Posts Tagged ‘Business Success’

11 AWESOME PRODUCTIVITY TIPS FOR BUSY MOMPRENEURS

Wednesday, March 23rd, 2016

Being a mom is no easy job. Once you bring a little person into this world, your life ceases being your own. Throw a marriage and business on top of that and you officially have the toughest job in the world – being a “mompreneur”.

Truth be told, being a mother, wife, and businesswoman all at the same time can be overwhelming. If you find yourself in such a position, you can probably attest that sometimes it feels like your mind is going to explode. While mompreneurs have arguably the most hectic lifestyles, the good news is you can still thrive in your business and motherhood. Not only is it possible, it’s also one of the most rewarding experiences a woman can experience.

In order to be a successful mompreneur, you have to adopt certain habits and ways of doing things that make you productive on a daily basis. So, with that in mind, here are 11 awesome productivity tips for busy mompreneurs.

11 Awesome Productivity Tips for Busy Mompreneurs

  1. Set Goals

Being productive begins with setting personal goals. Goals are an important component to achieving success in any endeavor, especially when it comes to running a business. When you are clear about what you want to achieve, this will motivate you to do more than the bare minimum. What’s more, goals prevent you from becoming distracted by unimportant matters and keep you on course even during tough times.
As a mompreneur, you need to set goals in your personal and professional life. Once you set your priorities right, it becomes easier to plan and get things done.

  1. Plan Ahead

Speaking of planning, this is one of the important skills of remaining productive. Planning ahead enables you to stay organized and work efficiently. Itemizing your priorities is a good way to avoid overwhelming yourself or putting off important things that might drag you behind.

There are many ways to plan ahead. For instance, you can make a to-do list for the next day every evening before going to bed. Alternatively, you can plan a weekly menu, stockpile groceries, then precook dinners and vacuum pack or freeze food to save time on cooking after a busy day at work. Cutting back on meal preparation can help you to spend less time cooking for the family and get more work done during the week.

  1. Do Not Try to Be Supermom

Being a mompreneur can feel overwhelming when you try to do it all. If you often feel like you don’t get enough time for family or fall behind on business targets, then ask for help. Consider hiring a sitter to watch your kids when you’re busy with the business or a house help to keep the household running smoothly. As soon as you can afford it, hire an assistant or employees who you can delegate tasks to. You can also include your kids in the business and ask them to lend out a helping hand during their free time in exchange for an incentive. Don’t hesitate to pay people to do tasks that are not in your zone of expertise as this allows you to focus your time on high revenue activities and become more productive.

  1. Define Your Boundaries (This is Crucial!)

This is an important tip for the stay at home mompreneur who has a home office. Although working from home has its many perks, there will no doubt be many distractions that can make you unproductive. It’s therefore important that you set clear boundaries for work and family time and stick to them. For example, avoid distractions such as TV, chores, and checking social media messages during work hours. The family must also know that mommy should not be interrupted during work time unless it an emergency. In return, be committed to quality family time when you’re not working.

  1. Take Frequent Breaks

When talking about getting more done in a day, taking frequent breaks may sound counterproductive. After all, most people think that increasing effort and time in something equals more work done and better results.

However, studies show that taking frequent breaks increases your capacity to do more work. Just like muscles need to relax after they tense up, you also need to relax and rejuvenate after short bursts of focused work.

Therefore, to become a productive mompreneur, remember to take frequent breaks in between tasks. Think of it this way: rather than increasing the time you work, you’ll be improving the quality of the time you work. By taking breaks, you will avoid fatigue, work more efficiently, feel energetic throughout the day and get more done.

  1. Limit Multitasking

Doing two things at the same time may seem like a great way to get more done, and sometimes it is. But science shows that productivity drops when multitasking because the brain cannot fully focus. As a mompreneur, multitasking may feel like you’re leveraging your time but the truth is you’ll be more predisposed to error and take longer to complete tasks. The lesson? Try to focus on one task at a time because you will work more efficiently this way.

