Teaching her little how to spreadsheet. Image by Pexels
Becoming a Mompreneur,
If you’ve ever thought about having a business of your own, now that you’re home with your children, this may be your time. Even if you don’t have a lot of resources, and your time is limited, it’s completely within your reach if you’re ready to commit. Whether you have a background in marketing or finance, or if you just have a good idea, starting a company can be incredibly rewarding, both financially and personally.
Sixx Cool Moms was created to build a tight-knit community of fun moms and moms-to-be in different communities across the country. Here, we offer their ideas on how you might want to start your own empire.
Do What You Enjoy
You should not only think of what will make a good business but what you’re passionate about, too. It needs to be something that you feel you’d be good at—though you can certainly teach yourself something. But if you have strength, that will make it all easier.
Do you love to cook? Maybe you want to start a meal delivery service. Are you a whiz with numbers? Maybe you can start an accounting or bookkeeping operation. If you have a great eye for design, you can look into photography, graphic arts, fashion design, and so many other visual arts businesses.
The key is to identify your strengths and passions and look for profitable ideas that will build on them.
Like anything you do in life, including parenting, you need a plan. And for business, that’s a business plan. A business plan is a roadmap for your business. It outlines what you want to achieve, how you plan to get there, and what you need to bring along the way. Like having a GPS system for your growth.
Choosing a great name for your business is not only fun to do, but is one of the first steps you have to take. That’s because your permits, licensing, and business structure require that you have a registered name. Choose a name that’s easy to remember and spell, and avoid any names that are difficult to pronounce. Then make sure the name isn’t already used by another business that does what you do.
Do some market research. This included looking at your competition and understanding their customer base. Then see what you have to offer that they do not or that you can do even better.
Setting Up Your New Business
This will involve registering your business name, getting a tax ID number, and registering for any necessary licenses and permits. Your tax ID number is necessary for doing business. It’s like a social security number, but for your business. You’ll use it on your tax returns, financial statements, and other important business documents.
You’ll also need to decide on a business structure, such as a sole proprietorship, partnership, or limited liability company (LLC). An LLC is a popular business structure since it protects your personal assets like your home, car, and savings by creating a buffer between your personal and business finances. It also offers a tax advantage and it’s easier to set up than other business structures.
Marketing Your New Business
Social media is a powerful tool and is one of the greatest ways to reach the largest audience. Billions of people globally check their social networks every day, so no matter if your target audience is local or international, you can reach them for little or no cost using social media.
You can find graphic designers and website designers who work as freelancers to help you create sites. These professionals can both help your site look good and make your website more visible to people searching online.
When you’re emailing files back and forth with your freelancer, you’ll want to do that in PDF form since that is what they’ll need to work with. This is especially true when you’re sharing images. You may want to convert PDF to JPG documents to easily share or print your web images. Fortunately, you can use a PDF-to-JPG converter to turn images into JPGs, which will maintain the image’s quality.
Now that you have the basics, a plan, and a target audience, you’re ready to go, so why wait? Your kids will even have fun going on this journey with you.
Author: Katherine Williams knows that one of the most difficult things about parenting is taking good care of yourself so you can take the best care of your children. She created When the Baby Sleeps to help parents prioritize self-care so that they can be there for their kids. Finding time for self-care as a parent never gets easier. Katherine hopes the advice and resources shared on her site will help her visitors be their best parenting selves.