by Leslie Campos
Being a stay-at-home mom is a full-time job in itself, but many mothers want to start a home-based business as well. Whether your family needs additional income or you simply have an entrepreneurial spirit, your family can benefit in many ways by having one parent work from home regularly. Recent research illustrates the benefits of having a working mom: Women who grew up with a working mom frequently out-earn their peers who had a non-working mom, and men raised by working women generally spend more time with their families. Whatever your reasons for doing so, working from home — especially when children are also home — is a difficult task, so follow these tips to manage.
Building a Business
To succeed as a self-employed, work-from-home mother, it is important to understand the basics of starting your own business. You need to choose a business model that matches your strengths and time constraints. Additionally, you have to complete paperwork to register your business, receive tax identification numbers, acquire funding, and complete other start-up tasks. Keep all your documentation organized and easily accessible in case you need it later. During the initial phase, Incricia’s marketing services can help you create an advertising strategy, allowing you to better reach potential customers.
If you decide to hire employees to delegate the workload, there are additional legal requirements. Depending on the size and nature of your business, you may need workers’ compensation insurance. If you hire employees rather than independent contractors, you need to file and pay employment taxes. Regardless of the classification of your workers, payroll can be daunting for someone just starting a business. Employees must fill out W-4 forms to calculate their withholding rates, and employers must stay organized and on schedule. Fortunately, there’s software that makes life easier. Depending on the platform you choose, you can receive reminders, set up direct deposit, and e-file payroll taxes — essentially, streamlining the entire process so you keep your team motivated and better manage your cash flow.
Raising a Family
Even with strong business practices, working as a stay-at-home mom comes with unique challenges. Many working moms, whether they work in or out of the home, feel guilt over the decision. Remember if you are starting the business for financial reasons or personal fulfillment, you are a key family member — what benefits you also benefits the family as a whole. Don’t forget to take time for yourself to relax. It may feel like you are neglecting your parenting and work responsibilities, but when you are rested and recharged, you are able to be more productive and really be present with your kids.
One of the biggest struggles when working and parenting from home is finding enough time to actually do the work. Young children need your attention and older children may not understand why you are not spending time with them if you are home. Fortunately, there are many ways to deal with these situations. In addition to fostering independence, there are plenty of little tricks to make your work days more productive. Use nap time strategically, and consider wearing out your infant. If you have older kids, make sure they have plenty of activities to keep busy and have snacks they can prepare themselves.
Being a mom is hard. Running a business is hard. Doing both at the same time can feel impossible. However, with a strong business foundation, an arsenal of parenting hacks, and the right tools and services on your camp, you are more likely to succeed. See how Incricia can help you.
ABOUT THE AUTHOR
A busy mom herself, Leslie Campos has dedicated her site Wellparents.com to all the moms and dads out there searching for ideas on being physically and emotionally well. She loves to practice yoga, CrossFit and watch The Great British Baking Show when not working or running her children to various after-school activities.