As a working woman, one of the biggest benefits of running your own business is being able to earn money in a flexible way. And when you’re raising a family, this is absolutely invaluable. No longer do women need to be stay at home mothers, they don’t need to explain huge employment gaps on their resume or lose confidence in their skills where they’ve not been used in a long time. Instead, it completely possible to earn money in a way that suits you. Here are a few of the ways you can run a business that genuinely fits around your lifestyle, instead of you having to change your life to suit your job.
Come up with a flexible business idea
First things first, you’ll need to come up with a flexible business idea. For example, if you’re an artist, you could sell your paintings, drawings or designs online and charge by the download- giving you a steady income without having to do any extra work. But on top of this, you could offer commissions and create custom pieces for people when you’re less busy. If life gets a bit hectic and you no longer have the time, you can simply close your commissions temporarily. A business like this where you can earn active and passive income is a smart move, as even when you’re not actively working you still have money coming in in the background. Writers can sell articles to sites which pay based on every download, photographers again can sell pictures already taken on a download basis. Then on top of this, you can offer your skills for custom pieces, conduct webinars or do other things when time allows for it.
If you’re running a business that takes off, meaning you can no longer handle the workload then there’s no need to stretch yourself too thin. Outsourcing allows you to hire a third party, whether it’s a freelancer or a professional company, to tackle a set area of your business for you. It could be a one-off job such as a company to design you an app, or it could be a part-time thing – such as a freelancer to manage your social media accounts and schedule posts. It could be a full-time job such as using an accounting company to manage your finances. From managed IT services to designers to payroll and much more, you can outsource pretty much any area of your company these days. It can really take a lot of pressure off you, and you have peace of mind that this area is being run correctly, to current laws and standards and to a high quality.
Hire someone to do your job
Perhaps you need to take some time away from your business; maybe you’ve had another baby, you might be caring for an unwell family member or just need a bit of a break. Instead of closing down your business, you could hire someone to do your job. It can be hard handing over the reins but get the right person and they could do wonders for your business, and you can still reap the rewards of profits without having to do the work yourself. It can be scary handing over this much control, but with the right candidate, you can train them and show them exactly how you want things to be run. Most entrepreneurs aim to eventually own a company that runs itself, but even if you’re only away for a few months it’s something you could do.
Moms who run businesses- do you have any tips for others in a similar situation? How do you prevent work from taking over your life, and run your business in the most flexible way possible?