Holly jolly

Working during the holidays can be exhilarating, but more often than not, it’s also stressful, tiring and overwhelming. If you find yourself constantly overbooked or doing more than you should to make sure the holidays are perfect, it’s time to get some perspective and say no to some things so you can enjoy the holidays and your family more fully. Here are three tips on how to balance work and the holidays so you can create a less stressful holiday season and still achieve all your holiday goals.

1) Prioritize

Create two lists: one list of things you have to get done such as work tasks and a list of things you want to do such as creating crafts with your kiddos. Prioritize these based on your schedule. Now, we aren’t saying you have to give up one to do the other, but it does help to write it all down on a calendar so you can figure out what to do. For example, if you need to make cookies or wrap gifts this week then plan accordingly. If time permits and you are looking forward to making those items, that’s awesome! Give yourself permission to go back and forth between the different lists; if there is time left over at the end of the day then feel free to jump into wants from have-to without guilt. This method helps cut down on holiday stress which means more quality time with family during December!

2) Set Boundaries

We are all guilty of overbooking ourselves and over committing to work projects and holiday parties. If you find yourself in this position, it’s okay to say no to some things so you can focus on being with family and friends during the holidays. Be proactive and communicate your boundaries to others. There is nothing wrong with turning down projects or events when they conflict with important time off during the holidays.

What if I have already agreed to do something? As difficult as it might be, if there are conflicts between obligations that have already been agreed upon, then talk them out openly. If a project is too much work without having time for family or if a party will be too much without also having time for self-care, then there is not enough room in your schedule and you need to let go or renegotiate expectations. You’re not obligated; you’re choosing what matters most to you.

3) Simplify

Work and family should be able to co-exist, but this is easier said than done. The holidays are a time of celebration and togetherness, but it can be difficult to balance work obligations with spending quality time with your loved ones. Sometimes it helps to just simplify your schedule and what you want to do. Do you want to spend the time solely with family? Take off work. Do you want to get a couple of extra work projects done before the end of the year? Block off time where you will only be doing that and nothing else. Just remember, keep things simple and whatever you do not need to do, don’t do it! Save it until next year! And remember, don’t stress yourself out because you do not want to fall ill. Take time for yourself to rest and relax too. 

How do you stay stress free with work and family during the holiday season? Let us know!

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Five Terrific Jobs for Moms

As a mom, you may want or need to work outside of the home. While you may be qualified for all sorts of positions, you are hoping to find one that gives you the ability to bring in some much-needed income while still having enough flexibility to be there for your kids when they need you — and even when they don’t. With this in mind, the following five jobs for moms are ideal for those who would prefer not to work a typical 9 to 5 schedule:

Real estate agent

Real estate agents usually set their own hours, but they also work some odd times like on weekends and nights, SheKnows notes. If your spouse works a traditional schedule, this can be an ideal situation because chances are good at least one of you will always be home with the kiddos and you won’t have to spend some of your hard-earned money on daycare. Some Realtor moms just list a couple houses at a time, so that they can still devote a lot of their days to their family.

Small business owner

Do your friends freak out when they see the gorgeous postcard-worthy photos you post on Facebook? Are your cupcakes or cinnamon rolls legendary in your neighborhood? It may be possible to turn your talent into a money-making venture by opening up a small business right from home. You can set up a website that sells your products or services, and spread the word via social media and word of mouth that you are now available to shoot family portraits, or pet sit, or cater birthday parties. If you are super crafty, you might also find that a website like Etsy is a terrific place to open your own store on the Internet.

Insurance agent

The insurance industry is great for moms who want to telecommute. Many different companies have jobs that allow people to work from home. Insurance agents also tend to have an entrepreneurial spirit that can be very appealing to moms who are also looking for some freedom in their schedules. Lead aggregation services like Quote Wizard enable moms to pursue life insurance business opportunities in between dropping the kids off and picking them up from school.

