Starting a new business is a major endeavor and for parents with disabilities, it can be daunting. While you want to establish a lucrative business, you want to ensure you can still support your family and take good care of yourself. However, not only can owning your own business provide you with a much-needed source of income, but it can also give you a sense of pride and accomplishment. Here are five simple steps to get you started.
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1. Identify a Business That Meets Your Needs
When setting up a new business as a parent with mobility or health issues, explore all your possibilities when it comes to operating your enterprise. Technology has opened up new opportunities for people with disabilities. From well-established franchises to specialist start-ups, a wide range of business opportunities are available to people with disabilities.
2. Establish Your Brand Identity for Greater Exposure
A key part of having a strong brand is having a logo that’s the physical embodiment of your brand. It should convey your values, responsibility, and reliability. It serves as the backbone of your marketing and advertising campaigns, and it will be engraved in your customers’ minds.
If you’re on a tight budget, you can easily make a great-looking graphic by using an online logo maker. Pick from a bunch of different logos, add text, and customize the fonts and colors however you want.
3. Create a Business Plan
Having a solid business plan that serves as a guide for planning, operating, and developing your enterprise is crucial for the success of your new venture. It must provide a detailed outline of your company’s products and services, overall brand awareness strategy, and financial predictions. Resources are available online to help entrepreneurs with disabilities write a watertight business plan.
4. Register Your Business
Before you register your business, you must choose a business structure. LLCs are the easiest to keep up with. They offer protection from personal liability in case your business is sued or racks up debt, so your personal assets are safe. The LLC also has “pass-through taxation,” which means that taxes are reported on each individual’s personal income tax return instead of as a separate entity. Check the rules for LLCs before you begin, and use a formation service to help you with the paperwork without incurring attorney’s fees.
5. Secure Start-up Funding
There are various areas to explore for grant financing for disabled-owned companies. A great place to start is the Small Business Administration, which can connect you with information on grants from FedBizOpps.gov, GrantsNet, and Grants.gov.
Also, private organizations, such as Ability Mission, give financial assistance to people with disabilities who are starting small businesses. Ability Mission can assist by offering you a business loan or a start-up grant, depending on your requirements.
6. Market on Social Media
In today’s day and age, it is essential to have an online presence for your business. One way to create and maintain this presence is through social media marketing. Memes are a great way to market your business on social media. They are shareable, often relatable, and usually provide a laugh. When used correctly, memes can help you to reach a wider audience and connect with potential and current customers on a more personal level. memes can also be used to show off your brand’s personality and give customers a sneak peek into your company culture.
You can design a meme by using a type of online meme maker. Create a customized meme by adding your own colors, themes, text, and font.
You’re Highly Capable
The world is full of opportunities for parents living with disabilities; you just need to know where to look. Once you choose a business idea, write a business plan, develop a brand identity, get funding, register your business, and start marketing on social media. With these tools and resources, getting your business going doesn’t have to be a dream.