One of the many questions I pondered when writing When Business Meets Baby was when is the ideal time to start a business – before or after you have a baby?
I considered the motivations people have for starting a business and the lifecycle of a business. I also considered why people have babies and the growth stages of a baby. I concluded there was no ideal time to be mum in business, all you have is today.
When you look at the life cycle of a baby, every month, week, day and hour bring more developments. At each stage their needs and wants change, and it is different for every child. While the journey may not be an easy one, and you will make sacrifices, it is possible to balance raising healthy, happy children and growing a business.
When you have a baby, you’ll need to make the decision about whether you put your business into either maintenance mode or growth mode. Your decision will depend on so many different factors – the stage your business is in, the staffing or resourcing you have available, finances and more.
Maintenance mode – This mode will only really work if your business is already developed. Think of it as pressing the “pause” button. It is not viable to keep the business in this mode for too long – business basics say that we need to continually develop, market, and give effort to the business.
Here are some tasks that will help you maintain your business:
Growth mode – Employment of this strategy will depend on whether you have a start-up business or an established business. It will also depend on the funds you have available to invest. Here are my three top tips for implementing growth mode after the baby’s birth:
Remember, too, that it’s OK to grow slowly – at the end of the day, you can only do what you have time to do. While focusing on growth in your business, it’s also important to ensure that you are engaged and present with your children when you are with them.
Rachel Allan, marketing consultant and author of “When Business Meets Baby”