Changing the Paradigm: a Mother's Guide to the World of Entrepreneurialism

I want to give you six points that will help guide youcompany.
and prepare you in paving the way to becoming anPoint #3: Determine your goals
entrepreneur.Your company can be whatever you want it to be,
Point #1: It all starts with an idea.and for whatever purpose. You can make just
Many people think you need an MBA, PhD, or even aenough to pay for a new outfit a month and a trip
college degree to become a successful entrepreneur,to the spa, play for Johnny's and Susie's college
and you need to be knowledgeable in certaineducation, or become the next corporate giant. Your
business areas. Let's debunk that myth right away, itventure can be full-time, part-time, seasonal, day,
is true that those things help you, but they are not anight, etc. Your company's strategy, focus, and
prerequisite for definitive success. The last time Idirection are determined by your goals, so whatever
checked you didn't need a degree from an accreditedyou decide upon simply stick to it. Success does not
university to come up with a brilliant concept, service,mean a certain annual revenue, or company size, or
or product. Ideas are the foundations of success.market share. These are only definitions of success if
You could know everything there is to know aboutthat was the initial goal, meeting and/or exceeding
business, but if you have to offer, you have nothingyour goals defines success.
to sell. If you have an idea to improve a product,Point #4: Take an inventory
offer a service that is needed or desired, or have aThis portion has to do a little with marketing, finance,
ground-breaking idea that companies, governments,strategy, sales, etc in business but within the context
or individuals are willing to exchange money for thenof who you know. You have a plethora of people
you have the foundations for a successful businesswho are potentially in your target market (those who
venture.you are in business for, whose needs you want to
Point #2: Leverage your current skill setsmeet). You call them play groups, church groups,
As I said in Point #1, you don't need to necessarilyfellow soccer moms, the PTA, etc. If your business is
have the business skills and knowledge that is taughta business that caters to other mom's you already
in business schools and programs to be successful,have a group of people you know to run your ideas
but it helps greatly to know someone who does, we'llby. You can sample your services, product, or can
talk about this a little later. First it time to lookweigh in on your idea to see if it's feasible or not.
internally at your own hidden skills. We'll start withThese same people have skill sets that may benefit
your networking skills, they're essential for businessyou, or know people who can help. Take an
because it always helps to know people. You haveinventory of who you know, and of what
these skills already; you just have to identify them.organizations you belong to, you may find some
You meeting your neighbors, those you attendhidden gems that can be beneficial to your business
church with, your hairdresser, your child's teacher,idea.
etc. Your social skills are the beginning of networking,Point #5: Exploit technology to help you
which is essentially creating a roster of people youTechnology doesn't have to become a burden, being
know who you may need to call upon. You haveable to use it to your advantage can ease some
sales skills… yes you do. Getting your child tosuffering and solve many problems. Most web
take their medicine, do their homework, do theirhosting companies offer templates of websites that
chores, or to do anything they don't feel they needyou download and change, not much more difficult
to do is selling, same concept, just a differentthen using a word processor. There are services you
purpose. You have management skills, keeping yourcan use for a small fee that can collect payments for
children in line, getting them off to school, managingyou, and help run your business. If you have a child
the house, and all the errands and chores takeover the age of 10, chances are they can set-up all
management skills, you've already got them. Anotherof your technology for you. Generally all you need is
skill is creativity, this cannot be taught. Coming upa computer and a broadband connection, they can do
with songs to sing to your children, games to play,the rest. Don't be afraid to use them, besides you've
and creative outlets for them all takes an innovator'scleaned up after them, stayed up all night with them,
and inventor's mind a key skill when running your owntime for them to return the favor.