For a woman, running a family and simultaneously managing a business is not an easy job. This requires lot of patience, hard work, and of course a will and a passion to do something in life and be successful. Starting a home-based business for a mom or a housewife requires lot of research and analytical foundation work besides having the inherent skills of making something creative and useful. It’s not an easy job when you have a family to look after and it’s not an instant success too. There are lots of challenges for embarking on an entrepreneurial journey, especially for a woman. But to be successful, women entrepreneurs should keep few guidelines in their mind.
Following are some guidelines offered by experts for a successful home-based business by women
Make a business plan and choose the right business
If you have a thought in your mind about a skill that you possess, then the first thing that you should do is to formulate a business plan. Know your goal, your mission, vision and the purpose of starting your venture and list these down. Choose a business that complements your personal life so that you can manage both in a proper way. Initially, don’t make your business plan a large scale plan but of course you should always dream big and be passionate of achieving big.
Have faith in yourself
In order to achieve something in life, you should first of all believe in yourself, your capability and your will power. If you have faith in yourself and your instincts, then no one can stop you, inspite of all challenges in your path. Focus on your business idea and work towards fulfilling it.
Don’t hesitate to ask for help
It is not possible to know everything while starting something on your on. Take help and support from someone you know or some professional experts who can help start rolling your business.
Start managing time efficiently
You have your business goal. You have your family obligations too to look after and at the same time you have your newly set-up home-based business to look after. One essential requirement is time management to achieve your goal. Work towards achieving your goal by allocating time in a proper way. Prepare a roadmap with effective working systems in place.
Focus on your financial aspects
Draft a rough financial plan. Discuss this with someone who is there to support you, either your friend or your husband. Either you will need loans or you have your savings to start your business. Carry out a proper analysis of the financial options available in front of you. Get in touch with finance lenders who have been supporting women entrepreneurs. Women in Business helps to provide financial support to home-based women entrepreneurs by helping them find the right funding partners from various sources, including various Pradhan Mantri’s Yojanas for self employment.
Focus on networking and social media marketing
Networking is one of the best ways to make your business known to others. Start with your known circle, your relatives, friends and neighbors and colleagues. Connect with like-minded people. Interact with business world. Read, learn and grow. Use social media channels like as Instagram, FaceBook, WhatsApp, Twitter to promote your and market your products and business online to a larger audience. Meeting the right people at the right time would help you to acquire your prospective customers.
These are the basic guidelines to follow make your business a success. Connect with Women in Business for all kinds of help, support, training, mentoring, promoting and marketing your handmade business.