. Looking outside the box could mean that you should also acquire complimentary skills like video editing and video coverage skills et al and then market your services to companies on the internet that can afford to pay you to work online from any part of the world.

The bottom line is that if you want to make more money as a graphic designer, content creator, editor, computer cum web utility person, then you should be ready to go out of your way to develop innovative business ideas that is in sync with your skills; ideas that won’t take you too far from your core area of business. Ideas like starting a virtual assistant business is perhaps one of the ideas you should embrace.

A Sample Virtual Assistant Business Plan Template

  • Industry Overview

Virtual assistant services falls under The Business Process Outsourcing (BPO) Services industry and virtual assistant line of business comprises of individuals as well as enterprises who work remotely as an independent professional, providing a wide range of products and services both to businesses as well as consumers.

Basically a virtual assistant is self-employed and provides professional administrative, technical, or creative (social) assistance to clients remotely from a home office. Since virtual assistants are independent contractors rather than employees, clients are not responsible for any employee – related benefits such as medical, taxes, insurance and other benefits. Although, some clients factor such benefits into the total contract package.

The Business Process Outsourcing (BPO) Services industry performed pretty well in the last decade. This is due to the improving US economy, coupled with rising revenue in the finance and accounting sectors, credit card services and the insurance and human resource industries et al.

In addition, employers have experienced ever-increasing expenses, due to wage increases and rising health insurance costs, which is why it is economical to contracted BPO service providers as a means of controlling all these expenditures.

Going forward, The Business Process Outsourcing (BPO) Services industry will continue to flourish, as revenue generated by organizations will be pressured by increasing wage and burgeoning employer healthcare costs and other expenses.

The Business Process Outsourcing (BPO) Services industry is indeed a growing industry and pretty much active in all the parts of the world. Statistics has it that in the United States of America alone, there are about 162,002 registered companies in this industry, employing about 905,485 and the industry rakes in a whooping sum of $136bn annually. The industry is projected to continue to grow at a 4.0 percent rate. It is important to state that there is no company with a dominant market share in the industry.

There are loads of players in this industry simply because the entry barriers for the Business Process Outsourcing Services industry are low. As a matter of fact, the required startup costs for new organization can be as low as the cost of acquiring a computer / laptop and internet device and the can successfully swing into full – time operations without the need of employees, significant capital expenses or even an office.

Over and above, The Business Process Outsourcing (BPO) Services industry is very open to any aspiring entrepreneur who has the required skills to start his or her own virtual assistant business and of course make good money from the industry.

As a matter of fact, it was projected that over the next five years, new technology will continue to emerge that will make it easier for more players to come into the industry hence increasing the competition in the industry.

Virtual Assistant Business Plan – Executive Summary

Do It All® Virtual Support Services, LLC is a registered and standard virtual assistant services company that will be based in the United States of America, but operate all over the globe. We have been able to secure a standard and well – positioned office facility in a busy business district in Baltimore, the largest city in Maryland where we intend coordinating all our freelancers from all over the world.

We are a virtual assistant service company that is set to compete in the highly competitive Business Process Outsourcing (BPO) Services industry not only in the United States market, but also in the global market.

Do It All® Virtual Support Services, LLC will be involved in virtual support services such as providing outsourcing services for work related to finance and accounting functions, providing outsourcing services for work related to:

  • Human resource functions
  • Providing outsourcing services for customer relations management
  • Providing outsourcing services for sales fulfillment and order management
  • Providing outsourcing services for document management
  • Providing outsourcing services for supply chain management and engineering functions
  • Freelance writing
  • Editing
  • Copywriting
  • Translation
  • Freelance web design
  • Graphic services
  • Video editing and photo editing et al

Our business goal is to become one of the leading virtual assistant services company in the United States and we will make sure that every outsource jobs that we handle for our clients favorable compete with the best in the industry.

Our freelance team will be selected from a pool of talented and highly creative professionals with various skills as it relates to the services we offer in and around Baltimore and also from any part of the world. We will make sure that we take all our freelance workers through the required trainings that will position them to meet the expectation of the company and to compete with leading virtual assistant services companies in the United States and throughout the globe.

At Do It All® Virtual Support Services, LLC, our client’s best interest come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, freelance workers and for our clients.

Do It All® Virtual Support Services, LLC is founded by Larry Clinton and his friend and business partner for many years Ken Bradford. They have a combine experience in freelance writing, editing, accounting and bookkeeping support services, consulting, corporate branding and advertising, cartoon and animations, graphic and commercial art services and print media design.

