Can a Single Mom Start Her Own Business?
Absolutely! First off, raising children on your own is no easy feat. But this is more reason to start thinking big and planning for a more stable future. Starting a business may be risky but the long-term benefits of its success may give your children a better future and something to inherit when your business grows.
Starting a business is pretty much like raising a new baby, so moms are definitely equipped to handle a new business. Businesses need attention and care from day one. This is the very reason that most people, especially those with children, are reluctant to start a business. Many questions and uncertainties immediately enter their mind. Do I have the time? Where will I get the money? What business is sure to click? Will my child resent me if my attention begins to get divided? To help ease your mind and make you decide, we’ve gathered a few tips from single-mom business owners on how to go about being your own boss and becoming a mom-preneur.
- Try not to get hung up on finances – you may be hesitant when you realize that your funds might not be enough to start a business while managing finances for you and your kids, but don’t let this little hiccup stop you. There are many financial avenues available for you. Do your research and ask around. Acquire services to help empower you. Once your business is up, sooner or later, you will be getting the return you need and expect.
- Make your kids a part of your business – you are doing this for them after all. By doing this, your kids won’t feel ignored or forgotten. Make them understand that this is for them and make them learn the ropes. The more they see you at work, the more they’ll appreciate you and understand the time you spend away from them.
- Get a sturdy support system – you cannot do it on your own. You have to admit you need help, whether it’s someone to help you watch your children or someone to help you do inventory at the store or even asking for expert business advice from friends. A helping hand is always appreciated.
- It’s fine to dream big, but always start small – invest everything little by little; time, energy, and money. Learn to prioritize and manage your time. You will eventually get the hang of it. Once you’ve got everything down pat, then you can start thinking about expanding and growing. A well-set and sturdy business plan should be followed but put in some wiggle room for adjustment and flexibility.
- Always make sure that you take care of yourself – it will only take too much to make you feel burnt out. Be sure to have some time for yourself as well. You may get caught up in the flurry of your kids and your business, but never ever neglect yourself. When you’re down, everything follows. One way to make sure you have me-time is that you choose a business that you love and are passionate about. Working on something you enjoy won’t seem like work at all. You have to be positive about your choices and when you are, you won’t feel stressed at all. Take good care of yourself and your kids.
The MVET Way would help you realize your full potential as a mom-preneur. Your plans and hopes of starting a business are within your reach, so you should not doubt yourself. Being a single mom makes you capable of multi-tasking, problem-solving, time management, budget management, and delegation. Those are all the skills you need to run a successful business. The MVET Way is the best way to work through your hesitations. The help you need is just around, you just got to know where to look. For all aspiring mom-preneur, we salute you and bid you luck and success in your endeavor.