Are you considering leaving your 9-5 to become a Mompreneur? Starting your own business from home can be an exciting and rewarding opportunity. But it’s important to consider several factors before taking the leap. Here are 8 things to keep in mind when considering this transition:
- Assess Your Finances
- Determine Your Why
- Evaluate Your Skills and Experience
- Research Your Market
- Create a Plan
- Build a Support System
- Plan for Self-Care
- Take Action
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Table of Contents
Assess Your Finances
As you know, before making any major life changes it’s always important to assess your current financial situation. But if you’re going from a corporate job to stay at home mom while also starting an online business, it become crucial to assess your finances. You should also prepare for potential income fluctuations, as it may take some time to establish a stable income stream with your new business.
A good rule of thumb is to start with at least six months of expenses. Which is why I recommend no less than 12 months. If six months is good to have saved for the “what ifs” in life. Then at least 12 months is necessary when starting a business. Some of that will be used to start your business. And some will be used for regular life expenses.
And the absolute best option? Make sure you can live off of your spouses income, so your potential income with your new business is just an added bonus. Ideally, you don’t want your “new income” to be necessary to simply live off of. It should be more for extras.
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Determine Your Why
It’s essential to identify your reasons for wanting to leave your 9-5 job and become a stay at home mompreneur. Define your personal and professional goals and consider the impact of your decision on your family. Having a clear understanding of your “why” will help keep you motivated and focused during the transition from corporate working mom to stay at home business owner mom.
Evaluate Your Skills and Experience
Take stock of your current skill set and experience, and determine how they can translate to your new business venture. What are you knowledgeable about and also very passionate about. Where do those two areas overlap? That’s where you’ll be most successful. Identify areas where you may need additional training or education and plan to acquire them as necessary.
Related Article: How to Financially Be a Stay at Home Mom
Research Your Market
Identify your target audience and research the demand for your product or service. Analyze the competition and determine the viability of your business idea. A thorough market research can help you understand the potential of your business idea and help you plan for a successful launch.
And once you understand your audience, you’ll know exactly what to create. No more guessing. And no more wasting time creating content that doesn’t work.
Check out the Market Research Guide & Workbook to learn more. Like where to find more about your audience. What types of information you’re looking for. And keep track of everything in one convenient spot.
Related Article: The Buyers Journey: How to Create Content That Guides Your Audience to Purchase
Create a Plan
Developing a business plan is crucial to your success as a mompreneur. Before you leave your 9-5, outline your short-term and long-term goals and establish a timeline for your business launch. Additionally, create a marketing strategy to help you reach your target audience.
When you’re creating your marketing plan and deciding what content to create and post for your new online business, use my free 6-step Content Strategy Framework that’s as easy as ABC.
It’ll guide you through each step of the content creation process from start to finish. You’ll have purpose-driven that produces results online.
Related Article: Creating an Effective Content Repurposing Workflow
Build a Support System
Starting a business can be overwhelming, so it’s essential to build a support system. Identify sources of emotional support, build a network of mentors and peers, hire a coach or join a mastermind group, and enlist the help of family and friends. A strong support system can help you stay motivated and provide guidance when needed.
Plan for Self-Care
Starting a business while being a stay-at-home mom can be challenging, so it’s essential to prioritize self-care. Make time for activities that help you relax and recharge, establish boundaries between work and personal life, and develop a routine to maintain work-life balance. Check out these Mompreneur: Work from home gift ideas.
Take Action
If leaving your 9-5 is your ultimate goal, you’ll need to take action. Transitioning to online entrepreneurship requires careful planning, hard work, and dedication. But with the right mindset and strategy, you can achieve your goals and create the life you want for yourself and your family. So take action, put in the work, and stay focused on your goals.
It’ll take quite a bit of work. It isn’t like most influencers on Instagram where they act like it all happened overnight. And it doesn’t happen without hard work.
What to Consider Before Leaving Your 9-5
Leaving your 9-5 and transitioning to online entrepreneurship as a stay-at-home mom requires careful planning and preparation. But by assessing your finances, determining your “why,” and evaluating your skills and experience, you can achieve your goals. Researching your market, creating a plan, and building a support system are also important. Prioritizing self-care and taking action will help you create the life you want.
Remember, starting and growing an online business is a process. It doesn’t happen overnight. So don’t put so much emphasis on reaching the finish line, but think of it like a hike with a lot of fun things to see and do along the way. You aren’t trying to rush to the finish line. The joy comes from the hike itself.
So every time you start to feel stressed and rushed, try to stop and look around at the beautiful scenery. Because all the little changes you’re making to your business are adding up. When you look at the full picture (or how far you are away from the finish line) it’ll seem daunting. So remember to look at how far you’ve come. And how rewarding each little step really is.
Are you ready to leave your 9-5?
Swipe my 11 Must-do Things Before You Quit guide before leaving your 9-5. Make your transition from corporate mom to stay at home working mom much easier. Skip the surprises and the set backs, and get started with a smooth and lucrative transition. Download your free guide now.
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