The ABCs of Becoming A Mompreneur (Part 2)
In my last blog, I highlighted foundational elements to help you discern if and how to start a mom biz, which included:
A – Acknowledge What You Want
B – Be Honest About Your “Why”
C – Count Your Talents
D – Do Your Research
Today we’ll look at the nitty gritty of what will make your mom biz live up to its billing delivering freedom, flexibility, and more money in less time.
E – Each Person Needs a Different Fit
With a clearer picture of what your mom biz might look like, check how it fits with your vocation. Kids at different ages have different needs. The expectations of your spouse may affect which route you go. Not every mompreneur has the same support from family and friends. Your financial situation may determine which avenue to pursue.
You can design your business around your family. But there are certain business principles that apply, like
- the need for an effective marketing and sales arm and
- selling a product or service that people want and can afford.
- a way to find and reach those customers
- systems that support your entire process,
Here your investment with a knowledgeable coach will pay off. You can save thousands of dollars should by avoiding errors on key components of your business ownership.
F – Find a Business Model That Delivers
Put pencil to paper. Calculate revenue and expense estimates. Start mapping out how business time spent and on what activities. Get accurate feedback – not overly pessimistic or optimistic– before moving forward. Unrealistic expectations could doom your efforts or leave you feeling stuck.
G – Get On With Funding Your Business
Real businesses require upfront and ongoing costs. Direct marketing is a great option because the low entry costs and a clearly defined earning structure. Many people fund their businesses with savings, credit, or work on the side to pay for the initial costs. Locating funding isn’t always as daunting as it seems. Often the opportunities lie under your nose when someone helps you see past your blind spots. Again, here’s where a good coach can help.
H – Hire Help
Free education and advice only get you so far. To tailor your startup so it works for you, now’s the time to bite the bullet, find the funding, and hire an affordable and competent professional mentor or coach. Getting past the hurdle of needing to spend money to make money separates the mompreneurs that end up making a go at their businesses from those who go for years pining about having one.
Taking those first steps to start your mom business can be exhilarating, exciting, and scary. But it doesn’t have to be if you follow the ABCs and take inspired action from above.
The Catholic Mompreneur’s Guide to Biz and Life Tip: Understand God doesn’t put the burning desire in your heart without a means to put it into action. Ask the Holy Spirit to guide you to someone you can talk with about how to put your mompreneur dreams into action, if they are God’s will.
Christina Weber helps Catholic mompreneurs achieve their God-given mission by teaching them time, money, and relationship mastery. Gain clarity (and peace) in understanding God’s will for you, your family, and your business by scheduling a FREE session here.