  • Our Product and Services

Do It All® Virtual Support Services, LLC is established with the aim of maximizing profit in The Business Process Outsourcing (BPO) Services industry. We want to compete favorably with the leading virtual assistant services companies in the United States which is why we have but in place a competent quality assurance team that will ensure that all our services meet and even surpass our customers’ expectations.

We will work hard to ensure that Do It All® Virtual Support Services, LLC is not just accepted nationally in the United States of America, but also in other parts of the world. Our products and services are listed below;

  • Providing outsourcing services for work related to finance and accounting functions
  • Providing outsourcing services for work related to human resource functions
  • Providing outsourcing services for customer relations management
  • Providing outsourcing services for sales fulfillment and order management
  • Providing outsourcing services for document management
  • Providing outsourcing services for supply chain management and engineering functions
  • Freelance writing, editing, copywriting, researching, data entry and translation et al
  • Freelance web design, graphic design services, video editing and photo editing et al

Our Vision Statement

Our vision is to establish a standard virtual assistant services company whose services and brand will not only be accepted in the United States of America, but also in other parts of the world.

  • Our Mission Statement

Our mission is to provide professional and highly creative freelance services that will assist businesses, individuals and non-profit organizations in achieving their business goals. We want to build a virtual assistant services company that can favorably compete with other leading brands in the industry.

  • Our Business Structure

Do It All® Virtual Support Services, LLC, is a virtual assistant services company will be launched in Baltimore, but hope to grow big and secure outsourced jobs from big corporations from all over the world. We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands (freelancers and back office staff) within our area of operations.

At Do It All® Virtual Support Services, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce (freelancers), and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company.

In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer
  • Creative Director
  • Human Resources and Admin Manager
  • Sales and Marketing Executive
  • Accountant
  • Graphic Artist
  • Freelancers
  • Client Service Executive

Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Responsible for providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

Creative Director:

  • Serves as project manager of the organization; works directly with freelancers
  • Responsible for designing concepts for advertisements and other promotional needs for client (s)
  • In charge of copy writing and laying out chronological advertisement plans
  • Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
  • Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
  • Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
  • Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
  • Maintains quality service by establishing and enforcing organization standards.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
  • Makes certain that production and development department perform efficiently, coordinate employee efforts, and facilitate communications between management and graphic designer
  • Ensures that the organization work in line with international best practices.

Human Resources and Admin Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversee the smooth running of the daily office and factory activities.

Sales and Marketing Manager

  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Creates new markets cum businesses for the organization
  • Empowers and motivates the sales team to meet and surpass agreed targets

Accountant / Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for Do It All® Virtual Support Services, LLC
  • Serves as internal auditor for Do It All® Virtual Support Services, LLC.

Freelance Graphic Designers

  • Liaises with clients to determine their requirement and budget
  • Responsible for developing concepts, graphics and layouts for product illustrations, company logos, and websites
  • Responsible for managing client proposals from typesetting through to design, print and production
  • Responsible for reviewing final layout and suggesting improvement if necessary
  • Responsible for working with clients, briefing and advising them with regards to design style, format, print production and timescales et al
  • Determines size and arrangement of illustrative material and copy, and font style and size
  • Responsible for liaising with external printers on a regular basis to ensure deadlines are met and material is printed to the highest quality
  • Responsible for preparing drafts or material based on an agreement brief.
  • Researches and advices the organization on style, genre and other trendy info as it relates to graphic design.
  • Responsible for designing models, background, sets, characters, objects and the animation environment
  • Works creatively to produce original and aesthetically pleasing designs and solutions
  • Using specialist computer software applications such as Maya, Lightwave, Softimage, Cinema 4D, Flash and After Effects
  • Presents designs to customers for evaluation

Freelance Workers (Work from any part of the world)

  • Provider outsourcing services for work related to finance and accounting functions
  • Provides outsourcing services for work related to human resource functions
  • Provides outsourcing services for customer relations management
  • Provides outsourcing services for sales fulfillment and order management
  • Provides outsourcing services for document management
  • Provides outsourcing services for supply chain management and engineering functions
  • Freelance writing, editing, copywriting, researching, data entry and translation et al
  • Freelance web design, graphic design services, video editing and photo editing et al

Client Service Executive

  • Welcomes clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the chief executive office in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Virtual Assistant Business Plan – SWOT Analysis

Do It All® Virtual Support Services, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured virtual assistant services business that can favorably compete in the highly competitive Business Process Outsourcing (BPO) Services industry in the United States and the world at large.

