Pay the bills, break up the spats, neat the house, fix the sink, kiss the boo-boos, cook some dinner & read a bedtime story. Single mothers juggle it all every day, & lots of pick that beginning a business will make the balance less tenuous. Starry eyes drop like flies. With passion, focus & perseverance, single mothers can & do become successful entrepreneurs; it can take a year or more of planning & preparation to start a business.
1 Save your pennies; of the primary reasons start-up businesses fail is under capitalization. Though funds is often tight for a single brother, every dollar you set aside enhances your business' chance of survival. It doesn't matter how little you start; start, & the dollars will take care of themselves. A few dollars a week can grow to hundreds by the finish of the planning phase.
2 Write your vision for your business to the smallest detail. What will you do; who are your customers? Highlight the things that set your business idea apart from competitors & brainstorm the way you will communicate those things to your market. Know how much funds you need to make. Detail your expenses & keep in mind to include dollars for the kids' activities & infant care. Select what your services must sell for & how much product must sell for in order to cover costs & meet profit goals. Set your prices.
3 Plan the logistics. Primary for a single brother is childcare; choose the way you will handle it. If your children are school-age, it is comparatively simple to block out hours for work; if your infant is little, think about daycare. Working when the infant sleeps can lead to a mommy all day entrepreneur all night schedule; it is crucial to make an honest assessment of the way you will manage your time. Again, don't overlook the seemingly miniscule; eating lunch, showering & sleeping all take time.
4 Make an honest & exhaustive stock of your talents, gifts & skills; in the event you can do it, write it down. As a single brother, you run the house, meet the budget & coordinate several schedules; these & lots of other parenting skills like conflict resolution & focused listening will serve your business well. Don't overlook them. Think about how the things on your list equip you & write a shameless, self-promoting statement of what makes you uniquely qualified to start your business.
5 Talk to the children. You are going to need their cooperation & it will be simpler to get in the event that they feel included in your plan. Portray how your business will need a relatives work & ask for their help. Share tales about other single mothers who are successful entrepreneurs & emphasize how your business' success will benefit the whole relatives. Keep the conversation age appropriate.
6 Build your network. People buy from people they know, like and trust. Join organizations and associations relevant to your industry and participate on niche social networks. Single mothers can include the children in this endeavor; family-friendly group excursions and social functions provide the chance for both sharing relatives time and meeting new potential business connections. Who you know can propel your business to success; meet as plenty of people as you can.
7 Start. It is that simple; introduce your business to your market and get to work.
8 Contact your county clerk to select what licenses and permits are necessary to start a business where you live. Sole owner can usually start by registering a DBA (doing business as or assumed name) with the county and the fee is usually less than 50 dollars.
