25% of women are starting a business these days. If you’re a mom who needs to earn some extra income, this is the best time to start a business.
Starting a home business means you can work from the comfort of your home, you can be with your kids, and you can create your own hours and schedule on your time.
While being a stay-at-home momtrepreneur has its benefits, there’s more to #GirlBoss than you think. What does it take to run a stay-at-home business? Here’s everything you need to know.
Managing a Remote Staff
If you’re staying at home and working, there’s a good chance you’re giving your staff the same benefits. But how can you ensure your staff is performing all of the necessary functions of their roles?
First, track their work time.
There are time tracking apps available to ensure they’re working their full shifts and are staying productive. Some of these time tracking tools take screenshots to ensure they’re not using the time to check social media and watch YouTube.
What about communication? There are messaging tools such as Slack that offer open communication with your staff. In addition, many home-based business owners create Facebook groups for better collaboration and communication.
Speaking of collaboration, digital teamwork has never been easier. Cloud programs such as Dropbox and Google drive help share files and collaborate directly on the platforms.
There are also responsibilities on your end. For example, you’ll need to pay your employees. If direct deposit is not an option, you can use PayPal or Venmo to send payments.
For the tax season, you can create tax forms such as W2 forms with a service like ThePayStubs.
Speaking of tax forms…
If your business taxes are easy, you can invest in DIY accounting software that helps you keep track of expenses, your revenue streams, and other essential documents such as a P&L Statement.
Keep in mind, hiring or outsourcing an accountant is always the best option.
Like any business, it’s best to have a financing plan if you don’t have the funds to cover necessary business expenses. You may be limited with your loan choices, so take a look at business credit cards to boost your business credit.
Marketing your business has never been easier. But your marketing duties depend on your business. First, every business should have a website and basic social media pages such as Facebook and LinkedIn.
If most of your clients are local, you should invest in local SEO and other platforms that help you ship products to local clients or meet and schedule appointments in a face-to-face role.
Digital marketing is necessary but very broad; you’ll want to use the techniques that work with your audience.
While many marketing duties are successful when done DIY, there are certain situations where you’ll need a professional. An example includes technical SEO and even print marketing.
Be a Mom Boss With Your Stay-At-Home Business
No matter what type of stay-at-home business you run, you’ll need essential functions such as marketing and hiring a great staff. Use these tips to be a mom boss while at home!
Do you need more advice about mommyhood? Continue reading our blog!