Most Moms think about starting a business from home at one time or another. Maybe the kids have started school, and mom now has a lot of free time. Or perhaps mom was successful in Corporate America before having her first child, and wished to put her skills to good use in a business from home.
Another reason may be that a couple is accustomed to a certain lifestyle with two incomes, and when mom unexpectedly decides to quit her job to stay home and raise the children, the loss of income is uneasy…or even unbearable if the income is truly needed to pay bills.
The purpose of this article is to give you some convincing reasons why moms should start a business from home TODAY!
1) Having a Home Business provides you with a safety net if your spouse loses his job:
Times are different from when the advice was to get a good education, get a good job, work hard for 40 years and let the company take care of you. Retirement is now a joke. There is no such thing as job security anymore. Layoffs and downsizing are customary today. Social Security and Medicaid will not even be around when most of us reach retirement age.
For many families, the loss of the bread winner’s income is overwhelming. Most families simply do not have the 6-12 months of living expenses set aside in savings that financial advisors recommend. Oftentimes it takes a person weeks or even months to find employment that matches the salary they are used to. Unemployment benefit checks are not enough to cover even the bare essentials of life.
Having a Home Business provides the family with a second income. During the period of unemployment, Mom can step up her efforts to build her business and make more money.
2) Having a Home Business provides extra income to help the family meet certain goals:
For instance… getting out of debt. An extra few hundred dollars a month added to the credit card debt load could make a huge difference in how quickly the debts get paid off.
After this is accomplished, the money that was going to credit cards could be applied towards private education for children, savings for college, that special vacation the family has always wanted to take, a newer model car, renovations on the house or give mom her own office in the home. Another awesome goal is that of paying off the mortgage early. By making an additional mortgage payment periodically most couples can shave YEARS off of the life of their mortgage. Few people own their homes outright, but what a liberating feeling that would be!
Statistics also reveal… An extra $300-$500 hundred dollars a month can save a family from bankruptcy.
In today’s world, it’s more important for our children to learn how to “mind their own business”. Children who grow up watching mom work her business learn how to manage time wisely and take responsibility for themselves financially instead of depending on an employer. Your kids will also learn that it is possible to have the best of both worlds…a mom can stay home to raise her children and still earn income.
Most women I have spoken with about the subject agree that it isn’t good for their self esteem to have to ask their husbands for 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 independent financially.
Work from home Moms also tend to stay more connected with their peers, via networking with other business moms, looking for new customers and business partners, and the like. There is a tendency for new Moms to stay in the nest a little too much at first, and this can lead to depression. A business Mom, on the other hand, is invited to talk to people! She has a reason to get up, get dressed in something other than sweats, and go meet people.
While most women adore being Mothers and wouldn’t trade their husbands in anytime soon either, we all want “something more”. Something for ourselves, something we call our own, something we can put our name on and be proud of. Being a mom is the most honorable profession in the world, but it isn’t always recognized as such…and it’s nice to be recognized once in a while.
So many women fall into deep depression when their children leave home. If more Moms worked a Home Business, instead of having their self worth completely tied to Motherhood, maybe this wouldn’t happen so much.
There are plenty of reasons to start a business from home but I hope I’ve given you some food for thought.
Bringing Moms Back Home® is the leading work at home business team for moms. We are a group of diverse moms all over the world working together to create financial freedom and a better quality of life for our families.
For more information about how to work from home CLICK HERE