Many stay-at-home moms dream of launching a successful home-based business. While it can undoubtedly be challenging, it’s doable with a bit of planning. If you want to get on the road toward success, here are some tips that can help.
Enhance the Right Skills
Instead of hopping directly into launching your business, take a moment to set yourself up for success by enhancing the right skills. Many mompreneurs assume that activities like social media marketing, financial planning, and creating a business plan are straightforward. In reality, it can take a little time to hone those capabilities.
If you want to avoid a trial by fire, spend some time skill-building. Attend small business workshops in your area, study strategies online, and otherwise take a deep dive into the world of operating a company, ensuring you have a strong foundation.
To pave the way for future success, you may want to return to college for an advanced degree. By enrolling in an online MBA program, you’ll increase your knowledge of research, strategic planning, economics, and marketing. Plus, it’s a flexible approach, supporting a better work-life-school balance.
Find the Best Free Tools and Resources
Regardless of the kind of company you’re operating, starting a business can be expensive. If you want to keep costs down, spend some time familiarizing yourself with the free online tools and resources that can help your business thrive.
While your need will depend on your business type, consider options like:
If you need to update the content of a PDF, check out Adobe’s PDF to Word converter. It’s easy to use and simplifies adjusting the documents, making it an asset.
Make a Plan for Handling Tasks
Another step you want to take before actually starting your company is creating a plan for handling your tasks. As a stay-at-home mom, maintaining a work-life balance is likely essential. Since launching a company can be cumbersome and time-consuming, it’s best to have a strategy that allows you to manage your professional and personal responsibilities.
For example, you may need to time out when detail-oriented work can happen. If your child is younger, handling those responsibilities during nap time or after they head to bed at night could be best. For school-age children, focusing on activities that require your full attention during school hours or while they’re working on homework could be a solid fit.
By considering the potential challenges ahead of time, you can develop mitigating strategies. As a result, you’ll have an easier time working from home with kids, allowing you to achieve a better work-life balance.
Get Your Company Moving
Once you have a solid plan and familiarize yourself with key tools and resources, it’s time to formally launch your company. Typically, that means selecting a business structure and registering your business.
If you aren’t sure which option to choose, don’t default to a sole proprietorship. While it’s the simplest option, you may be better served by going with an LLC. Along with limited liability, you’ll get tax advantages and flexibility. Plus, it doesn’t involve as much paperwork as you’d expect.
If you want to bypass attorney fees – which can run between $100 and $400 per hour – consider using a formation service or filing yourself. Just take a moment to read formation laws in your state, as they vary from one location to the next.
For the guidance, you need to lead your business to success, book a session with A Curvy Mom.
By: Leslie Campos hopes to provide relief and tips for other busy parents through her site Wellparents.com. Parents can find a variety of information from stress-busters to exercise ideas to healthy eating tips.