“Entrepreneurial Guide for Parents With Disabilities” is a guest post written by Ed Carter of ablefutures.org
Executing a business idea is a stressful endeavor, especially while raising children. However, by planning ahead and following these tips, aspiring parents with disabilities can find success!
Go From Business Idea to Establishment
The first step to entrepreneurship is coming up with a great business idea. If you 
already have one, great! If you are still searching for the right match, there are plenty of options that you can do from home. Depending on your disability, you may be better matched for some options than others. Consider a home bakery, freelance writing, music or art lessons, or personal training.
Before taking action, research what steps you need to complete in order to legally start a company in your area. You should conduct your own research regarding what tax structure your organization will adopt, whether your project necessitates an EIN, and whether the goods or services you’re providing are legal in your state. Different states have different laws and regulations, so it’s vital to establish which steps are mandatory. If you’re unfamiliar with the strictures of your area, consult a legal professional or formation service to take advantage of their expertise.
When starting a new company, you’ll want to write a business plan. A good plan details what goods or services you’re providing, who your target demographics are, how your business will be staffed, how much funding you’ll need to begin, and how quickly investors can expect a return. Business plans lay out guidelines for the formation of your business.
Find Funding
Your plan won’t just be the blueprint for your company’s creation. Investors and financial institutions also want to see a promising business plan before taking a risk on you. You’ll need to convince them that your project is viable before you’ll see a cent, so demonstrate that you’ve planned and researched a venture that’s likely to succeed. If you’re planning on taking out a small business loan, download your credit report and take steps to improve your credit score if necessary.
Invest in Marketing Methods and Tools That Work
The type of advertising that’s right for your company depends on the scope of your territory. A local shop with a single location can pull in a decent-sized clientele with a few fliers and print ads, while an online service that delivers globally will need to take out ads on social media pages and websites frequented by potential customers. Knowing your target demographic is vital at this stage, as different advertising methods work better on different sets of people.
If you’re operating on a tight budget and want to get the most out of your money, advertising on social media is a great place to begin. Look for free templates for common social media platforms, and use those as springboards to design your banners and posts. There are so many free resources these days that you can generate quality marketing campaigns yourself even with little design experience.
Parents with disabilities can find success when it comes to starting your own business. Accepting assistance where it’s available, writing a business plan, finding funding, and marketing on social media will streamline the process and give you the best chance at achieving your goals.