Over 57% of the women age 35 and older who were previously married are willing to walk down the aisle again. For men, this means a wonderful opportunity to capture the heart of a new family.
While not all women bring children into the new marriage, blended families are the new norm. What this means for the stepdad, is an instant family that needs his guidance and support.
With the demands of a new family, a new schedule can take its toll on the business. Stepdads can ensure both their business and new family stay afloat by managing their time, manpower and money more effectively.
Time Is The Ultimate Business And Family Resource
The self-employed stepdad needs to invest the valuable resource of time wisely in order to gain maximum benefit from it. This means scheduling time to meet an important new client, but also having that ounce of flexibility to watch a baseball game to support a stepchild.
While this might not be possible all the time, these tiny seeds of commitment are sown and will take root in terms of fostering strong relationships with the children. At the same time, it’s important to make sure the business remains afloat with the new time commitments.
This might mean starting the day a little earlier or hiring an extra set of hands to get the job done.
Outsource Some Business Functions
One of the best ways to stay on top of business management issues and still have time to spend with a brand new family is by placing the care of some tasks in the hands of those who specialize in these respective fields. According to Corporate Business Solutions, there are a number of tasks business owners can easily delegate to others, such as tax planning and business valuations.
Other functions that can easily be outsourced are accounting, IT and web design.
Make Changes To The Budget Where Needed
As a business owner, cash flow is one of the most important pillars in the success of the business. It is an equally valuable resource at home and with a new family, things can quickly feel strained if the budget is never adjusted.
One of the best ways to avoid a cash flow collapse is by planning – and sticking to – a budget. If the drawings need to increase, so would the sales to ensure there’s no added pressure on the business.
For the self-employed stepdad, it will take careful planning. In addition to smart use of resources to maintain a healthy work and life balance.
