If you’re a new mom you may not think that the timing is right to start a new home business, but the timing may actually be perfect. You’re probably already rethinking how you spend your time and how you’re going to need a job with some extra flexibility. Your baby might even be the reason for your new idea; many new parents have created products out of accidental trial and error and last-minute need.
Of course, you do need to think about the serious risks and things that you’re giving up, like a weekly paycheck. Everyone is different but if you find that the risk is worth the reward then read on to find out about what it takes to succeed as a mother and as a CEO of your own business, run from home.
1. The Work is Going to be Hard
People often believe that working from home is just sitting at home all day, but the reality is much different. They don’t realize that there is actual work that must be done, and it all falls on your shoulders. It may look comfortable and relaxed to your family and friends, and maybe even your overworked spouse, but small businesses require a great deal of effort when starting off. Remember to work towards bringing in new clients and really growing your business because there may be a lot of naysayers in the beginning.
2. Find Balance
This may be hard at first, but just like when you had your new baby, you had to completely change up your schedule. Eventually, you made it work and it was all worth it. That’s just how running your business from home will be. Remember that creating a schedule that works for you, your business, and your family will take time to get used to. There will be twists, turns, and unexpected blow-ups; you might feel like you’re failing if you don’t see the revenue you want rolling in right away. It’s important to stay grounded, though. Take a step back whenever necessary, and persevere through the bad times and know that the good times are on the way.
3. You and Your Baby Need Health Insurance
If you live in an area where your health insurance needs are covered or if your spouse has good insurance to cover your whole family, then you don’t have to worry about this one. Single moms, however, need to take their baby’s health into consideration before starting a new business. Health insurance is a must when it comes to your child (and yourself), so be sure to budget this in.
4. Set Realistic Expectations
It’s okay to dream; that’s how you came up with your business in the first place. But if you think that running a business and taking care of your family is going to eventually become a piece of cake, you may want to rethink some things. There are immense perks for moms with their own home business; you get greater flexibility, more time with your family, the ability to oversee your children’s needs with greater ease, however, the challenges will be there without a doubt. When you’re juggling a full-time business with a full-time family, things can and will go wrong. You might need to take an important phone call just when you can’t get your child to stop crying, or you might have to skip out on date night with your spouse because one of your clients is in China needs immediate attention at an unusual hour. This goes back to #1, if you think you’re going to just be sitting at home all day playing with the kids, you’ve got it wrong. Being a mom with a home business is much different than being a stay at home mom.
5. Decide When You’re At Home and When You’re At Work
You might need to lock yourself inside your office just to get some alone time with your work at times. If your family and business are too much of a demand, you are going to need to take some time out from one or both in order to manage. Owning a business and working from home will not be any less demanding than owning a business down the street. The main difference is that your stress from home is more likely to creep in at one over the other. Let your family members know when you’re working and when you’re off duty, otherwise, frustrations will set in, and everyone will feel the effects of it.
6. Take Advantage of Digital Tools for Automation and Convenience
Running a business can be really difficult, and business owners of all varieties have found immense value in an array of tools that exist to simplify daily functions and cut down their busy work. As a busy mom with a business being run from home, we can’t stress the importance of streamlining your processes as much as possible. Depending on your business model and the type of business you have, it is very much worth it to learn about options like virtual phone numbers and call forwarding, hiring freelancers to handle some of your busy work, and different automation tools such as MailChimp and Hootsuite.
Having a new business or a new baby can be hard things to manage for anyone. However, if you’re ready to take on the challenge of having both, then you’re ready to enjoy double the success and double the rewards that come with both. Keep an open mind, stay flexible, and stay centered on your goals. Home businesses are a reality for many moms out there for good reason!