Jump to Main Content
USA flagAn Official Website of the United States Government
Archive

Blogs.Archive

Register

Balancing Entrepreneurship and Parenting: How to Become a Successful Mompreneur or Dadpreneur

Comment Count:
5

Comments welcome on this page. See Rules of Conduct.

Balancing Entrepreneurship and Parenting: How to Become a Successful Mompreneur or Dadpreneur

By Caron_Beesley, Contributor
Published: December 30, 2010 Updated: June 17, 2011

Are you a parent with entrepreneurial aspirations? Then you may just be the next Mompreneur or Dadpreneur!

Contrary to what many might suppose, parents make great entrepreneurs, since many of the skills learned and applied as a parent are equally applicable to a successful business career. For example, both parents and business owners need to be goal-oriented, good planners, super organized, focused on the finances, team builders and fiercely tenacious, to name just a few!

So how do you channel all these skills into entrepreneurship? Here are some tips and ideas for finding and starting the business of your dreams while managing the conflicting demands of your new life.

Finding the Right Type of Business for You

When we think of small business we often think of main street stores and family-owned businesses. However, the economy and other modern pressures have created a new breed of entrepreneur centered on the home. Home-based businesses offer a vast array of opportunities for parent-entrepreneurs who need the cost efficiencies and flexibility that a home office brings.

From home-based franchise opportunities (now one of the most popular sectors of the franchise industry), to in-home childcare and food production businesses, the choices are endless.

Alternatively, if you are looking to go into business without too much overhead or financial investment, then freelancing your skills is a great way to go. Freelancing also gives you a great deal of flexibility to work the hours you want.

The following articles and resources can help you assess which type of business is right for you:

What's Your Business Idea?

If you've got the entrepreneurial itch but don't know how to scratch it, it may be because you can't settle on the right business idea. For example, what floated your boat last week might not this week. Or, perhaps, someone turned you off your original idea based on their experiences or market insight.

Whatever is keeping you from pursuing your idea, read these 6 Tips for Finding a Business Idea and Turning it into an Entrepreneurial Reality for help in identifying a business idea that both floats your boat and fits with your core competencies and goals.

Starting your Business

Once you have an idea and a business plan in place (read this article for  tips on simplifying the planning process), you'll need to follow a deliberate series of steps to ensure you start and operate your new business venture in accordance with business law.

This might appear obvious but entrepreneurs often overlook or aren't aware of the legal and regulatory requirements that go along with being a business owner.

To help guide you through the process, Busines.gov lists 10 Steps to Starting a Business which walk you through the process of registering your business with the government, and provide advice on zoning laws and the types of licenses or permits you may need based on your business type and location. You can also read more about the start-up process in Business.gov's Start a Business Guide.

What about Child Care?

If you need a helping hand to manage the kids while you are at meetings or facing an unexpected deadline, finding flexible child care arrangements can be tough. There is however, an IRS tax credit for childcare expenses if you pay someone to care for your dependent who is under age 13. The credit can be up to 35% of your expenses. To qualify, you must pay these expenses so you can work or look for work.

Managing Work/Life Balance

So you made it -- you're a business owner. Being your own boss is great and that old Monday morning feeling is a thing of the past! But all of a sudden you have a whole new set of demands - balancing kids, family, and your business (sometimes all under the same roof).

But how is your business working out for you on a personal level? Are you wasting time on the micro-tasks and ignoring the big picture? Is your family seeing more or less of you? Are you feeling isolated now that you've gone it alone? What about child care?

These articles offer quick tips and ideas for helping mompreneurs and dadpreneurs manage the new demands of business ownership within the context of family life.

Are you a mompreneur or dadpreneur? How did you get started and manage the highs and lows of being a parent and an entrepreneur?

Additional Resources

About the Author:

Caron Beesley

Contributor

Caron Beesley is a small business owner, a writer, and marketing communications consultant. Caron works with the SBA.gov team to promote essential government resources that help entrepreneurs and small business owners start-up, grow and succeed. Follow Caron on Twitter: @caronbeesley

Comments:

Always good to read what this site has to offer!
Thank you for such simple for understanding advice
Balancing work and family is not an easy task, but is a must. Asking family or getting an extra help is the best options for us as a Mom/Dad entrepreneur. And why not taking sometimes for us too, going to the movie, any event that do not involve work make us feel better and give us more strength to keep up with our daily life. Yuliana Manzueta The marketplace for Small Businesses.   This post was edited to remove a link. Please review our Community Best Practices for more information about how best to participate in our online discussions. Thank you.
Thank you for this post. I think that every parent struggles with work/life balance, and at times sleep deprivation. Planning definetly helps, but when you have a child or children, plans change often. At this point, I just keep thinking 'thank goodness for my crock pot and a child that still enjoys naps.'
Thanks for the advice. I have 2 children and work self employed while they are at school. My Dad helps me out alot, I don't know what I would do without him. The hardest thing we are finding is that we are growing very quickly so my hours are going over from school hours into my personal time so I don't get to see them that often :( I'm currently looking into employing people to takle of some of the burden

Leave a Comment

You must be logged in to leave comments. If you already have an SBA.gov account, Log In to leave your comment.

New users, Register for a new account and join the conversation today!