Posts Tagged ‘Entrepreneurship’

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

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.

5 Ways to Compete in a Crowded Field

Friday, March 1st, 2013

Be noticed, stay nimble, and get customers.

If you want to start your own business in a field with a lot of contenders, or you’re the company that has had competition crop up around them like weeds, take note. Here are some great ways to keep your company agile in a changing market place, and get above the crowd to get noticed.

1. Focus on End User Experience

In January of 2007, nobody had heard of an iPhone; but 6 months later, nobody hadn’t. Apple didn’t release the first cell phone, or the first smart phone, or even the first touch screen; and they certainly didn’t invent apps. Virtually nothing about the iPhone was unique except that the company obviously cared about the users of the phone. They tailored an experience that was all about the user: they made it pretty, fool-proof, and backed it up with customer care that worked.

2. Be Something

You should be cheaper, closer, cleaner, and smarter than your competitors, but those things don’t make you’re company truly unique. Your company needs to be something. Many companies are becoming more charitable, doing things like donating a pair of shoes to the needy for every pair bought, or donating a portion of every purchased meal to a particular charity. Your company can organize events, clean-up days; encourage your employees to give back to the community, and in turn your company will get noticed and be known for something.

3. Don’t Outsource Too Much

For a small company it’s easy to spread yourself too thin. There are some things you should definitely outsource (like legal matters), but you should keep as much as you can as close to you as possible. Invest in tax and accounting software that will help you keep accounting resources in the office. If your company uses graphics heavily for advertising or for your actual business, invest in Adobe’s cloud suite to save time and money in completing jobs. The more you can keep in-house, the quicker you will be able to shift and adapt to the changing needs of customers, the volatility of the market, and the evolving techniques of the competition.

4. Be Socially Aware

Your company has an online presence, whether you manage it or not. Services like Yelp, Google Places, and CitySearch allow users to search and leave reviews for businesses, tipping off other customers of perks and drawbacks of the company. You need to be active in creating a positive social presence for yourself. Respond to reviewers, both negative and positive, personally—and with as much warmth and humor as you can manage. Create a Twitter account and a Facebook page to spread the news on promotions and deals and company activity.

5. Don’t Bash the Competition

As you start your business or as others around you begin theirs in your field, two things will happen. Companies will criticize you, and customers will as well. You should respond to criticism and try to address issues that your customers have, but you should never bash the competition; bringing their name into the discussion is nothing but free advertising. If you have to respond specifically about a competitor, address the issue as positively as possible.

Tara Wagner is a staff writer for TechBreach. She has worked from home for over a decade, and loves sharing news and advice with fellow telecommuting moms and dads. She’s fascinated by new tech and new ideas; and when she finds time to unplug, she enjoys long hikes in the mountains near her home. She lives in Denver.

Who’s the Boss? Starting Your Own Business

Thursday, November 15th, 2012

Take a second and close your eyes. Think about your dream job. What do you see? Are you a restaurant owner or the owner of a ballet studio? Are you painting in your own studio or running your own daycare?

Before you run and quit your day job, think about what it takes to start your own company. Don’t put in your two weeks quite yet — many entrepreneurs use evenings and weekends as a start to pursue the business dreams.

According to an article by MSN, the baby boomer generation entrepreneurs — boomerpreneurship — is becoming a more notable trend. With many members of the boomer generation getting ready to hit retirement, there’s a growing number of retirees using this time to start their own businesses.

Before you race out to start your own company, here’s what you need to know:

First Thing’s First, Consider the Financial Implications

Can you afford to start a new venture? Look at your finances and figure out what you can tackle. Don’t expect to go out and open up 20 boutiques all over the United States. Start small and open up a new company you can be proud of and that you can handle. Make a to-do list and plan out the first year of your business. Plan to have at least the amount of money you would need to buy property and keep the business going for at least six months.

Do Your Homework

I’m sure you’ve built relationships over the years, so take advantage your resources and business networks to learn what you need to know to set up your venture. According to MSN, you should gather relevant industry insight and look into the potential tax implications of the new startup business.

Never Use a Personal Credit Card

Using a personal credit card to start your business is not a great idea. If you aren’t careful, you could be setting yourself up for financial downfall, leaving you with mounds and mounds of debt. According to a recent study from the Ewing Marion Kauffman Foundation, almost 60 percent of startups rely on credit cards for financing during the first year of business. The smart way to go is to apply for a business credit card from American Express or another leading business credit card provider specifically designed to accommodate the operational needs of small businesses. Small business credit cards make it easy to separate your business and personal expenses, which will make things much easier for your accountant during tax season.

Do the Pros Outweigh the Cons?

Yes, becoming your own boss promises flexibility and can seem like the perfect dream job, but most likely, you will be working double the hours you used to all while decreasing your income. Don’t open a business expecting it to become lucrative right away, because it will take a few years at least to start seeing positive cash flow. But once you start getting money, enjoy the benefits!

7 Tips For Becoming More Productive As An Entrepreneur

Friday, February 13th, 2009

How often have you felt sad as an entrepreneur when you review your accomplishment in a day? How often do you feel guilty and tell yourself that you ought to have done better or accomplish more in your business venture or personal life? Well, instead of feeling guilty or sad, here are some tips that will help you get your acts together and become more productive in your business and personal life.

Plan Your Day, Have A To-Do-List

If you are really determined to become more productive as an entrepreneur, then the very first step is determining what you want to achieve. You must have specific business goals or objectives which when accomplished will give you that satisfaction that you have been productive. Once you determine your business goals, write them down. Then the next step is (more…)