7 Obstacles That Stop Women From Starting a Home Business – How to Overcome Them
Are you a woman thinking about starting a home business? You’re not alone: many women are taking their careers into their own hands and blazing a path to financial freedom and career satisfaction. However, there can be plenty of roadblocks on the path to success. In this blog post, we’ll look at the seven obstacles that stop women from starting their home businesses – and how to overcome them.
1. Unfamiliarity with Technology
With all the digital tools available these days, it can be intimidating to start a business from home if you’re not comfortable with technology. Fortunately, there are lots of low-cost and free resources available to help you become tech-savvy and equipped to succeed in a home business. From great how-to articles you can find with a Google search to amazing courses like those you can find on Udemy to adult education courses through your local schools; there is a wealth of information out there to help you.
2. Lack of Financial Resources
It doesn’t take a fortune to get started, but money is a necessary resource to start and sustain a home business. Fortunately, the upfront costs have been reduced due to the digital revolution, and there are other options if you don’t have the money you need to get started. Some states have programs in place to help women start their own businesses. Check with your local SBA and see what might be available to you.
3. Fear of Failure
Fear and anxiety are a common reason women give for not starting a business but understanding and accepting risk is part of the process of entrepreneurship. Every person who ever started a business, from Bill Gates to me, had those same fears. The reality is, failure is a part of success. Even the most successful businesses have had to deal with failures along the way. When you start accepting it as simply a part of doing business, the fear lessens and allows you to move forward.
4. Insecurity about Proving Success
It’s normal for women to doubt their own abilities when launching a business, but the best antidote to this insecurity is to remind yourself that everyone deals with it even the most successful people in the world. To help yourself get past it, connecting with mentors and like-minded peers can help you stay focused on the ultimate goal.
5. Limited Time and Energy
Running a home business takes a lot of time and energy. To maximize your limited resources, it’s important to find a way to balance your responsibilities and eliminate unnecessary time sinks. Automate the things you can, delegate if possible and set priority levels for the rest.
6. Childcare Concerns
Many women who come to the idea of a home business have childcare responsibilities. Remember, you don’t have to do it all yourself – see if a family member or friend can help with some things. And research the availability of affordable resources out there that can help provide childcare or other needed support services. Sometimes if you are a part of state run program for women starting a business they can connect you with low-cost or sometimes even no-cost child care. If the whole point of starting your business is to be available for your children, then it’s all about scheduling. You may have to plan to work while the kids are at school or sleeping. Maybe rather than finding childcare help you would be better getting someone to help with household chores so that you don’t feel you need to do those things when the children don’t require your sole attention.
7. Uncertainty of Laws and Regulations
Every business decision carries legal implications. Before you launch a business, spend time researching the local, state and federal laws that pertain to home businesses. There are numerous online resources to help you understand the regulations. Again, the SBA is a great resource here.
Starting a home business can be a great way to get more flexibility in your life, take control of your career and achieve success. However, recognizing and facing the key obstacles that prevent women from taking the leap is an essential first step. If you can’t seem to get past them yourself, home business coaching can provide the objective guidance needed to overcome these obstacles and reach your goals.
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