Add A Personal Gift To Your Mompreneur Business

Add a personal gift to your mom business | neveralonemom.com

Hey mamas,

Welcome to the next post in my ongoing mompreneur series! Today I will be showing you how adding a little personal gift into your mom biz could make a huge difference! Read on hot mama!

Add A Personal Gift To Your Mompreneur Business

As an entrepreneur, you naturally want to establish a close bond with your clients, partners and leads. In the business world, building up a personal connection to the people you rely on in your everyday work, whether to purchase an item, help you to establish a strategy or supply with the necessary gear, is key to a positive impression. More often than not, entrepreneurs forget to add a personal touch to their business interactions. It might seem easy to get lost in the work routine and forget about the people around you. So that’s why bringing back the concept of the personal gift is crucial to your business survival. 

 

What’s the right personal gift?

 

Skills are not enough; you need to secure a personal connection

Admittedly, let’s get things clear from the start. You need a gift, but you also need to have the relevant skills for your business. Whether these relate to programming or bookkeeping, you need to remember that no personal gift can compensate a lack of skills. But similarly, being skillful and experienced is not enough to build a personal connection with your target audience. You need to add a sweet little gesture to bring back a sense of humanity into business transactions.

 

For loyal customers and partners

When there is a sense of loyalty that is established between you and your audience, whether from customers or partners, you will need to look for present ideas that can leverage the brand advocacy of your contacts. A simple touch such as a brand mug is a good idea to get them talking about your company naturally. You can also offer to sponsor your customers or partners activities, such as offering custom t-shirts for the in-house sports team, for example. Ultimately, you should reward their loyalty with regular discounts and offers too.

 

For new leads at an event

If you’re planning an event, there’s nothing better than looking for original and personal giveaways to attract and impress the audience. For all-day events, people tend to prefer elements that can help them to go through the day, aka a sweet snack or maybe some pens and paper. If you’re looking to attract people to your stand, you will need to consider offering refreshments as well as fresh foods, such as ordering a breakfast pastry buffet with hot drinks in the morning, for instance, and offering a small sandwich in a branded bag at lunchtime. 

 

Desserts for sale at a business event | neveralonemom.com

For new clients

Last, but not least, there’s the new client who has just passed an order and whom you want to retain. You’ve got a lot of options to make things feel more personal here. You can add a thank you card to the parcel, for instance, if there is a delivery planned. For businesses that are likely to get several orders from the same client throughout the year, such as takeaway or beauty products, you can pack a discount card to encourage future orders. Another good idea is to add samples of your other products so that you can help your clients to discover your full range.

Writing personal note | neveralonemom.com

In short, don’t believe the idea that the digital revolution has removed the need for a personal and human touch. Now, more than never, you need to remain your audience that they are more than a buyer to you.  Are you ready to take over the mom biz world? Go and rock it mama!

Please be sure to share this post and subscribe to my mailing list so you won’t miss out on my next post in the series!

A collaboration 🙂

Love, Jessxo

 

How Much Does It Actually Cost To Start A Business?

How much does it cost to start a home business? | neveralonemom.com

Hey mamas,

Many of us single moms wish we could start our own business so we can have more time home with our children instead of leaving them to work outside of the home, we should not have to abandon our children to earn a living. Our place if with our kids and starting up our own business is just the way to do it. But how much does it actually cost to do this? Keep reading to learn to find out.

How Much Does It Actually Cost To Start A Business?

The main thing that puts people off starting a business is the amount of startup capital that you need. The general opinion is that you need a huge amount of money that most people couldn’t save, even if they stuck to a strict budget for the rest of their life, but that’s not actually true. In fact, most businesses startup with under $10,000 and a lot of them do with less than $5000. Heck, most mompreneurs start their business for nothing! I did! That’s a much more realistic goal but the amount of money you need is dependant on the type of business that you want to start. If you’re considering starting up your own company, here is a guide to help you work out how much startup capital you’ll need.

 

Depositing money in a piggy bank | neveralonemom.com

Borrowing

 

If you’re starting a business that is fairly cheap to get going then you might be able to save up all the money yourself, but most people tend to borrow at least part of it. Working out how much you can afford to borrow will help you decide how much you need to save yourself. A revolving line of credit is probably the most sensible way for a small business to borrow money. The bank will set a top limit and you can withdraw money as and when you need it as long as you don’t exceed the limit. This is much better than taking out the loan as a lump sum because you’re only taking what you actually need. You can use a line of credit to cover a lot of your general running costs so you don’t need to save up as much money for that. A lot of banks and other credit unions actually have programs specifically for single moms!!! So definitely do your research and find the best way to go about this. 

 

Office Space

 

Hiring office space is one of the biggest costs for any business, so running the business from home is the answer. This is the best way to make yourself available for your kids 24/7. The rise of remote working and cloud technology means that your employees can often do their jobs from home as well, so you don’t need to factor in the costs of hiring an expensive office space. Boom baby!

 

Room For Growth

 

Room for growth is one of the things that is often overlooked when people are calculating how much money they need to save before starting a business. Most people save enough money to fulfil small amounts of orders for the first few months until they become profitable enough to cover all of their running costs. That’s fine in most cases but what do you do if you exceed expectations and suddenly get a huge windfall of orders? You need to capitalize on that opportunity but if you don’t have enough money to produce all of those products, you’ll miss out. You’ll probably end up borrowing more which isn’t a sensible move this early on in the business. Work out your production costs and then save some extra that you can keep aside just in case.

Woman in home office | neveralonemom.com

 

These are the main things that you’ve got to consider when saving money for a startup, but one thing that people often forget about is paying themselves. You’ve still got to cover all of your normal living costs now you aren’t working so remember to factor in a wage for yourself. I hope this has helped you on your journey to becoming a mom boss! Share this post to help other potential mom bosses!

A Collaboration 🙂

Love, Jessxo