At first, I was attracted by the title-"Money-making Mom". I thought it was a chicken soup book, but after reading it, I actually circled around and made a lot of marks and notes to remind myself to study and think.
The author, Crystal Paine, used to be a stay-at-home mother with financial difficulties. While raising children, she makes money through various channels. She founded MoneySavingMom.com Blog, which has an average of 2 million readers every month. While making money, she also helped many stay-at-home mothers, which had a great influence.
Earning Mothers is a book specially written for mothers, especially stay-at-home mothers. It teaches you to jump out of the thinking frame, explore your talent and passion, make money by using your own advantages, teach you to start a business with a lot of practical tips and real cases, help you improve your family's financial difficulties, and make financial freedom no longer a dream.
Fanny is a single mother. She wants to support herself and her children by starting a business. In order to balance making money and raising children, she tried many methods and finally decided to play the harp at the wedding as her permanent job. She established contact with local wedding suppliers and participated in wedding performances and exhibitions. Now she is fully booked every weekend, and the reward is very generous. She can not only cope with all kinds of bills, but also enrich herself.
Many people have the dream of starting a business. So, how to find a good project, put it into practice and move towards success? "Money Mom" suggests that when your mind is full of thoughts and troubles, you must ask yourself the following questions:
1. Am I passionate about this idea and willing to take action?
Entrepreneurship is not an easy road, only enough passion can support you to keep going, otherwise the bumps and difficulties you encounter from time to time will make you give up countless times.
2. Who are the potential customers?
Once you have identified a potential market, the next step is to define your specific customer base, and the more detailed the better. Such as occupation, age, family income range, how many children there are, etc.
3. Can I afford the cost of starting a business?
Many people think that starting a business requires investment, and it would be better if you could get a loan. If you dare to invest, you will get a return. However, Crystal doesn't think so. She strongly suggested that you should not borrow money in the early stage of starting a business, but accumulate enough venture capital before starting a business, so that if you don't advance, you will fall back, which can reduce the pressure of starting a business, and also allow you to put some or all of your initial profits into starting a business, so that your career can have a more stable foundation.
4. Have I done enough research?
Before starting a business, you must make an in-depth investigation into the field or industry you want to enter. Before that, it would be better if you could read some related books. Then you can talk to senior people in related fields about your ideas and get their advice. Keeping an open mind will often bring you unexpected gains.
5. am I willing to fail
Failure is inevitable when trying new things. In fact, most enterprises will not succeed. We should strive for success, but we should also be willing to accept failure. Success always favors those who are willing to keep trying.
After all, entrepreneurship is full of risks, especially for families with children. The lower the risk, the better. Crystal insists on increasing income first and then increasing expenditure. You must ensure that expenditure does not exceed income.
As Lizani Forsyte, CEO of thinkThin mentioned in the book, said, "If I want to do something, but lack of funds, I will find an affordable way to do it." When she could not afford the staff expenses due to her financial situation, she chose to provide consultation to fill the gap and insisted on avoiding debt. She realized her career development with her financial wisdom.
For stay-at-home mothers, the biggest obstacle to starting a business at home may be the management of time. In "Making Money Mom", several practical suggestions are put forward to solve this problem:
Set parameters for time?
According to your daily working hours, divide it into several sections, such as 15 minutes in the morning to plan a day, 45 minutes to deal with emails, 30 minutes to browse the news, etc. Setting a time limit for yourself can urge you to improve your work efficiency.
In addition, if you work from home, you must have fixed working hours, and go to work when it is time to go to work according to the plan. For example, if you plan to read industry books while your baby is taking a nap, don't think about the dirty clothes that haven't been washed yet.
Control social media
Social media has great temptation and always takes up too much of our time unconsciously. Sometimes when the phone rings, I can't help but click on WeChat, and then I can't help but click on a circle of friends. Browsing may take an hour. We can mute our mobile phones at work or turn off our circle of friends. In short, we should learn to use social media instead of letting them control our lives.
Learn to refuse
When we are doing our own things, especially when we encounter some bumps, there are often some voices in our lives, such as questions from others or words that distract you. Learn to refuse bravely, pay attention to what you are doing and try to avoid dividing time and energy.
Money is the most important tool to improve the quality of family life, and mothers also hope that they can contribute. The ideas, time tools and a large number of cases mentioned in "Making Money Mom" have drawn a successful entrepreneurial road map for mothers. Stick to your dreams, stick to setting goals and don't give up. Even if you advance at a snail's pace, you will certainly reach the other side of success.
Text/ice flame