Earning money while raising a family is always a tricky one and something that women around the world unfortunately still struggle with. While modern society places more emphasis on parents sharing childcare responsibilities and housework, the long and short of it means that as mothers we do tend to be the primary caregivers to our children.
For this reason, making money too can be difficult as much of our time is taken up. But it is possible, and starting a business is a great way to go about it. Read on to find out more.
Get Setup Before You Have Your Family
This of course isn’t always possible, if you’ve already had your children and are looking to start a business that works around them then this step won’t be relevant. However, if you’re looking to the future and trying to think of ways to make your life easier once children come along, then getting established first is a smart move. Businesses can take time to set up and start earning money, there will likely be bumps in the road and periods at first where you’re not making anything. In fact, in the first year you might even lose some money. But working your way through the issues, building up your brand, creating a good quality website and building a client base are all things you can do in the earlier days. You might even want to take a number of educational courses to improve your skills and knowledge before setting up. By the time you have your first child, you could be in a position where your business is making a regular income, and you can easily adapt and be flexible with it. This could mean only working certain days, or hiring someone else to do your job temporarily while you’re on maternity leave.
Start as a Side Hustle
If you already have children and other commitments such as work, one way to build up a business is to start it as a side hustle. This could mean turning a hobby into a business, or starting a blog, or generally doing something that’s low risk but can earn you money slowly. That way you can work on it in your free time but don’t have much to lose if you’re not earning lots of money right away. Eventually you can build up to the point where you’re making more and are able to solely rely on your business for your income.
As your business grows, it will reach a point where you’re no longer able to do everything yourself. Of course, you have the option to hire staff, but if you’re working from home this will mean hiring premises too for people to work from. If you dont want to go down this route and want to continue working from home (which is easier when you’re raising a family) you can always outsource. Here you hire third party companies to manage either single tasks or entire departments for you depending on your preferences. For example, if you’re buying and selling products for a profit, you’ll likely need a warehousing and fulfillment company to store and dispatch products. They will have the space, staff and expertise already in place and tools such as a DIM weight calculator, palette wrapping and machines needed. This enables you to run things from home, from the top without being stretched too thin over multiple areas of your business.