Choose Well -- It Might Be Around for Awhile!
Picking the right business model for your new business.
Moms Doing Business
6/27/20233 min read


Hi Moms!
Embarking on the journey of entrepreneurship can be.... overwhelming and exhilarating! But, don't get caught up in the overwhelm when you are first getting started -- get caught in the VISION!
Having a clear vision of what you want your life to look like after you start the business is so important that I actually make this one of the Very. Top. Priorities. Here's why.... in order to really build the life that you want, you'll need to start a business that affords that type of life. For example, if you would like to travel 6 months out of the year, then you should not pick a business where you have to carry inventory. If you prefer to work late at night after the family has called it quits for the day, then you really need to look at businesses which have very few or no live customer touch points. And, if you are looking for a business that can be grown to support your entire family and maybe even your children's families, then you'll need to pick a business which has the market potential to make full time money.
One recurring theme that I hear time and again from my clients is the time commitment of an MLM. And this is so true. So yes, there is money to be made by some in the MLM world, however, if the model requires you to coach multiple downline streams, while bringing on new business, while recruiting for your team... the time commitment will be great. So, as you can see, there really are a lot of points to consider before jumping in.
Choosing the right business model lays the foundation for success. With a multitude of options available, the decision may seem daunting, but fear not! Let's explore the key things to consider when selecting the perfect business model.
Aligning with Passions and Skills: Embrace your passions and leverage your unique skills when choosing a business model. Your venture should be an extension of who you are, igniting your soul with excitement and dedication.
Flexibility and Work-Life Balance: Seek a business model that harmonizes with your family life. Flexibility is key for moms, allowing you to balance the demands of motherhood with your entrepreneurial pursuits.
Market Demand and Niche: Research the market and identify a niche that aligns with your interests and meets customer needs. A focused approach ensures your business stands out amidst competition.
Financial Viability: Assess the financial potential of your chosen model. Ensure it aligns with your desired income goals and offers a path to profitability.
Time and Resources: Consider the time and resources required to launch and grow your business. Evaluate whether it complements your current commitments and capacity.
Scalability and Growth: Contemplate the scalability of your business model. Will it allow for future expansion and growth as your venture thrives?
Support and Community: Seek a business model that offers a supportive community. Being part of a network of like-minded entrepreneurs fosters growth, learning, and encouragement.
Risk Assessment: Identify and evaluate potential risks associated with your chosen model. A thorough risk assessment allows for proactive mitigation strategies.
Passive Income Potential: Explore opportunities for passive income streams within your business model. Passive income empowers you to earn even while you rest.
Customer-Centric Approach: Prioritize a customer-centric approach. Understanding and meeting customer needs form the heart of a sustainable business.
As you embark on this transformative journey, embrace the process of selecting a business model with an open heart and eyes wide open. Allow your vision to guide you, and let each consideration bring you closer to the perfect fit. Empower yourself with knowledge, support, and determination. Together, we can be moms doing business, shaping a future filled with dreams realized and legacies cherished. ππΌπ
Chat Soon!
xo xo g. bayne
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