due_logo
Search
Close this search box.
Blog » Business Tips » How to Balance Entrepreneurship and Being a Parent

How to Balance Entrepreneurship and Being a Parent

Updated on January 17th, 2022
Balance Work and Family

Running a business requires a lot of time, effort, and persistence. With that being said, so does being a parent. Establishing a successful business that supports your family may be a goal of yours, but it can also take you away from your family which can impact your parenting efforts.

Finding a healthy balance between actively running your business and being an attentive and involved parent can be a challenge, but there are plenty of hours in a day to master both important areas of your life. Here are a few tips to take into consideration.

Work Around Your Child’s Schedule

Working around your child’s schedule is one of the best ways to knock out tasks you need to complete uninterrupted while your kids are busy as well. Depending on how old your kids are, their needs may vary. A toddler will probably need more attention and care than a school-aged child.

I know some parents who wake up early to work before their kids wake up, or put their kids to bed early so they can knock out some work at night. Since my son in grade school, I try to complete the bulk of my work (if not all of it) while he is in school so I can give him my undivided attention when he gets home.

When you work for yourself, you have the freedom to create a flexible schedule that suits your needs and the needs of your family.

Disconnect During Family Time

There’s no experience that can compare to bonding with your kids. However, family time becomes less enjoyable when you or your spouse are glued to your work while everyone is trying to spend quality time together.

I know it can be tempting to check your email when you’re watching a family movie. Trust me when I say that they’ll notice how connected you are to your devices rather than them.

Even small children pick up on everything. When my son has basketball practice, I’ve felt tempted to bring my laptop and catch up on work. However, sometimes I’ve noticed he looks over at me to see if I’m watching him; especially when he makes a shot.

That made me realize that I didn’t want him to remember mom always on her laptop or phone. Because of that, I work very efficiently during the time I have so I can disconnect when the time comes.

Consider Outsourcing Some Tasks

If your work responsibilities are tearing you away from spending precious time with your kids, consider outsourcing some tasks to lighten your workload. Sometimes it’s worth it to buy back your time so you can do other things.

You can even outsource other things or plan ahead to make more time to be involved with your kids. I split a lot of household tasks with my husband so that burden isn’t just on one person. I cook meals in bulk so I’m not cooking dinner each night when I could be out with my kids.

Summary: Optimize Your Time and Resources

One thing that parenthood and entrepreneurship have in common is that no two days are ever the same. While it’s important to create a schedule you can stick to, unexpected things are bound to happen.

The key is to optimize your time and accept help when you need it. Outsource time-consuming tasks and even start small so you don’t go over budget. Disconnect when it’s most important, and power through your work when it’s time to give it 100%.

Choncé Maddox

Choncé Maddox

Choncé Maddox is a debt expert. She helps ambitious millennials and Generation Z get our of the mounds of debt they are in following college. In 2015 she realized she couldn’t afford to do her own laundry, she was so broke. She had to make a change. Over the next three years she personally tackled $50,000 in debt and became debt free. She teaches others her passion since.

About Due

Due makes it easier to retire on your terms. We give you a realistic view on exactly where you’re at financially so when you retire you know how much money you’ll get each month. Get started today.
Categories

Top Trending Posts

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More