May 2017

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Coming up with a business idea is the easy part. Strategizing, planning and executing the business idea is the hard part.

5) Open a business account - Talk with a business banker, $100 and your OBA are usually all you need for most banks.

Here are a few tips for starting your journey as a mompreneur. l) Research your business idea to see if you have the qualifications and finances for your venture.

6) Start networking - Check out local Chambers of Commerce, meet-ups and college campuses for small business events. Each week there are multiple postings of activities in most newspapers.

2) Reach out to business development organizations to assist you with free training and resources for growing a business.

7) Also, don't take social media for granted - it is a very inexpensive way to announce to the world that you are in business.

However, mompreneurs is not such a new phenomenon. It is though, widely recognized now with the launch of websites and magazines to address the growing needs of moms trying to grow a business.

3) See an accountant or tax professional to discuss your business entity - Should you be a sole proprietor, corporation, LLC there are consequences for not paying attention to this part. So start out how you want to end up!

Being a mompreneur may be the best boost for you and your family.

Remember to work hard but make time to play hard with your family!

If you are feeling the pinch of summer camp creeping up, school tuition or just the need to have a little cushion in the family budget, then this may be a viable opportunity.

4) Get your assumed name certificate (OBA). You will need that to start you business bank account.

ikipedia defines a Mompreneur as a female business owner who is actively balancing the role of mom and the role of an entrepreneur. But in our community, the word may be new but it has been the base of most of our families.

There is a mompreneur in most families. From the bootleg hair salon and braid studio, Mary Kay or Avon Rep, cleaning business or cupcake baker there is a mompreneur on every corner.

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mom-pre•neur mampra'nar/ a woman who sets up and runs her own business in addition to caring for her young child or children.