Finding Hair products for my daughter birthed HairBureau- Sylvia Naa Djanie

by with No Comment BusinessFeatured MomsUncategorised

We took away some great nuggets from this interview, especially with the part where our guest spoke about the importance of keeping virtual friends and the impact they could make in our business. Join us as we explore Sylvia’s journey as a Mom in Business in the past three years

1.Please tell us a little bit about yourself

My name is Sylvia Naa Djanie. I am a married woman with two kids ( A girl and a boy) and I am a banker by profession.

2.What inspired you to take this path in entrepreneurship?

In 2017 when I decided to have my daughter, I realized I had hair issues and my hair started falling out during my pregnancy stage .

I had to cut my hair at a point and start natural hair. Through this journey I met a lady by name Abena who exposed me to a lot of things about hair and I realized Good hair care is expensive and required a lot of time. I decided to joined an academy where I learnt a lot of things about hair.

I had my daughter and she came with a lot of hair ,but her hair started depleting along the line so I decided to get products for her hair to sustain and grow it. It was very difficult getting products for kids hair as most of the shops I walked into either told me they didnt have kids products and rather gave me products meant for older people as a substitute.

I also realized there was only one hair type product on the market for kids and most of these shops had little or no experience on how to care for the hair. I came back home and looked at what I could do, that was when I decided to start a simple hair care routine for my daughter which included a hair regimen. Guess what, In a few months I began to see growth in my daughters hair.

After I realized that only one haircare brand for kids was trending, I hit the internet to do more research online and find out if there were products for kids.

And guess what there were tons of products online for kids hair care. There are so many products for adult hair but we forget babies are being born everday and that market also needs a lot of attention.

In our age , parents are looking for products that can help them grow their kids hair but they do not come acrross them easily. With time I started helping my friends to grow their kids hair .

My husband drew my attention to the fact that I was spending a lot of time researching, enrolling for haircare courses and the passion with which I was using in whatever I was doing and encouraged me to consider taking it up as a business. That was when I decided to launch Hair Bureau , my business.

3.How are you able to manage the family and your business?

Trust me managing a family a business at the same time is not chicken change. I have cried a few times because I virtually have no sleep. I am in a financial institution so you can imagine, I am at work at 7am till 5pm then from 5pm mummy duties begins. That means if mummy wants to nurture her business she has to still set out sometime to pay attention to it and give it all the support it needs. I had to make time to undertake some classes onine to help me manage the finances of my business.

Also my husband has been of great support. There were days that we will sit down to draw plans on how we will market for the week and how to even come up with our logo. Overtime we have been able to identify a niche and this has made it easier for us to run the business.

My kids have also become a part of the business. They are able to tell their friends what castor oil is used for and tell their friends how castor oil is used to grow the hair. It hasn’t been easy but with time we realize we are getting there.

4.Share with us one challenge you faced in your business and how you overcame it

One major challenge I faced in my business was how to manage my finances.Trust me, anyone I told said that but you work at the bank? But I am a marketer, I am not an accountant. Managing the finances of a business and home was a big issue for me and for two years straight I never declared profit.

It was impossible to identify what I had sold even though I was buying more goods than on a regular day, I couldnt tell my profit from my seed money and it was difficult until my husband taught me some simple accounting techniques. Now I am able to tell how much I have sold in a week, how much profit I have made, and how much stock I have left. I am proud that now through my husband I have been able to get far in the business.

5.What keeps you going as a mom in business

What keeps me going is the fact that I love what I do and the feeling I get when I see the results that people send to me. I have clients all over the world. People ask me, How come you are able to get clients from all over the world and I tell them that people have not found human face to haircare especially when it comes to kids. And I have been able to provide that for the past three years and counting.

Through consultations and one-on-one sessions, people are now taking haircare very serious and I am changing the minds of parents when it comes to haircare one parent at a time. I believe through my services, people are begining to have confidence in their own natural hair and are able to wear it very well. I am trying to instill that love for our african natural hair in our young girls. African hair is resilient to growth.

I am also very happy when people to come to me and say thank you , you have been able to change my mind about my natural hair and this is what I am going with.

6.Share with us some tips that have helped you to succeed.

Tips on what helped me to succeed. There are three things I keep in mind;

1. Always make friends with successul people, I am not saying go bootlikcing people. You need to create acquaintances with successful people so you learn one or two things from them that you can add to what you already have and sell it back to them and they will help to also propagate your message to others. On this point I would like to commend a baby shop called BabyBliss. This lady literally took me from the ground and helped me up and helped me put structure to my business.

