Individuals with disabilities are almost twice as likely to be self-employed as those without disabilities. Owning your own business is time-consuming and requires a lot of effort, and so does parenting. Balancing these needs is tough but far from impossible. Some simple tips and ideas help get you started on the right foot.
To begin, decide what sort of business you’d like to have. Consider the time and energy requirements and how they may impact you now and in the future. To help narrow down all the details of a budding business, consider writing a business plan. This document describes your company and mission, products and services, structure, and financial projections. Having a detailed business plan helps you be successful and can help with finding funding for your business.
As a person with a disability, you may find that some tax incentives and other business funding options may not be available to you. However, there are many programs you can utilize to help with starting your business. The government, special interest groups, and other organizations set aside certain amounts as grants for entrepreneurs with disabilities. You need only apply to find out if you qualify. Applying for traditional SBA loans or finding investors are also possibilities for obtaining the funds you’ll need.
Hiring Employees and Contractors
To get things done and lessen the stress on yourself, consider hiring someone to help you. This could be an employee, actually hired by your company, or a contractor who’s paid on a special contract. Most small businesses benefit from hiring contractors to act as virtual assistants and to take care of tasks such as bookkeeping and website development. This frees up your time to focus on what makes your business special while everything that’s necessary for running the business is still completed.
Another important contributor to making your business successful is marketing. Create a persona of your ideal customer, and consider where they’re getting their information from. You can network for referrals or run a newspaper or social media ad. Don’t be afraid to point out that you’re running the business as a person with a disability. Many potential customers prefer to support someone who’s working this hard for their success.
Balancing work life and family life is a struggle for most parents. When you’re working from home, it tends to be even more difficult as you never really step away from the office. Make sure to set a schedule that includes time for work and family, then stick to it. Include self-care time, too. If you’re not at your best, business success will be difficult, and you’ll be losing out on quality time with loved ones. Your health and well-being should always be at the forefront.
You Can Do It
Starting a business when you have children at home and you have a disability is no small feat. It takes time, dedication, and really taking care of yourself. If you can manage that, there’s no reason your business can’t be successful.
Read through the Small Business Bookkeeping Blog for more information on running your small business.
Ed Carter of AbleFutures