![Tip #4: Take a look at your finances.]()
10 Steps to Becoming a Self-Employed Parent (Or What to Expect When You Are Expecting to Work from Home)
Ally Loprete is the Founder and CEO of Our Milk Money
Don’t just ponder it for a moment and try to add up things in your head. Really, take out a piece of paper and write out what you are currently spending on things, paying special attention to the categories that will shrink once you are working from home: business attire, dry-cleaning, gas mileage and car maintenance, car insurance (yes, it will go down if you no longer have a long commute each day), daily lunches eaten out, daycare, etc…) Don’t judge the situation just yet, just do the task. You can also take into account that if your spouse becomes the sole provider, The family will get a significant tax reduction. Letting go of your stable paycheck will be the scariest thing of all, but if being at home is truly where you want to be, you’ll be able to make the sacrifice.
Self-employed Parent Enthusiast Ally Loprete is the Founder of OurMilkMoney.com, a nationwide online business directory of self-employed parents, and the host of This Little Parent Stayed Home, a live weekly radio show which is part of the Her Insight Group on Toginet.com. Ally is on a mission to help others deal with the sometimes overwhelming prospect of leaving a full time job to start a new business, while running a full time household and raising kids. She is resolute about creating a haven in which parents across the nation will continue to thrive and obtain the support they need in their personal journeys.
10 Steps to Becoming a Self-Employed Parent (Or What to Expect When You Are Expecting to Work from Home)
This is one of the hardest first steps to becoming a self-employed parent, because it means you are going to let some things go. First, realize that just because you have to cut down on some indulgences does not mean that you are living in poverty. You will survive. Look at your credit card statements, your cell phone bills, your other spending habits. Lower your cell phone plan minutes, brew your own coffee, use the library to borrow books and videos. Consider how often you use your gym membership and if your physical activity can be replaced by taking the kids for a walk, or joining a weekly stroller strides group. You will not be seeing as many movies, so invest in a video service such as Netflix, which is significantly less expensive. Instead of meeting friends out for drinks, (which has suddenly become even MORE costly from the need to hire a babysitter) invite them over for a game night. Let go of your season tickets and watch the games on TV for free, or check your local listings for community events such as free concerts in the park. You must learn to change your lifestyle a bit, but now that you have become a parent, your life has already changed and you may have found that you have said goodbye to a lot of these luxuries anyway. It won’t be long before you may actually prefer a night in with the kids and an animated video. Most likely, you will begin to enjoy the creative activities that you are able to come up with as a family. On the rare occasion that you are able to hire a sitter and get out with your grown-up friends, it will mean more to you than it ever did before.
Self-employed Parent Enthusiast Ally Loprete is the Founder of OurMilkMoney.com, a nationwide online business directory of self-employed parents, and the host of This Little Parent Stayed Home, a live weekly radio show which is a part of the Her Insight Group on Toginet.com. Ally is on a mission to help others deal with the sometimes overwhelming prospect of leaving a full time job to start a new business, while running a full time household and raising kids. She is resolute about creating a haven in which parents across the nation will continue to thrive and obtain the support they need in their personal journeys.
10 Steps to Becoming a Self-Employed Parent (Or What to Expect When You Are Expecting to Work from Home)
Make a list of the things you need in order to offer your service- even just on a limited basis. Hold off on hiring that webdesigner for just a bit, and ordering those businesses cards. Start with the basic tools you need to be able to provide your service. You may find that you already have much of what you need. If not, then make a small investment in these basic tools. This is a lot more cost effective than purchasing a franchise, or renting an office space. You can always upgrade later, as your business grows. Once you become self-employed, you will be your own boss, and that means you will be able to create your own rules. You can charge less that your competitors, because you will be working out of your home, and your overhead will be absorbed into what you are already paying for rent. You can choose your own hours, and re-arrange your schedule around naps, playdates, or your spouses work schedule. Remember to get creative. You are the boss, so you call the shots. For example, if you are a hairstylist, you can offer to go to you clients home. This will circumvent paying rent at a salon so you will be able to charge less than your competitors (which your clients will appreciate). You may even be able to bring your kids with you to play with your client’s kids- a playdate while you work! It’s a win-win.
Self-employed Parent Enthusiast Ally Loprete is the Founder of OurMilkMoney.com, a nationwide online business directory of self-employed parents, and the host of This Little Parent Stayed Home, a live weekly radio show which is a part of the Her Insight Group on Toginet.com. Ally is on a mission to help others deal with the sometimes overwhelming prospect of leaving a full time job to start a new business, while running a full time household and raising kids. She is resolute about creating a haven in which parents across the nation will continue to thrive and obtain the support they need in their personal journeys.
10 Steps to Becoming a Self-Employed Parent (Or What to Expect When You Are Expecting to Work from Home)
Start slow. Offer your services for free to family and friends- just in the beginning. This will help you build up a client base, as well as give you a chance to get the hang of things without the added pressure of being perfect. Send out an email to friends and family telling them of the service that you are offering, and tell them that you are willing to waive your fees just so you can gain a bit of necessary experience. In exchange, you may ask for them to support you in another way such as contributing to an email campaign, or watching your kids for a few hours a month. If you have never done anything like this before, give yourself room to grow, and don’t be so hard on yourself if you mess up. You will learn from the mistakes that you make, and this will make you a better entrepreneur.
Self-employed Parent Enthusiast Ally Loprete is the Founder of OurMilkMoney.com, a nationwide online business directory of self-employed parents, and the host of This Little Parent Stayed Home, a live weekly radio show which is a part of the Her Insight Group on Toginet.com. Ally is on a mission to help others deal with the sometimes overwhelming prospect of leaving a full time job to start a new business, while running a full time household and raising kids. She is resolute about creating a haven in which parents across the nation will continue to thrive and obtain the support they need in their personal journeys.
10 Steps to Becoming a Self-Employed Parent (Or What to Expect When You Are Expecting to Work from Home)
There are currently more than 5 million work-at-home parents and that number grows every single day. These are not your competitors, this is a large support network of people, who are just like you. They need you just as much as you need them. Reach out, ask for help, and be ready to listen and learn. There is an abundance of information out there at your finger tips FOR FREE. This can sometimes feel like information overload, but it can provide you with exactly what you are looking for the moment that you need it.
Remember to pat yourself on the back often. As your own boss, you will need it. Rome was not built in a day. Earning a revenue will take time, so expect to struggle for a few months. Even the most successful businesses take time to become profitable. Finances will be tight, and it may seem like you are working twice as hard for less reward. But keep your eye on the prize, and trust that you are as good as anyone else who has chosen to work from home. Your greatest reward may not be the income, but the abundance of time you can now afford to have with your children, and being able to call the shots in your own life.
Self-employed Parent Enthusiast Ally Loprete is the Founder of OurMilkMoney.com, a nationwide online business directory of self-employed parents, and the host of This Little Parent Stayed Home, a live weekly radio show which is a part of the Her Insight Group on Toginet.com. Ally is on a mission to help others deal with the sometimes overwhelming prospect of leaving a full time job to start a new business, while running a full time household and raising kids. She is resolute about creating a haven in which parents across the nation will continue to thrive and obtain the support they need in their personal journeys.
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