Let’s face it, as single moms, there’s ALWAYS month left after the money ends.
With all the bills you’re trying to cover, sometimes with your paycheck alone, getting to the end of any month, financially ahead can be a daunting task.
That said, there are a dozen or more ways to bridge that ‘no money’ gap between your last paycheck and the end of the month.
When other moms ask how I made our finances work as a single mom, I have to admit that starting a small business is what saved my ‘financial bacon’ in those years. I’m not the type of person who typically enjoys being an “employee”, so starting a business was a no-brainer for me.
Only back then, I didn’t think of it as “starting a business”. I looked at it as simply doing something to help make ends meet.
Whether that “something” was making candles, or handbags, each endeavor made me enough money to keep the lights on, buy food, and then some.
In addition, starting a small business can give you the freedom you need to be able to stay home with your kids! Yes…working at home can be stressful in a million different ways. But given the alternative (working for someone else OUTSIDE the home) it’s a stress that I was willing to tackle.
And you will be too.
No idea what kind of business you should start?
I didn’t either, at first.
But think about what you do on a fairly regular basis, that you can do for money.
When I started my first business, it was based on something that I had to literally make and ship.
When my kids were little, I didn’t think about starting a business that I could run from anywhere, because they were still little. Where was I going to go? I was at home, or I was out somewhere with them. I only thought about starting something that I could do while I was at home with them.
That said, if making and shipping product is your thing, cool. It was great for me when the kids were at home.
But once they grew up and moved out, having a business that essentially tied me to one location was a pain in the ass. I couldn’t move around nearly as much as I wanted to, outside of the city that I lived in, because that’s where my business was.
If you’re looking for something that you can do from home, and aren’t concerned with the mobility of that business, making things that you can sell for extra cash is the way to go.
And it’s super easy to start!
Many of us stress about going through all the paperwork that can come with starting a small business, but it’s really not all that complex.
I started my first business completely by accident. No paperwork, no crazy expenses.
I have a weird obsession with handbags.
So one day, I made two little handbags for my daughters. They wore them to things like birthday parties, outings, etc.
When their friends, and their friends moms started asking about those bags, my little business started to grow.
Fast forward 8 months, and those ‘little bags’ turned into a business whose products were carried by 43 stores across Canada and the US!
I get it. You don’t want to start your own business because it sounds like a huge undertaking.
But it can really be as simple as buying some supplies at your local art store, and making your first few products.
That’s how my bag business started. I bought some fabric, and made two handbags. That was really about it.
Thanks to the “www”, finding customers for your little business is easier than ever!
I started another business making recyclable shopping bags with cute quotes on them, and sold my first bag while I was setting up the site!
Honestly, the best thing I ever did for myself AND my children, was start my own business. Financially, it was a life saver. And it taught my children that they can do whatever they want to! My two oldest are entrepreneurs. The youngest is just now starting his own ‘thing’, and I’m sure that he’ll shortly join us in the land of the self-employed!