Making Business Formation Easier for Parents With Disabilities

 

Navigating life with disabilities and raising a child are challenging enough endeavors on their own. Triumphing over these demands while starting a business can easily feel preposterous. Knowing the right steps to take and when in the early stages can help ensure that you can manage all of the obligations you’ve taken on.

Planning

Before your idea can start to take shape, you should research your area and see what steps you’ll need to take to execute your specific project. Different states have different laws regarding how businesses are formed and structured, so be sure you’re following your local regulations every step of the way. Bringing in an experienced legal professional can help you determine whether your business needs an EIN and if you should file under an LLC, for instance.

When you know what steps you’re legally required to take when forming your business, you can start constructing a business plan on which to base the company. This document will serve as a guidebook to the formation of your business and should cover things like what services you provide, how your staff is structured, how quickly investors can expect a return payment, and how much money you’ll need to begin. Constructing this plan down to the most seemingly minor detail will eliminate the stress of guesswork as you move forward.

Funding and Staffing

In addition to your organizational practices and stress reduction, your plan can also be used to secure funding for your venture. Private investors and financial institutions alike want to see that your idea is viable. The best way to accomplish that effect is with a plan that demonstrates you’ve left no facet of your project unexplored.

Try to structure your company in such a way that your employees can take over and keep things running in your absence. Parenting is a full-time job on its own, and living with disabilities tends to monopolize your time, energy, and ambition depending on their severity. The more you can trust your staff to manage the business for you, the more time you can spend on self-care and your other obligations.

Marketing

If you wish for your potential customers to give your organization a try, they’ll first need to be made aware of your existence. Depending on the scale of your business, you may need to choose between online marketing, print ads in local publications, or distributing flyers around your local area. Figuring out which demographics are most likely to patronize your company will point you toward which advertising methods are best for you.

Crafting or commissioning an unforgettable logo is a surefire way to establish brand recognition and dazzle your incoming clientele. Costly graphic designers tend to be worth every penny about the quality of their work, but online logo creation tools and templates make creating your logo a viable method as well. Putting your logo on your products and paperwork will remind your customers of your past interactions while adding a layer of professionalism to your venture.

Parents with disabilities already have the deck stacked against them, and starting a business on top of all that is a daunting task. Having a plan, accepting help when it’s offered, and marketing effectively can help level the playing field and place your company in league with all the rest.