Print Email RSS DIGG del.icio.us Stumble It!

The Modern Mompreneur: Can I Really Make Money At This?

What's My Investment?

Making money means bringing in enough dollars so there's something left over after your business expenses each month. So you must know what you will need to run your business and how much it will cost. Think about supplies, website hosting, business cards, travel, outside vendors, bank fees. "Did you really ever think about how much paper clips or manila folders cost?" says Pamela Slim. "How about a desk, no-glare monitor or printer toner? All of a sudden you will become aware of all the 'hidden' expenses when you have to do it all yourself." Keep in mind that these expenses will change as your business grows. You might take on an assistant or hire out some of the work you started out doing on your own. It helps to look down the road at where you business might be in 6 or 7 years so you can properly prepare.

That should be enough to get you going. Once you've done all this research, you'll have the answers you need to move forward in your business with confidence. And I think you'll find that, both now and in the future, confidence will be your most valuable asset.

Sophfronia Scott is executive editor of The Done For You Writing & Publishing Company. After 15 years at Time Inc., she left the corporate world to start her own business helping aspiring authors to write and publish their first books. You can learn more about her work at www.TheBookSistah.com.

Have a question for Sophronia? Email her at

Votes: 10

5 4 3 2 1  

Related Articles

• Survey: Women Spend More Time with Computers than Significant Others
• Bottles to Boardrooms: Transitioning Back to Work After Leave
• Getting Back on the Career Track

Comments