When you start your journey as a mompreneur, you’re certainly not aware of the challenges that may come along. In the first few months, you will most likely have generated a plan for your business and set the tone for your expectations. Nevertheless, you absolutely need a surefire way or should I say: a survival kit so that you have it all together and you are producing an income.
So, I’m giving you a few pointers and things to keep in mind to make this happen.
The last thing you should be doing is putting pressure on your shoulders. This is unfair to yourself as a new business owner. All entrepreneurs have to go through some type of learning phase and being a mom on top of it all can be challenging.
However, it is certainly doable. Most moms are what I call ‘the Jackie of all trades’, so giving yourself time is the best thing you can do in the beginning.
Just think, in the first few months you will have learned several methods and strategies that will take your business forward. Choosing one or two of these are enough when you’re just starting. Master them, and then learned something new.
Separate your expenses.
A lot of times, mompreneurs don’t see the importance of separating expenses in the household from the business. This isn’t a hobby that you’re just playing around with on the side. It’s your actual business.
When you’re in the trenches of your business, it may not be such a priority and that’s understandable. But eventually you might want to think about having separate bank accounts; one for the house bills and the other as a business account.
Budgeting is very essential so think about using a spreadsheet to list all of your expenses. This way you can keep track of what’s coming in and what’s going out. You’re going to need to keep some sort of record for tax purposes also.
Have time blocks.
Your time is valuable.
At some point you have to let your kids know this as well. Make adjustments to the demands of your kids where time is an issue. Try to set aside blocks of time for being uninterrupted unless of course there is an emergency.
If you’re a single mom like I am, you may have a better chance at setting your work times while your kids are sleeping or in school if they are school age kids. This can actually work quite well if you let it. There’s nothing like getting your work done when you have peace in your mind.
Get support from other mompreneurs
You don’t have to go at it alone. There are always other moms who will experience some of the same emotions and feelings that you are while working on building a business. Look at groups on LinkedIn, Facebook, and forums to find other moms with the same interests as you. Share your ideas and participate in online work at home mom (WAHM) communities.
Socializing with other mompreneurs can give you such an outlet for real world feedback on what’s working and what’s not working. Raising a family and building a business at the same time takes skill, but once you get support and get the hang of it, you’ll be just fine.
The first year or so in business is all about learning. I probably made about $500 my first year in business. Some things will work and other things won’t. It’s all about growth and being open to facing obstacles to get where you want to be in business.
Stay focused on the lucrative business you will have, the freedom life you will be living, and the wonderful life you will give to your kids. Nothing else matters. -C