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The New Entrepreneurs:
   Virtual Assistants


    Rose Marie Kuceyeski, Ph.D.
     Owens Community College
        NBEA, April 8, 2009
“Change is the law of life. And
those who look only to the past or
the present are certain to miss the
             future.”
                        John F. Kennedy
My Role
    • Share the scope of the new entrepreneurs
      focusing on the virtual assistants—who
1     they are and where they are.


    • Achieve an understanding of the extent of
      virtual assistant programs at the post-
      secondary level and how they provide a
2     unique opportunity for growth.


    • Explore ways a VA program may be
      developed and its practical uses.
3
“One who organizes, manages, and
 assumes the risks of a business or
           enterprise.”
VAs Defined
• Provide administrative, creative and/or technical
  services
• Utilize advanced technological modes of
  communication and data delivery
• Assist clients in his/her area of expertise from
  his/her own office on a contractual basis
Evolution of VAs

 1995




            33,559




    Virtual VA assoc. 5,000 members



    2007 Comprehensive Study of the Virtual
          Services Industry, Brenner.
Who Are They?
• Work-at-home moms     • Downsized executives
• Displaced workers     • Baby boomers
                          nearing retirement
• People with
  disabilities          • People in rural
                          locations
• Military Spouse VAs
Survey of virtual services industry
     supplied the following information
                    (2007):
• 55.6% of Virtual Professionals in US are women
• 99.1% women (primarily admin support, data entry,
  wp)
• Larges concentration in US, India, and Canada
• 81 percent are located in the U.S., (California 4,063;
  Texas, 2,608; Florida, 2,507; New York, 2,303.)
• 1,550 provided educational level, over half have
  bachelor’s degree or higher

                     2007 Comprehensive Study of the Virtual
                           Services Industry, Brenner.
Core Competencies for Emerging
            VAs
                 Professional Skills
                       Personal Skills
                          People Skills
                             Education
                    Office Standards


           http://allianceforvirtualbiz.com
Industries Served
Services Offered
 Virtual assistant (VA) admin
        services (42%)

    Graphic design (41%)


        Web services


      Software services
Top Programs - US VPs
   MS Office     57.4%

   PPT           51.1%

   Photoshop     45.0%

   HTML          43.6%

   Word          40.8%

   Excel         39.7%

   Dreamweaver   38.7%
Top Programs - US VA Admin
      Word         92.6%

      Excel        86.8%

      MS Outlook   76.0%

      MS Office    74.4%

      PowerPoint   70.2%
Billing
             Rates
$16.87/hr.




                       $$51.96/hr.
Revenue Based on Gender
Gender      Revenue           Average                   $/Hour Range Average
            Range             Revenue                                $/Hour
Females     $10,234-          $33,649                   $8-$65       $32.26
            $233,262
Males       $10,000-          $32,144                   $12-$100     $48.82
            $271,320




                       2007 Comprehensive Study of the Virtual
                             Services Industry, Brenner.
VA Benefits



Being Your Own Boss
Client Benefits
• Only pay for the time the VA works either by task or
  project
• No continuing education assistance for employees
• No extra office space, furniture, computers, software,
  telephone, printers, etc. that normal employee staff
  requires
• No overtime pay when projects must be completed by
  a specific deadline
• No unemployment insurance, sick leave, vacation pay,
  health or dental insurance
Entrepreneurship in Business
            Education
• Broaden the scope of entrepreneurship courses
  to include virtual professionals
• Include how to become a virtual professional
  and conduct business in cyberspace
• Address how to successfully partner with a
  virtual assistant
Opportunities for Business
             Education
• “Employment of secretaries and administrative assistants is
  expected to increase about 9 percent, which is about as fast
  as average for all occupations, between 2006 and 2016.”
• Presents challenges to the administrative/office support
  programs
• Almost half (49 percent) of the nation’s businesses are
  operated from home, and more than 6-in-10 owners used
  their own money to start the business, according to new
  U.S. Census Bureau reports on characteristics of businesses
  and business owners.
Administrative Virtual Assistant
             (AVA)
• Conducted research on the Internet and through e-mail
  questionnaires to virtual assistants
• Reviewed courses in the School of Business and
  Information Systems to determine which courses
  addressed the necessary skills
• Reviewed the curriculum and provided input from VAs
• Reflected a true partnership of the School of Business
  and Information Systems
• Developed Spring 2005
Certificate Program
           Course Name                 Semester
                                     Credit Hours
Introduction to Small Business            3
The Legal Environment of Business         3
Introduction to E-Business                3
Internet for Business                     1
Troubleshooting Applications              3
Integrated Office Communications          3
Virtual Assistant Coaching Seminar        2
OAD/IST Electives                         6
Total Semester Hours                      24
Institutions
                               • Sacramento City College, CA
• Red Deer, Canada
                               • Riverside Community
• Palomar College, CA
                                 College, CA
• Portland Community           • Raymond Walters (UC), OH
  College, OR                  • Stark State College, OH
• Springfield Technical        • Santa Rosa Junior College,
                                 CA
  Community College, MA
                               • Southwestern Community
• Sierra Community College,
                                 College, NC
  CA
                               • Manchester Community
• American River College, CA     College, CT
                               • Wake Technical Community
                                 College, NC
Virtual Assistant Coaching
            Seminar
This online course will emphasize understanding
the virtual assistant concept, business planning,
establishing a web presence, specialty services,
operating the business, and other topics as
needed. The goal of this class is to create a
workable virtual assistant business and
marketing plan.
Course Objectives
• Have a thorough understanding of the virtual assistant
  business. The student will also have a completed business plan
  and marketing plan that establishes mission, goals, and
  objectives;
• Demonstrate competency in writing business goals and
  determining a sustainable competitive advantage;
• Be prepared for the job market by becoming aware of the
  many facets of operating a small business;
• Demonstrate personal, professional, and ethical growth by
  integrating the core business components that have been learned
  during your college experience into a real business plan
  presentation.
Text Used