She and my husband believed in me more than anyone else and saw a light in Hairbureau and if I ever get to stand anywhere I will never ever forget Babybliss.

2. Always make friends even if they are virtual friends. Ever since I joined IG as a business I have realized that entrepreneurs in your field or those around you sell you out better than some of the marketing strategies we use. There is nothing as good as a fellow instagram or virtual friend that you’ve met.

Keep them, and everywhere you meet people try to keep in touch with one or two people, that is how your network will grow. There have been referrals from people even my mind cannot comprehend because I striked them as an acquaintances and then wowed them with the x-factor of my business . That has helped my business to succeed.

3. Never ever despise small beginnings, my profits were between GHS30-GHS50 initially and some people thought it wasn’t worth the stress . With time everything I sell hits right back into my bottom line. Never despise small beginnings or small monies. Make your noise, network and it will work for you.

7. Message for WeMompreneurs on our 5th Anniversary

On your 5th Anniversary, I want to thank WeMompreneurs for all the wonderful tips you share with us. For the next generation WeMompreneurs is a great platform to network and build aquaintances for your business as a Mom . The information shared is spot on and there is this energy that hits you as soon as you come to the page and lets you believe that you can do it.

I am glad to be associated with you, because more often I take a lot of inspiration from your page. I pray that you grow, you impact more lives and in the years to come you become one of the big communities that have changed motherhood in a unique way.

8 Essential Clauses To Look Out For In A Contract

by with No Comment Business

Here are 8 basic clauses that every business oriented person or individual should look out for when entering into a contract with an entity or a person. Understanding these clauses will lead you to negotiate better contracts that are relevant to your business goals.

  1. Parties – this is the part where you ask yourself, who is the party you are contracting with? In other words, are you entering into the agreement with a legal entity (a company) as opposed to an individual? In addition, you have to check if the person signing the agreement has the authority to do so.
  • Consideration – It is essential for every contract to have a consideration clause. This is where you want to know what you stand to gain from the agreement. Are there any conditions attached to a performance under the contract? And if the contract is for the exchange of goods and services, you want to find out the kind of payment that is accepted.
  • Confidentiality – The confidentiality clause is found mostly in commercial agreements. This is the part of the contract that deals with what information needs to be disclosed. Usually the two sides agree to keep sensitive information among them without divulging it to third parties. In order words, you would like to know whether your most valuable information is being protected.
  • Non–compete and Non-solicitation – In most cases, an agreement will have a non-compete clause and / or non solicitation clause. The non-compete provision is the part that stops a party from competing against the other by using the information gathered from their previous relationship for a period of time.  For instance, if the contract prevents you from working with the other party’s competitors, you have to find out for how long you are not to engage with the other party’s competitors.The non-solicitation clause is the part where you want to know whether the contract prevents you from taking or engaging with employees or customers  of the other side for a period of time.
  • Dispute resolution –  How do you resolve a dispute with the other party in the event of a disagreement?  Do you want to settle disputes through mediation, arbitration or litigation? In negotiating for a contract, be sure to evaluate that the dispute resolution process chosen would best suit your business needs.
  • Termination – This is an important clause commonly found at the end of the contract. This is where you establish what will cause the contract to end. You will want to know at what point in time the agreement will be terminated. In addition, you will want to find out whether you can end the contract if the other party doesn’t fulfill their part or they do something unpredicted. In every venture, things don’t usually go as planned and so in a contract, it is important to have a provision that permits the parties to end the agreement if an unforeseen circumstance occurs.
  • Indemnification – This clause usually transfers risk from one party to another. In negotiating or signing a contract (especially commercial contracts) it is pertinent to recognize who is taking the risk for various actions.
  • Entire Agreement – This provision specifies that the contract is the entire agreement between the parties. This clause usually defines how the contract can be adjusted. This stop a single conversation from changing the foundations of the offer.

These items are to help you be a better negotiator in your next contract. I hope you find this discussion useful to assist you better understand the essential parts of a contract.

Disclaimer : This article does not constitute a legal advice. Please consult a lawyer before taking any legal action including using the discussion in this article.

