Can you be a fantastic stay-at-home mom and run a successful business at the same time? Absolutely! With a little bit of planning, you can juggle between raising your kids and running a business. Not sure how to do it? Keep reading below!
Although there's no firm data on the number of entrepreneurs who work from a home office while caring for their children, it's safe to say that this number is on the rise these days.
Now, juggling the dual responsibilities of a stay-at-home mom and entrepreneur is no easy task. There is an art in juggling between the two commitments. But don't worry, it's no rocket science. All it takes to handle a home-based business while caring for your kids is a little bit of planning and setting some boundaries.
Keep reading below to learn how you can win the stay-at-home-parent/ entrepreneur game.
How productive do you think you will be while cooking meals for your kids, gather up their toys, and answer emails at the same time? If your answer is "Not very," you need to set up a work environment in your house where you can be productive.
Now, there will be times when working from the kitchen counter sounds like the best choice, but you'll still need to have a private space where you can work without being distracted by your family.
Allocating a designed room for your business needs is ideal. It will allow you to spend a full day of productive work with minimum distractions. What's more, it will also help you protect your health when working from home if you invest in the right equipment and furniture such as an ergonomic office chair or an adjustable desk.
We all know the viral video of Professor Robert Kelly, who was doing a remote interview with the BBC and got disrupted by his kids who burst into the room to check on their dad. You wouldn't like to be in his shoes when attending an important business meeting, right?
Imagine working on a very important project for your business and continuously being disrupted by your kids running around the house. Your focus and productivity will definitely take a hit. So, you need to discuss with your family members and set some boundaries.
If you have a dedicated workspace, it is going to be a lot easier to set boundaries with your family members when you are working.
If your kids are infants, you can make the most of nap times. Yet, as your kids grow older, having a dedicated workspace and explaining to them that you shouldn't be disturbed when working is the best way to ensure that you'll be productive and focused on your business.
Marketing is crucial for all businesses these days. Without effective marketing, you could have the best product on the market, but you probably won't sell anything if no one knows about it. So, promoting your business and product is a must if you want to find success with your home-based business.
Now, here's the trick, marketing efforts are constant work. You need to promote your business and services or products all the time in order to engage customers and remain in their minds.
So, suppose you don't have the time to manage all the marketing efforts your business requires to stay relevant for your customers. In that case, it's best to outsource marketing to a business development company.
Good finance management is key to every business's success, no matter its size or industry. Now, the thing with managing money flow, taxes, and payments is that it is a task you must take care of constantly to stay on top of your finances.
Thus, when you are juggling with being a stay-at-home mom and running a business, you probably lack time to do everything for your business and also care for your kids. So, getting a good accountant is essential to make sure that your business's finances are managed correctly and efficiently.
Certain things don't mix well, such as your personal finances and your business's.
When running a business from home, you may be tempted to mix business expenses with home expenses, which can be a huge mistake. Keeping business and personal expenses separately is a golden rule for good money management that all entrepreneurs should know. And you should follow it too.
If you keep your business expenses and income separate from personal ones, you can correctly assess if your business is financially healthy. Also, you won't risk spending money that you should invest in your business growth for personal expenses. What's more, it will also be a lot simple to manage your finances.
Imagine this: you are having a business meeting with an important client, and your kids are running around the house, your dog barks, and the oven timer lets you know that your dinner is ready. You wouldn't leave your clients or partners a very professional vibe, right?
Your business partners or clients will expect you to do business like a professional, even if you are a stay-at-home mom or run your business from home. So, when they will come to you to discuss contracts or purchase your products or services, they'll also expect to find a professional environment.
So, suppose your business requires face-to-face interactions with customers, suppliers, and business partners. In that case, we highly recommend setting up a separate place to meet these people, away from all the distractions related to your family.