When they have children many women naturally want to stay home to care for them, but staying at home does not mean that women cannot become successful entrepreneurs. A stay-at-home mother may have a great business idea, but how can that idea be turned into a flourishing business?
Types of business opportunities
internet has made it possible to run many businesses from home, such as
selling goods on auction sites, community sites or on your own website.
You may have acquired valuable skills in the workplace which you could
use to sell services online such as website design, developing software,
animation work, writing articles or creating information products.
Stay-at-home mothers can also offer private mentoring, teaching or
coaching. Product testing and review writing can also generate income.
first thing that budding entrepreneurs need to realize is that
transforming their good idea into an actual business is going to require
Two approaches to business
are two approaches to running a business from home. The first is to
take your idea and create your own business. In order to do this you
will probably need to get a loan from a bank, which will have to be
backed by a personal guarantee. It is hard to find the money, but unless
you have family members who are prepared to invest you will have to
take on a loan.
other approach is to start a business and then get venture capital to
build it up. Once the business has become reasonably successful it can
be sold. Equity investors in general are looking for a way out of the
business eventually. The most logical way of achieving this is to sell
the business, but you have to be careful, few businesses run by women
have turnovers in excess of $1 million.
approach you take you will need to be able to put together a cash flow
to show how your business will make money and how much it will cost to
run. No investor will be prepared to part with his or her money unless
you can demonstrate that your business idea is viable.
Develop your skills
be a successful entrepreneur you need to develop your own brand. If you
went out to work before having children then you will already have
experience of the workplace, interacting with people and working in a
team. If you can, continue with your education from home and get into
networking online. Websites such as LinkedIn can help you develop your
personal skills and help you to meet people online who might be able to
someone who can act as a mentor is useful and you can learn many
valuable skills from an individual who has already created a successful
business. Finally if you can find some business or entrepreneurship
classes in your area you can learn valuable skills that will help when
you come to set up your own business. You will be able to find courses in entrepreneurship in California
and many other states. These courses can give students hands-on
experience and help them to become comfortable assuming leadership
positions and working in teams. Many will encourage you to develop your
ideas into real business ventures after graduation.