As a business owner, you likely make many financial decisions, and your team is part of that. So, when you’re considering hiring an executive assistant, the cost likely comes to mind. However, many factors go into the decision to hire an EA beyond cost, and I’m breaking them down below.
You’re Buying Back Your Time
Without an executive assistant, you’re the executive assistant. This means you’re spending your time being your own EA, handling things like scheduling, follow-ups, travel coordination, managing email, etc. Your time is valuable, so hiring an EA gives you that time back to spend elsewhere in the company.
What Could You Do With That Time?
When you bring on an executive assistant, it frees up time to do other things. Support gives you time to build better relationships with your network, speak more, attend more conferences, and do so without returning to an overloaded inbox. You can do a myriad of things with your newfound time when someone else is handling your administrative work.
Doing It Yourself Isn’t Free
You may feel as though you’re saving money by handling everything yourself. You don’t get an invoice when you do your own administrative work, so it feels free. However, you’re paying with your time. As the owner of your company, you may not think about how valuable your time is, but it’s worth a lot. That said, how you spend your time matters. As your company grows, your time becomes more valuable, and that tradeoff matters more.
The Return Isn’t Always a Dollar Amount
When you think about spending money in your business, you most likely consider the ROI. When it comes to hiring an executive assistant, ROI isn’t always a specific dollar amount. The return can also be fewer dropped balls, better follow-through, protected time, less stress, more consistency, and more. All of these things are important for both you and your company.
When you look at executive assistant support only as an expense, it’s easy to focus on what you’re spending. But it’s just as important to think about what you’re getting back. Your time is one of your most valuable resources, and the right support lets you spend more of it where it makes the biggest difference in your business.
If you’re considering executive assistant support but wondering whether the investment makes sense for you, let’s have a conversation. We can talk about where your time is currently going and what having the right support could give back to you and your business.
