In recent years, family-first entrepreneurship has been on the rise, as parents prioritize their families while using their businesses to provide for them and create flexibility in their schedules. According to a National Women's Business Council study, 42% of U.S. entrepreneurs are women, and 70% of those women have children under 18. A report by the Global Entrepreneurship Monitor also found that three-quarters of entrepreneurs worldwide are family-owned and managed.
The COVID-19 pandemic has further boosted the rise of family-first entrepreneurship, with lockdowns and work postponements affecting families with children. Many parents have had to balance finances with homeschooling and caregiving responsibilities during the pandemic. Hence, they have turned to entrepreneurship to provide for their families while creating a more flexible schedule.
The Rainmaker Family is a leader in supporting entrepreneurs who prioritize their families, offering tools and resources to build thriving online brands while keeping their families as a top priority. Focused on Amazon FBA, their "Rainmaker Challenge" has helped thousands of mothers develop businesses that support their families without compromising their time with them.
The changing face of entrepreneurship
Family-first entrepreneurship is on the rise as more parents aim to balance work and family life. This trend is driven by the need for flexibility and control over their time, as well as the desire to generate income in a meaningful way.
This type of entrepreneurship enables parents to establish a flexible work schedule that accommodates their family's needs, allowing them to attend school events, care for their children, and earn income simultaneously. It also offers an opportunity to impart valuable skills to children, such as customer service, sales, and financial management.
However, starting a family-first business comes with challenges. Balancing work and family life can be difficult, requiring clear boundaries and prioritization. Time management is a significant challenge, as it can be tough to run a business while caring for a family, necessitating careful planning and organization.
Financial resources can also be a challenge, with the costs of starting and running a business competing with the financial needs of a family. Despite the challenges, family-first entrepreneurship offers an appealing model for parents seeking to prioritize their families while still earning a livelihood.
How The Rainmaker Challenge is changing the game for moms
The Rainmaker Challenge is a coaching program that assists moms in starting up their own online business while prioritizing "time freedom" with their family. Although not exclusively for moms, the program focuses on enabling mothers to establish profitable and sustainable e-commerce businesses that support the financial goals of their families.
This step-by-step program teaches moms how to initiate an e-commerce business from scratch, utilizing Amazon's fulfillment network to scale quickly without shipping products personally. So far, it has aided numerous mothers in achieving success in the e-commerce industry. For instance, one Rainmaker mom Sharon, left her full-time nursing job and now generates over $100,000 per month from her business. Melissa--another Rainmaker and a busy mother of seven--attained a multiple six-figure revenue within the first year of starting her business.
These Rainmaker moms' accomplishments reveal that it's possible to develop a thriving e-commerce business while taking care of one's family. The Rainmaker Challenge equips moms with the tools and resources needed to launch and grow a lucrative e-commerce business while fulfilling their family obligations.
The future of family-first entrepreneurship
The trend of family-first entrepreneurship is rapidly growing and transforming the business world. By prioritizing work-life balance, passive income streams, and leveraging tools like Amazon FBA, family-first businesses can flourish and create a lasting legacy. As the business landscape progresses, family-first entrepreneurship is poised to keep growing, providing more opportunities for moms and families to achieve their aspirations and establish successful businesses.
The Rainmaker Family
https://therainmakerfamily.com/?el=bbapplenews
COMTEX_429150759/2776/2023-04-12T21:55:46