About the Author

Obiribea Ampofo-Addo is a proud mom of a lovely miracle baby girl. She is originally from Ghana (West Africa) where she was trained and worked as a Lawyer before pursing an LLM in Canada. She currently lives in the United States with her family.
She is a Non- Executive Director of Emerald Community School in Accra, Ghana, where she also volunteers as the school’s Legal Consultant. She is passionate about the promotion and protection of the rights of women, children and persons living with disabilities. She also believes in the equality of all persons, and her dream is to see a world where the fundamental freedoms and rights of all persons are truly respected.
She runs a platform on instagram and Facebook called The Sisterhood of Women (@thesisterhoodofwomen) dedicated to celebrating, empowering and inspiring women from all walks of live. In her  spare time, she enjoys reading, cooking, writing and volunteering with organizations that promote the human rights agenda.

Meet Opie, the creative mind behind OMT’s Digest

by with No Comment BusinessFeatured Moms

The loss of my triplets in February 2014 got me re-evaluating my perspective on life. Although we never met (Jesse, Jayden and Jordan), the experience with the boys is the reason I am where I am. I have become more compassionate and more considerate of the feelings of others. I have come to the realisation that there is more to life and that was the start of my risk taking journey. My friends would testify that I was a quiet and risk averse person.

We chanced on the Instagram account of  OMT’s Digest when Opie shared a bit about herself on her business page Samaw Kidz. From there we realized we had a lot in common when it came to the purpose and vision of our blogs. Especially in this era where collbaoration is the way to go we didnt find any better time to start working on something for mothers in business than this time. Remember the saying that, When women come together great things happen!

Enjoy our short interview with Opie as she shares with us her passion and what led to the beginning of OMT’s Digest! A blog she runs so professionally.

Brief profile of yourself.
I am referred to as Mawuena by friends who have known me from birth till tertiary and after tertiary my name switched to my first name, Ophelia (not my preferred choice though). This was as a result of my first day of work orientation at the audit firm I used to work with. The white partner found it easier to recall Ophelia than Mawuena and it got stuck with clients and colleagues. Ophelia still sounds weird when I hear my pre-tertiary friends use it.lol
That was just by the way.  I am a blogger who is passionate about empowering and supporting women, helping and guiding working mothers to start side gigs, coaching and mentoring the youth and sharing the story of African entrepreneurs to inspire others and eventually change the African narrative a post at a time through my blog OMT’s Digest. 
I am quiet but can be a talkative when you get to know me and when I am engaged in topics I am passionate about. I have two kids, a 5 and a 3 year old mini bosses.

Now that you have an idea of who I am, whenever you spot me anywhere on and offline, just call me Mawuena or Opie!


What work do you do? Career, side gigs
I quit work because of the flexibility I needed. I currently provide freelance writing and editing services.
I also run a hobby gig called Samaw Kidz, customising kids tees for birthdays, milestones celebrations and for fun too! We also assist with gift packages for your kids based on your budget.
I am a business partner for Da Barberz, a grooming shop located at Kwabenya where we provide haircut, manipedis, massage and make-up services in addition to laundry and sale of barbering equipment.
I also do volunteer youth mentoring and coaching when I have the time and I run an accounting, audit and tax consultancy with my partner.  

Motivation behind OMT’s Digest
The loss of my triplets in February 2014 got me re-evaluating my perspective on life. Although we never met (Jesse, Jayden and Jordan), the experience with the boys is the reason I am where I am. I have become more compassionate and more considerate of the feelings of others. I have come to the realisation that there is more to life and that was the start of my risk taking journey. My friends would testify that I was a quiet and risk averse person.
OMT pronounced O.M.T. and not “omt” initially started with the purpose to share the story of my stillbirth and motivate other mothers or mothers to be that there was still hope. I have shared bits and pieces of the story but I am yet to write out the series of posts to tell the full story.
My experience forced me to assess my life and through engagements with other mothers I was inspired to push women into entrepreneurship no matter how small the gig may be, the important aspect is the push to start! In the process I also discovered I love to listen to and share inspirational stories and experiences of young entrepreneurs and the journey of parenthood.


How do you juggle work with family?
Its crazy! Not an easy one I must admit. There are days you feel all empowered and there are days you practically have to drag yourself to get things done. The support of my husband, mother and siblings have been helpful especially on days when I have to step out and make some rounds. 
At other times they tag along like the way women carry their hand bags everywhere so I always call them my “little handbags”..lol
I will say the only way is to keep going, take it a day at a time and stay focused on your goals too, that way you don’t easily give up when you are stressed. Asking for help or relying on nannies does not make you less of a mother.


