When Starting a New Business with a Baby on the Way
As a new parent and business owner, you may feel like your hands are full. Even with one of these challenges, it may feel like a full plate. However, you can raise a baby and start a business. BibEasy encourages you to ask yourself the right questions first
1. Do You Have a Time Management Plan?
When it comes to your work-life balance, you need to have a time management plan. One of the biggest hurdles in owning a business and raising kids is making the most of your time throughout the day. Time management starts with setting up your goals. Prioritize important tasks and determine which things you can put off.
While some parents think they will have an easier time balancing time with the baby and work because they work from home, this is not always the case. Instead, you may find yourself struggling without the proper boundaries in place. If necessary, consider hiring a nanny even when you are at home.
Creating a schedule for your baby may sometimes feel like a lost cause. You cannot always control when your baby likes to sleep or eat. However, you can work on a routine. Do not force your child onto a schedule in the first four months. Instead, learn their habits and plan your work routine around the baby.
2. Is Your Business Plan Complete?
Make sure you finish your business plan if you want your business to run smoothly when you welcome the baby home. Think of the business plan as your company’s blueprint. Write a clear mission, how you plan to receive funding, and analyse the market you want to enter. If you believe wholeheartedly in your idea and have a business plan, structure, and product or service, you may be ready to start the company.
3. Are You Set Up for Prompt Payments?
Every little detail counts when it comes to keeping your business running smoothly. And one important detail is making sure you have a reliable invoicing system in place. An invoicing system helps you track payments and bills. This information is essential for managing your cash flow and keeping your business solvent. Choose invoicing software that lightens your load by automating some of the billing process, and look for a platform that offers real-time alerts so you know when you’ve received payment. Many software options come with other features like expense and mileage tracking, tax organization and progress invoicing.
4. What Is Your Baby Strategy?
All parents need a strategy when bringing home their new baby. One of the priorities for all new parents is safety. Babyproof before you bring your son or daughter home. Make sure your nursery is safe for the baby. According to the experts, there are various ways to ensure you put your baby to sleep safely. All of your baby’s furniture needs to meet government safety standards.
If you work a lot throughout the day, you may consider having your baby in the office. Find ways to create a shared office and nursery space. For example, you may choose to have a crib on the other side of your home office, with shelving that holds essential work-related items and baby toys or supplies. Create decor that merges the themes of the room. Instead of keeping your baby in the room with you, you may want a baby monitor at your desk to keep an eye on your child while he or she sleeps in the other room.
You’ve Got This!
Starting a business can feel overwhelming when you have a baby on the way. However, you can still juggle family life and business when you have a strategy in mind.
This article was written for BibEasy Bibs by Janice Russell from ParentingDisasters.com