  1. Keep to Your Schedule

It’s imperative to manage your time if you want to be a successful mompreneur. This means you need to establish a routine and stick with it. Being consistent with your routine will not only allow you to feel focused on what you need to be doing, it will also help you feel less overwhelmed.

  1. Exercise Regularly

Between raising kids, being a wife, and running a business, most mompreneurs rarely have time to exercise. In fact, hitting the gym or going for a jog might be the last thing on your mind when you have a pile of things to do. However, exercising regularly keeps you fresh, sharper, and energized for both your business and family. More importantly, excising often will make you less prone to falling ill, which can be a big setback for a mompreneur.

  1. Get Adequate Sleep

It’s easy to turn into a workaholic when striving for more productivity, but be wise and resist the urge. If you want to become an effective mompreneur, you also need your beauty sleep. Strive for at least 7 hours of sleep every night. Getting adequate rest will allow you to be at your best when running a business and being a mom at the same time.

  1. Let Your Motivation Drive You

One of the keys to success is staying motivated. As a mompreneur, remind yourself everyday why you’re in business. The reason could be anything from finding more time to spend with your kids, to striving for financial freedom or providing your family with a better quality of life. Be clear on why you chose to be a mompreneur and use it as rocket fuel to get moving and doing your best every day.

  1. Maintain a Positive Attitude

Being a mompreneur can be both physically and emotionally draining. You need to maintain a positive attitude at all times because that’s essential for success. Negative thoughts can keep you down and prevent progress. Therefore, you need to stop them in their tracks and instead embrace a positive attitude. One way to achieve this is to associate with like-minded women who are inspirational and provide moral support. Remember that positivity lets you keep sight of the bigger picture and pushes you to strive for success.

 

Conclusion

Becoming a successful mompreneur is no easy feat. As a mother, wife and entrepreneur, your work never ends. But if you manage your time well and follow the tips outlined above, you’ll soon learn striking a balance between your family and business’s needs are not that elusive after all.

 

Author Bio:

Uyo Headshot Closeup - 2016Uyo Okebie-Eichelberger, Serial Entrepreneur, Wife, Mom and Duke MBA, has successfully built a seven-figure empire in the maternity industry with You! Lingerie and Preggo Leggings, two leading designer brands of chic maternity/nursing intimates and apparel cleverly made for fashionista moms.

The former Kraft Brand Manager and her brands have been featured in several publications and TV shows like The New York Times, Glamour Magazine, Cosmopolitan, The Huffington Post, CNBC, The Today Show, E! News, OMG!, The Daily News UK, Pregnancy & Newborn, American Baby and Fit Pregnancy.

Currently, Uyo Okebie-Eichelberger’s brands are sold online and in over 120 stores in North America, South America, Europe, Australia, Asia and Africa. Uyo Okebie-Eichelberger recently partnered the world’s largest retailer, Walmart.com to launch an exclusive line of maternity/nursing lingerie called Love Xoxo by You! Lingerie.

She shares business tips on her blog: www.UyoOkebieEichelberger.com. Follow her social media pages on Twitter: @UyoEichelberger and Instagram: @Uyo

Lawsuit Funding Companies – Banking on the Small Entrepreneur

Saturday, July 18th, 2015

If you are a keen business executive, you must have observed the temerity with which small enterprises are fighting Fortune 500 in court. This is unusual considering these large conglomerates are flush with cash to crash plaintiffs.

Well, the secret lies in litigation financing, an aspect of financing that can help you safeguard your business even when the world around you seems to be crumbling.  Take for instance if an employee takes you to court over a case you have grounds to win.

