Monthly Archives: February 2013

I Want To Run My Own Business, But Right Now I’m The Breadwinner

The Problem

My name is Patrice and I’m the happy mother of a 16-month-old baby girl. I working full-time at the office job I’ve had since I was 17! I like my job for a few reasons: I’m surrounded by generally good folks, kind of by accident I’ve been appointed in charge of the database system that the company relies on, my boss lets me bring in the baby whenever I want, and it’s an easy commute.

On the other hand, I’ve wanted my own business since I was 16 and wanted to even more since my baby was born. I’d love the opportunity to watch her grow, just be with her at home, and, yes, save on day care.

I just don’t know how to turn my love of budgeting, cooking, customer service, and database management into a business I can run from home. I don’t know the steps. It’s all very scary. I’m currently single (as in I’m with my daughter’s father but not married) and my significant other is jobless. I’m taking care of us all and it’s VERY stressful.

I’d be happy for any advice and tips you would have for someone like me.

P.S. I have been to college but never finished. I’m nervous about going back to school, with a baby, and failing.

My Take

Whew! That’s a lot on your plate right there. Let’s see if I can give you my two cents…

You’ve got a little one and yes, day care is expensive for that age range. While working from home is awesome, there can be some headaches involved and having a 16-month-old around for most of the day will severely limit how much work you can get done. I’m not saying it’s impossible (because nothing is impossible), but it will make it more difficult to own your own business if you want to also have your daughter home with you.

Since your significant other is jobless right now, I would suggest the following. Check out work-from-home jobs. Apply for a few and let’s all keep our fingers crossed that you can land at least one. Set goals for income each month. The first couple months you might want to aim for about an additional £100 per month.  The most important thing to plan your work and work your plan. Sit down with your boyfriend. Is there a way he can watch her during the day, at least until he finds a new job? The two of you will need to sit down and figure out how to make this work.

Let me tell you, though: You can do this. It is scary to think about becoming your own boss, but the important thing to remember is that this is not an all-or-nothing situation. You indeed have your cake and eat it too! I always talk about having multiple streams of income, because it sets you up for a better future. Work your day job, and spend an hour or so a night making your side dream a reality. It is hard, but it can be done. How do I know? Because I’ve done it. I know other mamas who’ve done it. It’s not impossible.

What do you all think? Any advice for Patrice?

Advertisements