Founder Finances: A virtual assistant mentor shares the budget that helps her reach $15,000 in monthly sales.
Prior to starting her business, Lauriel Arkeah Co., Mathis studied at the University of San Francisco. To pay for tuition, Mathis worked for a leasing agent at a nearby apartment complex and made $20 per hour. When she learned there was a pay disparity between herself and a coworker, she sought a new career with more upward mobility and a higher salary.
Mathis shared her budgets, both as a virtual assistant and as a mentor, with Insider to show the importance of founders investing in themselves and budgeting for growth. Mathis' June 2022 budget shows her spending as a mentor — which came out to $4,885 — while the November 2021 budget reflects her costs as a full-time virtual assistant and equals $2,833.have to hire a virtual assistant
"I'm very big on investing in my business and on gathering knowledge," she said."Because if people are going to come and work with me, I want to give them the best of the best." When Mathis started her business, she didn't know how to manage her entrepreneurial finances, such as how to allocate the money she earned. She hired an accountant, which she said remains one of her most worthwhile costs. In June, Mathis paid $654 in accounting and consulting fees.
Along with the accountant, Mathis has also hired a virtual assistant, whom she pays $1,545 monthly. Having the extra set of hands helps Mathis complete the necessary administration and marketing tasks for her business. Courtesy Mathis
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