School teacher

As Business News Daily notes, working at a school is the perfect way for a mom to be on the same schedule as her kids. In an ideal world, you might also be able to find a position at the same school your kids attend. If you do not want to work as a teacher, there are still plenty of other openings in schools that are ideal for moms; these include working in the school’s library, being a lunchroom and playground aide, assisting in the front office, and being a teacher’s assistant.

Pharmacist

Careers in the pharmaceutical industry can be ideal for working moms who are looking for job flexibility. As Forbes notes, the positions offer an outstanding balance between working and home life, and they typically offer a great salary and benefits.

These are just a few flexible jobs for moms seeking something different than the corporate world.

Check out these other great articles about home-based jobs as a work from home professional. Also check out our home-based job descriptions and current job postings for mom professionals.

 

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Manage Your Image Prior to the Big Job Interview

Not that long ago, employers relied on interviews, reference checks and resumes to determine whether or not they wanted to hire someone. These days, business owners use a variety of other methods to decide if someone is hire-worthy. Some business owners will look into your background as part of the screening process; this may include asking you information about your educational background, any criminal records, your financial history, and the way in which you use social media, the U.S. Equal Employment Opportunity Commission notes. Potential employers may also do a background check, which can include looking up a credit report and any past criminal activity, and they will probably spend some time online learning what they can about you and your activities.

Here are some interview tips to prepare for the background screening and help ensure that your image is as upstanding, responsible and professional as possible.

Research yourself

Since employers often use a search engine like Google to learn more about you, beat them to the proverbial punch and research yourself, Lifehacker suggests. Hopefully what pops up will be a pretty accurate representation of who you are, including recent achievements and awards, articles that may have mentioned your name, and social media profiles. If your name is fairly common or if you are in the unfortunate situation where your name is the same or close to some notorious individual, you may want to go ahead and mention this during the interview. You could even add links and URLs to accurate articles about you to your resume.

Make sure your driving record is spotless — or close to it

Many employers will want or even require that you have a clean driving record. In addition to being a good indicator of responsibility and competency, a lack of tickets and other moving violations can show your future boss that you are capable of good decision making. Of course, this is especially important if the job involves any kind of driving. If your license has expired or if you have recently moved to a new state and you have not been down to the MVD yet, do everything you can before your interview to make sure your driving records are up-to-date. For example, if you just moved and you need to get your driver’s license, you can prepare for your exam by taking the permit practice test online at DrivingTests.org.

Clean up your social media act

Chances are good the person who will be interviewing you will look you up on social media sites. Take the time and go through all of your pages and remove anything that might be remotely questionable. This includes those fun pictures taken of you at that party on your Facebook page — you may not have been doing anything wrong, but it’s probably best to err on the side of caution.

Also, as Wisconsin Job Center notes, never speak poorly of your last boss in a job interview. If you ever did any complaining about your job, boss or co-workers on social media sites, take those comments off, pronto. Assume that your potential future boss will scroll through some of your Tweets, so go back and remove any that make you look less than positive. In addition, if you have a page on LinkedIn, make sure your profile is up to date with your latest job history and references.

Take these interview tips to heart — do anything you can to make sure that whatever someone learns about you online will increase, and not decrease, your chances of being hired.

Check out these other great articles about job search tips as a work from home professional. Also check out our current job postings for mom professionals.

 

 

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Conquer Career Goals with an Online Education Program

The job market can be tough. Recent college graduates are struggling to find work just as much as older, more experienced individuals. That philosophy degree may have seemed like a great idea when you were in college, but now, after starting a family and taking time off, it may feel like an unwise decision. If you have taken a break from the workplace in recent years, it can be difficult to stay relevant in the current hiring market.

We have some great work from home career ideas that you can adopt today. Mentoring, volunteering, and internships are great first steps towards a new career. Here are a few tips to get started!

Start by Volunteering

If you are curious about the opportunities out there, look into volunteer programs in your area. Sign up for websites like Volunteermatch.org to find local opportunities that meet your interests. Volunteer Match notifies users about opportunities with organizations that are associated with advocacy and human rights, art and culture, animals, and board development. Through volunteer work you may discover a career path to pursue outside of your degree. You can also look at community bulletin boards in your area to see what other volunteer opportunities are in your area.

