For many women the thought of squeezing back in to your corporate gear, and commuting in to the city all while trying to wrangle a baby into day care can be too much to bear. The rise of the “Mumpreneur’ is one way that many women are trying to strike a balance between being present for their family, and having a professional life outside the home.
[mobile_add addrotate_number="72"]For many mothers of young children, the benefits of working from home far outweigh the struggles of negotiating flexible work arrangements, finding childcare, trying to do a full time role in three days or trying to hold on to your hard-earned and challenging position that you had before you had your baby. Setting up a business at home cancels all this out.
You can work when you want to work, manage your workload around your family and still earn a living. You can opt for a complete career change, as many careers just aren’t compatible with family life.
These are just the tip of the iceberg – the opportunities are endless, but there are other things to consider outside the ‘work-life-balance’ quest.
It can take time to build up a client-base so it may take several months (or more) before you earn any money. It is also likely you will earn less as a salaried employee, and you need to keep in mind that there is no paid holiday or sick leave – if you don’t work, you don’t get paid.
Superannuation is also a consideration as many people who work for themselves don’t contribute to their Super, simply because they can’t afford to.
Research has shown that employers perceive time spent as ‘self-employed’ the same way as they perceive periods of unemployment, so it’s not looked on favourably by potential employers.
Re-entering the workforce after a period of being self-employed often resulted in women being paid less than other employees, relative to the amount of experience they had.
So there are pros and cons to both, but working for yourself can be a great option if you are torn between having a career and spending more time at home.