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Becoming a Mumpreneur

17 January 2010 2 Comments

Combining the demands of running a business with the responsibility of bringing up children is a tough if not impossible task, yet ever increasing numbers of mothers continue to start their own successful enterprises. A little while ago, I spoke to Start Up Donut about the challenges of balancing babies with business.

What are the main issues facing mums who also run businesses?

Limited resources — time and money. Almost all mumpreneurs are doing it so they can spend more time with their family, and it’s always a bit of a struggle to find the right balance between the two. It’s hard to find time for your business, your family, your partner and yourself.

How would a mumpreneur usually finance her business?

A lot of mums wisely seek to grow their businesses organically, so they start them on a small budget. Very few want to take out large loans, so they’re likely to use their own money, maybe a few hundred pounds of savings. They tend to use their existing resources, usually their homes, and build things from there. Some women go for a small loan or grant, and Business Link can be a good source of advice about of funding, but the truth is, there isn’t much available.

Read the whole article here

2 Comments »

  • The Best of the British Mummy (and Daddy) Bloggers Carnival said:

    […] With finances being top of many parents worry list, Antonia Chitty at Family Friendly Working tells us her top tips on ‘Becoming a Mumpreneur‘. […]

  • finance career opportunities said:

    finance career opportunities…

    Your topic Graduating into a recession was interesting when I found it on Sunday searching for finance career opportunities…

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