Most stressful day in your life as a mompreneurhmmmmmm as for this one I will never forget. I took on a freelance writing gig on an area I had no idea on. Charley I read and researched but still! And the thing too was that I had already accepted the project. I wanted to give it back. I would spend hours drafting just a sentence. The time I had in between dropping my son off and picking both of them from school at the end of the day suddenly felt like a second. I couldn’t sleep and when I eventually made it through, that was the most exciting day of my life! 
Lesson: Next time I will assess the challenges well before I decide to take it on. lol


Your favourite quote
Let me focus on these two  🙂
You should try it out, you will never know what may come out of it!
Once there is life, there is hope!

Hobbies 

I love to watch movies, listen to music, go sightseeing and crafting.

Advice for a young entrepreneur

Entrepreneurship is not an easy journey. It has its ups and downs and without passion and focus you can easily lose hope during the low moments.As for money, its great to have it but when money is the sole focus of your business then I doubt the business will be sustainable.


If you came into this world as an animal, which animal would you be?

It will certainly be a cat! A cat, because they appear gentle and sweet but when you come attacking them they will certainly fight back!

To learn more about what Opie does, get in touch with through her IG page, her  website or through email at omtsdigest@gmail.com.

Now to our collaboration! We are having a Mompreneurship session for Moms in Business. We would love you to fill a form using  this link with topics of interest! We look forward to having conversaitons on Motherhood and entrepreneurship with you.

 Wemompreneurs is an online community for Moms in Business that is set out to inspire, motivate and celebrate mother sin buisness. We are also set out to provide relevant informaiton in relation to business to these women all around the world. We would love to share your Mompreneur story with us, reach us throough wemompreneurs@gmail.com

‘Mompreneurship’…more than a sisterhood

by with No Comment BusinessOpinions

One thing that binds mompreneurs together is how we easily understand one another and share similar experiences. Who is a mompreneur? She’s simply a superwoman who balances running her own business with motherhood. More mompreneurs are coming up every day and supporting one another is one major way of making the mompreneur journey easier and more fulfilling. Every mompreneur needs a support system of kindred women, and today, especially in a time of social distancing, isolation etc. we share a few ways by which we as mompreneurs can support one another.

  • Be open and ready to learn from others

 

There are many mompreneurs who are ready to share their experiences and give advice, and thankfully social media has made it easier to do so. Sometimes, experience isn’t the best teacher…we can also learn from others so we can handle things better or not make the same mistakes. Just as we learn from others, we should also be willing to share our experiences with fellow mompreneurs, so they are reminded that they are not alone.

 

  • Support groups

Ever heard the song “bind us together with cords that cannot be broken”? Yep, as mompreneurs, we can also stand together by forming support groups that will build the foundation for lifelong friendships and networks that will be there throughout the mompreneur journey. There are a couple of mompreneur support groups (including ours), but hey, if you know a few mompreneurs as well, you could also try forming a small group via WhatsApp etc., where you could have weekly virtual meetings. This could be a place to vent, share ideas and encourage one another.

 

  • Referrals

Word-of-mouth often goes a long way! Do you know a mompreneur who has started a business and has so much to offer? You could also support by telling others about it, so they could patronize their products and services. Not only will this bring them some revenue, but also encourage them to keep going.

 

  • Comment, like, share, participate

Sometimes, the support is in the little things. Have you seen a mompreneur’s post that inspired you or that you learnt from? You could share it with others so they could also be inspired. Or perhaps you saw an encouraging quote you felt other mompreneurs may need to see. You can also tag them to let them know you’re thinking of them. Even if it’s just liking a post or commenting to show that you see them and believe in what they do, that alone could put a smile on a mompreneur’s face and give her the push she needs.

 

We need one another and can only be stronger together! Do you know any mompreneur? Don’t hesitate to encourage her today. Here’s to many more successes together!

Written by : Nana Boatemaa

Winning Against all odds in the Real Estate Industry – Amorina Raad

by with No Comment BusinessFeatured Moms

Today our Spotlight lands on an amazing Mama in the real estate industry. She started her own Real Estate company amidst all the discouragement when she decided to invest in there. She has been running her own business for the past nine years now.
Enjoy the read as she shares her story with us on how she transitioned from an employee to run her own real estate company.

I am Amorina Raad , mother of an amazing young boy and the Principal CEO of Home Style Realty Ghana. I started my first job with a Real Estate company, with no clue in that industry, I took on the job and decided to learn on the job. As I worked in the industry, I found myself falling in love with it, and started to get curious on the other aspects of real estate. Having worked there for a year, I decided to start my own real estate company and to explore the options.