Entrepreneur

Entrepreneur

Fighting Against All Odds

Fighting such a case can be devastating to your business if there is no other source of capital.  Luckily, litigation funding companies are bankrolling businesses in order to enable them fight any cases. Your enterprise might be facing one of the following situations:

  1. Intellectual property rights
  2. Disputes concerning assets
  3. Customer compensation suits
  4. Suits on unlawful termination or liability issues pertaining to your firm

Benefits of Lawsuit Funding

These are just a bit of legal issues your company can face at any time.  To survive then, you need to bank on a financial partner who trusts you will eventually win. Litigation funds help to pay attorney fees and clear other costs pertaining to your case. The advantage of these loans includes:

  1. Protection against bankruptcy due to a court case
  2. Spreading risks thus avoiding by avoiding litigation expenses
  3. Peace of mind in order to concentrate on your business as attorneys deal with your lawsuit
  4. Easy approval after assessment of the strength of your case
  5. No upfront fees and you only pay when you win. In essence, it is a no recovery no payback agreement which relieves you off any pressure.

The benefits go on and on but what you cannot deny is the fact that for once, the small business has a partner to lean on when the ground gets shaky.  You also feel more confident on your side as you will know these experts have already seen the strength in your suit.

Tips on Using Lawsuit Loans

Now that you appreciate the benefits of this kind of financing, it is time you started exploring the industry in order to identify the best firm to work with. Here are some tips on getting the best out of the deal:

  1. Weigh the options: While this might appear like a new industry, it has been in operation for a long time. This means there are many players out there therefore research and comparison is called for. You need to take time and examine as many companies as possible before picking the best.
  2. Understand every minor detail: It is critical to understand every aspect of the agreement to avoid disagreements in future. For an entrepreneur, more legal tussles can ruin operations and you must avoid them at all costs.
  3. Understand the application process: The agreement involves you, your attorney and the funding firm. A lot of research will be necessary but it is always crucial to follow the guidelines of your lawyer before applying.

There you have it; your business at last has a source of recourse in case you are slapped with weighty litigation.

BIO

Anita Burton is one of the most recognized legal writers for the last three decades.  Today, she focuses on aspects of the law that can help hapless citizens such as lawsuit funding companies.

An Entrepreneurs Guide to Planning a Business Effectively

Tuesday, July 7th, 2015

Planning to be successful in a business venture does not have to be a monumental and time consuming task. As an entrepreneur, if you know the right ingredients to be able to plan every step and facet of your business, you will have a good guide to manage any business effectively enough to prosper and grow. Your main focus should initially be; to know what to plan, get the right key people to help you come up with a good strategy and create some time to focus on getting the ideas in black and white.
Below is a step by step guide to help you come up with a good strategic plan that will make your new business venture prosper.

Entrepreneur

1. Be clear about your competitive edge
The main purpose of developing a strategic plan is to ensure that you are clear about what goods or services you can provide to customers better than anyone else. This is called finding your competitive edge. Once you find out what your competitive edge is, you will be able to know where you need to focus your resources to make sure that you get the best utility from your efforts. By making your competitive edge an integral part of your organizations mindset, you will be able to attract customers by providing better service and/or product(s).

2. Create a mission statement or a purpose for your business
A mission statement is usually a short statement that captures the purpose of the business. It also serves as a guide or mantra that everyone in the organization can look to for inspiration in their day to day activities. Once you already know what your competitive edge is, it will be easy to come up with a mission statement that can bolster the purpose of your existence as a business.

3. Have a vision for your business
One of the important parts of creating a strategic plan is to have a vision which will serve as a guide for everyone in the organization and offer inspiration on a day to day basis. Your business’ vision is what you hope your business will become in the future. When coming up with a vision for your business, you need to consider the following;

• What is the direction of your business?
• Which clients should you focus on in the market?
• What position in the market do you intend to occupy?
• What activities to do you want to pursue in order to achieve your vision?
• What capabilities, proficiencies and competencies does your business plan to develop?

4. Take inventory

Once you know your competitive edge, have a mission and a vision, your next step should naturally be to take stock of your current position and determine what you need in order to achieve what you have set out to through your business. This is done mainly through the use of a tool called SWOT analysis. SWOT analysis stands for; strength, weaknesses, opportunities and threats. This tool helps you to critically and analytically look at the current status of your business and then plan how you can improve and strengthen what you are good at.

5. Know your customers well
Your next step should be to create a profile on your target market. If you can understand your customer better, you will be able to provide better goods and services that will meet their needs. You will also be able to utilize your resources better in order to reach your customer and inform them that you have what they need.

