When you launch your first business, you think it’s the greatest thing in the whole world, and you want it to succeed so much. So, how do you overcome the major pains of starting your first business?
One of the most exciting milestones for any new business is getting to the point where you’re ready to quit your 9 to 5 job… and work full-time, on your own business there are some key pieces to the puzzle you need to ensure you have in place first before you make the switch.
In this video, I discuss moving from 9-5 employee to parent entrepreneur.
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The independence and idea of being your own boss are alluring. However, before starting your own business and becoming your own boss you need an idea. So how do you determine the type of business you want to startup?
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Apologies for the slight lag!
Nobody is born confident you have to start small and work on yourself in order to build it up.
Here are 3 tips to help you build on your confidence and start your business.
In this video, I discuss How to overcome lack of confidence and start, a business.
Enrol on Create Launch Grow a start-up course for parents here.
Read blog posts covering various start-up topics here.
Whether you are working and looking for the way into building your own business and being able to leave work, or whether you are an entrepreneur looking for some extra gigs, side hustles are a great way of generating additional income streams, and not keeping all your eggs in one basket so to speak. Side hustles are so called as they fit neatly around other commitments, like the day job, but can offer a valuable financial boost, so here are ten ideas to get you started.
1. Sell on eBay
Nice and simple, you can either sell your unwanted items on eBay, or you can build a shop, buying wholesale and selling at a profit. The key to getting sales are quality descriptions, keywords in the title and high-quality photographs. Keep backgrounds white and only show the item, not other random things that happen to be in the shot. Be sure to look at commission structures and the cost of post and packaging and these can drain your profits, but the upside is you can sell pretty much anything as there is a category for most things.
2. Online Tutoring
If you have a degree or equivalent level of education, you will find there is a demand for online tutors. There are several sites that will help you match with potential pupils but remember that they will want a commission in return. You can set this up on your own if you are confident, and there are a range of platforms available that let you live chat, with video. You can either teach your subject or look into English as a foreign language, as this is always in demand.
3. Be a Domestic Goddess
If you have some spare hours and are looking to fill them, why not consider domestic duties. Whether you offer a collection and return service for ironing, or are happy to visit people and clean for them, there is money to be made in taking away these hated chores from other stressed workers. If you have green fingers, this could equally apply to gardening. A great way to get your exercise and make some extra money is to offer a dog walking service. Be sure to look into insurances for public liability.
Another favourite way to bring in an extra income stream, if you have a spare room, is to register on airbnb.com. Here you will find travellers passing through that are looking for a place for the night or a few nights. It is up to you to set the rules of who you are happy to host, but savvy folk have managed to get their whole mortgage paid each month thanks to this website. There are other sites that run in a similar way so consider registering on all of them.
5. Rent Your Driveway
If you live near a big hospital or near a busy town your driveway could be a potential goldmine. If you have the space, consider renting out your driveway, even better still if you can offer unsociable hours, as places like hospitals often do not have enough staff parking provision, and night workers and shift workers are always on the lookout for places to park. Just remember to make visitors aware, as you cannot charge and then have the space in use when they turn up.
6. Become a Landlord
A tale as old as time, being a landlord is an easy way to boost your annual income. If you can afford to have a second property, you have the basis of a great side hustle. Hand the day to day running to an agency and sit back and watch the passive income roll in. If you are in the market for a property to start this off, student lets are always in demand if you live in a university town or city.
7. Be an Extra
This one is a little bit location dependent, as you do not want to negate your fee by travelling for hours. However, bigger cities are almost certainly going to have various films and television shows being shot, and there are a number of websites that help you find these opportunities. Extras are needed in all age groups, male and female, so do not be put off looking.
8. Write for Money
Writing for money is another great idea. Businesses, large and small, often outsource writing, and freelancers tend to be cheaper than using another company. Blogging is perhaps the most popular job that gets outsourced, but people also look for book writing and web content. Again there are freelance sites like Fiverr and Freelancer that can help you get started.
9. MLM Sales
You will be aware of several MLM companies operating at the moment, if you are not sure then we are talking about things like JuicePlus, Avon, Aloe Vera and many others. You are basically a sales rep for another company and earn a commission on the items that you sell. Often bad mouthed as pyramid schemes, as long as you are aware of how they operate you should be fine. Some will push you to create teams of your own, which in turn earns you more money so might be of interest. Alternatively many will let you sit as a sales rep and just make your own commission. You will need to be outgoing and bold and not afraid of repeating your message over and over, but there is money to be made.
10. Create an App
So this probably requires some upskilling for most people, but mobile apps are huge and do not show any signs of becoming less popular. In fact, this is a growth market. Being an app developer means you get paid even if the app is not a big seller. The person who came up with the idea will make payment on completion of their app. If you have the skill to create apps, then you can also use it to make your own and hope you hit a really popular niche.
If you have always wanted to start a business from home, or you are looking to develop an income stream while the children are younger, so that you can expand on as they grow, but don’t know where to start then have a look at these. We have six business ideas for parents that can either be started from home or worked around school and nursery to help you get your entrepreneurial streak kick into action.
