Wanting to start your own business is a big step for working moms. Therefore, selecting a business that will meet your needs, be flexible, calls to your passions, and makes you money is sometimes hard to find. There are so many personal factors that impact the decision, and as a fellow mompreneur, I’ve tried many.

Investing in your business or get paid out the door

When considering starting a business that you are supporting from home or as a working parent, money and the amount to invest is usually a concern. You want a business that has as little startup cost and operating cost as possible. That’s one way that you can ensure that it is a financial benefit for you and your family.

Popular types of Mompreneur businesses

Creating a micro-business specific to your experiences and areas of interest is a great option for many. This involves taking what you’ve done in your career and making it your own business. Working in freelance to provide administrative and marketing support for other small and large businesses is a great business that works around your personal schedule. Another possibility is transferring your knowledge and interest to an online course or coaching business. Online store owner can be a business where you basically sell your old stuff or buy then sale in various marketplaces such as Etsy, Mercari, Amazon, Craigslist and more.  

Starting a franchise business is a pricey, but potentially profitable, business. There are small businesses such as tutoring services like Kumon and Sylvan where you can invest in the franchise for a small fee. Other choices are Cruise Planners, Fit4Mom, Chem-Dry, Jazzercise, Jan-Pro which offers services from travel, fitness, and cleaning services. 

Multi-Level-Marketing is a form of business that many mothers find cheap to start up and easy to work around their family obligations. Some popular and successful ones include Usborne Books, Avon, doTERRA Essential Oils, Pampered Chef and Scentsy.

The final decision

Your final decision should be based on what you intend to gain by starting your business; with it’s goal to include income and self-gratification. If you aren’t making money from the work you are putting in, it is a detriment to your family and goals. It is a discouraging aspect of starting a business. Do your research on the business you hope to pursue. Make sure it checks all the points that are important to your goals. Realistically, it takes at least three to five years for any business to make a profit. Knowing that, consider what you would want to do for that amount of time just for the experience. Having your business in line with your personal areas of interest you are passionate about makes it a success even when you aren’t making the money from it you’d like. 

Blog: http://homeschoolandwork.blogspot.com/

Content courtesy of LM Preston, author of Building Your Empowered Steps and Homeschooling While Working To Shape Amazing Learners, www.empoweredsteps.com

Contributing Author, LM Preston

LM Preston, is an author, business owner, wife and mother who has written both fiction and non-fiction books that have reached best-seller status. Her passion for writing and helping others to see their potential through her stories and encouragement has been her life’s greatest adventures. She also is a personal coach who supports clients in writing, publishing, goal realization, career imagination, parenting, homeschooling while working and much more.

Connect with LM on Facebook and follow her work on Twitter @LM_Preston

Her fiction novels can be found here, and her blog can be read, here.