Part of what the team of business consultants did was to work with the management of our organization in conducting a SWOT analysis for Do It All® Virtual Support Services, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Do It All® Virtual Support Services, LLC;

  • Strength:

Our core strength lies in the power of our team; our back office workforce. We have a team of creative and highly proficient team with excellent qualifications and experience in various niche areas in the Business Process Outsourcing (BPO) Services industry. Aside from the synergy that exists in our carefully selected back office staff, our services will be guided by best practices in the industry.

  • Weakness:

As a new virtual assistant services company, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive Business Process Outsourcing (BPO) Services industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to promote our business the way we would want to.

  • Opportunities:

No doubt, the opportunities in the Business Process Outsourcing (BPO) Services industry is massive considering the number of individuals and corporate organizations whose businesses depends on the services of freelancers and those who would want to cut cost. As a virtual assistant services company, we are ready to take advantage of any opportunity that is available in the industry.

  • Threat:

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power.

Virtual Assistant Business Plan – MARKET ANALYSIS

  • Market Trends

The internet has truly opened up loads of business opportunities and virtual assistant services industry is one of them. It is a fact that the common means of communication and data delivery in the virtual assistant industry include the Internet, e-mail and phone-call conferences, online work spaces, and fax machine et al.

More and more Virtual Assistants are leveraging on technology platforms such as Skype as well as Google Voice to carry out their services. Professionals in this line of business work on a contractual basis or a retainer – ship basis.

The trend is that, in recent years Virtual Assistants Service Providers have also worked their ways  into many mainstream businesses and with the advent of VOIP services such as Skype it has been possible to have a Virtual Assistant who can answer your phone remotely without the end user’s knowledge. As a result if this, it is now easier for organizations to add a personal touch in the form of a receptionist without the additional cost of hiring someone.

Another common trend in the virtual line of business is that, most virtual assistant services companies no longer settle for clients within the location where there physical office is located but also from any part of the world. The truth is that with the advent of the internet, it is now easier for virtual assistant service providers to work for clients in any part of the world. A virtual assistant services company can be located in the United States of America and have their biggest client in United Arab Emirates or Australia; many thanks to the power of the internet.

Lastly, the Business Process Outsourcing (BPO) Services industry will continue to evolve due to the advancement of computer technology and software applications et al.

Before starting our virtual assistant services company, we were certain that there was a wide range of both corporate and individual clients who cannot successfully run their businesses without outsourcing some of their operations to a third party service provider. As a matter of fact, without virtual assistants like content writers cum freelance journalists, online publications and web industry would be a  struggle.

In view of that, we have created strategies that will enable us reach out to various corporate organizations and individual who we know can’t afford to do without our services. We have conducted our market research and survey and we will ensure that the services we offer well accepted in the market place.

Below is a list of the people and organizations that we have specifically market our products and services to;

  • Bloggers and website owners
  • Banks, Insurance Companies and other related Financial Institutions
  • Blue Chips Companies
  • Corporate Organizations
  • Manufacturers and Distributors
  • Real Estate Owners, Developers, and Contractors
  • Research and Development Companies
  • The Government (Public Sector)
  • Religious Organizations
  • Political Parties
  • Television Stations
  • Printing Press (Publishing Houses) and Authors
  • Branding and Advertising agencies
  • Entrepreneurs and Start – Ups

Our Competitive Advantage

No doubt the competition in the Business Process Outsourcing (BPO) Services industry is getting stiffer by the day, you have to be highly creative and come up with detailed services, graphic designs and concepts in order to survive in the industry. The Business Process Outsourcing (BPO) Services industry is indeed a very prolific and at the same time, a highly competitive industry. Clients will only hire your services if they know that they can get nothing but the best from you.

We are quite aware that to be highly competitive in the Business Process Outsourcing (BPO) Services industry means that you are not only expected to be able to deliver consistent and highly creative jobs, but you must be able to meet set targets. No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects.

Our competitive advantage lies in the power of our team and management; our workforce (Freelancers all over the world). We have a team of creative and highly proficient freelancers in various niche areas in the Business Process Outsourcing (BPO) Services industry, a team with excellent qualifications and experience. Aside from the synergy that exists in our carefully selected freelancers, our fees and services will be guided by best practices in the industry.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups virtual assistants businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

Virtual Assistant Business Plan – SALES AND MARKETING STRATEGY

We are mindful of the fact that there is stiffer competition in the Business Process Outsourcing (BPO) Services industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the Business Process Outsourcing (BPO) Services industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Do It All® Virtual Support Services, LLC.

Our goal is to grow Do It All® Virtual Support Services, LLC to become one of the top 10 virtual assistant service provider in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the United States of America but also in other parts of the world.