6. Have SMART goals and objectives
As you create your strategic plan, you need to come up with clear goals and objectives that you can pursue to help you achieve your vision. One tool that is very helpful towards this is SMART, which stands for specific, measurable, attainable, relevant and time bound. If you manage to develop your goals and objectives around this principle, you will be able to achieve your goals with greater efficiency and success because you will always be able to monitor what you are doing. Your goals should be able to support your objectives and therefore, you need to develop your objectives before your goals.

7. Create a to do list with priorities
After you have come up with your goals, it is important to make sure that you are doing something every day to ensure that you achieve your set out goals. The simplest way to do this is to create a to-do list for each goal. As you create your to-do list, make sure that you assign the tasks to specific people, giving proper timelines and resources for them to successfully perform the tasks.

8. What are your resources?
Next, you need to take stock of the resources you currently have. This will help you prioritize and, more efficiently, utilize the resources that you have based on your most urgent goals and objectives.

9. Keep a scorecard of your achievements and failures
By keeping a score card, you can easily and effectively monitor what you have achieved in certain strategic periods, thus adjust or course correct when you are not going in the direction you intended.

10. Communicate your plan with the relevant people
Finally, communicate your strategic plan to the rest of your staff regularly to ensure that everyone is aligned with the organizations direction.

Conclusion
When it comes down to it, you have to realize that a plan should just be a guide to help you keep your goals in focus and actionable on a day to day basis. You may find that while putting into action some of your plans, you will get better ways of doing things by cutting costs or doing things more efficiently. An initial plan will be helpful because you will be able to observe your growth and replicate it. A rough plan is much better than not having a plan at all.

Author Bio
Christopher Huff has been an entrepreneur for the last 25 years of his life. He has had 3 unsuccessful and 4 successful businesses in his career. He recommends the services offered by nationaldebtrelief.com. Visit his website for more information.

8 Points That Could Save a Start-Up from Messing Up

Thursday, February 20th, 2014

This article is built on the experiences of entrepreneurs who had fallen flat on their faces while trying to manage and host their start-up ventures.

We think of a mind-boggling business idea and expect it to spark up as soon as we prepare a proposal. Well, it never works that way. However good or bad an idea is, there are certain steps that need to be followed.

Before putting your idea into a set of plans and procedures on paper, here are a few things that need to be understood.

Business Startup

Business Startup

Is my idea functional?

Before getting caught in the excitement of your brilliant idea, spare a thought: can the idea be put into execution?

The concept needs to be grounded in bigger ideas for you to be able to sell it. Don’t tangle up too many ideas, focus on one at a time, and build different techniques to make them happen.

The objective here is to make sure that your idea can be pinned down to work out for the market.

Scoring funds isn’t easy

Take my word; capital will not come to you effortlessly.

You may have to pitch time and again to win investors to your side. Pitching is extremely significant. The dumbest idea can pass if the pitch is awesome.

Do thorough researches, take your time to prepare each slide to be presented, and propagate how unique your business proposition is.

If you feel it is taking too long to get funds and time is running out, pitch in your investments. It can help your business, and play the credibility factor when pitching to investors at the same time.

Be prepared to touch the highs and lows

The business is not going to flourish as soon as you start. It will take time to accomplish each milestone.

Additionally, it is important for you to be prepared in case the plan doesn’t work. Amend your strategies, be focused and push your organization to reach the targets.

If every move is drawing the results you desired, you can go for that extra mile to make your business better. But don’t be too hard on yourself or your employees.

Hire carefully and appreciate candidly

Only a good team, which believes and backs your idea, can let you take over the market.

Hence, hiring is going to be a challenging job for you. Ideally, your team should have skilled professionals, men and women with industry experience and members who have prior understanding of successfully managing a start-up.

Employees at every level need guidance, assurance and motivation, which are to come from you, the person who leads. A lot of effort is taken to build a start-up, so don’t miss out on appreciating employee efforts.

Work individually, but work more as a team

Needless to say, your team is vital to the success of your business.

