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

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