Building Your Business On A Budget

The Single Mom Home Business

Being a Single Mom in today’s economy can be difficult and stressful. If you’re like me, your children are the most important thing in the world to you. Whether you work out of the home full-time, part-time or have made a choice to be a stay-at-mom, the disadvantage of only having one income stream to rely on does not come without numerous headaches. Budgeting alone will NOT provide for the advantages that you would like for your family to enjoy.

Hi, my name is Lolita. I’m a single mom, I own my own home and my own home business. I have a home business that I love and the freedom that I need to raise my children in the most advantageous way that I feel is possible for our happiness. Unfortunately, this was not always the case.

In the past, like many other single mothers, I was in the corporate world working an 8-5, unfulfilling job. My child was a ‘latchkey kid’ who came home to no one and had to fiend for himself until I was able to return home from work. This was not the way that I wanted to raise my child and knew there had to be something better out there for us.

Evidence from all over the world shows that resources in the hands of mothers are more likely to be invested in children's health and education than resources controlled by anyone else, including fathers. The conclusion being: economic empowerment of mothers is the best recipe in the world for producing prosperity and a healthy, thriving society.

Those whom make the greatest choice of becoming a stay-at-home mom don’t always consider the impact that decision has on health and medical eligibility and benefits; social security and retirement benefits. These are the long term financial consequences that are accrued during the years you’re at home caring for your children, foregoing the better benefits and larger paychecks.

As a single, stay-at-home mom, what can you do to fill this financial void, ensure you have the proper health and medical benefits and bring in additional income streams to your home? Is there a way to continue your personal development and work skills achieved while working in the corporate world, earn a profitable income and enjoy the freedom of spending valuable time with your children, watching them grow and attributing to their becoming a positive contributing member to society?

Starting your own Home Business, like I did, Singlemomsprofitsystem can be the key to not only providing a modest second income, but the opportunity to literally earn multiple streams of income and control your financial destiny. This opportunity comes from building and growing your home business through affiliating with the Internet Marketing System that I use, MLM Lead System Pro.

According to Julie Lenzer Kirk, who authored "Path Forward International", fewer than 5 percent of businesses owned by women ever realize annual revenues over a million dollars. Why is it so hard, and how can you build a business that surpasses the million dollar mark? You need a network marketing system that is simple and effective. The system I'm about to show you has quickly become the #1 marketing system in the industry and has literally changed my life.

Taken from the book "The ParentPreneur Edge" those women owned companies whom have surpassed the magic $Million Mark, have identified seven successful secrets in which they all seem to have in common that seem to be missing in those that can't quite hit the mark.

These seven successful secrets are:

Know Your Customer - In order to Catapult your business, you need to know intimately what your customers want. Why do they buy? Why don't they buy? Get inside your customers head and you'll be well on your way to making a sale.

Proactively Manage Your Cash Flow- Once you have earning coming in, it is imperative that you continue to maximize use of your cash. Negotiate good (quick) payment terms from customers and never pay a bill before it is due.


Hire The Best People You Can- Research show that the success of a company is largely centered on the execution. Hire people that are expertise in what they do, and don't hesitate to pay them more.

Exceed Your Customers' Expectations- In building customer relationships, make sure to communicate expectations of the service provided. Once expectations are set- you must over-deliver. Exceed the customers' expectations and they'll come back again and again.

Build On Your Success- The least expensive customer is one you have already sold to. Build repeatable success within your customer base.

Practice "Focused Flexibility"- Focus ahead on your goals, while not ignoring what is happening on the sides. Know where you're going, but don't discount the changes in the economy or your competition.

Use Outside Advisors- Successful, growing businesses engage with an outside board of advisors. It is not hard to find people that are willing to help you grow your business-often without payment-just by asking.

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My business "the single mom profit system", provides for me the lifestyle I want on only 3-4 hours work per day, with the benefit of a 3-day weekend (every weekend). I work at my leisure, with no boss watching my every move.

When thinking of starting your own home business, envision the positive changes you will create in you and your family’s life:

· Travel- Disneyland; Grand Canyon; Washington Monument; Paris; Family trips that will become unforgettable

· NO MORE 40-hour work week. You can make your own schedule. Get the kids off to school in the morning, run errands when needed, watch the children’s different sporting events without begging for a few minutes off early from work.

· Working in the comfort of your own home. No boss watching over you behind your back or co-workers screaming at each other over the next aisle down.

· Most important, no FINANCIAL burdens. No debt collectors blowing up your phone. Your financial destiny is in Your hands.

· The advantage of enrolling your children in the best quality academic program in your town, as opposed to the local neighborhood school down the street.

Give yourself a choice. The choice to become financially dependent. The choice to have the freedom to spend quality time with your children and raise them in the lifestyle that you desire. The choice to never have to worry or stress about any financial nightmares again.

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