*These were extracted from my interview with Asian Money Guide. You can read the full interview here.
It is hard work! It doesn’t mean we are working fewer hours.
In fact, as business owners, we work longer hours than being employed, but we get to have lunch with our kids and attend to them when they are sick. We compensate by working late into the night.
More and more moms are starting businesses for themselves to have the flexibility of time. You get to build something that is yours. You get to determine how much work you should take on or how big you want to grow your business.
However, time management shouldn’t be taken lightly. Mompreneurship is not necessarily easy. There are a lot of things you need to juggle when you own a business.
Decide how much time you are allocating for sales, marketing, product development and of course, your family.
At first, I found that my friends always came to me for advice on planning for a baby because I was one of the first to have children in my circle.
Through my own experience, I always knew what advice to give them. The advice-seekers soon grew in numbers and I realised that there was an opportunity to gain financially through my services.
I looked into the baby planning business and I found out that it had taken off overseas. It is something people do as a career. Hence, the baby planning business became a natural progression from my blog.
Transitioning into a business wasn’t all smooth sailing as there were several skills I lacked in. For instance, I didn’t know how to prepare a The Profit & Loss (P&L) statement or use HTML.
You know what?
I learned it. I built my multiple 6 figure business with a laptop and internet connection from home. If I can do it, anyone can do it.
The amazing thing is that there are now a lot of tools that you can use online.
And if you really hate learning about a subject, you can always outsource it.
Lately all we hear is how we need to turn our “passion” into a career. That in itself is a problem for a lot of people. They don't know what their one big passion is and so, they never got started.
The reality is - we grow and evolve as human beings and don’t have the same passion throughout our lives.
That notion that we need a passion to start a business makes us feel that if we don’t have this one thing we love doing, we won’t be able to find a business idea that excites us.
This is true. I struggled with the word passion for a long time. Because everybody says you need to do something you are passionate about.
However, time cultivates passion. If you do something long enough, you become good and it could become your passion. It doesn't have to be something that comes from inside of you.
Instead of finding your passion, find your purpose. To me, finding my purpose came naturally once I became a mother. This might also be an advantage mompreneurs have over entrepreneurs in general.
It is a fact that motherhood changes us in many, many ways. For some, motherhood might even make their purpose in life clearer.
When I became a mom, I had a feeling that I was meant to be one. It became my purpose and what motivated me to start The Chill Mom.
When I started this blog, I had this objective to educate and share my experiences and that hopefully these experiences will help others.
Think about what your message and value to the world are before starting a business.
Knowing your purpose is important to keep you committed in your own business and also to communicate what you are all about to your customers. It will give you more clarity in understanding why you work so hard.
I would like to think that I am setting a good example for my children. The next generation of children, both boys and girls can see that women can achieve anything they put their mind into, along with being a mom.
Part of being a mother is embracing the changes motherhood brings and not losing yourself in the process.
In my case, motherhood pushed me to do something I really love. Time is precious and part of my purpose is leaving a legacy for the kids.
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Hi, I'm Michelle Hon, the founder of MomBoss Academy.
I've discovered that building a $1,000,000 business is possible without taking investments and hustling all day long. I'm living proof that it can be done, and I want to help more moms achieve that for themselves and their families.
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