Eight years ago, my life took a turn and I became a single mother of two children. My life began to fall apart as I was left to manage a household on my own while also dealing with the financial stress of paying a mortgage and other necessities. Even getting food to our tables takes a toll. Working a 9 to 5 corporate job while also taking care of my kids was killing me. So eventually I was fired.
After years of struggle, I finally took control of my thoughts and life and became a well-known entrepreneur in society. If you learn how to do it in time, you can achieve it sooner. This blog post is a complete roadmap to help struggling single moms start a business while making enough time for their family. Let’s get started with these feature guides.
How to prepare for starting a business
As a single mother, I truly understand your insecurities about missing out on your motherly duties while spending so much time building a business. But trust me, it’s all worth it, you’re doing it for your family. Here are some things you can do to relax and enjoy your mommy duties.
● Overcoming Working Mom Guilt
At the beginning of starting a business, entrepreneurs have to deal with many things. From hiring human resources to getting the right logistics, there’s a lot to do. Therefore, you may not be able to spend as much time with your children as a stay-at-home mom. However, it’s not a matter of how much time you have to spend; This is the quality of the times. Overcome working mom guilt by using your limited time to connect with your kids and build healthy relationships.
● Hire a safe daycare
to be honest. You won’t be there for your child all the time. So while you focus on your business, you need to keep your children safe. The best and safest child care is with another parent who can effectively care for the child. But if the environment where the other parent lives is not good, you can choose a reputable local nursery so that the children can spend a pleasant time here after school.
● Ensure your mental health
Single motherhood brings many challenges. From taking care of daily chores to being the sole breadwinner of the family, the struggles of a single mother never end. In this chaotic and demanding daily life, it can be difficult for them to take the time to focus on their physical and mental health. Puffy eyes or tired shoulders are not what single moms deserve. As a single mother, I have always emphasized managing self-care habits to have a healthy environment. So take some self-care time into your busy daily life so you can refresh yourself for upcoming tasks.
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How to start a business as a single mother
Once you’re sure your children are safe in your absence, it’s time to get down to business. Here’s a step-by-step guide to helping passionate single moms start their own business.
● Develop a business plan
Every entrepreneur’s journey begins with creating a realistic business plan that spells out the path to financial independence. Simply put, a business plan includes what you will do and how you will do it by identifying a market gap relevant to your business and highlighting your potential to fill it. Build a smart roadmap for your journey in the form of a business plan. Childcare, mommy blogging, pet care or small business, you start getting business idea inspiration here or online to figure out what skills and interests you need to invest in a meaningful business.
● Ensure the safety of corporate funds
A key element of starting a business is access to capital. Not everyone has enough capital to start a business. Therefore, turning to traditional lending institutions such as banks or private lending companies such as Rongshi Capital. Many organizations offer special grants to single mothers who plan to start a business. You can submit your business plan to a lender to get enough funding to launch your business.
● Start your business
You’ve created a business plan and secured funding, now it’s time to launch your dream business. This depends on the volume and requirements of your business, as well as the time required to establish and close your first sale. However, this is all mentioned in your business plan and you have a timeline for each step.
● Marketing business
Marketing is an important part of starting and growing your business. You have to tell people that your high-quality products exist. An important part of your marketing strategy is emphasizing your business goals so people know how your business can benefit them. Increase your connections with the single mom community and they will be more than happy to promote your business and you may get your first customers from there. Additionally, you should also use traditional marketing channels like social media to market your business and achieve your goals.
A final word on starting a business as a single mom
All in all, there are two important aspects of entrepreneurship for single mothers. The first one prepares you for entrepreneurship and overcomes the guilt and fear of failed work-life balance, while in the other you begin your journey as an entrepreneur and present your business idea in a realistic way. Set some big goals and embark on an adventure to achieve them and gain financial independence.