1. Cleaning Business
Whether you find a gig cleaning offices or you find a niche working for people in their homes, cleaners are in high demand. If you feel that going out of the house is not for you, then you can always employ people to do the actual cleaning while you run the office. Lots of working professionals have a cleaner to help make life easier, so check out whether there is any provision in your area and if not maybe this could be your route to success.
2. Mobile Hair and Nails
If you already have skills or are happy to do a spot of retraining, then mobile hairdressers and beauty technicians are also popular. Older people often struggle to get out of the house so having someone to come and cut their hair is invaluable and helps them feel less isolated. Another trend is to have clients in your home but offering the facility to have their children with them. Check out health and safety issues but as the parent remains with the child the whole time you shouldn’t have too many considerations.
3. Freelance Writing
If you really feel that you need to be based at home and have a good grasp of the English language, freelance writers are always in demand. You can write anything from newspaper articles to blog posts, as long as you can write accurately and quickly then you can earn a decent amount of money. It is also something that can be done exclusively online, so if you would rather not have people in your home or have to find childcare to go to work, this could be an option.
4. Web Design
Web design is always a popular skill; many small businesses do not want to pay the extortionate prices that large agencies charge, so having a small freelancer that can help them set up their website is a bonus. Check out the latest platforms as you may need to look at up-skilling before you can get going but the demand is there if you have the skill.
5. Dog Walking and Sitting
Pet sitting is always something that people look for. Whether a client is looking for someone to walk and visit their dogs while they work long days, or whether they have to go away for a few nights and would prefer to avoid kennels. You will need to check out insurance and local authority requirements for boarding dogs in your home.
Whether you have room to keep stock to resell or whether you look at some of the million MLM companies on offer, a lot of people find that selling is the way to go. You need to be sociable, but a lot of interaction is done via social media. Be sure to work with a reputable MLM if that is the route you choose.
There’s no doubt that it can be quite an expensive process in trying to start up a business. As a parent entrepreneur, the costs can seem extraordinary. Trying to figure out all of what you’re going to be paying can be difficult, as it will vary from one person to the next and change with each situation. However, there are a few things that every parent entrepreneur is going to have to take into consideration when thinking about costs, and we’re going to be looking at that here and now.
First of all, you need to think about what you’re going to need to start off with. This involves the materials which you need to make sure that the business can progress. This will include things like a laptop if you’re going to be working from home, premises if you’re running an actual brick and mortar store, or the cost of buying a website domain if you’re running an electronic business. These are all basic costs which have to be considered because without them the business can not progress.
Now that you do have a basic set of materials and resources available to you, it’s important to consider the marketing costs of your startup. Now that the business is established, you need to make sure that you’re advertising it to the world. Marketing is an expensive option for people to consider unless you choose to work with social media. Marketing can be a costly endeavour, but you have to consider whether or not it is worth it for the sake of the business. But regardless, you have to consider how much you’re prepared to spend into marketing, and also the time it’ll take to get a marketing system set up – applying for social media, contracting a marketing company, etc.
Something else that you have to consider when it comes to your business startup is the sourcing of products. You need to consider how much of the products are going to be to buy; It’s so important to consider this because so many people try and make an estimate as to the costs of the products and wind up getting out of pocket.
Overall, these are just a few of the things that you need to consider when it comes to trying to start up your business. The costs which are associated with this will vary from one business to the next, but these are just a few of the basic costs which most startups need to take into consideration. It’s all about getting yourself started, which can be a real challenge for businesses run by parent entrepreneurs. However, if you’re going to run a business, you’ll need to think about all of these.
We built a course exclusively for parents! Create Launch and Grow a start-up course for parents! Find out more here.
As a parent entrepreneur, it can be difficult to find the time and money to finance a startup business. No business can be run for free, which means that finding ways to finance it are critical. You have to look for the best opportunities and take whatever’s available to you, even if it’s not always clear what route to take. To try and help you with your business, we’re going to be taking a look at a few of the different tips that you can follow to try and finance a startup.
Consider A Loan
One of the easiest and most simplistic ways to get money to finance your start-up business is just to get a loan. It’s not especially complicated in modern society, with many establishments offering loans which are specifically aimed at the startup business. With all the different options available, you can easily find a loan which will work for your specific circumstances.
The thing about a lot of startups is that they have some seriously good ideas. However, these new thoughts and concepts are blocked off by a lack of funding. To try and compensate for this, why not consider a Kickstarter or crowdfunding campaign? This means your business will actually be funded by people who are interested in the ideas you have and may even go on to be your customers and clients when you get going.
Sometimes, you need someone to recognise the potential of your business and agree to help finance it. Angel investors back a lot of startups they provide the funding for an idea, and in return, they get a percentage of your future profit, or a free service, or whatever their terms are. It’s a great method for your startup, so don’t write it off.
