Challenges Facing Working Mums

Some women have the ability to maintain a busy career in addition to a bustling family and appear to do it beautifully.  I certainly admire them for their discipline and dedication. I am certain that even for these women, that it is a major challenge balancing this strenuous lifestyle.

For other women, this dual responsibility is a formula for exhaustion, frustration and a never ending battle for survival.  The struggle to prioritise their time between the abundance of accountabilities to their children, family, employer or business can be overwhelming.

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6 Tips for Mums Who Run Their Own Business

It is a very appealing option to many mothers. Imagine being able to work for yourself so that you can incorporate all the flexibility you need into your working day. There may be an option to work from home so you have no commute times and to reduce child care fees. It often seems like the closest we will get to work-life balance.

There is of course another side to running your own business. The difficult side which can be riddled with problems.
Here are some tips for mums who currently run or who are looking to run their own business.

1. Being the business owner means that you are never off duty. There is a huge temptation to work day and night and to grab those extra spare moments at weekends when you can. After all, what you are building here is for you and your family. If this works out the way you want to then the hours will be worth it.

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6 Time Management tips busy parents can teach their kids: Claim Your Time Back

Being business mums we have to juggle many things and are always multitasking and yet feel 24 hours a day is not enough time to get things done. ‘Time’ being a precious resource for me, learning time management became eminent in last quarter of 2014. I completed Eric Lofholm’s Time Management Mastery Program in December 2014 and will be sharing some tips from this program in this blog post.

To my astonishment I learnt time management was nothing to do with multitasking or having a strong memory, but was tied to simple fact of managing expectations. At this point I also realised that there was so much unlearning to do, as time crisis was direct result of all the wrong habits being cultivated since childhood.

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Mums in Business: Fastest Growing Sector But It’s a Lonely World

With a continued rise in childcare costs and increased pressure on the family unit, an ever growing number of mums are ditching the stresses of a 9-5 job and starting their own business.

In Australia, women own 585,000 of the 1.9 million small businesses making it the fastest growing sector in the Australian economy. More than 45% of women run their businesses from home (a 20% increase in the last five years).

Owning and running their own business gives mums the flexibility to be there for the kids, as well as have more independence, focus and drive. However, running a business also comes with its own unique challenges including loneliness, isolation and potentially, depression.

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The Real Reasons Behind Your Time Management Problems

Being a parent and having to run a business, we often have to juggle various priorities and it seems like there is never enough time in the day to “get it all done.”

We are committed to growing our businesses, yet we feel so overwhelmed by everything that needs our attention that we ended up running around like a chicken with its head cut off, and still come up short.

I often hear people complain social media being a time suck. They can’t fit in the time to write a newsletter. They don’t have a minute to reflect on their own growth. They are struggling to get even 6 hours of sleep in. Yoga… what yoga?

They wish they could get the unfair advantage of having a 28-hour day.

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Management Tips for Mumpreneurs

The word Mumpreneur is a bit of a buzz word at the moment but like all cliches and buzzwords, it has gained traction because it’s real. Mumpreneurs are a tremendous growth sector in Australia and overseas and according to the ABS, women are three times more likely than men to have the confidence to start their own business. And the Huggies MumInspired Research Report revealed that some 70 per cent of Australian mothers have thought about starting a business after having kids. Lets face it – once you’ve had a baby you feel like Wonderwoman – you can do anything!

For many women, the idea of going back to full time corporate roles after having children isn’t terribly appealing, once the cost of childcare and travel expenses and the time away from home is calculated, but they have the skills and energy and passion that can be channelled into their own ventures. As well as giving you time to care for your family, being a Mumpreneur offers a huge raft of other advantages over a salaried role.

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3 Ways To Get Honest Feedback Before You Launch Your Product

Starting a business is exciting. It’s fun to brainstorm your concept, design your product, build your website, and talk about the difference you are going to make in the world.

But how do you know if your business idea will work? And how can you be sure that people will actually buy your product?

Believe it or not…

Aside from consulting friends and family, most people seek very little customer feedback before launching their product. Sounds crazy, but it’s true. (I’m guilty of it myself!)

Caught up in the thrill of the ride, most people don’t talk to customers until after they have spent thousands of dollars on developing their ideal product and/or website. Which means that by the time they launch their product, they’re too far down the road to pivot, turn around or start again.

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I own a business, should I incorporate?

People are moving online faster than ever. Technology is helping brick-and-mortar businesses to adapt in a fast changing world. Once a website is created and visitors start browsing your business can expand greatly, however there are also a number of legal risks that it is exposed to.

While the process of incorporation has additional costs to merely starting or continuing a business, there are a number of benefits that come from registering a company (aka incorporation). The most important thing to remember is that an incorporated company is a separate legal entity from the company owner — this is crucially important should things go wrong.

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Dangers To Watch For When Moving To Commercial Premises

I’d love to share my own real word experiences as I’ve just recently moved to commercial premises and whilst I am a ‘seasoned’ business owner, I certainly learnt some valuable lessons. Some of my business principles and practices came in very handy plus I learnt quite a few other things. Please let me share:

1. Do a budget.

Specifically for the move, prepare your budget as you will soon discover the costs can quickly run up. Signage, removalists, new phone systems, computers, furniture, legals, deposits and so much more. This doesn’t even cover any refurbishment you may need to do. The costs really can escalate, so prepare a realistic budget and ensure you have the cash to fund this project. Naturally of course, ensure that ongoing you can afford the premises, including rent, electricity, security, telephones, etc.

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Three Handy Depreciation Apps for Business

Smart commercial property owners, commercial property tenants and business owners want to improve their cash flow. Claiming depreciation can reduce the tax paid for any commercial property at tax time.

BMT Tax Depreciation provide three valuable apps every business or commercial property owner should be aware of. Let’s take a look at how these apps can help you.

1. The BMT Tax Depreciation Calculator

This app is really handy when you are looking to purchase any new property, whether it’s a commercial office, an industrial building, a warehouse used for manufacturing or a residential investment property.

The BMT Tax Depreciation Calculator allows investors to get a quick depreciation estimate of the deductions that will become available for any property once it becomes income producing.

To use the calculator, investor’s only need to have some basic information about the property, including the property type, the construction type, quality of fishing, the floor area of the property in square metres, the estimated year of construction, when the property was purchased and the nearest major city.

Once the calculate button has been selected, the calculator will provide investors with an estimate of the minimum and maximum deductions they can claim for the first five years of owning the property.

To download the app for iPhone or Android devices, click here.

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