Become a Mentor

If you’ve ever considered mentoring others, Mentoring.org is a great resource that helps you locate mentoring programs in your area or start one of your own. It’s as easy as entering in your zip code to get started. Once you enter your zip code, a list of organizations will be provided, along with the program type and the age group being assisted. Opportunities vary from helping homeless youth, to free arts programs, to providing families from reservations health services and a safe place to stay.

Participate in an Internship

Another way to explore career options outside of your degree is through internship programs. Most job sites post internships along with job listings which makes them easy to find. Internships will give you immersion into the workplace, offer new skills, and help you network within any industry. Through an internship programs you may find what interests you most and decide what to pursue further.

Go Back to School

If volunteering and internship programs help you find the career path of your dreams, consider going back to school. With the ease and availability of technology today, quality education programs are at your fingertips. There are many online certification programs out there that can help you get an edge on the competition. In 2011, 65 percent of students had taken online courses and 89 percent of four-year universities were already offering online courses to their students. These numbers have continued to grow as more individuals are recognizing the benefits and convenience of online courses.

Worried you don’t have the time? It can be hard to juggle the responsibilities of running the household, taking care of the kids, and all that comes with it. You may not have the time to go sit in a classroom three days a week, but with online programs, you can make your own schedule and do your assignments at home. It is that easy!

If you have ever considered going into medicine, now is the time. Health care students no longer have to go back to medical school to learn the skills required for jobs in various health care-related professions. Eight years in medical school and hundreds of thousands of dollars in student loans is no longer required to get going in the medical and health care fields. Unlike many industries today, the health care field is always growing and looking for driven, smart workers. College Online’s health and medical degrees include medicine and nursing programs with certification courses in health care administration, therapy, counseling, nursing, pharmacy and more.

Be proactive. Use these creative work from home career ideas to take the necessary steps to get the education you deserve and the career you want.

Check out these other great articles about continuing education as a work from home professional. Also check out our current job postings for mom professionals.

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Maintain Your Home-Based Business & Your Sanity During the Holidays

As a mom and home-based business owner, you probably feel like one of those circus performers who can keep a dozen plates spinning on sticks all at once. It can be challenging from day to day, but most of the time you are pretty good at keeping your plates in the air. However, add the upcoming holiday season to the mix—which, of course, includes shopping, decorating, incoming guests and kids bouncing off the walls with anticipation—and it might seem like those carefully balanced plates will all come crashing down.

Fortunately, we have some work life balance tips to help. With some planning and preparation, you can make it to 2015 without losing your business or your sanity.

Adjust Your Schedule and Your Expectations

Accept the fact that your usual schedule will be disrupted for awhile. Once you’ve accepted this, look for pockets of time during the day and night to fit in shorter spurts of work. For example, if your kids are watching “How the Grinch Stole Christmas” for the thousandth time and dinner’s in the oven, head to your computer and knock out some emails or invoices. If you are an early bird, set your alarm an hour or so earlier and try to crank out some work before the kids and company get up. If you are more of a night owl, work a little after the kids go to sleep to catch up on some of your projects.

Prioritize and Push Back

Schedule some specific times and activities with your family and guests during the holiday season, and post the calendar in a place where everyone can see it. Whenever possible, schedule things to do during the times when you wouldn’t normally be working anyway—that way, you won’t feel as stressed out about missing work time, and you can really focus on your kids. You could swing by your local coffee shop for hot cocoas to go, and then drive around your neighborhood looking at lights.

Also, try to push back at least some of your work and deadlines into January. Chances are good that many of your clients are also trying to juggle their lives and the holiday season, so depending on what type of at-home work you do, it may be possible to reschedule at least some of it until early 2015.

