Kids – Money – Work: How To Have It All

 

While stay-at-home parents already have one of the toughest jobs around, there may be a desire or necessity to earn some money on the side. This can be accomplished by a variety of means, ranging from part-time gigs or freelance jobs in your area of expertise, all the way to launching your own at-home e-commerce business. If you need help brainstorming potential avenues to success, Wealth Ideas is the place to start.

 

Benefits of Work-from-Home Jobs

One of the best benefits of working from home is the flexibility in scheduling this type of role allows. You can typically work at your own pace, set your own hours, and still be able to care for your children. Of course, juggling kids and work presents its own unique challenges! However, exceptional time management skills, paired with setting work/home boundaries and employing the help of a spouse, partner, or child care provider, can create a dynamic in which both work and home blend seamlessly.

 

What Can You Do?

Many work-at-home professionals choose freelance consulting work in line with their areas of interest, former profession, or education. For example, if you’re a hairstylist, you might offer consultation services, like special packages for bridal parties. If you’re an accountant, you may offer bookkeeping or tax preparation services on the side. Perhaps you have a hobby, like baking, sewing, or handyman-type projects you can turn into money-making opportunities. Consider what you enjoy and are skilled at and look for opportunities to build freelance or gig opportunities around your talent.

 

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The Gig Economy

According to Redbook, many stay-at-home parents like the flexibility that comes with working jobs in the gig economy, like driving rideshare, delivering food, or shopping for others. Gig jobs typically allow you to work when you have time available, rather than forcing you to maintain a strict schedule. You’ll be considered an independent contractor in this type of role, so good recordkeeping and accounting practices are important to ensure you can document your income and business-related deductions at tax time.  

 

Building a Business

Many people who launch small at-home freelance or consulting-type operations quickly find themselves gaining so many customers in their demographic that they consider the idea of launching an at-home e-commerce business. According to Entrepreneur, in addition to drawing up a business plan, determining your target market, and creating a website to advertise your services, marketing will also be an essential component of success. Influencer marketing, in particular, is a highly successful way to reach out via experienced professionals who have a following and the trust of a large potential consumer base. You can find these pros in online job platforms and consider reputation, availability, and prices before hiring someone.

 

Making It All Work

If you decide to launch a full-fledged small business from home, establish a website and develop a business and operations plan. This will help you determine everything from what you need to start and launch your business, to handling everyday tasks, managing your time, and ensuring you’re providing high-quality customer service. Set aside designated office space, invest in necessary office equipment, and secure appropriate business licensing and use permits, and you’ll be ready to hit the ground running!

The advent of the gig economy and the proliferation of e-commerce has made it easier than ever before to successfully operate a home-based operation. For your own mental health, make sure you set operating hours when possible so you don’t feel like you’re on the clock 24/7. Running a business and raising kids is a tough combination – be kind to yourself so you don’t get run down or burned out.  

If you’re still looking for inspiration and ideas to get you moving ahead with business planning, visit Wealth Ideas, or reach out via email

 

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