There are three questions you want to ask yourself when you begin to think about starting your own business.
1)How much time do I have to invest in a business per week?
Today we have so many options to help us work from around our families because of the internet. It truly gives you the freedom to design your life and reach billions of people all around the world, which I did not have when starting my first business almost 20 years ago. However, you still need to sit down with a weekly plan sheet and figure out exactly how much time you can devote to a business each week especially as a busy mom. A more traditional business like becoming a beauty blogger, coach or a service based consultant is going to require more of a time investment than the many wonderful direct sales and network marketing opportunities. They allow you to ability to step into a business model
Today we have so many options to help us work from around our families because of the internet. It truly gives you the freedom to design your life and reach billions of people all around the world, which I did not have when starting my first business almost 20 years ago. However, you still need to sit down with a weekly plan sheet and figure out exactly how much time you can devote to a business each week especially as a busy mom. A more traditional business like becoming a beauty blogger, coach or a service based consultant is going to require more of a time investment than the many wonderful direct sales and network marketing opportunities. They allow you to ability to step into a business model
Without having to develop the entire business plan.
2) What financial resources do I have available?
Just like the time consideration, you must figure out how much money you have to invest and how long you can work a business without profiting. More traditional businesses require a bigger financial investment. You can “boot strap”, but that means you are not taking a profit, so you have to figure out how long you can do that. Direct sales and network marketing opportunities do not require the same amount of financial investment, but you will need to invest something, so you need to know up front how much do I have. More traditional businesses can take as long as 3 to 5 years to be totally profitable. Direct sales and network marketing can be 3 to 5 months, so understanding this when starting out is so important.
Just like the time consideration, you must figure out how much money you have to invest and how long you can work a business without profiting. More traditional businesses require a bigger financial investment. You can “boot strap”, but that means you are not taking a profit, so you have to figure out how long you can do that. Direct sales and network marketing opportunities do not require the same amount of financial investment, but you will need to invest something, so you need to know up front how much do I have. More traditional businesses can take as long as 3 to 5 years to be totally profitable. Direct sales and network marketing can be 3 to 5 months, so understanding this when starting out is so important.
3) What gifts, talents of experience can I monetize?
I truly believe that everyone has something they can monetize and turn into a business. Begin by taking an inventory of the things you are really good at, so that you can begin to find what you can turn into a business. Ask yourself, what can I do with my eyes closed? What do people always ask for me help with? And what would I do for free?
I truly believe that everyone has something they can monetize and turn into a business. Begin by taking an inventory of the things you are really good at, so that you can begin to find what you can turn into a business. Ask yourself, what can I do with my eyes closed? What do people always ask for me help with? And what would I do for free?
How to create more money and work around children at the same time
A weekly plan sheet is a great building block to use for your success! Take time at the beginning of each week and actually hand-write you schedule and goals for the week. The time that you spend actually writing everything down solidifies those times in your mind because it turns on a system in our brains which signals it's importance, meaning that you’re more likely to follow through with your plan.
Your weekly plan should be mapped out in blocks of time, so that you can work without interruptions and so that you do not multitask. Multitasking reduces our brain’s potential. For a busy mom this can mean nap time, while the kids are at school, or once everyone has been put to bed.
So instead of trying to work while taking care of a baby, wait until your little ones are asleep.
So instead of trying to work while taking care of a baby, wait until your little ones are asleep.
Spend your morning blocks that you have available for your creative thinking; use that time to focus on marketing and other income producing activities. Then use your afternoon and evenings for responding to e-mails, scheduling and other things that require higher brain activity. First thing in the morning has been scientifically proven to be the best time to create.
The number one thing in order to allow yourself to be able to work while having young children is communication. Divide your time so that they understand that there’s “mommy’s work time” and “their time” and help them understand the differences. The greatest way to make this a success is ensuring that during “their time” they have your undivided attention. This allows for quality moments and intentional conversations that can be the foundation for your family’s growth as well.
More tips to becoming a smarter business woman can be found during my exclusive online event “Financially Free” this Sat. Learn more here SnoweSaxman.com/financiallyfree and to get your free divine financial gift bundle.
Snowe Saxman is a Success, Wealth & Women’s Expert + two-time Amazon Best Selling Author, also known as the Money Oracle. She was a millionaire at age 25, living on food stamps + bankrupt by age 35 and now she is earning multiple six figures on her way to Millions again. She is married to love of her life, Paul. They have 7 children and 2 grandchildren. Yes, Snowe is a Glamma. Someone way too young and gorgeous to be called Grandma. She has been able to channel a painful past into a purposeful future and rebuild her global empire by teaching women God-Inspired success, financial & business strategies. Snowe had been featured on The Huffington Post, US News & World Report, Chase.com, Fast Company and hundreds of radio stations across the country.
https://twitter.com/SnoweSaxman
No comments:
Post a Comment