Once you have kids everything changes, we can probably agree on this.
Depending on where you live and what kind of job you work determines how long your maternity leave is and how much you earn while off with your little one. But if your like most moms you want more time and freedom so you can spend more time with your kids and family as a whole. It's really hard to return to work and leave your baby in the care of someone else.
The main problem with wanting to stay home with your kid is that you have typically grown attached to the cash flow from two people working, probably based your mortgage on it too. Or if you’re on your own, you need every dollar coming in order to pay your bills.
I explored the options after my first child and just couldn't see how I could possibly stay home with him and pay all of our bills. But after my second child I finally tapped into how it can be done and I've learned a lot about Entrepreneurship in the last 2 years.
Let’s face it, time has become the ultimate luxury in life. If only we had time to spend and didn’t need to work 40+ hours per week in order make enough to be able to sustain our lives.
So this leads me to why I'm going to be running a Mompreneur Academy! This is a group where I will share with you my tips for how to become a Mompreneur, what to look for in a company and how to get started.
And before I start this group I need to let you in on a little secret.
No one working a 9-5 ever became rich from it!
Sure you can win the lottery, but if you’re working in your average 9-5 then you’re effectively trading your time for money, and that doesn’t scale. This means that while your hourly rate can go up a bit, you won’t ever get more time and there is always a cap on how much your hourly rate can be.
So trading your time for money is a really bad idea if you want to get more time to spend with your family.
Most entrepreneurs are looking to build the biggest and baddest business out there. But as someone whose goal is ultimately having more time for themselves and their family, you don’t need to build the next Facebook, Walmart or Amazon.
This is effectively called a “Lifestyle Business”. A Lifestyle Business is a business that supports your desired lifestyle.
So if trading time for money is a bad strategy, what would a better one be?
You pretty much got two options:
- Sell someone else’s time, or
- Sell products
Selling other people’s time is really about having employees. Now they can be hired as freelancers, but they are still employees.
My advice would be to go the product route. With an online business model where you as the retailer do not keep your own stock but instead have the manufacturer or whole-seller ship the goods directly to your customers.
This means that you don’t have to invest in (and take the risk of buying) your own stock. Now there are a few things to look for when getting a good product to dropship....And in this 5 day group I'm going to give you some tips on what to look for and how to grow your own business from home.
Are you ready????