Being a mother is hard, underpaid, and often times, thankless job, right? Well, guess what, so is entrepreneurship. That’s why being a mom can prepare you for starting your own business like nothing else in this world.
Being a mother teaches you:
- Not sweat the little stuff
- How to juggle multiple tasks
- To come up with a schedule
- How to save money effortlessly
All of these qualities transition perfectly into the world of entrepreneurship. Even if you’re not really aware of that. So if you want to start your own business, as a mom, you already have a head-start compared to your unmarried peers.
5 Things Every Mother Should Know Before Starting a Business
You’re probably thinking, all of this is great, but how will it help you with entrepreneurship? After all, you need some practical advice. Don’t worry, we got you covered. Here are five things every would-be-entrepreneur mother should know before starting a business…
Laws and Regulation (Do Local Research First)
When starting your own business, the first thing you need to do is file for a limited liability company. Although there’s a ton of information online on how to go about creating an LLC, you should seek legal guidance from a professional. Every state has its own laws and you can’t learn all about them from a few days of research.
For example, if you live in Houston, you need to find out what do you need to form a Texas LLC? If this is the case with you, here are the steps you need to take in order to form an LLC:
- First off you need to come up with a name for your LLC
- Select a registered agent that will help you with legal problems
- Sit down with a legal professional and file articles of organization
- Come with an operating agreement if you have any partners
And that’s just the start….
Outsourcing (Learn When to Reach Out for Help)
These are just the first steps you can take. There are many other things you need to take care of legally if you want to have a legitimate LLC. Since laws and regulations differ from state to state, this is one area where you can’t afford to be cheap. But that’s not the only area in which you’ll have to reach out to someone.
Since you’ll be working on your own, you’ll develop a tendency to do all of the work yourself. Yes, this is quite cost-effective and is necessary at times. However, you need to recognize which tasks are not only cheap to outsource but necessary.
As a mother, you recognize that there were times when you couldn’t get anything done, without outside help. If you ever hired a cleaning service, landscape company, or even a babysitter, you certainly know just how much outside help matters sometimes.
Certain industries will demand that you hire one or more employees, as you simply won’t be able to fulfill your every business need on your own. If you are starting a restaurant, you will need to have at least one cook on hand. In some regions, continuing education and training may be necessary. Online food handler’s certification training is available via providers like 360 Training to ensure the observation of food health and safety standards at all times.
Analysis Paralysis (Why You Need to Avoid It)
Without market research, you wouldn’t know if there’s really a market for your product or service. You probably know that most companies fail because there’s no actual need for what they’re offering. And you don’t want that to happen to you. However, when doing research, you need to be careful.
If you overdo it, you’ll only end up preventing yourself from launching your business successfully. Some would-be entrepreneurs don’t even get to see the start of their careers because they get stuck waiting for the perfect time to go into business.
Yes, you want to be prepared for most pitfalls, but in reality, you won’t be able to prepare yourself for every single problem. Sit down, do your research, come up with a game plan, and stick with it. Try not to bury yourself neck-deep in research for no reason.
Distractions (How to Limit Them at Home)
In the beginning, you’ll probably do most of your work from home. Around 50% of all small businesses are home-based. After all, not renting an office is a huge money-saver, especially if you don’t have a staff full of workers. Not only will this save you a lot of money in the process, but it will also allow you to spend more time with your family when you’re working. But being a stay-at-home entrepreneur mom comes with a number of challenges. The biggest one of them is staying focused on your work.
That’s why you should keep your phone off during work hours, have designated time for work, and stay off social media during work hours. Also, you need to explain to your children that sometimes that your work is important to your household and start teaching responsibility.
Scheduling (Balancing Home and Work-Life)
Speaking of avoiding distractions, the biggest ally you’ll have during the first year of work will be your schedule. Running a home-based business can easily eat away all of your time. While you definitely want to succeed, you also need to remember why you’re doing all of this in the first place. That’s because you want to help your family.
But you can’t ignore your family. You have to carve out time for them. And remember, it’s not about how much time you spend with time, but how you make use of the time you have together. As with everything, quality beats quantity. So make sure you and your family stay active during designated family time.
Start Your First Business Today!
There will be many obstacles in your professional career. But with enough planning, work, and effort, you’ll be able to make things work.
Here’s what you need to take from this article:
- When starting a business, take care of legalities first
- Don’t be afraid to outsource some of the work
- Avoid overthinking and over planning and go with your gut feeling
- Work from home but make sure to limit your distractions
- Make sure to have some time dedicated to your family life
Going into business on your own will allow you to stay flexible and adjust your plans on the go. In turn, this will allow you to find success in your industry without compromising the time you want to spend with your family.