Advice for the mompreneur to help find balance between running a business and raising a family.
Indianapolis, Indiana, September 4, 2015 (Newswire.com) - A mompreneur can be defined as a female business owner who finds balance between family and running her own business. Starting and running a business is difficult by itself. Family pressures increase with school, sports, and shopping. Because of these things, time management and delegation are critical.
Women in the Labor Force Statistics
Technology is one of the key drivers of female economic empowerment, but the fields that women choose to participate in are still decidedly gendered.
According to the US Department of Labor (dol.gov), 70% of women with children under 18 participate in the labor force. 57% of women participate in the labor force. Women make up 26% of those employed in computer and math related jobs. According to Forbes.com, about 45% of entrepreneurs starting their own business are female.
Mompreneur Work From Home Business Ideas
In recent years, MLM and network marketing companies, especially those related to fashion, gifts, crafts, and home accessories, have been a popular option for mompreneurs and women who want to be their own boss. Some of these include:
- Gold Canyon Candles
- Heritage Makers
- Mary Kay Cosmetics
- PartyLite Gifts
Although many of these have low startup costs, marketing health and beauty products is not for everyone. Some women have developed their own creative solutions to personal or professional problems and have a passion to offer these solutions to others. Weili Dai, a mother of 2, was born in Shanghai, China, in 1961 and immigrated to the United States in 1979. She graduated from UC Berkeley with a BS in Computer Science before she co-founded and worked as a software developer for Marvell Technology Group (a semiconductor company) with her husband, Sehat Sutardja. According to Forbes.com she has a net worth of $720 million.
Work From Home Ideas in the Finance Industry
Finance is a broad field that incorporates many occupations related to money. These include accountants, commercial bankers, insurance agents, financial analysts, mortgage agents, securities brokers, tax preparers and venture capitalists. Each one of these requires a different level of experience, education and certification. Many tax accountants, financial advisors, tax preparers and insurance brokers can be mobile and work from a variety of locations. It is these types of jobs that lend themselves well to be able to work them from home.
10 Tips for Mompreneurs
1) Prioritize - Don't try to juggle 30 items all at once. Prioritize your commitments and do those that are most important first.
2) Pre-cook Meals
Develop a menu, do the shopping, and prepare the meals for the entire week. Make it easy to pull a meal together through the week.
3) Put the Kids to Work
Younger children (ages 5-13) can handle small jobs, such as cleaning their room and stuffing envelopes. Older children (ages 14-18) can handle larger jobs, such as preparing meals and managing social media.
4) Find the Why
Why get out of bed early each morning and work long hours? Find that purpose.
5) Make It Fun
Running a business requires creativity. Make it fun for oneself and the kids.
6) Focus On Results
Work on those things that generate revenue and move the business forward. Do not spend time with things that do not enrich the company.
7) Lock the Door / Find a Babysitter
Find a system that allows for productivity and minimizes distractions.
8) Get Rest
Find time to rest, sleep, have date night and even travel. Spend some time away from the business.
9) Drop the Guilt
Do not try to be Superwomen. Do not feel guilty for not being perfect.
10) Put Health First
Good health is at the root of productivity and creativity. Develop good habits. Do not ignore the signs of exhaustion or illness.
Become a Mompreneur with 1040TaxBiz
1040TaxBiz offers an opportunity for mompreneurs to open their own tax preparation business. 1040TaxBiz has cleared many of the time-consuming obstacles that often stand in the way of any startup company. Contact 1040TaxBiz at 317-543-5570 to learn how to open a tax preparation office this tax season.