I’ll be working on a series of articles the next few weeks about mothers staring their own companies.
This has become a popular choice among mothers for many reasons.
For one, mothers who stop work to have children are soon faced with reality: Children grow up, and moms must return to work. The other reality is this: Children still need you. So, many mothers will try to find a career that will allow for flexibility in work hours so they can still attend PTA meetings, field trips, and other events that may not be possible during a typical 9-5 (or longer) work day.
Secondly, mothers often want to work from home. They enjoy the freedom it allows. Setting a schedule that is not typical often gives mothers an opportunity to handle other home issues, such as doctor visits, cleaning, and cooking dinner.
Thirdly, many mothers are creative (aren’t we!?) Perhaps while out on maternity leave and beyond we think of a ‘must have’, something that should be created – and then we decide to follow through on that idea. Owning a business allows us to unleash our creativity in a productive and fulfilling way.
Working from home also gives moms an opportunity to create some cash flow when we may otherwise have none. I know many moms who have started a small company on the side for some extra spending money. We enjoy the freedom this allows. This extra money may be spent helping to pay the standard bills, or it may be used for extras such as dance lessons and clothes for the kids.Every little bit helps, and when you start making some extra cash it certainly does give you more flexibility when it comes to things that you can do.
Mothers may not want to return to a career in which they have to follow the leads of others. Perhaps they are not interested in working numerous hours each week without the ability to stop when they need to stop. Maybe they need more time at home when the kids are home than a traditional career will allow. I know many mothers who simply burned out on what they did for the decade before children came – and now they want something new.
All of these are great reasons for looking into building a company. While business ownership certainly has its downs, which we will cover in this series of articles, it also has numerous ups. Knowing whether or not to follow an idea through is, of course, key, and we will cover this as well.
If you are considering business ownership, I’d suggest you first think of these few things:
- Do you have the time to invest in a new business (this can be difficult if you have a newborn or very young child at home – but it is definitely not impossible)
- Do you have the money needed for your venture
- Do you have the support needed from your spouse and/or family
- Can you find the resources you need to help you with this venture
- Are you able to sell yourself and/or your products, since businesses don’t sell themselves
Think of these questions for the next few days. My next article will focus on the benefits of business ownership.