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Small Business Tips for Mumpreneurs

October 7, 2012 //  by Uju//  2 Comments

Whether you’re tempted by the cash or the chance to stretch your wings, many mums toy with the dream of starting a business from their kitchen table.

Running your own business can be a huge risk — but one that could pay off big time. Here are a few tips to set you on the right path:

3 Quick Tips to Kick Start your Business (Guest Post)

Start Online

The Internet creates unparalleled opportunities for the entrepreneur. It’s shocking to see business people who rarely use the web to their advantage. Online start-up costs are relatively low and, at the click of a mouse, even the smallest enterprise can make connections with customers and/or partners in any part of the world.

Social media allows you to grow a following and customer base fairly rapidly as well as to advertise your products or services to a potentially global market.

Sort Your Taxes

One of the most important tasks for any sole trader or small business is getting on top of their finances. Many London business owners unfortunately miss out on thousands each year due to not being aware that they were owed capital allowances.

These are sums that a UK business can take away from the overall corporate or income tax on its profits. If you’re all tied up in knots trying to understand the tax system, there are a number of companies (such as www.RiftUK.com) that can work out if you’re eligible for any money through capital allowances.

Be Patient

London is a city bursting with opportunities for new business, but this also attracts hordes of entrepreneurs trying to grab their slice of the pie. Competition is fierce in the Capital, so it’s important to be patient and not get too consumed with every step of your business plan.

For mumpreneurs in particular, trying to run a business as well as manage a home can be akin to running in a three-legged race. It’s important to go at your own pace, not try to Bolt your way to the finish line!

Every now and then, step outside of the box and dip into the resources that make you such a force in the family – your creativity, resourcefulness, people skills and great multi-tasking!

This is a guest post courtesy of our sponsor Rift UK

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Category: LifeTag: mums

About Uju

Uju Asika is a writer, blogger and creative consultant. She is the author of Raising Boys Who Do Better: A Hopeful Guide for a New Generation (DK/Penguin Random House), Bringing Up Race: How to Raise a Kind Child in a Prejudiced World (Yellow Kite/Hachette UK) and the delightful picture book A World for Me and You, illustrated by Jennie Poh (Hachette Children's Group). Uju's books are available at Bookshop.org, Amazon, Waterstones and other good bookshops. Follow Uju @babesabouttown on Twitter/Facebook/Instagram.

Previous Post: « Calendar: What’s Hot for London Kids and Families (Oct 2012)
Next Post: World Food Day: Feed a Child for Free! »

Reader Interactions

Comments

  1. Lena Martin

    October 9, 2012 at 4:16 pm

    Hi,

    This is worth sharing! Starting a business is very challenging not only for mumpreneurs but also for those who wish to venture in business. Reading tips, guides, and other motivational articles are very helpful.

  2. Uju

    October 9, 2012 at 10:15 pm

    Glad you found the article helpful, Lena!

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