Tag: Start a Business

Becoming a Mompreneur: How to Start a Business from Home

mompreneur

Over 11.6 million firms in the United States have women owners. In 2017, that represented $1.7 trillion in sales.

You could be a business owner too.

Just because you have children and are a stay-at-home mom doesn’t mean you cannot be a successful businesswoman. Read this article to learn how to become a ‘mompreneur’ and run your own business out of your home office.

What is Mompreneurship?

When a mother is also an entrepreneur the modern term for her is a mompreneur. It describes someone balancing the demands of childcare and a business startup. It’s empowering and a warning at the same time.

The term “dadpreneur” does not seem to have been coined. Perhaps, with a few exceptions, dads generally don’t have to balance childcare and business commitments. Moms don’t often get the choice.

Whether you are a single mom or in a relationship the demands of motherhood can be huge. Many moms feel like they are doing several jobs even without adding starting and running a business. You’ve got the admire the mompreneurs.

Why Be a Mompreneur?

Moms start businesses for many reasons. Sometimes it’s about finding a way to make money while looking after a family. They start-up an at-home business because there are few other options.

For others, entrepreneurship is an ambition fulfilled. They may have a passion to run their own business and be their own boss. The urge to create a business and grow it does not necessarily stop with motherhood.

Business ideas for stay-at-home moms provide exciting, rewarding and long-term occupations. There is life after children and getting started by running a business from home makes sense.

What Kind of Business Can You Do?

Mom entrepreneurs are creative. Sometimes they have to be organized around childcare so running a business from home is a starting point. Search the internet to learn more about business opportunities.

Get Crafty

Doing something you love is a great place to start when developing a business idea. A passion for crafts or art can be monetized. This kind of work can be done from home and can fit around childcare and the school run.

There are two key things to consider. Is your hobby a viable business? Do you have effective routes to market?

The business cannot be viable if the price you can sell your product at means your hourly rate is too low. When it’s a pastime or hobby you don’t count the hours. When it’s a business don’t make yourself a busy fool, working hard for little reward.

Having an effective route to market is important if you don’t want to spend all your time on sales. Etsy is a well-known option for crafts. Local craft fayres, stores or markets might be useful options.

Is Writing Right for You?

If you have a talent for writing there are a number of ways you can work as a freelancer from home. Blogging is a popular activity but few people successfully make the step to earning significant money from it. It can be done with some knowledge and plenty of persistence.

An alternative way to use your writing talent is to write content for other people. A freelance writer can earn money by writing articles for blog sites, training materials or news sites. Even an advertising copywriter can work on a freelance basis, from home.

Those That Can, Do, Those That Can’t, Teach

Teaching from home can be a viable business. Parents will pay for extra lessons for both able and remedial students. If you have the appropriate qualifications and experience this may be an option for you.

If you play a musical instrument and especially if you have teaching qualifications this can be a business opportunity. Both adults and children could be clients for music tuition in your home.

Make sure you obtain insurance and licensing where required.

Design and Develop Your Home Business

Technology means working from home using a computer and an internet connection is a very popular mompreneur idea. Graphic design, web design, software development and more can be done remotely. A good reliable internet connection and the right software is all you need.

Find work through your existing network or freelancer websites and web design forums. It may take time to develop a client base but if you do good work and are competitive you could join the many successful home-based freelance designers.

Some Tips for Mompreneur Success

Any new business can be very demanding on your time. Being a mom can be equally demanding. You will need awesome time management skills if you don’t want to sink without a trace.

Work out what is important and block time in your calendar for those things. Be brutal about everything else that tries to steal your attention. The interruptions, trivial calls, and time-wasting distractions have to come second to building your business.

Compartmentalize your life so you can balance seeing your kids with making your business a success. Set aside quality time for your children. Plan your business commitments so that you can give them the full attention they need.

Increase your leverage by outsourcing some tasks. This frees you to do the things only you can do best. This could be office administration or it could be a home cleaner or au pair.

Create a support system for you. Have family and friends to help out when needed. Establish the right financial, emotional and practical support to give yourself a chance of success.

Be careful not to overreach yourself. Ambition is fine but it must also be realistic or you will crash and burn. Cash flow problems or physical exhaustion are both fatal for your business.

Be clear what success looks like for you. There may be financial goals but there may also be success criteria about work-life balance too.

