Working from Home | Navigating the Ins and Outs of Starting a Business Venture


Working from Home | Navigating the Ins and Outs of Starting a Business Venture

It may seem intimidating to start a business with plenty of risks to make the decision a difficult one. Yet, starting a business from home can remove some of the risks, and there are ways you can increase your odds of success. There are many benefits to being your own boss and in control of your schedule, if you prepare and plan well.

What Do You Want?

Wanting to start a business is one thing, but what does that entail? How will you balance home life with a home-based business? Is there a particular niche that you wish to pursue? Consulting offers you choices. You may find that your chosen field offers additional options, so consider how nuanced or broad you want your business to be. Think, as well, about your skill sets, how you want to harness the experience and knowledge that you have accumulated over the years. How might you apply them to a consulting business? Knowing what you want is beneficial, as it may give you solid foundations. After all, a crucial part of consulting is presentation, how best you can lay out proposals to prospective clients. This may be central to how confident you are in communicating core talking points, both about what you can deliver and understanding a client’s needs.

Explore Options

You may be undecided about how you want to harness your existing knowledge. In the meantime, you can still earn money while exploring what form you want your main home business to take. Freelancing gives you various options from writing to photography. Pet sitting, for instance, offers a lot of flexibility. There are plenty of websites catering for freelance pet sitters, allowing you to find clients at your discretion. You can set a schedule that suits other commitments, while you can also determine how much you charge clients. Being a pet sitter is all about choice. For instance, if you are most comfortable with smaller dogs or feel that your patience would allow senior canines to thrive in your presence, you can set your own preferences.

Outline Goals

You know what you want to do, but turning that into a viable business requires some planning. You don’t have to create an elaborate scheme, however. At the very least, research what is legally required of you. What licenses are required? Are there zoning obligations? Then ask yourself what pricing structure you will be looking at. Do you want to set yourself a certain income threshold? As well, think about you will grow your business over time. Factor in how you will market yourself, both analogue and digitally. Social media may prove essential to securing clients, all the more so as you will be home-based. Branding, too, will be important, as knowing what identity and image you want your company to have can give your business a confident start.

Create a Work Environment

Productivity is key to growing any successful venture. Working from home sounds great until you find yourself contending with a myriad of distractions. You need to be able to disengage from anything that could disrupt your schedule. If you live with others, remind them that you are not available during work hours. Of course, there may still be distractions, so consider setting up an office to demarcate work and home life. This is a good way to replicate a professional working environment, allowing you to maximize your time and not lose any impetus. It also can let you switch “work mode” on and off, helping you stave off any burnout caused by being constantly on demand. Your efforts can be supplemented with business tools. They may help you organize your schedule, store your work, and even manage your social media. Whatever it is that you need, you are likely to find a tool for it and help your business in the long-term.

By creating a positive, focused work environment, preparing your goals and thinking outside of the norm, you may be well on your way to a successful home-based business. Don’t discount things like pet sitting, as they can be an excellent way to earn an income on your own terms. Know what you want and go get it today.

Amy Collett is the creator of Bizwell.org, a website that helps professionals and entrepreneurs build and strengthen their personal brand. When she isn’t helping clients boost their careers or businesses, she enjoys coaching her daughter’s soccer team and training to become a yoga instructor.

She is the author of the upcoming book, You, Exemplified: The Role of Personal Branding in Your Professional Life.

What to do when business is slow as a parent entrepreneur


What to do when business is slow as a parent entrepreneur

So, you’ve got a business. That’s fantastic. You’ve got something which you worked hard to build, juggling family life with everything else along the way. However, it’s not always a paradise.

In a lot of instances, you’ll find that business doesn’t move as quickly as you would like. This often is not your fault, but instead the industry you find yourself in. There are peak points of demand for any service, and then there are moments when it all goes wrong. We’re going to be taking a look at what you can do if you do find yourself in a moment where things aren’t going according to plan.

