When it comes to being a stay-at-home mum, there are two things we know for sure; First of all caring for a family is easily a full-time job on its own and secondly, being able to do so while generating an income is something many mothers would love to be able to do.
These days, lots of mums are considering a home-based business but the idea of loading down that already packed schedule with a business can be daunting. Neverheless many a brave mum is venturing into the arena of home-based business and learning to balance the demands of business with the demands of keeping a family healthy and happy.
Have you got what it takes? I think you most certainly have and I've come up with a few hints to help you get started!
Be Honest with Yourself
To be able to start and maintain a successful home business, particularly with so much going on with your family life, there are two key steps that you must take.
First of all, be completely honest with yourself, about your strengths and weaknesses, about the type of business you'd like to start and above all about any scheduling restrictions that may be taken about by family life.
Depending on your situation, ie whether you're a single mum or coupled with a reliable, supportive partner, the ages of your kids, how much sleep you're able to get on the average night, etc., the hours you have available To work on your business may be very different from those of a business owner who primary focus is not managing a household with young children.
But that does not mean it can not be done!
The second step is to be highly organized about your business right from the start, which can and will help reduce any chaos thought about by an intensely busy and / or unpredictable lifestyle.
By mapping out your business in accordance with your day-to-day reality you'll be less likely to be held up by pitfalls along the way such as a week of sleepless nights due to teaching or trying to schedule client calls around nap times.
Focus on your strengths above all else and find help for anything that may be perceived as a difficulty, by doing this you'll be much more capable to focus your energy on building your strengths rather than fixing weaknesses which is always a sure path to success !
A Few Hints for Staying on Top of It All!
- Keep a daily log of all your business activities, including records of everything you've done to further the business and any interviews you collect along the way.
- Find a good accountant and work toward developing a relationship based on open communication; Next to you, your accountant will be one of the key figures in the success of your venture. A good accountant will ensure that you have all the paperwork you need and that you receive every deduction you are entitled to.
- Always keep your business and personal finances separate by making sure to open a separate bank account for your business and track business expenses separately. Not only will this be helpful at tax time, it's also essential for recording your assets and liabilities, which will be important should you ever wish to obtain financing of any sort.
- Stay organized when it comes to any electronics or other equipment you use for your business, on paper and in the office. Remember not only to document each purchase and store receives, but be sure also to keep your office electronics clean, uncluttered and well-maintained. Keep cords and cables neat and tidy and whatever you do, do not forget to child-proof your office space!
Supplementing your family income by becoming a Mompreneur is a fantastic idea that so many women are wildly successful at. With hard work, balance and dedication you'll be sure to make a smashing success of it!