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You might not have heard of the word “Mompreneur” yet, or you may be familiar with it. Mompreneurs are a growing group workers. The term “Mompreneur” describes women who run their businesses while also being full-time parents.
Mompreneurs are likely to run a business out of their homes or organizations. Because they’re busy with family obligations, mompreneurs have to find a balance between work life and private life – meaning they must do business while juggling the demands of their children. They succeed in doing most of their work at opportune moments throughout the day when their children don’t require as much attention.
Today, we live in a world with mompreneurs – a new type of educated women who give up jobs to stay at home and raise their children while still generating incomes as entrepreneurs.
Mompreneurs Bring A Lot to the Business World
“How do you do it?” – people frequently ask moms, which means how do they manage taking care of their kids and doing business? The question can have a lot of answers. Moms work at home, outside, or both: no wonder people have issues understanding how they manage so many roles. How do they manage to get up before dawn, prepare kids for school, make lunches, run to the shop to buy forgotten items, answer emails, calls, and so on – and all of this before 8 a.m.!
The service employment as a share of total jobs for women in the UK increased significantly between 2000-2019. It can be seen that the 91% of total female employment in the UK increased by 4.5% points compared to 2000. This growth is impressive, indeed, and the trend keeps rising. Women’s entrepreneurship is on the rise, with more women of all ages wanting to start and run their own businesses.
Habits of Highly Effective Mompreneurs
Without further ado, here are the habits of highly effective mompreneurs:
Find a Supportive Partner or Get Your Family’s Help
Here’s an example. Women working in the accounting industry have launched incredible mom-owned startups. Moms have this excellent formula for entrepreneurial success. They just do it better. Maybe they’re used to juggling roles, possessing perseverance, and excelling at creating results.
However, if you work in an industry like accounting and handle accounting software, you definitely spend long hours at the office. Accounting is a challenging field even without children, as the working hours can increase up to 60 hours per week during specific times of the year. So, it makes sense to find a supportive partner or receive your family’s help. It’s crucial to being successful.
Understand What to Expect
Again, let’s use the accounting industry example. It’s definitely no joke that this industry is stressful, as some people can work even 100 hours per week. Overtime doesn’t get better the longer you stay, so deciding to create a flexible schedule at home can save you from burning out.
Salaries can get high in the accounting industry, especially after a few years of growth. If you’re a mom who wants to grow your own business in the accounting industry, remember to manage your payroll and business finances in one place. QuickBooks is perfect for all employers who need to do things simply. Payroll software for small businesses is an excellent solution for mompreneurs.
Mompreneurs are the type of people that understand that it’s okay if the sink is full of the dishes now or the laundry for the week isn’t finished. If your child ate a cupcake for dinner? So, what? Super moms know that time will eventually work in their favor, proportional to their to-do list. They accept that sacrifices have to be made, because you can’t have it all simultaneously.
Successful mompreneurs know how to manage tasks, both business and personal. You just need to keep an eye open for your business and the other for realistic household needs. Don’t think about failure, and even if you do, you’ll still win at the end of the day!
Effective mompreneurs know how to carry these qualities into business. That’s what makes them super-moms. And when things get tough, they’re not afraid of asking for help. If you take on more than you can handle, you’ll eventually get stuck. Let someone else in to help you. It’s about knowing how to admit you need help. In business, it’s equivalent to enjoying your work with employees you trust.
Pay Attention to the Details
There are so many successful mompreneurs out there; you wouldn’t believe it. Noticing these successful women will help you be successful in doing business and managing your personal life. You must pay careful attention to detail, believe in yourself, have passion and confidence, be kind, and be willing to do what it takes to get where you want to go.
It’s all in the details. Don’t focus on the big picture; focus on creating what’s in the picture. Sometimes, you might need to change direction. If you’re putting all your efforts into creating a business that no one seems to be interested in, you might waste your time and energy. Sometimes, knowing when to change the course of the game is essential if you want to become a successful mompreneur!