Starting a business is not easy, and sometimes no matter how much planning you put in place things often don’t go plan. The parentpreneur journey is a roller coaster of a ride.
I like many business owners have made mistakes some more costly than others however those mistakes have made me into a better businesswoman. I have put together 4 things I wish I knew before starting a business.
You have probably heard the saying “cash flow is king,” and it is king. Cashflow is a vital part of business and miss management of your cash flow can be the downfall of any company. One of the mistakes I made with one of my business was spending money on products that my audience never wanted. The most effective way to manage your cash flow is by creating a budget and justifying every expense so that you know exactly where your money is going.
You can read more about 3 financial mistakes start-ups should avoid and How to build an emergency fund for your business
2, The power of an email list
Never underestimate the power of email. It’s one of the most effective ways to communicate with current customers and prospective ones. This was a mistake I made in a previous business I had, I built my list too late so when the business launched I had no list to market to. Start list building early to generate leads for your business before you even launch your business that way you have an audience to survey and market to once you launch.
3, Family time is golden
When you run your own business, you may often feel that there is no time left for anything else especially in the starting up phase. However, if you are trying to establish a business, alongside raising a family, life can become much more of a balancing act. When I started my business, I did not put boundaries in place and business time overlapped into family time, which resulted in me not spending enough quality time with my family. Create time boundaries with your family and friends, for example during my core working hours during the day; I put my mobile phone on airplane mode to cut out all distractions. If there is an emergency, my family and the school can call the landline to get hold of me. I very rarely work on weekday evenings between the hours of 4 pm – 7:30 pm – that’s my core family time.
4, The importance of self-care
When you choose to start up a business, you want to put your heart and soul into making your business a success. This means that you will often find yourself not taking any time for you. It is normal for us all to feel stressed out at times, however, as a business owner, chances are that you are going to find yourself in stressed out situations on a regular basis. Over the years of running a business and suffering from burnout, I know the importance of taking time out for myself, and I schedule in self-care time as I would schedule a meeting with a client.
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Today marks another beautiful milestone in my journey of motherhood. My first born Ramon is 25 years old today, I fell pregnant at the age of 15 and had Ramon at 16. Being a teen mum shaped and made me into the woman I am today.
Soon after that picture in the middle was taken Ramon became ill I knew it was not a cold or flu my mothering instincts told me it was serious. I took him to the GP only to be sent away and told that it was just a viral infection and that I was a young first-time overprotective mum. In my mind and within my body I knew my baby was ill, I persevered and followed my gut and took him to A&E. He was diagnosed and admitted to hospital with meningitis things quickly developed and he was severely ill he had swelling on the brain the doctors were unable to do a lumbar puncture and decided to start treatment for Bacterial Meningitis.
I was terrified worried and thought I was going to lose my child. I never left his side he eventually made a full recovery. I will forever be grateful for the support and love of my family and friends during this time. And I am truly blessed to have a mother who has always stood by me she truly is my queen ❤️👑
By the age of 21, I had 3 children under the age of 5. During this journey, I have learned so much and to name few not being judgemental I for one know what it feels like being judged. Resilience I have persevered no matter what blocks have been put in my way. Gratitude I am truly blessed with 5 awesome children.
Being a mother means more than giving birth to a child. It’s carrying and caring for a life entirely dependent on you for survival. Not to mention the sleepless nights, sickness, the cuts, and grazes. It often means being “mean” to teach them life’s hard lessons.
I will never grow tired of hearing their voices say the word, mum! “Mum what’s for dinner?”, “Mum can I have” but most of all “Mum I love you.” I love the hugs, and I love the kisses.
I have made mistakes, and I have acknowledged, aired them, and learned from them. I have learned to love my new body after each of my children. There has been struggles and arguments, but all is quickly forgotten and forgiven. I have had to be strong when I have felt weak, and I had smiled when all I wanted to do was cry.
Motherhood is truly a gift the unconditional love is the greatest love I have ever felt. As I look through old photographs, my heart is overflowing with love and happiness.
When I have conversations with my children, I am in absolute awe that they came from me and are mine I am so grateful that God has given me the health and strength to continue to weather the storms of motherhood. As fellow mothers will understand I pray numerous times a day asking God to keep them safe and away from harm. I pray he continues to guide them to make the right decisions.
And as this fun roller coaster of a journey continues I am learning to let go of control (ok I am trying lol)
Just some of my thoughts on my 25 years motherhood anniversary! (If there is such a thing J ) Ramon, Satari, Tianna, Tyrese and Tammy I love you unconditional! Thank you for being your unique individual selves!
MY FIVE STAR BLESSINGS!❤️
Thanks for listening!
