Why Moms Should Start a Home Based Business Today
by Carrie Lauth
Most Moms think about starting a home basedbusiness at one time or another.
Maybe the youngest has started school, and Mom suddenly has a lot of free time.Or perhaps Mom was successful in her career before having her first child, andwished to put her skills to good use in a home based business.
Another reason may be that a couple is accustomed to the lifestyle they canafford with two incomes, and when Mom suddenly decides to quit her job to stayhome and raise the children, the loss of income is uncomfortable...or evenintolerable if the income is sorely needed to pay bills.
My purpose in writing this article is to giveyou some compelling reasons why you
SHOULD start a home based business, and do so TODAY.
1) Having a Home Based Business provides youwith a safety net if your husband loses his job.
We don't live in the days of our Grandparents,where the advice was: Get a good education, get a good job, work hard for 40years and let the company take care of you.
Retirement is almost a joke. There is no such thing as job security anymore.Layoffs and downsizing are commonplace today. Social Security and Medicaid maynot even be around when some of us reach retirement age.
For many families, the loss of the primaryearner's income is devastating. Most families simply do not have the 6-12months of living expenses set aside in savings that financial advisorsrecommend.
Oftentimes it takes a person weeks or even months to find employment thatmatches the salary they are used to. Unemployment benefit checks are not enoughto cover even the bare necessities of life.
Having a Home Based Business provides the familywith a second income. During the period of unemployment, Mom can step up herefforts to build her business and make more money.
Dad might be in a position to help out more, giving her the ability to do thiswith more focus.
Who knows... Dad might even decide to join Mom in her"little business"...especially when she starts earning more than hedoes. Stranger things have happened!
2) Having a Home Based Business provides extraincome to help the family meet certain goals.
For instance... gettingout of debt. An extra few hundred dollars a month added to the creditcard debt load could make a huge difference in how quickly the debts get paidoff.
After this is accomplished, the money that wasgoing to credit cards could be applied towards private education for children,savings for college, that special vacation the family has always wanted totake, a newer model car, renovations on the house so siblings can have morespace (or Mom her own office!).
Another awesome goal is that of paying off the mortage early. By making an additional mortagepayment periodically most couples can shave YEARS off of the life of their mortage. Few people own their homes outright, but what afreeing feeling that would be!
3) Having a Home Based Business modelsentrepreneurship to children
In today's world, it's more important than everfor our kids to learn how to "mind their own business". Children whogrow up watching Mom work her business learn how to manage time wisely, theylearn how to take responsibility for themselves financially (instead of relyingon an employer), and they may learn practical skills especially if Mom letsthem help out or even pays them to help. Current tax laws even allow youngchildren to be paid (and this is a tax deductible expense) for theirservices...check with your accountant.
Young girls will also learn that it IS possibleto have the best of both worlds...a woman can stay home to raise her childrenand still earn income.
4) Having a Home Based Business improvesrelationships
Most women I have spoken with about the subjectagree that it isn't good for their self esteem to have to ask their husbandsfor money. What's bad for a woman's self esteem is bad for the marriage!
Women feel better about themselves when they are at least somewhat independentfinancially.
They also have something besides "what little Johnny did today" totalk about at the dinner table. It keeps the relationship fresh and lively whena couple can discuss their challenges and triumphs in their business and worklives. Anytime you see someone do something they're good at, it causes you tosee them in a new light and have newfound appreciation for them. This is alwaysa good thing in marriage!
Work from home Moms also tend to stay moreconnected with their peers, via networking with other business moms,prospecting for new customers and business partners, and the like. There is atendency for new Moms to stay in the nest a little too much at first, and thiscan lead to depression. A business Mom, on the other hand, is almost forced totalk to people! She has a reason to get up, get dressed in something other thansweats, and go out and meet people. Little Johnny doesn't care if you put onshoes and makeup, but doing so does wonders for your energy and mood.
5) Having a Home Based Business gives a Mom "something else"
While most women adore being Mothers andwouldn't trade their husbands in anytime soon either, we all want"something more".
Something for ourselves, something to call our own,that isn't a title or duty like Wife, Mother...something that isn't undone 5minutes after we do it. Something we can put our name on and be proud of.
Mothering is the most honorable profession inthe world, but it isn't always recognized as such...and it's nice to berecognized once in a while.
My Mother once told me that the main reason shealways had such success in Direct Sales was because she loved therecognition...and the women on her team would often work like madwomen to getsome little trinket. Sometimes it wasn't the cash...it was the pat on the back,the feeling of accomplishment that comes from meeting a goal.
That "something else" also makes thetransition to empty-nest hood easier.
So many women fall into deep depression when their youngest child leaves home.If more Moms had a Home Based Business, instead of having their self worthcompletely tied to Motherhood, maybe this wouldn't happen so much.
There are more reasons to start a Home BasedBusiness, (such as the tax advantages) but I hope I've given you some food forthought.
I wish you the best in your journey towards theideal Home Business for you.
Carrie Lauth is a homebased working Mom of 3.
She enjoys anything involving espresso.
Visit her on the web at:
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