Virtual Assistant – The Series, Become a Highly
Successful, Sought After VA, by Diana Ennen and
Kelly Poelker, Third Edition Revised. Another
8 Hour Publishing, ISBN 0-9742790-5-6
Assignments
• Marketing Plan
  PowerPoint Presentation
• Virtual Assistant
  Interview
• Individual Business Plan
  Components
• Discussion Board
  Participation
• Final Project: Business
  Plan
Virtual Professionals
• Mortgage professionals (Close-more-loans.com)
• Consultants (marketing, computer, Tech Problem
  Solver)
• Insurance agents
• Programmers
• Graphic artists
• Realtors (www.WebMLS.net)
• Accountants (Virtual Growth, Inc.)
• Human Resources (Employease.com)
“There will come a time when big
opportunities will be presented to you,
 and you’ve got to be in a position to
      take advantage of them.”

              Sam Walton
60 Seconds of Cool
 Curriculum/Marketing Ideas
References
• References for The New Entrepreneurs: Virtual Assistants
• A New Frontier: The advent of the virtual assistant (2005). Retrieved
  February 16, 2005 from www. womentoday magazine.com
• Brice, Stacy. (2002, April). New way of work takes hold. Office Pro, 63(3),
  Retrieved February 15, 2005, from Business Source Premier.
• Brenner, Robert. (2007). A comprehensive study of the virtual services industry. CA:
  Brenner Information Group.
• Finkelstein, Brad. (2005 February-March). Virtual assistant a reality. Broker
  Magazine. 7(1). Retrieved February 15, 2005, from Business Source Premier.
• Gregory, Kip. (2003, August). 21st century prospecting. On Wall Street. p. 61.
  Retrieved February 15, 2005, from www.onwallstreet.com
• International Virtual Assistant Association. Retrieved February 16, 2005, from
  http://www.ivaa.org.
References Cont.
• Marks, Susan J. (1999, December). Virtual assistants fill staff gaps. Microtimes
  Magazine. 201. Retrieved February 16, 2005, from
  http://www.thevirtuallink.com/pdf/microtimes.pdf
• Moncel, Carolyn (2004, July 6). Starting a virtual assistant business.
  Entrepreneur.com. Retrieved February 16, 2005, from
  http://www.ivaa.org/press/wall-st-journal-12-14-04.htm
• Nasaw, Daniel. (2004, December 14). Cost-cutting, tech advances spur call for
  “home-sourcing.” Wall Street Journal. Retrieved February 16, 2005, from
  http://www.ivaa.org/press/wall-st-journal-12-14-04.htm
• Today Show. Retrieved March 28, 2009, from
  http://video.msn.com/?mkt=en-us&brand=msnbc&vid=fda5aec6-5250-
  43c2-936f-dfac1ec2033d
• US Census Bureau News. Retrieved March 25, 2009, from
  http://www.census.gov/Press-
  Release/www/releases/archives/business_ownership/007537.html
References Cont.
• Williams, Sharon. Alliance for Virtual Businesses. Retrieved February 16, 2005,
  fromhttp://www.allianceforvirtualbiz.com/survey.html
• Zieger, Anne. (1998, September). The many virtues of virtual services. Business
  Week’s Enterprise. Retrieved February 16, 2005, from
  http://www.businessweek.com/smallbiz/news/columns/98-
  37/e3595059.htm
• Additional Websites
• www.guru.com
• www.elance.com
• http://allianceforvirtualbiz.com/resources/page_3.html
• http://www.crtechnologyinc.com/

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International Business Environments and Operations 16th Global Edition test b...
 