It’s National Book Lovers Day and as a lover of reading, I thought I would share with you 3 of my current favourite books. My favourites change all the time and often, as a parentpreneur finding time to read can be a challenge. With the demands of family and business, I don’t always get to read as much as I would like.
Here are 3 books I have enjoyed reading.
Will It Fly? How to Test Your Next Business Idea So You Don’t Waste Your Time and Money
I am an avid listener of Pay Flynn’s SPI and Ask Pat podcasts, so when he said he was writing this book I had to get my hands on it. Will It Fly is about testing out and validating your business ideas before going down the road of spending too much of your valuable time and money on something that may not reap rewards later. This book is suitable for all types of businesses, it’s all about hard work, persistence, honesty and research.
You can look inside and buy Will it Fly here.
Get Rich, Lucky Bitch! Release Your Money Blocks and Live a First Class Life
I was a late reader of this book, I have been a follower of Denise for some time and her teachings on money mindsets are priceless. This book is easy to read, and once I picked it up I could not put it down. It breaks manifesting down into easy to follow steps and helps you think about what might be holding you back. I could feel Denise’s passion and enthusiasm on the subject as I read.
You can look inside and grab a copy of Get Rich, Lucky Bitch here.
Start With Why: How Great Leaders Inspire Everyone To Take Action
When I read this book I had already started my business, but this is a valuable book for anyone who is starting a business and for those who are already running one. Yes, sometimes when you run a business you may go through a period where you lack motivation and passion. Reading this book will help you to refocus and gain clarity as to why you do what you do.
You can look inside and buy Start With Why here.
Last year to celebrate my 40th birthday, my partner and I went to the Seychelles for a holiday. I had always wanted to go to the Seychelles – here are 3 things I learned.
1. Worry less, It’s not until I left the hustle and bustle of fast-paced London that I realised just how much I worried. I can’t recall a time when I was at such peace; I knew that back at home in the UK our children were in the safe care of my mum. Seven days and nights in a 5-star all-inclusive hotel, with excellent weather – all I needed to worry about was what to wear on the beach and what to wear for dinner. What I learned was, things will always work out in the end, so why stress and worry about anything? By being away from my regular daily life routine, I had time to reflect on the things I would worry about and I asked myself what changed by me worrying about those things, yes that’s right, nothing. Worrying was robbing me of energy and impacting on my health in a negative way.
2. The importance of time out, It was lovely spending time with my partner in an amazing country, breath-taking scenery and great food (yes I am a foodie). It’s vital when you have a family and run a business that you spend quality time away with your partner; it’s so easy to get caught up with family issues or business problems that you neglect your relationship. The last time my partner and I went away just the two of us, prior to the Seychelles holiday, was in 2010 when we went to LA – way too long. Don’t get me wrong, in that gap we had been away on weekend breaks in the UK, but not abroad.
3. Gratitude and appreciation, When you’re surrounded by such beauty, you can’t help but reflect on life and the future. Prior to going away, there were times when looking back I had ungrateful thoughts, such as why things were not going in the direction I wanted them to quicker etc. There was this one day I was on the beach and I vowed to myself that when I got back home I would never have another ungrateful thought. To ensure I stuck to this, I took out my mobile phone and captured the beauty that surrounded me and recorded a message for my future self. Last week was the first time I had an ungrateful thought since the holiday, and I watched the video I recorded – believe me I was soon feeling grateful again.
I turned 40 last year and thought I would write a short but sweet post on the 5 things I reflected on during that time.
- Gratitude. I am so grateful for all the experiences that life has put me through; everything I have been through has been a lesson. Sometimes the thing with lessons is that at the time when you are going through a rough patch, you can’t see what the lesson is. It is only when you come out the other side and reflect, you see what the lesson taught you.
- Health. I have suffered from chronic migraines since the age of 13, and although at times they can be debilitating, I am grateful that my health otherwise is good. I know people who are my age that have worse health complaints than me.
- Family. I could go on and on about how much my family mean to me. I am truly grateful for every family member – they have all had an impact on my life in some shape or form. My family has always been supportive of me, and my mum has been my rock – she always has my back.
- Confidence. I am confident and happy with the woman I have become over the years. My confidence has grown and I no longer doubt my abilities. Of course, the odd doubtful thought has come to my mind from time to time but I know how to deal with those thoughts – I weed them out and sow positive ones.
- Peace & Forgiveness. In order to grow and have peace of mind, I have learned to forgive and let go of things and people that add no value to my life. For me, carrying around grudges and bad feelings towards people is too much baggage to bear.
Told you, short but sweet, and may I add age is just a number 🙂
Welcome to the first episode of the Parents in Biz podcast. In this episode, your host Bridget Daley welcomes you and answers the question who, what and why?
Empowering & equipping parents with tools & resources to achieve balance at home whilst running a thriving business.
Thanks for listening.