Don’t Panic

When you’re in an unfamiliar situation, it can seem like panic is going to set in at any moment. After all, you rely on a business to make money and keep your family looked after, so it’s almost expected that you would panic when the business is slowing down.

However, we advise that you don’t do that. Please, try not to allow feelings of fear and frustration overwhelm you. When people panic, they’re more likely to make snap decisions. While this can be useful in some situations, it isn’t going to help you as a business.

Identify Alternative And Temporary Work 

When business is slow, we won’t argue that you shouldn’t sit around despairing. In a lot of instances, you need to find something which will provide you with a temporary source of income.

For example, people providing administrative services might find that writing letters for people online is a good supplement. Learning a new skill for yourself is never a bad thing when you consider the scale of the internet and just how easy it can be to make money on it. Not only have you found a source of work you can put down when business picks back up, but you also have a contingency plan for if business slows down again.

 Promote Your Products In A Wider Location 

If a business is slow, it might be because the places you’ve promoted in have had so many of your products or services that they just don’t need them right now. When this happens, it’s a case of making sure that you are taking the time to stop and promote in a brand new environment. Not only do you have the support of your existing audience, but you also have the much-needed testimonial from happy customers!

Overall, these are just a few of the different things that you can do as a parent entrepreneur for your business. While it’s not always easy to try and stay positive when business is slow, it’s vital that you try and keep a level head while you’re working to provide for a family. It can be scary when your business doesn’t provide for you, but it is not the end. There are other things that you can do to make sure that you have a good income stream, and it’s often a matter of taking the time to slow and down and focus.

 

The Parents in Biz Hub gives you access to;

Tools & strategies for parents in business
Expert workshops
A supportive community of parent entrepreneurs
Group support calls
Business resources
Accountability

Join here 

 

5 Simple Ways To Practice Self-Care As A Parent Entrepreneur


5 Simple Ways To Practice Self-Care As A Parent Entrepreneur

Self-care is vital when you’re a parent entrepreneur. It can be so challenging to try and make sense of things when you’re always dealing with all the trials and tribulations which come from having both a business to run and kids to bring up.

Thankfully, there are a lot of simple things that you can do as a parent entrepreneur that aren’t that difficult and will help your self-care. To make sure that you’re not neglecting your self-care, we’re going to be taking a look at just a few of the different things that you can do here.

Make Time For Fitness

While it may seem like something of a novelty, you do actually need to make time for fitness. We know that a lot of parents can lose weight or get fit just from the time they spend rushing around, but this isn’t the way to practice self-care. It’s worth making time to go for a walk by yourself or with your partner, even if it is just once a week. Making time for fitness also boosts your energy levels.

Meditate

Meditation has a range of benefits for the human body. However, what’s important is that you’re using this time to rejuvenate your spirit and care for yourself. If you don’t have time to meditate during the day, perhaps you could get up earlier or do it before you go to bed. However, it’s definitely worth looking into.

Clean Up Your Space

There’s a school of thought which suggests that the space we have is a representation of our mind. If your space is cluttered and untidy, then it’s an indicator that perhaps you’re not doing as well as you could be in self-care. Try cleaning up and reorganising and seeing the difference it’ll make.

Say What You Feel

Reaffirming your connections and bonds to people is an essential part of the self-care process. It may not seem like that big of a deal, but it can be crucial for making yourself and your partner feel good again. As a parent entrepreneur, you don’t want to take anyone for granted, so make sure you always say when someone’s essential or valued.

Express Gratitude

A large part of self-care is understanding what you have to be grateful for and expressing it. If you are thankful for something or someone, make sure you acknowledge it as much as you can. Tell that person or write it down, and you’ll see it makes you feel good too.

Overall, these are just a few of the different things that you can do as part of self-care as a parent entrepreneur. It’s never easy to manage your business, your family and your spirit all at once, but it’s worth doing. Otherwise, you can’t enjoy as rich and full a life if you’re not looking after you while looking after everyone else.