Business owners have a survivor’s nature. They are adventurous, take risk and think outside the box more so than most anyone. An entrepreneur knows about risk. However, knowing how to plan for challenges and crisis isn’t always a priority until it is too late.
Put Pride Aside
The main issue most run into that have the ability to work at doing something they love, is to start to do something they don’t like – in order to make enough money to survive. This means, possibly doing things you originally considered out of scope of not a focus for your household or business.
There was a time when we were launching our real estate business that we needed to find money to advertise, my husband took a paper route delivering newspapers and started delivering pizzas on the slow days to put that money aside for our advertising. He fell back on those jobs throughout our marriage when we needed money fast and wanted the flexibility to make it. I also, took on babysitting other people’s kids overnight that worked night jobs to supplement. We did what we needed to do – not what we liked to do – to reach our goals.
All hands on-deck
If you live with others or others are invested with your business, everyone should do their part. Setting expectations for sharing the financial load of maintaining a home, a business is important. There will always -always, be a weak link. That is the case even among stars. However, identify the person, resource, or issue and mold it into the best representation of itself.
Income & Juggling Budget Obligations
Any household, business, or person, should strive to have multiple streams of income. Even if one parent decides to stay home, finding another source of income for the family that takes little effort to cultivate is important in relieving stress.
For a business owner, they need to have methods their business can create and funnel in income without it being as time or energy dependent. Some quick tips on how to do this:
- Compress resources: for example, instead of purchasing or doing a long term lease for an office space, do a Day-Office instead where you rent an office for the day or times you need it. This works well for micro-businesses.
- Don’t be the only source of income for your business: For micro-businesses it’s great that you can run everything yourself to make money, but what if you get sick? Fine other sources of income besides your time/body. For instance, I am a career re-imagination coach, education coach and writing coach – but there isn’t enough hours in the day for me to service everyone. I created online courses to support my readers, clients and students.
- Barter and Trades: If your business doesn’t have the funds or your household doesn’t, fine ways to trade your skills, time, efforts with others that will be able to do the same for you.
Homeschool Down to Basics
Now with many being forced to homeschool their kids, try to work from home, and deal with the stress of crisis, taking things bare bones can relieve stress. When homeschooling and working, own your flexibility.
Have a schedule of work your kids can do independently based on their learning styles, attention span, educational gaps. Then assess how much one-on-one time you can spend with them each day. Only focus one on one time on Reading, Reading Comprehension, Writing and Building Math Skills. Make all other subjects secondary.
Homeschooling is MUCH easier when you do it without state oversight by withdrawing your child from school and stating that you are officially a homeschooler. Doing so, reduces the amount of work required for your child to do and allows you to customize their education.
Please see the HSLDA (Homeschool Defense) for the laws in your state: https://hslda.org/content/laws/
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.