Shop Online

If your to-do list is already three pages long, you might wonder how you’ll find time to get to the mall to shop. You don’t have to fight the crowds and parking lots to get toys and gifts for everyone on your “Nice” list. Pour yourself a cup of coffee or a glass of wine, put on your comfy flannel jammies, and when the kids are asleep, take care of your holiday shopping online. Walmart always has some great Black Friday deals and it seems like every online retailer offers shipping deals this time of year. If you are planning on sending out holiday cards, you can also upload photos to sites like Snapfish or Shutterfly and order them from there.

With these work life balance tips, you will be able to skate through the holidays having a fun and relaxing time with your family.

Check out these other great articles about productivity / time management as a work from home professional. Also check out our current job postings for mom professionals.

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4 Great Apps Every WAHM Needs in 2015

Not that long ago, work-at-home-moms relied on giant wall calendars, fax machines, decent computers and plenty of caffeine to get in a full day of productivity. Now, working at home means having a handful of the best devices and dozens of organizational apps that reach across your computers, tablets and smartphones. WAHMs keep discovering ways to stay on top of both work and family commitments—caffeine still required, of course—so there’s no excuse for not using them.

The following four work from home apps are perfect work-at-home-moms who are ready to start 2015 with a boost in digital organization.

Evernote

Being a WAHM involves lists—lots and lots of lists. Thanks to Evernote, WAHMs can access to-do lists, notes, schedules and all of the other mom stuff from any smart device. Evernote allows users to manage expenses, including those omnipresent piles of bills, receipts and invoices, and it can even help plan a trip to see the in-laws next summer. Available on both Android and iOS, the basic Evernote app is free, and upgraded versions with more bells and whistles can be purchased. Plus, since it is available for all devices, anything done on one device can then be accessed on another simply through the app.

Imagine that: she can be in line at the grocery store and planning an upcoming project on the new iPhone 6 Plus, Samsung Galaxy S4 or Windows phone she got over the holidays, and in the afternoon, she can continue planning from a tablet or laptop while she’s using her phone to schedule dentist appointments.

Dropbox

When it comes to must-have apps for WAHMs, Dropbox is definitely top pick. This amazing and innovative program lets users upload important work files, photos and documents and then share them easily with co-workers, employers, clients and more. Everyone who signs up for Dropbox automatically gets 2GB of space for free, and the app can be accessed from computers, tablets and mobile phones. Because who has the time to sift through piles of paper?

Google Calendar

For WAHMs who have relied on a huge white board calendar with different colored dry erase markers, Google Calendar is a terrific replacement. The Android app has more than 132,000 5-star ratings and allows busy work-at-home-moms to see daily, weekly and monthly schedules all in one easy to read place, and even includes maps to where they might be going to a meeting with a client, or to drop off their son or daughter for band practice. Once reservations are made for date night with hubby at a local restaurant or trip plans are finalized, they will be added to the calendar automatically through Gmail. The app also allows WAHMs to flip back and forth between different types of calendars including daily or several days at once.

Cozi Family Organizer

The Cozi Family Organizer has an average rating of 4.5 stars from more than 30,000 reviewers, and for good reason. The free app was winner of the Appy Award for the Best Family App and the BMA Gold for Best Mobile Calendar. This awesome program features a color-coded calendar that a WAHM can use to expertly keep tabs on her kiddos’ play dates alongside her own upcoming work deadlines, to-do lists and shopping lists. Just give each child or task a color and see at a glance what “teal Tommy” or “red Rachel” will be doing that day. For those who wish to do away with the ads that are part of the free version, they can upgrade for $29.99 to a premium version with additional features called Cozi Gold.

Let us know more work from home apps that you find useful in your home-based business. We are always looking for ways to make our workday more productive.

Check out these other great articles about productivity / time management as a work from home professional. Also check out our current job postings for mom professionals.

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Take Your Work-at-Home Productivity to New Levels

Have you ever asked yourself? “How productive am I? Am I using my time wisely to get the most accomplished in the time I am working? Where is my time going?” All these questions deal with work-at-home productivity.