Final Nbea 09 The New Entrepreneurs Without Notes

  • 1. The New Entrepreneurs: Virtual Assistants Rose Marie Kuceyeski, Ph.D. Owens Community College NBEA, April 8, 2009
  • 2. “Change is the law of life. And those who look only to the past or the present are certain to miss the future.” John F. Kennedy
  • 3. My Role • Share the scope of the new entrepreneurs focusing on the virtual assistants—who 1 they are and where they are. • Achieve an understanding of the extent of virtual assistant programs at the post- secondary level and how they provide a 2 unique opportunity for growth. • Explore ways a VA program may be developed and its practical uses. 3
  • 4. “One who organizes, manages, and assumes the risks of a business or enterprise.”
  • 5.
  • 6. VAs Defined • Provide administrative, creative and/or technical services • Utilize advanced technological modes of communication and data delivery • Assist clients in his/her area of expertise from his/her own office on a contractual basis
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  • 8. Evolution of VAs 1995 33,559 Virtual VA assoc. 5,000 members 2007 Comprehensive Study of the Virtual Services Industry, Brenner.
  • 9. Who Are They? • Work-at-home moms • Downsized executives • Displaced workers • Baby boomers nearing retirement • People with disabilities • People in rural locations • Military Spouse VAs
  • 10. Survey of virtual services industry supplied the following information (2007): • 55.6% of Virtual Professionals in US are women • 99.1% women (primarily admin support, data entry, wp) • Larges concentration in US, India, and Canada • 81 percent are located in the U.S., (California 4,063; Texas, 2,608; Florida, 2,507; New York, 2,303.) • 1,550 provided educational level, over half have bachelor’s degree or higher 2007 Comprehensive Study of the Virtual Services Industry, Brenner.
  • 11. Core Competencies for Emerging VAs Professional Skills Personal Skills People Skills Education Office Standards http://allianceforvirtualbiz.com
  • 13. Services Offered Virtual assistant (VA) admin services (42%) Graphic design (41%) Web services Software services
  • 14. Top Programs - US VPs MS Office 57.4% PPT 51.1% Photoshop 45.0% HTML 43.6% Word 40.8% Excel 39.7% Dreamweaver 38.7%
  • 15. Top Programs - US VA Admin Word 92.6% Excel 86.8% MS Outlook 76.0% MS Office 74.4% PowerPoint 70.2%
  • 16. Billing Rates $16.87/hr. $$51.96/hr.
  • 17. Revenue Based on Gender Gender Revenue Average $/Hour Range Average Range Revenue $/Hour Females $10,234- $33,649 $8-$65 $32.26 $233,262 Males $10,000- $32,144 $12-$100 $48.82 $271,320 2007 Comprehensive Study of the Virtual Services Industry, Brenner.
  • 19. Client Benefits • Only pay for the time the VA works either by task or project • No continuing education assistance for employees • No extra office space, furniture, computers, software, telephone, printers, etc. that normal employee staff requires • No overtime pay when projects must be completed by a specific deadline • No unemployment insurance, sick leave, vacation pay, health or dental insurance
  • 20. Entrepreneurship in Business Education • Broaden the scope of entrepreneurship courses to include virtual professionals • Include how to become a virtual professional and conduct business in cyberspace • Address how to successfully partner with a virtual assistant
  • 21. Opportunities for Business Education • “Employment of secretaries and administrative assistants is expected to increase about 9 percent, which is about as fast as average for all occupations, between 2006 and 2016.” • Presents challenges to the administrative/office support programs • Almost half (49 percent) of the nation’s businesses are operated from home, and more than 6-in-10 owners used their own money to start the business, according to new U.S. Census Bureau reports on characteristics of businesses and business owners.
  • 22. Administrative Virtual Assistant (AVA) • Conducted research on the Internet and through e-mail questionnaires to virtual assistants • Reviewed courses in the School of Business and Information Systems to determine which courses addressed the necessary skills • Reviewed the curriculum and provided input from VAs • Reflected a true partnership of the School of Business and Information Systems • Developed Spring 2005
  • 23. Certificate Program Course Name Semester Credit Hours Introduction to Small Business 3 The Legal Environment of Business 3 Introduction to E-Business 3 Internet for Business 1 Troubleshooting Applications 3 Integrated Office Communications 3 Virtual Assistant Coaching Seminar 2 OAD/IST Electives 6 Total Semester Hours 24
