Behind the scenes in a Mompreneur household

In the mompreneur world, there is lots of talk about outsourcing, getting help - everything from a virtual assistant, nanny and cleaning lady so that you can focus on your business and do what you do best. Entire businesses, webinars and seminars have been created around this topic. But ...as Entrepreneurial Moms of Toronto leaders DoinaOncel, Bonnie Chan and I, Tereza Kumric found is that with all the help in the world there are still some days when kids and responsibilities may overlap with business. Our recent Entrepreneurial Moms conference call is a funny example.

The call was set for 9pm. The plan was that the kids would be asleep, other work done and we could dedicate a half hour to strategize. Hmmm, not so easy.

Picture this.

Bonnie's husband had a client over. Bonnie's 2 year old son was still up. Bonnie, her husband and the client were entertaining the 2 year old while doing business!

Doina is on the call too. She is interrupted by her two daughters - also failed to go to sleep on time. Doina is firmly trying to deal with her daughters while also focusing on the call.

Me -  I was successful at getting my little ones to bed but I still had two attention seeking, needy teens lurking around asking where this is and where that is and when I was going to be off my call. What did I do? The only logical thing... I locked myself in the bathroom.

Did we have a productive call... absolutely! How?

We were honest with each other. We are moms. We made sure that we were all on the same page. We knew there were going to be some disruptions, we came with an agenda and we did the absolute best we could.

How can you make these situations work?

1) Same as above. If you are faced with a situation like this and meeting with your team or even a client - be honest. 

2) Don't force it. It if just "aint gonna work", don' t force it. Reschedule rather than appear totally unprofessional and unproductive and waste everyone's time.

3) Whenever possible, have a back up plan. Someone else to watch the little ones or find a hiding place like me! 

4) Whenever possible, schedule at a more convenient time!

I'm all for getting help. I believe that when doing business you need to be professional and that sometimes business needs to be business but sometimes when stuff happens that you really can't control, make the best of it and roll with the punches.

Tereza Kumric

Tereza Kumric is an entrepreneur and founder of The Inspira Connection. , on the leadership team  of Entrepreneurial Moms of Toronto . She is also part of a thriving Mortgage brokerage at terezakumric.com  Tereza is all about those outrageous goals and providing you with the tools and resources to achieve them!

Hate technology but still want clients?

Do the words social media elicit a sneer from you? Have you set up your LinkedIn profile out of guilt and never logged in again? If your passport picture is more recent than your Facebook profile shot, you might just be a tad opposed to using technology and social media to get clients.

There is hope

Yes, there is a world out there for you—the tech challenged-wanna stay in the old world entrepreneur. You too have many potential clients who feel exactly as you do and shun the internet.

Your personality and skill set is exactly perfect for the right kind of client who is looking to meet you face to face or by the good old fashioned phone. There is no stigma to that, it still works!

What you do need

As a small business growth coach, I’ll give you a pass on having to market yourself on social media but there are a few rules you still need to follow so you can get clients:

Fish where your fish are

If you’re not speaking, networking or reaching out in some way to your target audience, you are missing the client boat in a big way. How are they supposed to know they need your help if they don’t know you?

Have a clearly defined niche

If you help everyone and offer them every service, you don’t have a defined niche. Ruthlessly focusing on a specific segment of the population (ie. I help service based solopreneurs) and talking about only one thing that you can offer them (ie. I offer them marketing coaching) will ease the crease between the eyebrows (ie. confusion) of those who were kind enough to ask “So what is it that you do?”

Speak to your target’s pain

If the minute you open your mouth and your ideal client thinks “this guy gets me and can help me”, then you’re probably talking about your client’s pain and how you can help relieve it instead of just talking about yourself. I don’t care if you’re not on social media but if you’re not talking about your client’s pain, you’re just using up air.

Be visible

Social media and technology allows us more access to people’s lives, so if you’re going to cut off this channel for your visibility, make up for it by being everywhere that your target is—on the radio show they listen to, in the magazine they read and in the trade show they attend. Be ubiquitous.

If you’ve got all these above bases covered, I’m sure you’ll find that even tech haters and nay sayers can have a thriving and booming business and will put those bloggers and tweeters who never come out from behind their computers to shame.

Need more chicken soup for your biz? Follow me on Twitter, friend me on Facebook or connect with me on LinkedIn –and let's talk!

Bio:Chala's mission is to help entrepreneurs overcome fear and embrace the joy of marketing themselves to share their gifts with the world. Chala is the person you go to if you want to jump quickly to the next level of your business potential. A certified business coach, she cut her corporate teeth as a marketer at companies such as Pepsi, Pizza Hut, Frito Lay, Diageo, Playtex and lastly BIC Inc. With a lifelong desire to use her corporate experiences to help managers and business professionals to increase their productivity, Chala has a practice supporting small business owners who want to get more clients through marketing and branding more effectively

What’s YOUR score?

