What kind of business can I start
as a mom?
What kind of business can I start as a mom?
I believe it is very important for a mom to take charge of her finances and understand how to make money, save it, spend it, multiply it, and donate it, so she can teach her children to do the same.
The ripple effects of a mom who is educated and comfortable with her finances are huge and can change the trajectory of her family for multiple generations.
One of the best ways to make money is through owning your own business.
So what kind of business should moms start?
An online business is one of the best businesses any mum can start. Given the acceleration of shopping and education both moving online recently and the known profitable future potential of both these industries, it is an excellent business model for any mom to learn and start.
Why moms should start an online business?
Owning an online business is one of the best ways for you to grow, serve, create change and make a worldwide impact.
Let’s discuss 10 reasons why moms should seriously consider starting an online business.
Fulfill your purpose
Starting your own online business makes it possible for you to have the freedom to design and create your life, work on what you love, and what gives your joy.
You can utilize your God-given gifts, natural talents and skills to create a brand, products and services that serve, solve problems, better the lives of your customers, and provide them with transformational results and experiences.
Growth
One of the fastest ways to personal development is through owning and starting your own business.
As you learn and grow you can continue to innovate your company and its offerings.
Also learning to manage yourself is a skill that will definitely improve as you begin this journey since there will be no one to watch over your shoulders, tell you what your priorities are, and give you deadlines.
Aligned values
It is possible to have your business’ values aligned to your core values.
For example, you can put your family first and take guilt-free time off when required especially in case of sickness and emergencies.
Energy
You can be in charge of your energy and spend time doing tasks that give you energy rather than depleting it.
You can stay healthy mentally by deciding and controlling how much negativity you will tolerate and allow in your business.
Decide how you want people to feel about your business brand.
You decide what kind of attitude you would tolerate from your team, vendors, and clients.
You can easily maintain a positive outlook, higher energy, and well-being since there are also fewer chances of getting sick when you work from home and are less exposed to germs from co-workers.
Self-esteem
Knowing and believing that you are capable of generating your own income will lead to higher self-esteem, self-worth, and confidence.
Low start-up cost
The start-up cost is lower as there are no rental, utilities, or telephone expenses
Web hosting costs of $100-200 per year are required for your website.
Lower expenses
There are lower car-related expenses like gas, parking, and maintenance since you are no longer commuting to and from work. Your insurance rate will also go down because you are not going to be using your car as often.
Clothing and lunch expenses will also be reduced since you are not going to the office.
Location Freedom
You are free to work from whatever location within your house as well as in the world. You are not restricted to a desk and space that is chosen by your employer as long as you have an internet connection.
You are not restricted to work with customers who live in your local area and can have customers that are located worldwide.
Time Freedom
You have the flexibility to make your own schedule and work at whatever time that is suitable for you and your family.
You can decide whether you will start working in the morning or afternoon and how many breaks you will take.
You can choose how many hours per day, week, month, quarter, and year you will work instead of having an employer determine that for you.
High-profit potential
There is a higher potential to earn since you are paid based on your results and you are not trading time for money.
Also, you can eventually build a team, accomplish more, and generate higher income.
Can sell business
You have the potential to sell your business asset and walk away with a large sum of money within 18 to 36 months.
More spare time
You can outsource all the things you do not enjoy and enjoy more time off with your family.
You can also take guilt-free time off when you are not feeling well.
No boundaries
Your business is not time-bound which allows you to earn money 24/7
Job security
You are in control of your destiny and financial security.
You can easily pivot and the chances of a crisis or a pandemic possibly affecting your business are much lower.
16 Reasons why moms make best business owners
Moms definitely have the skills and strengths required to be the best business owners.
Let’s discuss what some of these reasons are:
Strong Reason
Moms have a very strong reason to succeed in business especially when their family is relying on their financial success.
Also, moms would want to succeed so they can be good role models to their kid(s), inspire them to live their dreams and start their own businesses in the future.
Commitment and persistence
No matter how tired moms get they would still persist and do whatever tasks required for their children. They are fully committed to making sure their children are well taken care of and okay.
