| If you have a full time job, you'll earn enough money, | | | | Little to no income in the first 6 months |
| but you don't have enough time for your child. If you | | | | We are talking about building a serious and honest |
| work part time, you can spend more time with your | | | | online business, not about a 'Get Rich Quick' scheme. |
| kid, but the financial situation will be tight. So the ideal | | | | During the first 6 months, you probably won't earn |
| solution would be a job that requires no more than 4 | | | | any money at all. |
| to 5 hours work per day AND provides sufficient | | | | No fixed monthly income |
| income. From my own experience, starting an online | | | | You need to be comfortable with a certain insecurity. |
| business could just do the trick. However, it's | | | | You won't have monthly payslips with a fixed |
| important to look at both sides of the coin before | | | | amount. Although income from an online business will |
| you decide. | | | | normally grow over time, there is no guarantee. You |
| Let's consider the PROS first: | | | | might have seasonal fluctuations. Or a strong |
| Low risk and investment | | | | competitor might take away some of your |
| An idea, a computer, an internet connection and a | | | | customers. |
| step-by-step guide how to set up and market your | | | | No employees' benefits |
| business is all you need. | | | | Depending on the company you work for, you'll have |
| Work at your own pace | | | | access to benefits like medical and dental insurance, |
| It's completely up to you how many hours per day | | | | life insurance, pension plans and others. If you are |
| or per week you are going to work for your | | | | your own boss, you'll need to take care of all these |
| business. Just be aware that your business will grow | | | | things yourself. |
| slower or quicker, according to the amount of time | | | | Social isolation |
| you put into it. | | | | As a single mom, your social contacts will be limited |
| Work from home | | | | anyway. When you work outside your home, you |
| A huge advantage as you don't waste time with | | | | have at least your colleagues to engage with. But |
| commuting. And it makes it so much easier to fit | | | | when you work completely from home, you might |
| your work into your daily duties as a single mom. | | | | feel pretty isolated. It will take more effort from |
| Exciting and fun learning experience | | | | your side to build a social network. |
| The foundation for your online business will be an | | | | Motivation has to come from inside |
| area that excites you (a hobby, a passion, life | | | | There is no set time when you have to be at your |
| experience). That means working on it might not feel | | | | desk. No boss, mentor or colleague will praise you for |
| like "work" at all. In addition, the whole process of | | | | your achievements or provide feedback how you |
| building and marketing your online enterprise is an | | | | could do better. You need to be able to motivate |
| amazing learning experience. | | | | yourself, define your goals and stick to them. |
| Being your own boss | | | | In conclusion, it depends mainly on your personality, |
| Priceless. You decide when to work and what to | | | | whether an online business is the right solution for |
| work on. Later on, you might even consider | | | | you. If you are self-motivated, well organized and a |
| "outsourcing" some of your tasks and thus sit on the | | | | bit adventurous, you should definitely give it a go. As |
| other side of the fence, for a change. | | | | I said earlier, starting an online business needs almost |
| Automatic cash flow, once established | | | | no financial investment. And if you do it right, the sky |
| This is, in my opinion, the biggest benefit of an online | | | | is the limit for what you can achieve with it. |
| business. If you do it right, it will provide an | | | | If security and a stable, well known work |
| automated cash flow from various sources, e.g. | | | | environment are important to you, you might be |
| earnings from Google ads, affiliate commissions, selling | | | | better off as an employee. On the other hand, the |
| hard or e-goods, getting referrer's fees and so on. | | | | beauty of an online business is that you can start it |
| Imagine going on a long holiday with your kids ... and | | | | part time. Actually, you should do so, as you will need |
| the money keeps coming in. | | | | another source of income to sustain you during the |
| Sounds too good to be true? Well, I have done it | | | | first year. So, even if you are not the adventurous |
| and so can you, but there are some CONS you | | | | type of mom, you could still give it a try. |
| should consider as well: | | | | |