Being a female entrepreneur takes a lot of time, dedication and hard work. Your business becomes your baby as you birth it from idea to launch and beyond. Being a mother is even longer hours and a lifelong commitment to your family. As more and more women start and run successful businesses while having a family, they are often asked; "How the hell do they do it all?!"
We asked 10 Mompreneurs what their “secrets" are, and they openly share their advice, tips, and tricks to juggling their business babies and actual babies.
Let go of control and teach children independence
Actress and Blogger, Elisabeth Rohm, advises to "Instill confidence, positivity, and enthusiasm in the handling of their independence from you. Don't dwell on the goodbyes for too long or create drama around the fact that you're a working mother and definitely don't guilt yourself for working and being a Supermom and super role model!"
“Teaching our son from an early age how to be independent and creating routines and rituals for himself has been a gift. Since the age of 6, he has had his own diary to write his after-school activities in as well as important dates and reminders. We've always instilled in him that preparation is the key. I know he is confident to look after himself without relying on other people." Tina Bangel, Vocal Coach and Founder of One Voice School of Singing
It takes a village
“I have a lot of help around me. I have an incredible team at my restaurant who I am so proud of. They are an incredible bunch who work incredibly hard. At Super Mamas, our sister Elizabeth is our producer and who I delegate a lot to. At home, I have an incredible husband who is a true partner to me in life. So how I do it all? By asking for help, every day." Bricia Lopez, Owner of Guelaguetza Restaurant and Creator of Super Mamas
Failing to plan is planning to fail
Mona Loring, Owner and Partner at Conscious Living PR and Status PR says to "Plan ahead for as much as you can. From planning a week ahead of time to planning out everything I need to get done for the next day, I find that I'm able to get so much more done with a schedule. I will plan the night before for self-care, time with my kids on their homework and extracurricular activities while meal planning and scheduling my business meetings the week before whenever possible."
Fabienne Raphael, Online Business Consultant, Speaker and Podcaster, advises to “Prioritize and accept that some aspects have to get all my attention and some others will be neglected temporarily. It is also a great reminder to recognize which areas to delegate."
The early bird catches the worm.
Allison Carter, Creator of Confetti Party Plans and Host of the Memories in Moments Podcast, gets up an hour earlier before her kids. “Waking up an hour earlier than my kids has been the biggest game-changer for my productivity. It allows me to start my day with intention, rather than immediately being on the defense with kids, needs, and the breakfast hustle. During that time, I plan my day, look at what needs to get accomplished, get social media posts finalized and ready to post, read a business book, work on my podcast, really anything! The sky is the limit in that uninterrupted, quiet hour, and it has quickly become my favorite hour of the day!"
“I've found that when I get up about an hour earlier than the kids (and spouse!), I can plan my day, workout, meditate and really set an intention for how I want the day to go. This morning routine helps me stay focused on my daily goals. When I don't get up earlier than the kids, I am way more irritable and unfocused. It completely changes my attitude and the direction of my whole day." says Renata Rebing, Healthy Food Blogger
Intention is the name of the game
Sitinee Sheffert is a mom of 5, TEDx speaker and the Founder of Giving Artfully. She says her #1 tip for mom entrepreneurs is to “Be intentional with your time and actions. As a mom, when you are with your kids, be intentional with your time with them. Don't be distracted worrying about work. Our kids will grow up so fast before our eyes, we don't want to miss this precious time because we were too distracted. As an entrepreneur, be intentional about your action steps. We are so limited by time that we must focus only on steps that will further our business."
Saying “No" to getting it all done
“For many of us moms, there's a natural impulse to do everything for everyone. The idea that being a super mom means sacrifice isn't necessarily true. One of the best things you can say to free up time and brain-space is saying no when something is out of alignment." says Kenya Moses, Founder of Be A Fit Mama, Inc., Author and Speaker.
Andi Forness, an online dating coach, says “My #1 tip raising my 2 sons as a single mom while I started and now run a successful online business, and dating, was to realize early that I was not Super Mom. The reward for not being Super Mom is that I get time for self-care and fun and my sons are growing up to be responsible little men."
While building and running a business plus making sure your family is in order are all very important, don't forget to take care of yourselves. The last piece of unanimous advice from all of these incredible women is that
"You can't get it all done and that is perfectly fine. You are still a Super Mom."
It isn't always easy to stay on top of your finances, especially when you have developed unhealthy spending habits over the years. However, as you begin to realize the many benefits of having healthy finances, it can become something you want to make a conscious effort to improve. When your finances are in a good place, you often have access to better opportunities whether it be a mortgage loan, greater credit line or business loan. On that note, here is how you can become an expert at managing your finances in case you need a few tips.
Learn to Use Technology
The good thing about managing finances in the technological age is that you don't have to do it alone. There are so many apps available that will help you pay bills on time and track your expenses. For instance, some apps force you to live within your actual income and tell you what to do when you need to balance your budget.
If you need an app that will help you get better at saving, then some will set aside your spare change for you. Also, don't be afraid to use more simple tools such as your smartphone calendar to set reminders about payments if you don't automate them.
Seek Legal Advice
Sometimes, being an expert at something means understanding that you can't possibly know it all. This is why you have professionals around you that can help fill in the gaps where you're lacking. Consider hiring a legal firm to help with any challenges that are beyond you. Lexington Law is a good firm as they could help remove negative items from your credit report. Read this Lexington Law Review (Our #1 Credit Repair Service of 2019) to find out more about how they could help improve your finances.
You can't do better than what you know when it comes to managing finances. You should, therefore, invest your time in learning more about finances and how to manage them. Think about what your goals for your finances are and what knowledge gaps you need to fill.
For example, if you want to invest in the stock market so that you can improve your net worth, then you may need to learn more about investing to do so successfully. To boost your knowledge, try reading articles on credible blogs that share finance information from professionals. Also, be weary of content from finance-driven companies as it could be biased.
Work on Growing Your Income
As a self-proclaimed finance guru, you know that the more sources of income that you have, the better. Work on increasing your streams of income so that you have more money to meet your targets whether it's to save for a property or put larger sums towards retirement. One way to do so would be by getting extra income by doing social media marketing for businesses or creating tutorials on YouTube. If you own a property, renting out rooms is a great way to make passive income.
Live Within Your Means
It can be difficult to live within your means when you live in a society that is always presenting you with things to buy. However, being more conscious about the things that you purchase could help you realize that most are wants rather than needs. To live within your means, always take time to think about a purchase as opposed to impulse spending. You should always get good at bargain hunting as many times you can find items of similar quality at a cheaper price.
Learn How to Manage Debt
Debt doesn't have to be a bad thing if you understand how it works and how to manage it. It can be a tool for credit building when you understand the fundamentals. For instance, if you take out a loan or credit card, always be mindful of your interest rates.
By paying the amount of money you borrowed back in full before the due date, you won't have to pay interest on what you borrowed. If you can't pay back in full, paying more than the minimum payment will ensure you incur less interest. For the most part, the secret to good debt management is never spending more than you can afford to pay back.
Managing finances is a life skill that can help improve your quality of life. By following the mentioned tips and taking your finances more seriously, you're more likely to master the art of healthy finances.