How To Mix Your Business And Your Kids

How to Mix Your Business and Your Kids

They’re two of the hardest jobs in the world: being a mom and running your own business. For single moms, the difficulty rating gets multiplied…but with a few simple strategies, you can win at both, and teach your kids some valuable lessons along the way. For the pre-school set, childcare is key When your kids are too young for school, reliable childcare makes all the difference. If you’re thinking you can do both – run your biz (even from home) while caring for young children – think again. It’s nearly impossible to do both well. Sure, having your own business…

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10 Killer Business Skills You’re Already Great At (Even If You Don’t Know It)

10 Killer Business Skills You’re Already Great At (Even If You Don’t Know It)

Single moms use at least ten crucial business skills every day – many of them before breakfast – and that’s why we make the best entrepreneurs. I’d stack any single mom up against top CEOs in these 10 skill areas, and bet she’d come out on top. Multitasking: I’d be shocked if there’s a single mom out there who isn’t doing at least two things at once most of the time. I’ve made grocery lists and planned articles in my head while playing with my son. I participate in conference calls while I’m walking the dogs. Making dinner, checking homework,…

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The 7-Step Single Mom Start-Up Checklist

The 7-Step Single Mom Start-Up Checklist

Congratulations! You’re starting a business, and I’m here to help you kick things off. Getting started can be especially hard for single moms – we’re chronically short on time, and building a business can take up even more time than caring for your family. But it’s absolutely worth it. With your own business, you’ll be able to take charge of your financial future, and create a better life – and more opportunities – for your family. It’s also a great way for your kids to learn about responsibility and finances, and gain confidence and competence. By giving them (age-appropriate) jobs,…

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Which Business Structure Is Right For Your Company?

Which Business Structure Is Right for Your Company?

There are quite a few factors to consider when you’re choosing the legal structure for your company, but the most important is liability. Tax issues come in second place for this decision, followed by the amount of formal paperwork you’re willing to do. Here’s why liability is the number one thing to consider: If you set up your company as a sole proprietorship or partnership, you are personally 100% financially liable for any and all debts of the business. That means if your business loses a lawsuit, and there’s not enough money in the company bank account, your personal wealth…

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