Essential Startup Tips for the Stay-at-Home Mompreneur

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Lots of moms put their professional careers on hold to raise kids. While many are happy to make this tradeoff, you no longer have to choose one or the other. There are so many ways to make money from home these days! Starting a home business is a fantastic opportunity to pursue your passion and bring in some extra household income, all the while being available for your little ones. Are you ready to be a mompreneur? Below, we’ll explore some mom-friendly business ideas, how to get started, and a few tips to help you balance your busy life.

Lay the Groundwork

All successful businesses rely on the same fundamental startup steps. Taking your time with these steps will ensure your business is set up to operate legally, so you can avoid trouble down the road. Start by researching the legal requirements for running a home-based business in your area. You may need to obtain certain licenses or permits before launching.

Next, review the process involved in registering your business with local, state, and federal agencies. To do this, you will need to choose a unique name and a legal structure for your business. Forming an LLC could be a good option if you’re looking for liability protection without the paperwork and tax responsibilities of a corporation. Since business formation laws vary across the country, research the best state to register LLC before moving forward.

Finally, make sure you thoroughly understand your tax requirements! Most business owners have to pay estimated taxes throughout the year, so get in the habit of setting money aside and keeping track of your finances on a regular basis.

Find the Right Idea

Are you still looking for a business idea? TheSelfEmployed.com has lots of great suggestions to inspire you! Just make sure you choose a business model that aligns with your lifestyle and availability. If you only have a couple of hours to yourself every day, don’t launch a business that requires full-time work. Busy moms tend to be happiest with flexible business models, like freelancing or running a blog. You don’t need any special skills to freelance. For example, consider selling your services as a virtual assistant, coach, or consultant!

Another option is to launch an e-commerce business. Again, there are many different ways to do this, some requiring more time and money than others. Dropshipping is perhaps the easiest and most affordable way to break into e-commerce since you don’t have to purchase or hold inventory to get started. You can find a number of tutorials online to get started.

Once you find your way around running an online store and have built up a modest customer base, consider pivoting to sell your own products. You could work with a manufacturer to get your products made or buy inventory and ship items from your home in custom packaging. You could even create hand-made products — like macramé plant hangers or soy candles. Selling your own products is the real joy of business ownership.

Prevent Mompreneur Burnout

Mental burnout is a common problem for entrepreneurs, especially those with kids! Taking steps to prevent burnout will help you maintain the energy you need to split your attention between your business and your children. Lisa Tanner stresses the importance of establishing boundaries. If you have clients, let them know when you will be available to communicate so they don’t try to message you at all hours of the day.

Taking time for self-care can also help to prevent burnout. Take a day or two off work every week so you can rest and rejuvenate your mind. Those off days are so important for restoring your cognitive capacity and replenishing your ability to focus. If possible, get someone to watch your kids for a couple of hours so you can enjoy some much-needed “me time.” Allow yourself to enjoy a few moments of silence without feeling guilty about everything you have to do.

Building a home business is a great way to channel your creativity and professional drive while staying home with your kids. The army of talented and motivated mompreneurs is growing every day! Pick a business idea that you're passionate about and join this incredible group of hard-working ladies going after their dreams.

Author: Leslie Campos,
Wellparents.com

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