2 Important Factors for Mompreneurs

I personally find that to be a Mompreneur, we need to have two important factors, that’s are:

1. Business Partners
2. A Mentor

Business Partner
Working alone normally a tired job for all and especially work-at-home moms who need to juggle the family and the business. It’s always good to find a partner and form partnerships to start a home based business. When working with another work-at-home or stay-at-home moms, you both could share your visions, ideas, goals and work habits.

Some advantages of partnership:

• When You can’t handle everything yourself and it’s good to have someone else to rely on and to ease the isolation.
• You and your partner could help each other when your skills are different. For example, you are very good in website design but have no clue on how to do marketing, you could partner with another mom who knows internet marketing.
• You have another person to cover your work if you need to take a few days off. Work at home moms don’t mean that we need to work 365 days without any rest day. We need to have our rest day or vacations with the business at on-going basis.

Advice when form a partnership:

• Don’t partner with someone you don’t know.
• Always consider whether your partner share same interests and dislikes. – How’s the personal styles and skill levels of your partner.
• You have strong relationship and familiar with your partner’s work habit.

It’s important to be cautious when entering a partnership. Good partnership could grow your business or it could ruin your business if the partnership breakups.

It’s also a good idea to legalize the partnership before you begin the business. Normally you need a contract that clearly stated some important statements like what the profit split is (usually 50-50), who controls what portions of the business and also who get what in the event of dissolution of the business. Keep the physical copy of the final, signed contract.

A mentor
Modeling is the best and fastest way to learn business success. Finding a mentor and learn directly from him/her can be an advantage to your business in many ways.
It’s important to understand that a mentor is not a partner and he has no stake in your business. He may have the desire to help you succeed and therefore it’s important to respect and value your mentor.
You can always get mentors from the industry that you have chosen to start your business in and contact them whether they would consider mentoring.
I always appreciate my mentor, who believes in “by sharing and giving, I will gain more”. He encouraged and inspired me that all goals are possible and spending valuable time assisting me in my pursuits.

I hope that you have these two factors – Partner and Mentor too and it’s really a secret and shortcut for your way towards Mompreneur.