In the same way, once a mom commits to a business, she will persist through the rough patches in the initial stages.
Can multitask well
Moms have also mastered the art of multitasking. There is always more than one thing that is on a mom’s schedule to do such as laundry, cooking, working, helping with homework, paying bills etc.
This skill is easily transferable to a business wherein the beginning you have to do a lot of the tasks yourself without any help.
Nurturing
Moms also take a nurturer’s role in a family. They keep everyone united.
This skill is a definite asset initially in a business where a lot of nurturing and care is required in the initial stages of a business which is similar to looking after a newborn.
Work under pressure and urgency
Moms can work very well under pressure by focusing on one task at a time. For example, when there is a deadline to be met at work and also have to juggle all of the other household tasks like cooking, looking after a sick child, etc.
In a business, moms can do tasks with this same focus and prioritization.
Manage bad behaviour
All moms who have children that are 2 years or older have experienced the tantrums of the terrible twos and have learnt to manage them.
This skill is helpful when dealing with unreasonable customers, vendors, and staff.
Negotiate
Negotiation is an everyday occurrence in most households with children. Children love to push boundaries and negotiate. Moms learn to master the art of knowing when to negotiate, and how to get a win-win outcome by restricting the choices offered.
This skill can also be used in a business when negotiating deals with customers, vendors, and team members.
Patience
Motherhood requires a lot of patience especially when things do not go as planned, as well as a higher tolerance for pain.
A business requires a lot of patience and tolerance of painful moments especially initially when a lot of work is being done, however, the business is not known, is not serving a lot of people, and is not producing a lot of revenue.
Intuition
Moms are more inclined to listen to their intuition and gut feeling.
This skill can help moms make the right decisions that feel good in their business when it comes to communicating with the team, deciding who to do their business with, and who to hire.
Organization
Moms are very organized when it comes to coordinating all the tasks and events for their children and family.
These skills are very useful and important in a business when it comes to organizing all the daily, weekly, monthly, quarterly, yearly work tasks, activities and events.
Compassionate
Moms are very much compassionate and in tune with others’ feelings when delivering bad news to others. They display their emotions freely and teach their children to do the same.
This skill is very useful when feedback and performance guidance is given to the team and vendors without talking down to them.
Leadership instinct
Moms have a natural leadership instinct and are always able to guide their family’s actions based on their family morals and values.
These skills can be used in a business as a visionary to make sure that all decisions are made in accordance with business values.
Not afraid to speak their mind
Moms are not afraid to jump in and speak their minds, give their opinions, and guidance.
This skill helps to resolve issues sooner in both family conflicts and those within your business.
Community
Moms have great networking skills and are more open to seeking and talking to other moms, mentors, and other like-minded people to find answers to their questions related to their family or children.
These skills help them get answers to their difficult questions in a business sooner, enabling them to progress faster.
Trust
Moms invoke trust faster. It is assumed that a mom has certain characteristics and she will not be out there to lie and take advantage of other people.
Potential customers tend to have an easier time supporting and buying from a mom and forming know, like, and trust relations with mom business owners faster.
Ask a lot of questions
Moms are not afraid to ask a lot of questions in order to better be able to guide their children, family, and friends.
This skill is helpful when it comes to finding out exactly what the customers, vendors and team member’s needs are to fully solve their problem(s) and serving them.
Event planning
Moms are better event planners and have great attention to detail. Most moms are responsible for planning events such as birthdays, graduations, engagements, weddings, bridal showers, funerals, etc.
It is easy for a mom to transfer these skills to planning a work event and handling all the details like ordering food, booking public speakers, booking a venue, etc.
In conclusion, if you are a mom who is ready to take control of her own finances then starting an online business is one of the best businesses you can start
It can be started with low investment and provides enough flexibility to allow you to start this business on the side while having a full-time job until you start generating enough money to replace your current salary.
As discussed moms definitely have the skills and strengths required to be the best business owners.
If you are ready to start a business that you love and change the trajectory of your family for multiple generations then click the button below to download and discover the 3 secrets to starting a business that lights you up!