Working at home is often seen as a luxury to many moms. It is the best of both worlds. You still get to work and earn an income but you do not have to sacrifice your family time to do it. Many moms have made the transition, and many more are in the process of making the transition. The downfall is that many inexperienced business moms lose of a lot of time, money and energy in the process due to inefficiency and inexperience.

Causes for Loss of Productivity

Unprepared for the journey ahead of them, the following daily occurrences often cause a loss in productivity while working from home:

  • Personal phone calls,
  • Emails coming in,
  • Children and infant responsibilities interrupting schedules,
  • Neighbors knocking on the door,
  • Fly-by-the-seat-of-your-pants mentality,
  • Lack of organization and planning,
  • Unfinished household chores creating an eyesore to your peripheral vision, and much, much, more.

I believe my success, like other thriving home-based working moms, lies in mastering my own System. If you don’t have a structured system laying the foundation of your at home business; your productivity and profitability are at stake.

Ask yourself:

  • What systems do I have in place to organize my business and personal life?
  • What daily routines do I need to ensure are done?
  • Do I have reliable child care arrangements?
  • Do I have any weekly assignments, tasks or chores that I need to plan for?
  • What are my monthly to-dos and when should I schedule them?

How to Be Productive at Home

Setting your system can be as easy as:

  • Checking emails only twice a day, or during particular hours of each day.
  • Allowing voicemail to pick up your personal calls and kindly asking your neighbors to come back when you are finished with your work day,
  • Setting a work schedule and working solely on your business while your children are tended to and not on household chores.
  • Picking one day a week for laundry and ironing, or running business errands out of the house.
  • Taking advantage of weekday shopping while traffic and crowds are at a minimum.
  • Sending monthly invoices and accounts payables on one particular date each month.
  • Establishing an annual calendar based on your anniversary date, to review and report your progress, and find ways to improve your weak areas.

While working at home does give you lots of flexibility, you do still have to know your limitations and when to simply say “no”. Let go of the guilt and know that you cannot possibly do everything. Whether you need to hire a housekeeper, order take out or say no to a volunteer request, know that you are doing what’s best for you and your family but not overextending yourself and putting unnecessary burdens and expectations on yourself.

Create Necessary Boundaries and Stick to Them

Remember: profitability is only one sign of your business success.

Success lies more in your work-at-home productivity, because it ensures all your roles as a home-based working mom are met.

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Lesley Pyle is the founder and president of HBWM.com Inc. which includes the national association of Home-Based Working Moms helping moms network, learn and grow in their role as a Home-Based Working Mom and HireMyMom.com connecting at-home Mom Professionals with home-based jobs and projects in virtually every career field. Pyle has been featured in numerous publications including Forbes, Entrepreneur, Wall Street Journal, USA Today, Home Office Computing, and many others. Twitter @lesleypyle and @hiremymom

Check out these other great articles about productivity / time management as a work from home professional. Also check out our current job postings for mom professionals.

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Tips From Fellow Moms On Working From Home This Summer With Kids

Working from home has its benefits: from setting your own schedule to spending more time with your kiddos, remote work provides opportunities never before seen in the workplace. However, those opportunities might become a little more challenging during the summer because the kids are out of school…and with you 24/7! Trying to focus on work while ensuring your children are happy, healthy, and entertained is more than just a full time job — it’s two full time jobs. 

That’s why we turned to our exclusive Facebook group and asked moms: how do you juggle work and spending time with your little ones during summertime? Our fellow moms provided some great tips that we will now share with you.

Establish A Daily Schedule

When the kids are in school, everything runs on a schedule. 6am wake up call. 8am start of school. 10am math class. 4pm school ends. 6pm sports. Although the children have free time within that schedule, there is still a schedule. During the summer, all of that goes away. This can lead to boredom for your child, and stress for yourself as your child looks to you for entertainment.

The lovely moms in our Facebook group suggest sticking to a daily routine. This does not have to look like the strict school schedule where every hour something is happening; instead, you can let your kids know that after they wake up, they have chores to do. Once those are done they can play games or with toys for an hour. After that they can go outside, to the pool or take a nap. The important part here is that kids know what to expect for the day ahead…and so do you! You can tailor your work schedule to this new summer routine so that both you and your children are happy. Additionally, while this helps you with your work schedule, it also helps the kiddos transition more smoothly back into the routine of school once the summer is over.

