Time management fundamentals – daily, weekly, monthly planning; vision work; accountability systems; priorities—remain the same over time. But over the last quarter century our collective view of time mastery shifted.
Your passion for family time prompted you to organize your business around your kids, spouse, etc. You cherished the flexibility to juggle things and the freedom not to miss those important events. But is that really how it has turned out?
Successfully Projecting Costs and Sourcing Funds For Your Mom Biz – Part 1
In all the mompreneur bliss hype, the pundits leave out an important component .
They overlook the elephant in the living room that no one talks about. Some mompreneurs experience shame about the topic, like you should already know how to do this since everyone else does. Or it’s whispered under breath so no one stops their excited momentum to mom business ownership land.
So what’s the clandestine topic?
It’s the truth about funding a business.
Many pretend there are no costs involved, or that the entry point is so low everyone’s able to absorb them.
Any enduring business needs resources—time and money—to start and carry it through the early years. Some business owners will need funding again for future expansion. ACCURATE RISK ASSESSMENT
You need to select or, for existing business owners, possibly reevaluate the different business options before you can start projecting costs and finding funds. Your comfort with risk combined with pickiness about the work you will do, leads you to the best fit. Once you have a concept in mind, you can play with the numbers.
Here are samples of businesses to consider or add to what you already offer:
Direct Sales –Provides a lower level of financial entry, an established business model, and a track record for you to review before signing up. Sell a product you love and believe in and associate with a company with good compensation. Before signing, view the pay structure. Compare to at least two other direct selling companies before selecting the best one.