Why Moms Should Start a Home Based Business Today

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 by: Carrie Lauth

Most Moms think about starting a home based business at one time or another.

Maybe
the youngest has started school, and Mom suddenly has a lot of free
time. Or perhaps Mom was successful in her career before having her
first child, and wished to put her skills to good use in a home based
business. Another reason may be that a couple is accustomed to the
lifestyle they can afford with two incomes, and when Mom suddenly
decides to quit her job to stay home and raise the children, the loss
of income is uncomfortable...or even intolerable if the income is
sorely needed to pay bills.

My purpose in writing this
article is to give you some compelling reasons why you SHOULD start a
home based business, and do so TODAY.

1) Having a Home Based Business provides you with a safety net if your husband loses his job.

We
don't live in the days of our Grandparents, where the advice was: Get a
good education, get a good job, work hard for 40 years and let the
company take care of you. Retirement is almost a joke. There is no such
thing as job security anymore. Layoffs and downsizing are commonplace
today. Social Security and Medicaid may not even be around when some of
us reach retirement age.

For many families, the loss of
the primary earner's income is devastating. Most families simply do not
have the 6-12 months of living expenses set aside in savings that
financial advisors recommend. Oftentimes it takes a person weeks or
even months to find employment that matches the salary they are used
to. Unemployment benefit checks are not enough to cover even the bare
necessities of life.

Having a Home Based Business
provides the family with a second income. During the period of
unemployment, Mom can step up her efforts to build her business and
make more money. Dad might be in a position to help out more, giving
her the ability to do this with more focus. Who knows... Dad might even
decide to join Mom in her "little business"...especially when she
starts earning more than he does. Stranger things have happened!

2) Having a Home Based Business provides extra income to help the family meet certain goals.

For
instance... getting out of debt. An extra few hundred dollars a month
added to the credit card debt load could make a huge difference in how
quickly the debts get paid off.

After this is
accomplished, the money that was going to credit cards could be applied
towards private education for children, savings for college, that
special vacation the family has always wanted to take, a newer model
car, renovations on the house so siblings can have more space (or Mom
her own office!).

Another awesome goal is that of paying
off the mortage early. By making an additional mortage payment
periodically most couples can shave YEARS off of the life of their
mortage. Few people own their homes outright, but what a freeing
feeling that would be!

3) Having a Home Based Business models entrepreneurship to children

In
today's world, it's more important than ever for our kids to learn how
to "mind their own business". Children who grow up watching Mom work
her business learn how to manage time wisely, they learn how to take
responsibility for themselves financially (instead of relying on an
employer), and they may learn practical skills especially if Mom lets
them help out or even pays them to help. Current tax laws even allow
young children to be paid (and this is a tax deductible expense) for
their services...check with your accountant.

Young girls
will also learn that it IS possible to have the best of both worlds...a
woman can stay home to raise her children and still earn income.

4) Having a Home Based Business improves relationships

Most
women I have spoken with about the subject agree that it isn't good for
their self esteem to have to ask their husbands for money. What's bad
for a woman's self esteem is bad for the marriage! Women feel better
about themselves when they are at least somewhat independent
financially. They also have something besides "what little Johnny did
today" to talk about at the dinner table. It keeps the relationship
fresh and lively when a couple can discuss their challenges and
triumphs in their business and work lives. Anytime you see someone do
something they're good at, it causes you to see them in a new light and
have newfound appreciation for them. This is always a good thing in
marriage!

Work from home Moms also tend to stay more
connected with their peers, via networking with other business moms,
prospecting for new customers and business partners, and the like.
There is a tendency for new Moms to stay in the nest a little too much
at first, and this can lead to depression. A business Mom, on the other
hand, is almost forced to talk to people! She has a reason to get up,
get dressed in something other than sweats, and go out and meet people.
Little Johnny doesn't care if you put on shoes and makeup, but doing so
does wonders for your energy and mood.

5) Having a Home Based Business gives a Mom "something else"

While
most women adore being Mothers and wouldn't trade their husbands in
anytime soon either, we all want "something more". Something for
ourselves, something to call our own, that isn't a title or duty like
Wife, Mother...something that isn't undone 5 minutes after we do it.
Something we can put our name on and be proud of.

Mothering
is the most honorable profession in the world, but it isn't always
recognized as such...and it's nice to be recognized once in a while.

My
Mother once told me that the main reason she always had such success in
Direct Sales was because she loved the recognition...and the women on
her team would often work like madwomen to get some little trinket.
Sometimes it wasn't the cash...it was the pat on the back, the feeling
of accomplishment that comes from meeting a goal.

That
"something else" also makes the transition to empty-nest hood easier.
So many women fall into deep depression when their youngest child
leaves home. If more Moms had a Home Based Business, instead of having
their self worth completely tied to Motherhood, maybe this wouldn't
happen so much.

There are more reasons to start a Home
Based Business, (such as the tax advantages) but I hope I've given you
some food for thought.

I wish you the best in your journey towards the ideal Home Business for you.

Carrie Lauth

About the Author

Carrie Lauth is a home based working Mom of 3. She enjoys anything involving espresso. Visit her on the web at: http://www.money-smart-women.com

You may use this article without permission if the bio at the end is included. Please drop me an email if you decide to use it. Thank you!

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