Becoming an entrepreneur is attractive for many reasons. One of them is the ability to carve your own path at your own pace. That’s why most moms looking for a way to build a career while taking care of their family choose entrepreneurship.
Every day, more and more women decide to turn their ideas into online business ventures. Although motivated, most of them are troubled by all the what-ifs. While it’s true that being your own boss allows greater flexibility, it’s still demanding. Mompreneurs depend on themselves to deliver all the work both in the office and at home. To make at least one of those aspects run smoother, here are some tips on how to manage a company online.
Separate Professional and Private Life
Every businesswoman aspires to grow her business at some point, so do you. To make this dream happen, you should make one crucial step. Keep your business and private life separated. For example, set a designated home office, so you can manage your business without interruptions. Working in a home office and not from your kitchen counter will allow you to stay organized and focused. Then, use different bank accounts for your private and business affairs. This way, you’ll be able to track transactions easier and look professional. If you have any business assets, separate them from your private ones too.
Manage Your Time Wisely
As a mompreneur, you have to juggle being a wife, mother, and a successful businesswoman. The key to a successful career and fulfilling private life is time management. You don’t have to spend eight straight hours in the office. Waking up early before the kids gives you at least two hours of uninterrupted time. Putting them down for the night allows you to wrap up things in the office or plan the next day. Also, use their naps and time spent in the kindergarten to make phone calls, reply to emails, or run errands.
Learn to Delegate
Most people tend to overwork themselves. They’ve all these ideas they want to make true and they want to do it now. While being driven can take you a long way, it can also lead to overwhelming sensations and burnout. What more experienced leaders do is delegate whenever they can. If you’re running a small business, you can hire a virtual assistant or an intern. To communicate your needs and tasks, you should adopt an internal communication strategy. This way, you’ll always be in touch and in the loop of everything that needs to be done at work.
Starting a business may be easier than managing it. When it gets up and running, at some point you’ll feel overwhelmed. Private commitments on the one side, and pending deliveries and deadlines on the other. At times like these, it’s hard to stay motivated, especially if the business isn’t doing well. To keep yourself motivated, every now and then, remind yourself of why you got in the business in the first place. Also, try to set small goals every day and work hard on achieving them. Don’t let setbacks discourage you. Instead, celebrate small successes and goal achievements. It’ll help you stay motivated.
Build Lasting Connections
Who’s going to understand you better than other mompreneurs? Find some time during your day, reach out to other moms and business owners and connect. You don’t have to attend any events to meet them in person. All you have to do is use the power of the Internet. Join online discussions, groups, and forums. Share your stories, experiences, knowledge, and problem solutions. You can even look for women working in the same industry as yourself. It’s a great opportunity to find inspiration and ideas for your business and private life.
Evaluate Risk Appetite
Before you decide to grow your online business in any direction, take some time to check your risk appetite. What’s in it for you? How much time will you need to invest? Are you willing to spend more time away from your kids? Is this a good opportunity to invest in your happiness? If there’s no interest for you, or you don’t feel comfortable, then you don’t have to do it now. Every once in a while, evaluate how much time and money you’re willing to spend in growing the business. As your confidence as an entrepreneur changes, so will your risk appetite.
Define Success for You
Everyone measures success in different ways. For some, success is all about huge profits. For others, it’s all the awards and public recognition their business gets. As your own boss, you get to define success for you. You don’t have to chase someone else’s definition of success. What does success mean to you? More time with family and friends? Excellent customer service? Or quality products? Whatever it is, it’s the best motivation you can get to chase your dreams and overcome the challenges entrepreneurship brings. Customers recognize authenticity and like to reward it in their own way.
There’re many reasons why people, especially moms decide to become entrepreneurs. With our tips, you won’t have to worry about the professional part of your life. Although it’s challenging, you can still have it all — a successful online business and a happy family.