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Thinking of becoming a momtrepreneur?
| Guest post by: Rene Truter |
Article Overview: Many mothers are hesitant to become entrepreneurs because they're afraid of the many risks involved and that it will do their family life more harm than good. These are valid concerns, but there are also good reasons for why starting a business may do exactly the opposite.
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Free Download - Some pointers when choosing a business partner By Rene Truter |
Thinking of becoming a momtrepreneur?
Tough economic times, retrenchment, the need for change... whatever your reason, you may be thinking about starting your own business. But how do you include the title of 'businesswoman' into the many responsibilities that come with motherhood? The other concern is that if your venture fails, you may be taking food out of your children's mouths.
If you think you have an entrepreneurial spirit or a business idea that could work - but you just aren't sure - here are some things to consider that may help you decide which fork in the road to take.
- What are you good at? Make a list of your interests, experience and expertise. Also, successful entrepreneurs will agree that if you're not passionate about any of these things, scratch them off the list. If you don't love doing it, you're probably not going to make a success of it
- Do you have what it takes? This will always be a fear for anyone thinking about risking it all to start their own business. The fact is, parenting is the toughest business in the world. You already have courage, determination, patience, perseverance, intuition and resourcefulness; all traits of business moguls
- Are you self-disciplined? When you dictate your own working schedule, can you resist the urge to take the day off to spend with the kids, to sneak in an afternoon nap or leave things till the last possible moment?
- Is your current income cutting it? If you're worried about your job security, need an extra income in the house, want to earn more or simply want to sign your own pay-cheque, opening your own venture may be the way to go
- Lessred tape: During an economic slump, small businesses often fare better than larger corporates because they can make changes, cut expenses, add/drop products and so on without having to consult 20 different people or departments
- What ifs: If you think about it long enough, you could probably find 100 things that could go wrong with your own business. However, any entrepreneur will tell you that no business exists without bumps in the road. If it were easy, everyone would do it. If you truly believe in yourself and have the drive, the desire and the right business idea, you'll overcome any stone that's put in your way
Copyright© 2010 Business Partners Ltd. All rights reserved. Related Articles
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Article Tags: business, entrepreneurs, home, many mothers, woman, women
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About the Author: Rene Truter RSS for Rene's articles - Visit Rene's website The SME Toolkit is a project of the Small and Medium Enterprise Department of the World Bank Group and is available in multiple languages through local partners, such as South Africa, around the world. Business Partners Ltd, leading risk financing company for small and medium enterprises (SMEs), has made the online Toolkit available for all entrepreneurs in South Africa. The Toolkit is a joint initiative between Business Partners, the International Finance Corporation (IFC) and IBM, offers easy access to information, resources and online training relevant to SMEs in a large number of industries and business sectors. The SA SME toolkit provides how-to articles, business forms, financial tools, online training and information resources developed by leading experts, and free software tailor-made for SMEs. All aspects of business set-up and management are covered, from business planning to accounting, financial management, human resources, import /export, legal and insurance matters, marketing, sales, operations and information technology. The site also offers a range of self-assessment exercises and tools, aimed at enabling entrepreneurs to take control of problem-solving in their companies, and even to proactively implement strategies to avoid potential problems. Users have lauded the SME Toolkit as a one-stop shop for almost any piece of information needed to run their business. Register on the Toolkit today to start receiving the monthly newsletter and grow your business knowledge and skills. Click here to visit Rene's website   Collecting debt from your clients Finding a female mentor Know where to cut costs Young entrepreneurs do you have what it takes Pitching your business idea to potential investors |
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