  • 24. Institutions • Sacramento City College, CA • Red Deer, Canada • Riverside Community • Palomar College, CA College, CA • Portland Community • Raymond Walters (UC), OH College, OR • Stark State College, OH • Springfield Technical • Santa Rosa Junior College, CA Community College, MA • Southwestern Community • Sierra Community College, College, NC CA • Manchester Community • American River College, CA College, CT • Wake Technical Community College, NC
  • 25. Virtual Assistant Coaching Seminar This online course will emphasize understanding the virtual assistant concept, business planning, establishing a web presence, specialty services, operating the business, and other topics as needed. The goal of this class is to create a workable virtual assistant business and marketing plan.
  • 26. Course Objectives • Have a thorough understanding of the virtual assistant business. The student will also have a completed business plan and marketing plan that establishes mission, goals, and objectives; • Demonstrate competency in writing business goals and determining a sustainable competitive advantage; • Be prepared for the job market by becoming aware of the many facets of operating a small business; • Demonstrate personal, professional, and ethical growth by integrating the core business components that have been learned during your college experience into a real business plan presentation.
  • 27. Text Used Virtual Assistant – The Series, Become a Highly Successful, Sought After VA, by Diana Ennen and Kelly Poelker, Third Edition Revised. Another 8 Hour Publishing, ISBN 0-9742790-5-6
  • 28. Assignments • Marketing Plan PowerPoint Presentation • Virtual Assistant Interview • Individual Business Plan Components • Discussion Board Participation • Final Project: Business Plan
  • 29. Virtual Professionals • Mortgage professionals (Close-more-loans.com) • Consultants (marketing, computer, Tech Problem Solver) • Insurance agents • Programmers • Graphic artists • Realtors (www.WebMLS.net) • Accountants (Virtual Growth, Inc.) • Human Resources (Employease.com)
  • 30. “There will come a time when big opportunities will be presented to you, and you’ve got to be in a position to take advantage of them.” Sam Walton
  • 31. 60 Seconds of Cool Curriculum/Marketing Ideas
  • 32. References • References for The New Entrepreneurs: Virtual Assistants • A New Frontier: The advent of the virtual assistant (2005). Retrieved February 16, 2005 from www. womentoday magazine.com • Brice, Stacy. (2002, April). New way of work takes hold. Office Pro, 63(3), Retrieved February 15, 2005, from Business Source Premier. • Brenner, Robert. (2007). A comprehensive study of the virtual services industry. CA: Brenner Information Group. • Finkelstein, Brad. (2005 February-March). Virtual assistant a reality. Broker Magazine. 7(1). Retrieved February 15, 2005, from Business Source Premier. • Gregory, Kip. (2003, August). 21st century prospecting. On Wall Street. p. 61. Retrieved February 15, 2005, from www.onwallstreet.com • International Virtual Assistant Association. Retrieved February 16, 2005, from http://www.ivaa.org.
  • 33. References Cont. • Marks, Susan J. (1999, December). Virtual assistants fill staff gaps. Microtimes Magazine. 201. Retrieved February 16, 2005, from http://www.thevirtuallink.com/pdf/microtimes.pdf • Moncel, Carolyn (2004, July 6). Starting a virtual assistant business. Entrepreneur.com. Retrieved February 16, 2005, from http://www.ivaa.org/press/wall-st-journal-12-14-04.htm • Nasaw, Daniel. (2004, December 14). Cost-cutting, tech advances spur call for “home-sourcing.” Wall Street Journal. Retrieved February 16, 2005, from http://www.ivaa.org/press/wall-st-journal-12-14-04.htm • Today Show. Retrieved March 28, 2009, from http://video.msn.com/?mkt=en-us&brand=msnbc&vid=fda5aec6-5250- 43c2-936f-dfac1ec2033d • US Census Bureau News. Retrieved March 25, 2009, from http://www.census.gov/Press- Release/www/releases/archives/business_ownership/007537.html
  • 34. References Cont. • Williams, Sharon. Alliance for Virtual Businesses. Retrieved February 16, 2005, fromhttp://www.allianceforvirtualbiz.com/survey.html • Zieger, Anne. (1998, September). The many virtues of virtual services. Business Week’s Enterprise. Retrieved February 16, 2005, from http://www.businessweek.com/smallbiz/news/columns/98- 37/e3595059.htm • Additional Websites • www.guru.com • www.elance.com • http://allianceforvirtualbiz.com/resources/page_3.html • http://www.crtechnologyinc.com/