Ask Family and Friends
Perhaps one of the biggest mistakes you can make is to presume that you have to do this alone. Your family and friends might be willing to lend you the money to start up a business. Perhaps this means that you cut them a discount or give them something for free now and then. But they’re a fairly safe place to borrow money from.
Spend Your Own Money
Perhaps as a parent entrepreneur, you do actually have some spare cash lying around. It doesn’t have to be a lot, but it could be enough for an ad campaign or getting started. Make sure that you use it wisely, however, and remember to invest it where it’s sensible.
Overall, these are just a few of the different things you can do to finance a startup business. It’s not always an easy thing to do, but once you get going, it does tend to get easier. It’s important to remember that you’re not alone and that you’ll have people you can lean on in tough times. Remember to have faith in your service or product, because we’re sure it’s a good one.
Do you dream of starting your own business and becoming your own boss?
Have you got a business idea but don’t know where to start? Enrol in Create Launch Grow a start-up course for parents click here to find out more.
Parent entrepreneur. Unfortunately, these are two words which we don’t hear together as much as we’d like. If you’re reading this, it’s probably safe to assume that you would quite like to learn how to start up your own business, but aren’t sure what the do’s and don’ts are. To try and help with that, we’re going to be taking a look at some of the top things you should both do and not do when it comes to starting a business.
Do take the plunge
First and foremost, it is really important that you take the time to stop and think about what it is that you are worried about when it comes to starting that business. A lot of parent entrepreneurs will tell you that they hesitated at the beginning. However, you’ve just got to be brave and push past the fear. The thing about a startup is that if you’re smart, there’s no need to sink yourself hundreds of pounds into debt. You can easily start a business without breaking the bank, so be brave and go for it!
Don’t rush in without a plan
Yes, by all means, go for the business that you’ve always dreamed about. But don’t ever go into something without a clear plan of what you’re going to do and how you’re going to do it. Being a parent entrepreneur means that you have to try and balance your own ideas and business plans with raising children, and you don’t want to put them at risk. You shouldn’t necessarily throw away a full time and well-paying job for a business that doesn’t have a clear and viable future. It’s therefore important to make sure that you plan beforehand so that you don’t find yourself in any kind of trouble.
Do use social media
As a parent entrepreneur, you might find that you don’t have a lot of money to invest in a startup business. Sure, you might have a few savings that you can use to get started, but trying to promote your business on a budget can be difficult. Therefore, we suggest using social media. It’s a great way for practically free advertising and helps you to promote your startup with friends, family and the internet at large. With more and more people joining social media every day, the chance to promote yourself and get seen more rises.
Overall, these are just a few things to consider when it comes to making your own business as a parent entrepreneur. We know that it can’t always be easy – writing articles for someone or packing orders wasn’t necessarily designed with a child in your arms! However, if you’ve got an idea for a business and a passion for doing so, then, by all means, take the time to develop your startup and make it something incredible.
Having a new baby and starting out on your path to parenthood is never easy. Not only do you have to adjust to looking after a small person who is entirely dependant on you, but there are also likely to be some changes to your work life too.
The first one of these is maternity leave. Maternity leave is when you are off work to take care of your baby. For some, this could be a couple of months, while some may get as much as a year. Being on maternity leave will often be the best time. However, there is always the dread that you will have to return to work at some point.
What if we told you that it was possible to make a major change to your life and your career while you are on maternity leave?
Setting up your own business is a big leap at any point in your life. However, when you are on maternity leave, it can seem a whole lot scarier. If you are considering it, why not take a look through our guide to setting up a business on maternity leave.
Remember your job is still secure
We have said that it can be scary, setting up a business while you are on maternity leave it actually makes sense. You are going to be dedicated to your little one, of course, but you are also likely to have more time then you realise for yourself too. Despite being at home, able to think about different things to do with your career and business, you are still being paid by your current employer which means that there is minimal risk to your financial situation.
Talk to as many people as possible
Just like with any big decision in your life, if you are considering setting up a business on maternity leave, then it makes sense to try and talk to as many people as possible. Learn their experiences and their opinions on your plans and take away from them some of their key points. Of course, the decision is all going to be yours, they should never influence what you end up doing, but they may have some valuable advice.
We interviewed Charlotte Wise the owner of Bip Bop Shop she set up a business while on maternity leave check out the interview here.
Take your time to write a business plan
Setting yourself up in business means that you need to sit down and think about what you want to do. Not only the initial idea or spark that puts your business wheels in motion, but also how you think you are going to go about it. You need to think about how you will finance your business and how you will make sure that it is a success.
Get used to working around being a parent
One of the hardest things to get used to when you are a parent and someone who runs a business, is balancing the two. Whilst you can be flexible with the times that you work, you are going to have to make sure that you are still dedicated to both. Learn to work in the evenings, or in the early mornings, as well as learning how to work when your little one has a nap. Once you manage all these things, then you will be well on your way to mastering the two.
Setting up a business on maternity leave makes great sense, so why not try it out for yourself? If you have an idea and you want to put it into motion, the break from work may just give you the opportunity to decide exactly what it is that you want to do.