Next Steps

Do your research. Write your business plan. Carry out a risk assessment.

Your preparation has to include working out how to balance family and business plans. Learn from others who have made the move to be a mompreneur before you. May you find success.

To learn more about earning money from home, click here.

How To Start A Home Jewelry Business

home jewelry business

If you want to start your own home jewelry business, knowing how to make beautiful and original jewelry is not enough to be successful, but it’s a great start. While creating jewelry is an art form few people have the ability or passion to master, starting your own business is something anyone is capable of doing.

However, simply wanting to be your own boss is not easy. Keep reading to find out what you need to do to start a successful home jewelry business.

1. Build Your Brand

You might not think that a small home jewelry business would need to build a brand. But nowadays, branding is an important part of any successful business big and small.

A large part of branding is choosing a name for your business. This needs to be memorable, unique and reflective of your jewelry.

Remember the brand name needs to be able to be used on business cards, online as well as on any official documents.

You’ll also need a logo to promote your brand online and in your marketing materials. For more information on how to design a dazzling jewelry company logo, view here.

2. Become Legit

The next part of your journey towards becoming a home jewelry business is registering your LLC with your state. This makes you an official business recognized under the law.

It might be that you want to have your jewelry trademarked. This can be achieved through the United States’ Patent and Trademark Office.

It’s essential to carry out all of the bureaucratic and legal procedures to make sure you set yourself up as a legal business.

3. Get a Business Plan

Of course, the business plan might be as simple as – making jewelry. But without a clear and detailed business plan, you could find yourself in trouble.

After all, the finances of your business are really important. You need to consider various outgoings, such as the costs of registering your LLC and sourcing the raw materials to create your jewelry.

But also, it’s important to set business goals for your business. This includes – how many pieces of jewelry do you hope to sell this year? How much profit do you hope to make in your first year?

4. Set Up Your Workshop

You might have been making jewelry for many years as a hobby. If this is the case, you might have a workshop already.

But if you’ve been making jewelry at the kitchen table until now. It might be time to invest in setting yourself up with a quiet workshop so you can concentrate and store your materials and products.

5. Websites and Social Media

Nowadays even the smallest businesses have a website and social media accounts. These are essential and cost-effective media and marketing tools.

Make sure you at least have a Facebook and Twitter account. But because jewelry is so well-suited to Instagram, you should also have an account on this social network. Make sure you include contact details and many sample pictures of your jewelry.

You can also use your website to sell your products. Other online platforms to sell your jewelry include Etsy, Artfire, Amazon, and eBay.

On your website, you should also include a blog. This will not only help you become an influencer within your niche of home-made jewelry but also boost your SEO (search engine optimization). SEO helps you rank highly on search engines such as Google.

6. Set Your Prices

Setting your prices is one of the most difficult steps in setting up your own home jewelry business.

There certainly isn’t a one-size-fits-all rule for pricing your jewelry. But you have to consider the material and labor costs of producing the products. While you need to make sure you’re making a profit on your jewelry, don’t overcharge or you’ll struggle to sell anything.

If you’re selling your jewelry through a variety of mediums and markets, then it’s important to keep your prices consistent. This means it should cost the same whether it’s at a arts and craft market in a local town or on your website.

7. Be Patient

Many people who set up their own businesses from home are impatient for success. This is especially the case if you’ve risked everything and give up the stability of a 9-5 grind.

However, the trick to a successful business is to be patient. There are lots of new things to learn about running your own business. It can take many years to really build your home jewelry business.

If you’re struggling to make a profit or find new customers for your product, adjust what you’re doing. This might involve making a different kind of jewelry or driving your social media strategy in a different direction.

8. Do What You Love

What makes you different to someone else making jewelry? It’s not price or the quality of your jewelry, it’s that you love doing what you do.

Making jewelry is a creative process that requires a lot of time, effort and passion.

That’s why if you’re making jewelry you believe is beautiful and wonderful, the chances are, other people will too. There’s always a market for it.

Starting Your Own Home Jewelry Business

Whether you’re taking your first steps into the world of entrepreneurship, or you’re an experienced player in business, starting your own home jewelry business can be daunting.

With these tips, you’ll be well on your way to success with your passion project! If you’ve set up your own home jewelry business, we’d love to hear from you. Let’s us know in the comments.

Otherwise, if you want to know more about becoming your own boss, explore our blog or get in touch.