Being a business owner is not easy. Add to that the role of a parent, in addition to living with a disability, and it may seem an impossible feat. But wait, before you throw in the towel, you can make your business dream a reality. You might just have to take a different detour to get there. Read on for some tips from Yegii Insights.
Build up the capital to fund your business
This is perhaps one of the hardest parts of any entrepreneur’s journey and can actually determine whether their business succeeds or not. However, this is where you might get somewhat of an advantage with the various grants that are available for people living with disabilities if you check the Small Business Administration grants list. Or, if you are an artist needing funding, the National Arts and Disability Center may be helpful.
Write a business plan
Nationwide notes that creating a business plan is an essential step that most entrepreneurs take in the beginning stages of starting a new company. This is no different for a person living with a disability, as planning is planning at the end of the day. Therefore, be sure to make your business plan detailed and clear concerning how you intend to set it up, raise capital, distribute profits, market your goods or services, and so on. An important detail you don’t want to miss is getting an EIN number for your company — something that the IRS requires for payroll purposes. Besides this, an EIN number makes it easier and quicker to file your taxes throughout the year.
Have proper systems in place
Most successful businesses run smoothly because they have the right systems in place. Furthermore, technology has made it easier to integrate systems and frameworks that will make your business run more efficiently. What’s more, technology allows us to do business even when we’re on the move.
Don’t forget about yourself in the process
If you’re living with a disability, it’s important to take very good care of yourself to function at your best. Therefore, Ciphr suggests taking the time out when you need it by taking regular breaks from a busy schedule to avoid burning out or getting seriously ill.
Earn a business degree
An online business degree can provide you with a solid foundation of theoretical knowledge and practical skills that can be invaluable when running a business. This may be a good option if you want to learn about essential business concepts such as marketing, finance, and organizational behavior. You will also develop important skills such as problem solving, critical thinking, and communication. Online degree programs are flexible and more affordable than traditional in-person learning.
Enlist the help of others
Many business owners make the mistake of wearing too many hats, which can distract them from what they do best. So, if you’re not that good at marketing, for example, you should outsource this or get your own marketing department to manage this essential function of your business for you. Of course, let’s not forget about enlisting the help of others to take care of your kids when you’re busy, as you will most certainly need this extra assistance — as most of us do.
Market on social media
As a small business owner, you may be looking for ways to market your business on social media. One option you may want to consider is using memes. Memes are a popular form of online content, and they can be an effective way to reach potential customers. When creating memes, it’s important to choose images and text that are relevant to your brand and that will appeal to your target audience. Using a meme maker is an easy way to design an eye-catching meme. The tool lets you adjust the text, colors, alignment, images, and more.
Following these simple tips, from ensuring you have the right systems in place to earning a business degree, will help you on your business journey. And if you’re on the fence about getting started, this can help inspire you to get started.
This piece is written by Amy Collett, the creator of Bizwell.org, a website that helps professionals and entrepreneurs build and strengthen their personal brand. When she’s not busy with helping her clients she enjoys coaching her daughter’s soccer team and is training to become a yoga instructor.