It’s something no one talks about but something people need to be better educated on. I am talking about one of your most valuable assets, your credit score. Most people walk around thinking they have amazing credit because they don’t charge purchases or they walk around not even really knowing what a credit score is. What people don’t realize is that your credit score is actually pivotal when it comes to taking one of life’s biggest steps, buying a house. Your credit history can make or break what kind of mortgage or loan you qualify for as well as what kind of lending institution you can go with. Most importantly it affects what kind of interest rate you can get. Your credit score is important when looking to obtain any type of financing whether it is for a house, a car or any other major purchase. If you are interested in learning a few basic things about your credit and how to nurture it than read on!

Christy Watt

A credit bureau is an institution that collects and keeps information on you. No matter what you do they are keeping track! Well, financially speaking that is! So if you missed your credit card payments for a month or two because you were backpacking through Europe, your credit report will show that and your choices are reflected in your score. You are responsible for your own credit history. A credit bureau keeps track of all of your monthly financial obligations and whether they are current or past due. It also looks at how much debt you have outstanding as well as your credit limits. Your report will also show any bankruptcies, or judgments that have been placed against you. The most common example of this would be an unpaid cell phone bill. Some people decide to fight their bill with their cell phone company on principle and what they don’t realize is that that company is more than happy to just place a judgment on your record which will eat away at your score and quickly bring your number down. The credit bureau compiles all this information and translates it into a number which is referred to as your score and that number is used as a numeric assessment of your risk level at any given moment. This number aids lenders in determining how dependable you might be when it comes to repaying your debts.

One of the biggest myths people fall into believing is that having no credit facilities (i.e. credit card, line of credit, and/or loan) is actually better than having some.  You can not build a credit history if you do not use credit.  So the key is using your credit facilities responsibly. A standard requirement that most lending institutions look for when looking at your credit report is that you have two active credit facilities reporting on your credit report. They believe that if you can keep a clean repayment history on two different items for more than two years that you are aware of the importance of your financial obligations and are (hopefully) not a risk to lend to. The best thing to do is to make sure you have two forms of credit at all times. You do not need to be using them constantly but as long as you use them periodically throughout the year, and pay them on time then you should be able to build a great score.

It is important to understand what affects your credit score. As mentioned before any judgments placed against you will lower your score. It is not a one time deduction either. It will continue to lower your score as long as it sits there. This is where it is very important to know what is on your credit report. It is often where people realize they have fallen victim to identity theft. Having your credit score checked repeatedly can also lower your score. Many people do not realize that every time they are looking to get a new credit card or are shopping for mortgage rates and filling out numerous applications that their credit is likely being checked each time. The more times it is checked the lower your score gets. Last but not least paying your monthly obligations late will also affect your score. Your credit report will show how many times you have been over 30 days late on a bill. The more late payments you have the lower your score gets which as a result makes you considered a higher risk.

Another important thing to know is that it is not impossible to rebuild your credit after going through a rough patch in life. If you have fallen behind on your credit facilities or find out you have some judgments placed against you, the most important thing to do is to correct them and work at rebuilding your credit history. One thing to consider is doing a debt consolidation loan or refinancing your mortgage if you already have one. The best thing to do is to consolidate everything into one monthly obligation so that you will find it easier to keep up with. Another reason that debt consolidation is an important step is that you are generally going to have a lower interest rate on your new mortgage or loan overall than you would if you were carrying those balances on your credit cards which often have interest rates that sit in the double digits. Once you consolidate your debts you can work on reestablishing your credit history by making sure you have two credit facilities reporting on your credit bureau and making sure you pay them each month.

There are many resources online that allow you to find out what your credit score is and give you the opportunity of looking at your credit report. You can contact one of Canada’s credit bureaus to receive a copy of your credit report by mail for free. If you want to look at it online you can do so if you are willing to pay for the service.

For more information you can contact one of the credit bureaus directly at:

·         TransUnion Canada: 1-800-663-9980 www.tuc.ca

·         Equifax Canada: 1-800-465-7166 www.equifax.ca

An important thing to note is that most mortgages do not report on your credit report so this will not help in rebuilding your credit. With mortgage rates as low as they are today it is often the best step for you when looking to consolidate your debt, however, this might not be an option for everyone.

Christy Watt is a mortgage lender with Dominion Lending Centres and she is also a member of Entrepreneurial Moms of Toronto. She is always happy to answer any questions about whether or not this is a smart financial choice for you. Additionally she is available to talk about credit report and ways to improve it as well as help figure out what her clients qualify for ahead of time. To find out more about Christy Watt fell free to check out her website at www.wattchristy.com or she can be reached anytime at 647 781 2474.

Family Day Traditions

According to Wikipedia, Family Day is celebrated in some provinces of Canada one of them being Ontario. This day is a statutory holiday taking place on each third Monday in February.

Did you know that Family day is not recognized as a federal holiday therefore federal employees in all provinces are required to work? Feels good to be an entrepreneur doesn’t it?

Ever since the inception of this day in Ontario in 2007, and officially celebrated on February 18 of 2008, it created a total of 9 public holidays per year n Ontario.

What’s there to do on this day?

