Mothers make some of the best entrepreneurs since they have already acquired and honed the skills that are crucial to business success. It’s important to note, though, that being a mompreneur is far from easy. Before you can make your venture successful, you first have to face and overcome several challenges, such as the following:
Managing your schedule well
This is probably one of the most difficult things you can ever do, particularly if you have babies and/or toddlers. Fortunately, there are several things you can do to finish important projects and stay on top of deadlines while still caring for your kids. One strategy you can use is to work according to your biological clock. For instance, if you’re a morning person, you can wake up early and work on your tasks at dawn. This way, you’ll have the energy to speed through your tasks and, when your children wake up, you can focus on having breakfast with them and helping them get ready for school.
Unplugging from work when it’s time to unplug
Many entrepreneurs work round the clock — but this doesn’t have to be the case for you. If you want to create work-life balance, you must make it a point to focus on work during work hours then leave everything behind once your work day is over. Doing this might seem counterproductive, but it’s actually helpful since it allows you to turn off your “work mode”, bring your stress levels down, and give your mind a complete rest. This, in turn, helps you become more productive the next day.
Letting go of non-essential activities
Time is a precious but limited resource for mompreneurs, so you have to make sure that you spend it wisely. This can mean saying “No” to weekend trips with friends, dinners with acquaintances, and even volunteer days with your favorite charity. Doing this can be painful since it makes you feel like you’re missing out on a lot of fun, but it’s an important step to take if you want to grow your business and take care of your family.
Learning to get help when you need it
Like many mothers and entrepreneurs, you might think that you’re supposed to trudge through life on your own — and this feeling gets doubled when you become a mompreneur. This is far from the truth, though; in fact, if you want to succeed, you have to learn how to ask for help! Reach out to a business coach when you need help in improving your entrepreneurial skills, and hire a babysitter to watch your kids for a couple of hours when you need to run after a deadline.
Managing business and family expenses
The first rule to mompreneur finance is to keep your business and family expenses separate. Not only will this help you keep track of where your money is going, but it will also keep your private finances safe in case your business fails and needs to declare bankruptcy. You’ll also want to hire a professional accountant who can take care of the financial side of your business or, if you have decent accounting skills, you can tackle this task on your own using high-quality accounting software.
These challenges are part and parcel of being a mompreneur, but you can overcome them by taking the right steps. If you need more tips about managing a business, get in touch with me, Claire Barradell. As a business coach, I have helped many moms start their own venture, achieve business success, and make their dreams come true. Contact me to find out how I can help you.