Virtual assistants commonly seek growth through acquiring more clients or securing additional contracts. However, a powerful strategy involves scaling your business by creating a multi-VA company or assembling a team of virtual assistants for subcontracting and outsourcing. This approach allows you to offer a wider range of services by collaborating with VAs whose skills complement your own.
The trend of VAs forming multi-VA companies or subcontracting is increasing. For established VAs, this provides an opportunity to expand their service offerings without necessarily possessing expertise in every area. Simultaneously, newer VAs can gain invaluable experience, build their businesses, and earn income. Managing a business goes beyond basic administrative skills.
This collaboration creates a mutually beneficial scenario. Experienced VAs can offer a broader spectrum of services and gain support from emerging talent. In situations where a VA needs assistance with administrative tasks or requires backup coverage, a well-structured team provides solutions. Whether operating a multi-VA company or subcontracting, you can present a more comprehensive service package.
For example, I’ve implemented a subcontracting strategy to expand my VA business. I’ve assembled a team of VAs with diverse skills, including bookkeeping, real estate virtual assistant (REVA) services, transcription, and website/graphic design. These services complement my core offering of word processing. This allows me to provide a more complete solution to my clients. Moreover, the team can provide administrative support and word processing services in my absence.
If you’re a VA looking to grow your business and expand your services, consider building a team of virtual assistants with varied skills. As the VA industry expands, so does the pool of skilled professionals. It’s a win-win for established companies, up-and-coming VAs, and, most importantly, the clients we serve.