I started my company with practically nothing. All I had was complimentary cards, a taxi driver and the zeal to succeed.
It wasn’t easy initially, as I was discouraged that real estate agency was not that lucrative.
Being a young lady like myself they didn’t see how I would survive in such an industry mainly dominated by men who were also trying to gain their feet in there . It was devastating to hear my dreams being crushed, I mean, they made valid points but that was not going to deter me. I set out to make a difference against all odds.

I moved from one development to the other trying to gain their trust in order to sell their property.
I had to work twice as hard to gain a potential clients .Overtime I built my portfolio and earned the trust of my clients.

Being a mom has been one of the most challenging things I have ever had to do, especially juggling the time I spend with my son and the business as it feels like I have two babies that need attention.
With the help of God and family, I have been able to schedule my time close early from work or have family take care of him when meetings have to run late or cannot be rescheduled in order to give my son the best.Reach her on +233 24 566 1464.
IG: @home_style_realty
Website: www.home-style-realty.business.site.
#realestate
#womenweadmire
#momcommunity

Meet the Women Shaping the Ghanaian Production of PPEs

by with No Comment BusinessFashionFeatured Moms

The coronavirus has posed some problems for our nation, including closing of borders, limited supply of protective wear etc. But just as they say there’s a silver lining in every cloud, this pandemic has brought to the fore the creativity of some Ghanaian women; four of them being selected by government to produce Personal Protective Equipment (PPEs) for frontline health workers amid the Covid-19 pandemic.

These women are:

  • Nora Bannerman, founder of Sleek Garments Export Ltd and MD of the Africa Sleek Institute of Creativity and Technology; whose businesses have employed over 120 people to produce quality clothes to be sold internationally.
  • Adjo Asare, CEO of Alfie Designs, who makes use of manufacturing and ethical fashion as a means of creating job opportunities and improving the lives of women and girls in her community.
  • Linda Ampah, a Ghanaian fashion designer who through her passion has shared Africa’s  prints with the world and has a desire to help empower women throughout Ghana.
  • Madam Salma Salifu, a Ghanaian businesswoman and the Managing Director of Dignity DTRT, a garment factory in Ghana which employs over 1500 workers and is located in capital city Accra,  Ghana.

The amazing thing about the stories of these women is how they turned their factories into a production house for Personal Protective Equipment (PPEs), to meet the demand for frontline health workers who are overwhelmed with fighting the virus and need as much basic protective gear as possible.

Let’s get to know these women, shall we?

Nora Bannerman

With a background in fashion, Nora is passionate about local businesses and has played a key role in the Ghanaian clothing and textile industry. Her company, Sleek Garments Export Ltd, is popularly known for exporting about 75,000 men’s shirts to the US under the African Growth and Opportunities Act (AGOA) and has been described as one of the success stories of this Act established in the US in 2000. Her business has promoted the beauty of items Made-in-Ghana and she has had the opportunity to showcase her works on fashion platforms in different countries such as France and the US.

Every success story of course has a beginning, and Nora’s began with her mother’s sewing machine.  As her passion grew over the years, she worked with determination to develop her gift to make an impact and become a solid business, which she now runs with her daughter.

She loves to organize skill development courses for young and especially needy women, to equip them with skills to thrive in the fashion industry or go a step further to start their own businesses. She played a pivotal role in placing Ghana on the AGOA map to enable the nation export over 6,000 products to the US without duties.

Her business, Sleek Garments, now manufactures PPEs for Ghana including surgical gowns, 2 ply masks for medical personnel, scrubs, doctors’ coats, and reusable masks for public use, approved by the FDA. Locate Sleek Garments inside 47 Kwame Nkrumah Avenue, Ghana. Visit their website on www.sleekgarments.com

Adjo Asare

Adjo Asare is the face behind the brand Alfie Designs, based in Accra, Ghana. Through the manufacturing of clothes and  fashion, Alfie designs has created employment and has helped to improve the livelihoods of women and girls whilst  putting Ghana on the map in terms of African fashion.

According to Adjo,  her mother started Alfie Designs and through her hard work, put her children through school all the way to the tertiary level. Adjo started the fashion school in 2016 to enable her support other young women so they can also make a difference in the lives of of their families.

Adjo believes every individual needs to do what their passionate about, so that during times when it seems like things are not working out, one knows what’s motivating them to push ahead in order to suceed and realize their dreams. Alfie Designs is located at Awudome Estate Kaneshie – Accra and can be contacted on +233 244 208778.

