Virtual assistant is the transferring activities or ownership of a complete business process to a different country from the country (or countries) where the company receiving the services is located. This is primarily to access a lower cost labor market, but may also be to access additional skilled labor or establish a business presence in a foreign country.
Securing a virtual assistant occurs when a company re-establishes a business unit, process or function in a country where the costs of fulfilling the work are lower. In offshoring, the rest of the company's business functions continue to operate in their country of origin.
A company that's offshoring often hires a local workforce to perform the same job responsibilities that employees in the business's country of origin originally performed. Once the company chooses an offshore location and hires staff, the business functions resume as they were before but at a lower cost.
My Exec maintains a variety of companies that offer virtual assistant services and can seamlessly complement any business segment such as:
1. Greater availability
Companies can achieve greater availability for their customers if offshoring takes place in locations that allow them to offer 24/7 customer service in the company's original time zone. This type of availability may not be possible at a cost-effective rate in the company's original time zone but offshoring can make this possible at a lower cost. For example, having IT Support experts located in countries with different time zones ensures there's always someone available to assist customers.
2. Decreased labor costs
Offshoring allows businesses to pay less for labor-intensive processes such as manufacturing, customer support, information technology development and coding. These services may cost less to sustain in the offshore location. Not only is the cost of labor less expensive but there may be more people interested in working in these types of positions.
3. Lower tax obligations
Countries in which offshore labor is prevalent often look for ways to incentivize companies to establish operations and hire local employees. This can be a boon to their local economy, which benefits the country and its population. To attract companies to offshore, these countries may create tax laws that benefit foreign companies that establish operations in their country.
4. Improved cash flow
Reduced operating expenses can im prove cash flow for a business freeing up that cash allows for reinvestment in research and development and increased profitability. This means greater profit margins and more money that business leaders can circulate back into growing the company.
Admin support
We take care of all those little things that eat away into your productivity. Whether it’s navigating the internet for information, noting down minutes of an important meeting, creating a spreadsheet, or formatting a presentation, we are the experts. And of course, scheduling meetings and arranging your travel, coordinating with your other stakeholders are all part of our admin services.
Document Formatting
Spreadsheet, PowerPoint and Word documents are most popular with our customers. We format, proofread and present simple to complex documents in more meaningful ways.
Minutes Taking
Pay attention to the big picture at meetings and allow our team to take notes. We can sit in on meetings and provide summaries for you to review or transcribe and list the key points.
Email Management
Sort, tag, flag your inbox and receive a daily email summary that reminds you whom to respond, when and where your next meeting is and what your prioritized agenda is.
Online Search
Navigate the internet with our research services and find exactly what you need for your next project.
Event Management
From providing multiple venue options to sending out the perfect invite, our event coordinators help you manifest the event you’ve imagined.
Scheduling Meetings
Let Brickwork be your daily planner – we schedule and co-ordinate meetings, manage your calendar and keep you updated with a prioritized itinerary.
Expense Management
Categorize your expenses and stay on course with your financial goals. Our assistants track your personal and business expenses while offering insights into your spending.
Travel Booking
Start your vacation early – let us handle the details and plan your down-time. We offer flight and hotel options, coordinate bookings
My Exec LLC
13506 Summerport Village Parkway Unit 145, Windermere, Florida, United States 34786
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