5 life-balancing tips from mompreneurs – Wells Fargo Stories Life tips from mompreneurs [Video]

• Focus on balancing work and family priorities.
• Be mindful of your workplace environment.
• Get your support system in place.
• Surround yourself with people who understand you and your vision.
• Continue to refine your purpose and plan.

The growth of women-owned businesses outpaced men’s for firms, employment, and revenue during the pandemic and post-pandemic in 2023, according to The 2024 Impact of Women-Owned Businesses study. They added 1.4 million jobs and $579.6 billion to the economy between 2019 and 2023.

Entrepreneurship is not without its challenges. This is true for all small business owners, but especially when it comes to combining motherhood with business ownership. According to a study focusing on the economic role of entrepreneur mothers (PDF), self-employed women report spending more time on child care activities and less time in paid work compared not only to self-employed men, but also to employed women and men.