Are you holding the family purse strings a little bit tighter these days? We’re all feeling the financial pinch of the COVID-19 pandemic lately. Some moms are deciding to do something about it by starting their own online businesses.
Why Start an Online Business and Become A Work At Home Mom?
It’s no secret that it’s tough for stay-at-home moms to re-enter the workforce. Not only are you passed over in favor of candidates with recent experience, some employers assume you can’t be a committed employee and a committed parent.
Starting a business lets moms skip the stigma and go back to work on their own terms. Whether you want to work part-time or full-time, freelance, or build a full-fledged business, you can do it at home on a schedule that works for you by starting an online business.
What to Know Before Starting a Business
Starting a business offers flexibility and freedom, but it’s also a lot of work. Here are three things you’ll need to handle before launching a business:
Your business plan
A business plan is critical for businesses of any size. Even if you’re not seeking funding, a business plan provides a road map and answers important questions about your business’s market, competition, and strategy.
Legal and organizational requirements
Before you can call yourself a business owner, you need to form a business entity. First, conduct a search to ensure your business name is available, then submit the necessary forms and fees for your chosen business entity and apply for an Employer Identification Number (EIN) with the IRS.
Depending on industry and location, you may also need professional licenses, business permits, tax permits, and insurance coverage to legally operate your business. Some home business owners also require a zoning variance.
Timelines and funding
How will you fund your business and how long until your venture can pay for itself? Forgetting to answer these questions is a big reason new businesses fail.
Make sure you have the financial resources to cover startup costs and include a cushion in case it takes longer than expected to become profitable. Avoid common mistakes like neglecting a rainy day fund or mingling personal and business accounts.
Work-at-Home Mom Life: 5 Tips for Juggling It All
For most moms, the hard part of starting a business isn’t the logistics. After all, we’re used to keeping track of a million things at once. Where we struggle is balancing mom guilt with productivity guilt.
Becoming a work-at-home mom requires changing your expectations, but YES! YOU CAN WORK FROM HOME! You might not have dinner ready at 5:30 p.m. sharp or a magazine-worthy house, but you can have happy kids and a healthy work-life balance with these tips:
Start the day right
Mornings set the tone for the day. Make sure yours starts off on the right foot by eating a healthy breakfast together and getting everyone dressed and ready. Starting each morning with quality time sets kids’ expectations for the day and provides the undivided attention they crave.
Designate a workspace
Depending on your children’s ages, working in the privacy of a home office may not be an option. However, that doesn’t mean the couch or kitchen table should double as your office. Defining a workspace helps you get in a focused mindset and creates clear boundaries for kids.
Encourage self-directed activities
Breaking kids’ habit of relying on you for entertainment is a major challenge for stay-at-home moms turned work-at-home moms. While it takes practice, teaching kids the art of self-directed play is a lifesaver for working parents.
Work in bursts
Flexibility is one of the biggest benefits of working for yourself, so take advantage of it. Work in short bursts, alternating focused work with breaks for self-care and quality time with the kids. Working with your kids’ schedule is much easier than working against it!
Get help when you need it
Have a project you really need to focus on or a conference call that’s going to take half the day? Instead of praying the kids stay well-behaved, hire a sitter to handle kid duty for the day.
For stay-at-home moms, starting a business is a path to financial freedom, personal growth, and a new career. Better yet, you don’t have to leave the house to do it! When you’re ready to start building your online business, contact Sassy Content Creation to see how we can help you achieve your business goals.
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