Leverage School Programs and Community Resources

We all know with kids that it takes a village! Use the resources available to you. This might look like finding a summer program from your child’s school that specializes in something they like to do such as theater camp. Or, your local community center might have ongoing enrichment programs they can attend. There are also general community events that are kid-friendly all across the United States that you can find by searching “event calendar in [your city]”. This will connect you with local calendars that can help you plan out your entire summer.  Some unique events we’ve attended that we recommend are church camps, tea parties in parks, and even butterfly festivals.

Turn Your Projects into Learning Opportunities for Your Kids

Kids are like sponges, and they love to soak up what their parents are doing. Your child sees you working from home, and they are often curious about what you do. They also love to help! Create a dedicated workspace for both you and your child. Perhaps for your kiddo you give them a fake keyboard to type on or a phone to answer. They can play along depending upon their age.

If they are older, get them involved in your work and give them a project. If you work in marketing, you can ask them to create a design for social media. They can do this digitally or on paper to be scanned. In fact, one of our own employees had their child make a logo which was scanned onto a computer, our employee added a little flair to it, and then sent it off to a company who chose to use it! As a bonus, our employee split the logo creation fee with their kiddo…who promptly turned around and spent it on ice cream.

Ask for Help

If you find that you are struggling this summer with work and kids, don’t be afraid to ask for help. You can ask for tips from other stay at home moms in our Facebook group, join a local mom group for help, or even just ask family and friends for their advice or maybe even their time to babysit a little. 

Working from home during summer break can be both fun and stressful. It helps to have a support system in place you can go to with questions, and it also helps to have a plan established ahead of time. Maybe as part of that daily schedule we talked about, the kids know every Tuesday they get to spend the day at grandma’s house so you can get some work done.

Did we miss a tip you think we should share? Reach out and tell us your secret to working from home during summertime!

 

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‘Tis the Season to Say No: 3 Tips for a Less Stressful Holiday

Working during the holidays can be exhilarating, but more often than not, it’s also stressful, tiring and overwhelming. If you find yourself constantly overbooked or doing more than you should to make sure the holidays are perfect, it’s time to get some perspective and say no to some things so you can enjoy the holidays and your family more fully. Here are three tips on how to balance work and the holidays so you can create a less stressful holiday season and still achieve all your holiday goals.

1) Prioritize

Create two lists: one list of things you have to get done such as work tasks and a list of things you want to do such as creating crafts with your kiddos. Prioritize these based on your schedule. Now, we aren’t saying you have to give up one to do the other, but it does help to write it all down on a calendar so you can figure out what to do. For example, if you need to make cookies or wrap gifts this week then plan accordingly. If time permits and you are looking forward to making those items, that’s awesome! Give yourself permission to go back and forth between the different lists; if there is time left over at the end of the day then feel free to jump into wants from have-to without guilt. This method helps cut down on holiday stress which means more quality time with family during December!

2) Set Boundaries

We are all guilty of overbooking ourselves and over committing to work projects and holiday parties. If you find yourself in this position, it’s okay to say no to some things so you can focus on being with family and friends during the holidays. Be proactive and communicate your boundaries to others. There is nothing wrong with turning down projects or events when they conflict with important time off during the holidays.

What if I have already agreed to do something? As difficult as it might be, if there are conflicts between obligations that have already been agreed upon, then talk them out openly. If a project is too much work without having time for family or if a party will be too much without also having time for self-care, then there is not enough room in your schedule and you need to let go or renegotiate expectations. You’re not obligated; you’re choosing what matters most to you.