Since it is a day in celebration of families, many people plan to do family friendly activities on this day particularly going to museums, art galleries, outdoor skating, watching movies, board games and arts andcrafts with the kids. There are many other activities in which Ontarian families, Torontonian families in this case, take part on this day and one of the famous one will be paying a visit to family members who we do not get to see often. Some people are not so blessed to having family close by to visit but that does not mean that friends cannot be considered family on this day. Also, just because we plan activities on a budget it does not mean that we cannot have a fun and engaging day.

Entrepreneurial Moms of Toronto Family

We cannot stress it enough on how happy and fortunate we feel to have such wonderful members for whom we consider as family. We are looking forward to seeing each and every one of you every second Tuesday of each month where we all get an opportunity to engage, empower and network. We would like to leave you with some ideas on what we, Entrepreneurial Moms of Toronto leaders do on this day:

Doina:

In my family, during this weekend, we make finger food sometimes from scratch such as personal pizzas. We use individual slices of bread, add some tomato paste and cheese on top and, if we choose to, we can add on our own favorite ingredients and while they bake in the oven we set up a picnic scenario on the living room floor.  After we eat and clean up we are making some hot chocolate and popcorn while we get ready to watch a family movie. My kids love this idea as it is fun and they are engaged in the planning, setting up, cleaning up and picking their favorite flick. It never fails. We use this idea even when we have something planned for outdoor during the weekends but the weather does not permit us to follow through.

Tereza:

Although there is not much planned this year, my 7 years old is looking forward to a game of Monopoly followed by a family movie. Personally I am happy we are all going to be together in a day off.

Bonnie:

My family spends a lot of time together in general therefore this family day is not going to be anything special, we are going out for sushi as a family.

We hope your family day is fun and engaging. Please let us know in the comments bellow your Family day tradition. #EntMomsTo

The week of Love

We here at Entrepreneurial Moms of Toronto take Valentine's Day seriously, so much so that we have moved our Masterminds event to next week, Tuesday February 21 st.
We would like to thank you all for your support so far. Our members and our visitors have shown us so much love that we feel blessed because of it.
We hope you will enjoy today with your loved ones...and remeber that love comes in many shapes and sizes.
Firstly, love for self is what's more important. Secondly, love for the ones around us. And one big important factor, if you're single don't forget the love that your friends have for you and you have for them.
Women to women, we feel blessed to have a great leadership team and to have you beside us to share all that you've got to support each other.
Much love to you all from us here at Entrepreneurial Moms if Toronto.
#EntMomsTo Team.

We hope you will join us on February 21, 2012 to find out your money type with money expert Trish Petersen. For more details and to register go here.

What is Balance, Really?

Milissa Harding is a Certified Holistic Health Coach. She works with busy moms who require support to prioritize their self-care through improving nutrition, reducing stress, increasing energy and managing sugar cravings. Milissa coaches women individually to help them achieve their health goals. She is also a member of Entrepreneurial Moms of Toronto and she will be our monthly guest blogger on the topic of healthy living for busy moms. 

When you think of “balance”, what generally comes to mind? If you’re like most people, balance conjures thoughts of giving equal attention to every aspect of your life, like the pieces of a pie. This way of thinking leads people (especially busy moms!) to feel quite pressured, as they struggle to give everything a “little bit” of their time. It can be difficult to feel successful when we’re being pulled in so many different directions at once.

As a Health Coach, I teach my clients to view the concept of balance differently. I ask my clients to think about their level of satisfaction in various areas of their lives. When they think about this, they quickly realize that their idea of balance is different than another person’s, and that this is completely okay. What satisfies us as busy moms will look different than what satisfies another person, and we must look inside ourselves to discover a personal balance.

Of course, it’s important to look closely at different aspects of our entire lives and be honest about which of these areas need (and deserve) more of our attention. It’s not necessary to give
equal attention to everything in order to feel balanced. Sometimes, different areas of our lives intertwine (ex-quality time with our children, recreation and creativity), so then it becomes easier to address more than one area at the same time.

So, what’s the first step in identifying which areas you need to focus more on as a mom? I would suggest asking yourself some great questions, such as:

-What do I often struggle with?
-How would I like to feel?
-What might an ideal day in my life look like?

Taking the time to reflect on these questions would be a great place to begin assessing your satisfaction with your life, and begin to identify some areas that immediately stand out as needing more attention.

Our lives as moms aren’t supposed to be perfect, but we do deserve to feel a sense of purpose, meaning and energy in our lives, so giving ourselves the gift of time to reflect on our personal level of satisfaction and balance will reap great results.

If you would like to go a little deeper with this topic and take yourself through a more detailed process to help you experience a more joyful, balanced life as a mom, I would love for you to request my FREE E-book: Feeding the Busy Mom: Nourishing Yourself from the Inside Out. Visit my website at: www.healthystartcoaching.ca for more information.

Milissa Harding is a Member of the Entrepreneurial Moms of Toronto. From time to time Milissa will be running special programs to help you reach your health goals. Please check out her website www.healthystartcoaching.ca for the upcoming Group Coaching Program beginning in March of 2012 which consists of  sugar and coffee cravings, exercise, eating for energy and easy meal planning strategies to name a few. Contact Milissa to schedule your FREE Nutrition Breakthrough Session.