Do It All® Virtual Support Services, LLC is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our virtual assistant company by sending introductory letters / emails alongside our brochure to corporate organizations, religious organizations and key stake holders.
  • Promptness in bidding for graphic design contracts from the government and other cooperate organizations
  • Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
  • List our business on yellow pages ads (local directories)
  • Attend relevant international and local expos, seminars, and business fairs et al
  • Create different packages for different category of clients in order to work with their budgets and still deliver excellent design and services
  • Leverage on the internet to promote our business
  • Engage direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients

Sources of Income

Do It All® Virtual Support Services, LLC is established with the aim of maximizing profits in the Business Process Outsourcing (BPO) Services industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.

Do It All® Virtual Support Services, LLC will generate income by offering the following graphic design related services;

  • Providing outsourcing services for work related to finance and accounting functions
  • Providing outsourcing services for work related to human resource functions
  • Providing outsourcing services for customer relations management
  • Providing outsourcing services for sales fulfillment and order management
  • Providing outsourcing services for document management
  • Providing outsourcing services for supply chain management and engineering functions
  • Freelance writing, editing, copywriting, researching, data entry and translation et al
  • Freelance web design, graphic design services, video editing and photo editing et al

Sales Forecast

One thing is certain; there would always be corporate organization and individual who would need the services of virtual assistant companies.

We are well positioned to take on the available market in the Business Process Outsourcing (BPO) Services industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our virtual assistant company to enviable heights.

We have been able to critically examine the virtual assistant market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups.

Below is the sales projection for Do It All® Virtual Support Services, LLC, it is based on the location of our business and of course the wide range of our services and target market;

First Year-: $100,000

Second Year-: $200,000

Third Year-: $450,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown. Please note that the above projection might be lower and at the same time it might be higher.

  • Our Pricing Strategy

At Do It All® Virtual Support Services, LLC we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.

We are aware that there are some one-off jobs or government contracts which are always lucrative; we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

  • Payment Options

At Do It All® Virtual Support Services, LLC, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

  • Payment by via bank transfer
  • Payment via online bank transfer
  • Payment via check
  • Payment via bank draft
  • Payment via mobile money

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

Virtual Assistant Business Plan – Publicity and Advertising Strategy

We have been able to work with our in house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate clients and individual clients in the whole of the United States and beyond which is why we have made provisions for effective publicity and advertisement of our virtual assistant company.

Below are the platforms we intend to leverage on to promote and advertise Do It All® Virtual Support Services, LLC;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events / programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
  • Install our Bill Boards on strategic locations all around Baltimore – Maryland and other key cities in the United States of America.
  • Distribute our fliers and handbills in target areas
  • Contact corporate organizations by calling them up (emailing them as well) and informing them of Do It All® Virtual Support Services, LLC and the services we offer
  • List our virtual assistant company in local directories / yellow pages
  • Advertise our virtual assistant company in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our official vehicles are well branded with our company logo et al.

Virtual Assistant Business Plan – Financial Projections and Costing

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake and the nature if the business. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.

The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a virtual assistant company; it might differ in other countries due to the value of their money. However, this is what it would cost us to setup Do It All® Virtual Support Services, LLC in the United of America;

  • Business incorporating fees in the United States of America will cost – $750.
  • The budget for Liability insurance, permits and license will cost – $3,500
  • Renting / leasing a small office space that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $150,000.
  • Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $10,000
  • Amount required to purchase the needed software applications – $ 3,500
  • Launching an official Website will cost – $500
  • Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
  • Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand (250,000) U.S. dollars to successfully set – up a medium scale but standard virtual assistant company firm in the United States of America.

Please note that you can successfully launch this type of business from any part of the world in your bedroom with just a functional laptop, internet facility and the required software applications. But if you choose to build a business with structure, a business that does not revolve around one man or woman, then you should follow the above structure.

Generating Funding / Startup Capital for Do It All® Virtual Support Services, LLC

Do It All® Virtual Support Services, LLC is a business that will be owned by Larry Clinton and his friend and business partner for many years Ken Bradford. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $85,000 and soft loan from family members $15,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

VIRTUAL ASSISTANCE BUSINESS GROWTH: Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Do It All® Virtual Support Services, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to consistently offer excellent services at a very competitive price than what is obtainable in the industry.

Do It All® Virtual Support Services, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce (freelance workers inclusive) is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Securing a small but standard office facility : Completed
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the start – up capital from the founders: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of Logo for the business: Completed
  • Secure trademark for our products: In Progress
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In Progress
  • Creating Official Website for the business: In Progress
  • Creating Awareness for the business: In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in various industries: In Progress
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