How Can an Executive Assistant Add Value to Your Business?
There’s no doubt that investing in your business can feel risky. But if you’re smart about it, the rewards can be well worth the investment. As the folks at Harvard Business Review put it, “the best executive assistants are indispensable.”
At Headroom, we agree. EAs are much more than just task managers or email jockeys.
They’re agile, proactive problem-solvers who are always looking for ways to add value to their organizations. In other words, they can make a big impact on your bottom line.
So if you’re considering hiring an EA, don’t hesitate. The return on investment could very well be the best decision you ever make for your business.
Read on for all the ways we at Headroom believe an executive assistant can add value to your organization.
1. An executive assistant helps you be more productive
As the founder of your company, you’re probably keenly aware of all the little inefficiencies that keep your startup from growing as fast as it could be. And when it comes to your own time, we bet you’re spending close to 28% of your day on admin tasks.
That’s where an EA comes in.
An executive assistant can help you be more productive by:
- Keeping track of your schedule
- Handling email correspondence and phone calls
- Taking care of other administrative tasks that they are trained to do efficiently
This frees up your time so that you can focus on more important matters — like the strategy of growing your business.
Good EAs will also help you stay organized and on top of your work by managing your projects, preparing reports, and tracking deadlines and growth metrics.
Continental Advisors estimates that C-Suite execs who outsource their admin tasks to an EA save up to 9 weeks of time and money per year.
2. An executive assistant challenges you to stretch your limits and grow
Maybe you’re thinking, “I’m hiring an executive assistant, not a life coach.” But bear with us.
An executive assistant can challenge you to grow into a more effective leader. As your right-hand person, they can help you develop a greater understanding of what it takes to run a successful business through conversations and even debates.
It’s their job to know you better than anyone else, anticipate your needs, and be honest with their feedback. Many business leaders trust their EAs to be their confidantes, running ideas by them and talking strategy.
Beyond business strategy, EAs can also provide invaluable insights into how to best use your time and resources (since time management is their expertise). By constantly pushing you to be better and more efficient, an executive assistant can help you reach your full potential as a business owner.
3. An executive assistant helps you be more creative
When do you come up with your best ideas? Not after a week of answering hundreds of emails or attending mind-numbing meetings that could have been emails.
An executive assistant can help you be more creative by taking on some of the more mundane tasks that you have to do on a daily basis. This frees up your time and energy for more creative projects.
But that’s not all. An executive assistant can help you brainstorm ideas and come up with new ways to approach problems. Having someone to bounce ideas off can help you be more creative and come up with solutions that you may not have thought of on your own.
Lastly, do you ever dream of taking a week off work to do a creative retreat in the forest with some of your closest collaborators? Your EA can organize that for you too.
4. An executive assistant helps you achieve better work life balance
An executive assistant can give you work life balance by helping you to manage your time and workload efficiently. They can take on tasks that you may not have time for, keep you organized and on track, and ensure that you meet deadlines and stay on top of your commitments. This frees up your schedule to focus on the things that are most important to you.
And sure, we’ve spent most of this article talking about how you can use your newly freed-up time to focus on growing your business. But you can also use it to spend time with your family, go on vacation, find a life partner — you know. The things that really make life worth living!
PS: Some would say the ROI of having a well-rested and happy CEO is incalculable.
Get inspired by LiveLike CEO Miheer Walavalkar and how he achieved more growth for his company with less stress by working with a remote EA.
5. An executive assistant increases collaboration
Collaboration and communication between individuals and departments not only makes an organization run smoothly; it’s also often the source of good ideas.
An executive assistant can help to increase that collaboration among your employees by facilitating communication between different departments and individuals and ensure that information is shared efficiently. This can help to create a more cohesive working environment and enable better decision-making.
No one will feel left in the dark, and people will be excited to share their perspectives across teams. Let your EA help you break down the silos in your organization!
They can even organize team offsites to further enable collaboration and cross-pollination, which can be a boon for employee engagement and motivation.
Speaking of which…
6. An executive assistant can make your employees feel more engaged
Believe it or not, the effects of you being more engaged in your job trickle down to your employees.
Now that your EA is helping you spend more time on the things you really want to be, you’re probably more fired up about growing your business. And your employees will be able to feel that energy from miles away.
But it’s not just that. As a busy tech exec, you probably haven’t remembered anyone’s birthday in years. Your EA can help with that:
- They can remember birthdays
- Send the card around for their teammates to sign
- Organize work social events, send appreciation gifts on your behalf
- Get cool company merch
And all the little things that make your employees feel excited to work hard for you and stay with your company for a long time.
The ROI of this kind of benefit is hard to calculate, but some estimate that an engaged employee is up to 17% more productive than a regular employee. Now times that by the number of employees working for your business. The payoff could be huge!
Conclusion: Try a flexible membership with an executive assistant service
From managing organizational details more efficiently to giving you time to focus on growing your business, it’s clear that hiring an executive assistant can add a lot of value to your business.
But if you’re not ready to take the plunge and hire a full-time EA in-house, why not try a remote executive assistance service like Headroom? Our network of highly-trained EAs can provide you with continuous service at a fraction of the cost of an in-house employee.