3) Simplify

Work and family should be able to co-exist, but this is easier said than done. The holidays are a time of celebration and togetherness, but it can be difficult to balance work obligations with spending quality time with your loved ones. Sometimes it helps to just simplify your schedule and what you want to do. Do you want to spend the time solely with family? Take off work. Do you want to get a couple of extra work projects done before the end of the year? Block off time where you will only be doing that and nothing else. Just remember, keep things simple and whatever you do not need to do, don’t do it! Save it until next year! And remember, don’t stress yourself out because you do not want to fall ill. Take time for yourself to rest and relax too. 

How do you stay stress free with work and family during the holiday season? Let us know!

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7 Reasons to Set Up a Separate Bank Account for Your Home Business Income

Guest Contributor: Cristina Par

When you start a business from home, your priority will typically be to get it up and running so that you can serve those first customers successfully and start bringing in some money.

Unless you’re particularly well prepared, you probably choose to make use of your personal bank account to take payment for your products or services during this early phase. But eventually, opening a separate business account is a necessity.

To understand why, we’ll talk you through the main benefits that come with having a home business with its own, unique bank account.

Admin is easier

Arguably the top reason for having a bank account that you use for all of your business finances is that this makes it less of a pain to handle everyday administrative tasks, whether that’s calculating expenses, analyzing earnings or filling out your tax return.

If, on the other hand, all of your business transactions are mixed in with personal transactions, it’s a nightmare to unpick everything and keep track of figures. So from an organizational perspective, setting up a separate account is a no-brainer.

Customers will trust you

Home businesses can struggle to win over prospects for all sorts of reasons, and a lack of trust is likely to prevent people from making purchases in the first place, let alone returning in the future.

One red flag is if payments are made to a bank account that’s in your own name, rather than that of your company.

Choosing the likes of a SoFi online bank account will let you overcome this concern, and reassure customers that you’re a reputable operator, even if you’re very new on the scene.

Loan approval is more likely

When applying for a business loan, lots of factors are weighed up by lenders to decide if they should back your commercial endeavors.

Having a bank account for your up and coming company shows them that you mean business, and may even be an eligibility requirement, depending on the bank in question.

The same is true of applying for a business credit card; providers will be pleased to see a business account on your records, and will give you access to better deals as a result.

Credit score is calculated separately

Businesses and individuals have their own, distinct credit score. So if your own credit history is patchy and your score is low, this might stifle your ability to grow your business through loans.

With a business bank account, you’ll be starting afresh, and so you can build good credit here, improving the rates that you’re offered on loans and credit cards.

A separate payment card will be issued to make paying for business expenses a breeze

A business bank account is like a standard account in the sense that customers are entitled to use a payment card to carry out transactions, whether online, at bricks and mortar locations, or while paying independent contractors.

With this card you’ll be able to make sure that all of the money you spend on business expenses is channeled in the right way, linking back into the earlier mention of administrative convenience.

Business debts won’t be a burden on your personal finances

Just as your personal credit score doesn’t need to hamper your business borrowing options, so too any debt that’s attached to your business through your bank account and other financial activities won’t be something you’re liable for as an individual.

It’s this safety net that allows entrepreneurs to justify taking risks and pursuing innovations, without the fear that they’ll be financially ruined if things go south.

You’ll avoid the unseen restrictions of personal bank accounts

Most people don’t realize that their personal account is more tightly controlled than an equivalent business account, often for the simple reason that banks want to incentivize people who start their own companies to open new accounts with them.

For example, a personal account might have a cap on the number of transactions that can be carried out by the customer in a given period. Hit this, and you might be charged extra, or have your account activity limited. It could even be flagged as fraud, which puts more jobs on your plate.

A business bank account is designed with the needs of business users in mind, so annoyances like transaction limits will not get in the way of your day to day operations.

Wrapping up

Business bank accounts are there to serve you as you grow your home business, so it’s better to embrace one sooner rather than putting it off for any longer. If you’re serious about making your company work, you’ll need solid foundations like this to achieve your goals, and the process of finding the right business bank account is easier than you’d think.

 

Cristina Par is a content specialist with a passion for writing articles that bridge the gap between brands and their audiences. She believes that high-quality content plus the right link-building strategies

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