Linda Ampah

Cadling Fashions started with Linda Ampah, a Ghanaian based fashion designer who had a passion to share the African print with the world and the passion to empower women throughout Ghana. Overtime she has transformed her small tailoring shop into a global brand which is still known for producing quality and one of a kind garments.

Her clothing line offers a wide range of unique outfits to suit both the sophisticated and modest woman’s taste and provides custom-made clothing. The fashion house has also expanded their production capacity in order to mass produce for other designers and companies.

Their clothing line gained more popularity after one of its masterpieces was worn by former United States’ First Lady, Michelle Obama when she visited South Africa.

To learn more about Cadling Fashions call or WhatsApp:+233272460825 Call:+13013321931  or visit their website www.cadlingfashions.com

 

Salma Salifu

Salma Salifu is a Ghanaian businesswoman and the Managing Director of Dignity DTRT, a garment factory in Ghana which employs over 1500 workers and is located in the capital city Accra,  Ghana.

The fashion house bridges the gap between what global buyers need and what Africa has to offer. They also offer customers a one-stop solution, delivering high quality products at extremely competitive pricing.

For more details on Dignity DTRT visit their website http www.dtrtapparel.com

Its encouraging to see how these women have nurtured their companies and contributing to the growth of the country through employment of staff and also coming through for us as a country during these times.

We say Ayeeko!

 

References

http://www.dtrtapparel.com/contact

https://www.usadf.gov/blog/2019/10/8/meet-the-young-woman-making-ethical-manufacturing-fashionable-in-ghana

https://cadlingfashions.com/

https://www.graphic.com.gh/business/business-news/cadling-fashions-ceo-points-youth-to-fashion-based-jobs.html

https://live.worldbank.org/experts/nora-bannerman-abbot

5 handy financial tips for today’s mompreneur

by with No Comment Business

Balancing motherhood with running your own business can take a toll on your pocket if finances are not managed effectively. How do you clearly set the difference between domestic finances and finances for your business and stay on top of your financial game? Here are a few tips that could come in handy…

  • Set goals and have priorities

The first step in any financial journey is to sit down and reflect on your financial activities or spending habits and the progress you would like to make financially. Having this in mind will help you to set goals that are realistic, time-bound and measurable, such as saving x amount of money by within the next two years. This helps you to stay focused and organized in working towards your financial goals and keeps you from making the same financial mistakes.

 

  • Have a budget

Keeping track of your finances will seem less cluttered if you have a financial plan or budget. This will help you identify which areas take up most of your finances and to clearly determine what amount goes into which activity. Having a budget also sets a limit which guides you in knowing when to spend and when to let it go. As a result, your costs are minimized, and expenses are better managed.

 

  • Invest

Little drops of water really do make a mighty ocean. Putting aside some money to save after expenses can be quite difficult but proves to be worth it in the long run. Although saving some money in the bank is one of the best financial ways to go, it also helps to have your money “working for you” by having an investment account or investing in shares and treasury bills. It’s advisable to pay attention to the interest rates as well as the reputation of these shares or investment banks before investing in order to reduce risk as much as possible. Every little bit helps in investing as it yields some financial returns in the long run. Who knows, that could even be the capital you need to start your next business. Start as early as you can, as it’s never too early!

 

  • Have an emergency fund

Now this is different from investing and is more focused on having something to fall back on in case your business for example runs into some unforeseen circumstances. This is especially handy for small businesses as sometimes profit may be far less than expenses in the beginning. The emergency fund could be a percentage, no matter how small, of the money you make from each business transaction, to help ensure that your money does not run out before you know it; and to prevent you from being in a tight spot should any emergency arise.

 

  • Make use of financial tools

The good news is you never have to face all the figures alone. Thankfully there are several financial tools and apps like QuickBooks, that make financial activities such as bookkeeping easier and more effective. If you need to issue an invoice or receipt for a transaction, there are also simple templates in Microsoft Word that makes the task simpler. We are also in the age of online banking, where you can easily check your account balances and make transfers without making the trip to the bank.

 

Keeping track of all these financial numbers can be quite overwhelming, but remember, there is a whole community of mompreneurs out there making a difference, just like you! Here are a some more practical financial tips from some mompreneurs who share a bit of their financial journey…

https://heymama.co/planning-your-2019-budget-4-mompreneurs-share-their-financial-advice-for-the-year-ahead/