The objective of the business can be reached faster and smoother if you are held together as a team. Organizational growth comes through sheer team work, and hence it is important to keep your employees as content as your investors.

Hear out the needs of the employees, provide them with adequate requirements and channelize them to use the limited resources available.

Bring the focus to limelight

With a considerable amount of work being allotted daily, it is easy to get carried away and slip into a whirlpool of confusions and heated exchanges.

It is definitely better to acquaint each team with the other ones, mainly to have them understand where they are heading in the middle of a mission. As a leader, you should take up the responsibility of constantly reminding (of course not nagging) them about the objectives of the business.

Time is precious – start acting!

When you are done with thinking and researching, the next step is to start acting, whichever small way possible.

It takes quite some time to build the brand; the earlier the better. You don’t need to wait for investors to fund in order to start your business. Begin with limited costs and resources.

Build networks and relationships

Bond with everyone – investors, employees, suppliers and stakeholders.

Start-ups usually tend to make mistakes or face hurdles frequently. Be it with resources, technology or monetary issues, it doesn’t matter. Building reliable relationships can actually help your company cope with such setbacks.

Most of these tips might have passed your thoughts, but it’s easy to forget them. To keep it simple, make a journal of everything that you did and things you have to do.

Your start-up can go terribly wrong if you don’t have these pointers on your mind. These are simple steps. Without them, you will end up pushing costs too high and fail to impress.

Author bio:-

Matt Davis a partner at Empire commercial Finance, a firm specializing in business mortgage Chester seeking to serve client of UK with ease.  A company with expert professional commercial finance brokers providing financial support for all start-up business 

Starting a Business on Credit: The Forbidden Financier

Thursday, April 4th, 2013

If you search for entrepreneurship advice online, it won’t take long to find experts shouting to avoid credit cards. They may cite the Ewing Marion Kauffman Foundation, which found that every $1,000 of credit card debt increases the probability that a firm will fail by 2.2%, or financial radio show host Dave Ramsey, who claims credits cards are the scourge of American finance.

They probably won’t mention a pair of Stanford Ph.D. students that spread funding for their pet project across three credit cards or the designer that developed small plastic guitars while paying with small plastic credit cards. Those entrepreneurs went on to create Google and Guitar Hero, respectively, and if those companies’ successes are any indication, using credit cards to fund startups can’t be all bad.

Credit Cards

Experts aren’t foolish enough to advise against credit dependence, but if you use them responsibly, credit cards serve as a valuable tools for growth. Consider these advantages to taking out a credit card for business.

Rewards

Pessimists hear “credit card” and think of compounding interesting rates, late payment penalties and plummeting credit scores. All of these things are potential consequences when owning a credit card, but that’s not the whole story. Rewards are a consumer’s chance to gain from the credit card industry. From airline miles to supply store discounts to cash bonuses, you need not look far to find rewards that offer a significant boost to your bottom line if you make payments on time. Things go south when you get behind on your payments, but credit card rewards add value to your business.

Credit Score

It would be one thing if card cards only served as cash advancements, but using plastic responsibly contributes to an important financial statistic: credit score. According to a post in the American Express OPEN forum by financial consultant Mike Periu, personal credit is a major point of interest for investors and lenders. You’re probably savvy enough to know that financing a business solely on credit isn’t wise, but building credit could open opportunities for outside investors. Lenders expect owners to have a FICO score of at least 700, according to Openforum.com.

Using a card to start a business puts your credit score on the line. Miss a payment, and you’ll see the score drop. Stay current, on the other hand, and your rising score will open opportunities to new investors.

Potential

In the end, financing a small business or startup with a credit card isn’t about rewards or your credit score. It’s about your dream and the chance to create something of value. The experts are right. Credit cards aren’t the best way to finance a business. You don’t always have thousands of dollars saved up, and there aren’t always venture capitalists waiting to write you a check. Credit cards afford you the chance to gamble on yourself.

If you believe in your business idea, don’t ignore credit cards as a possible financing tool. Who knows? You could start the next Google or Guitar Hero.