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A common question I’ve received is how to make extra money from home while working, taking care of your family, and handling everything else that comes with being an adult. Many mothers feel as if I advocate for full-time entrepreneurship and being your own boss, but that isn’t exactly true. I also fully support and encourage part-time entrepreneurship, and for good reason.
First things first, if you are questioning whether or not it’s possible to be a part-time entrepreneur, my answer is YES, it totally is! Here’s why I think part-time entrepreneurship is for EVERY mom, and how you can get started.
It’s For Everyone
I believe that ANYONE can be a full-time entrepreneur, but not EVERYONE. Some moms just don’t have the time, energy, capital, or drive to be a full-time entrepreneur. And that’s okay. However, every mom does have the capability to be a part-time entrepreneur. Every mom deserves the opportunity to bring in extra income, do something she enjoys doing, and have something to call her own.
You Can Fit It Around Your Schedule
Don’t have 40 hours a week to dedicate to working your business? That’s not an issue when you’re a part-time entrepreneur. Every entrepreneur has the opportunity to choose their own hours, but it’s even more important to fit your business around your schedule when you’re working on it after (or even before) your 9-to-5.
Instead of taking on multiple clients, maybe you just have 1 or 2. Instead of having coaching calls at all hours of the week, you can schedule coaching calls in the evenings. Need to watch the kids every night? Work for an hour or two after they go to bed. You can create your business the way you want to, even as a part-time entrepreneur.
It Brings In Extra Money
Who doesn’t love making extra money? Sure, you’re 9-to-5 can pay the bills, but that part-time entrepreneur hustle will add extra money into your savings, help you pay off debt if you have it, and allow you some wiggle room in your budget. It can even help you build a nest egg in case you lose your job, or decide to jump into full-time entrepreneurship. Trust me, it’s a lot easier transitioning into full-time entrepreneurship when you aren’t worrying about putting food on the table.
It Can Include What You Love To Do
Now that I’m a full-time entrepreneur, it can get hard trying to separate work and life. I’m not complaining, but it was nice to write for my blog when I felt like it vs. treating it more like a business. While I have other hobbies too, blogging was one of my favorites. Now that it’s an essential part of my business, I have to treat it as such. I still love writing, but now it has a different purpose.
When you’re a part-time entrepreneur, it’s a lot easier to do what you love, because you aren’t as focused on the money aspect. It’s fun for you, and just so happens to bring in extra income. It’s a wonderful perk of being a part-time entrepreneur. Do what you love, get creative, and get paid. Awesome right?
When you’re a full-time entrepreneur, you have to pay for EVERYTHING. Taxes, health insurance, marketing tools, and more, not to mention your regular living expenses. While I have to admit that I love having the freedom to do as I please, I also have a lot more financial pressure on my shoulders than someone who’s only working on their business part-time.
If you’re a part-time entrepreneur, you don’t have to worry as much about paying everything out of pocket. Most likely, your full-time job will (at least) offer you a few benefits, like cheaper health care. I still recommend looking into tax laws and being aware of how a part-time business will affect you come tax time, but otherwise, your business can bring in pure income.
How To Get Started
So how do you get started as a part-time entrepreneur? Just follow these 4 simple steps.
Decide on what you want to do. What are you good at? What do you like to do? What do people say you do well?
How will you market your new business? Will it be via social media, word-of-mouth, through a blog? Figure out how you’re going to get your name out there.
Keep it legal. Make sure you aren’t breaking any laws with your company, your state, or the government. If you plan on offering services, make sure you use a contract (I have one in my resource library!). Keep all of your paperwork. Just do things the right way, so you don’t regret it later!
Start! After getting your basics in order, dive right in! Nothing will be perfect at first, and you WILL make mistakes. That comes with being an entrepreneur, part-time or full-time. Have fun, don’t sweat the small stuff, and keep hustling. You’ll start making extra income in no time.
Being an entrepreneur is one of the best decisions I could have ever made, and I encourage it for every mother, whether it be a part-time or full-time venture. So what are you waiting for? Go out there and get to work! It will be a wild and crazy ride that you’ll wish you would’ve started sooner.