As many companies are going under due to the economic hardships brought about by the global recession, the services of virtual assistants are becoming a necessity rather than a want. The use of virtual assistants’ services has many advantages to the clients in the bid to cut costs and enable the growth of the business. Firstly, the client eliminated the need for the extra office space to accommodate staff. It is common knowledge that office space accounts for a significant portion of the business’s budget. The more the space taken, the higher the rent; this reduces the amount of profit in each trading cycle. With the use of virtual assistant services no more space is required thus the profits are increased.

The other cost cut comes in form of only a fewer employees being needed in the payroll. The use of virtual assistants’ services replaces some of the employees that could have being paid salaries for the same work performed in short periods and at cheap costs. With the elimination of large number of employees, other business expenses are also eliminated such as housing, medical allowances, holiday and leave allowances among many other fringe benefits. All these expenses contribute to the reduction of the business profits but when the virtual assistant’s services are used it is reversed and profits soar.

In using the services of a virtual assistant, the business accounting is simplified. The accounting burden is reduced for only the amount agreed is paid or entered in the accounting books. The other accounting such as calculating tax, hours worked per month, overtime worked, advances taken, power, transport and many others are completely eliminated. The filing of individual tax is left to the virtual assistant. By using the virtual assistant’s services, the business only pays for the worked or hours worked to achieve the intended results. The business also has the freedom to choose the time lead they need to get the time done.

Another cost cutting benefit comes due to the company not needing to purchase equipment for their staff or to get the work completed. Virtual workers such as SS Business Services work remotely from the company’s own premises thus the clients do not need to invest in any of the equipment used by the virtual assistants such as computers, photocopiers, scanners, telephone sets and many others. The purchase and maintenance of the equipment is very expensive in addition to the training costs on the staff so that they can use them. Also, the equipment creates the need for extra space which is an expense.

Apart from cutting costs on the business’ budget, the virtual assistant’s services contribute greatly to the growth of the businesses. Many businesses that have not already engaged services such those of SS Business Services spend a great deal of time on minor activities such as recruitment, planning, supervision, administration, sales and client follow up thus neglecting their core business. By using the services of the virtual assistants the individual or business is able to concentrate of completing the projects at hand while other duties are handled by the virtual assistants. This makes the business complete more work and in turn earn more while keeping and attracting more clients.