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WFH Dilemma: Online Business or Employee?
Episode 1422nd May 2023 • Mamas Making More • Melyssa Munday
00:00:00 00:12:21

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Mama, I know you want to work from home, but wfh jobs and growing your own online business are NOT the same.

In this episode we are diving into what it means to work from home and the major differences between wfh jobs running your own virtual assistant (VA) business.

Spoiler alert, growing your VA business is the way to go! I'm highlighting the benefits of being your own boss, the flexibility and control it offers you as a mom, the unlimited income potential, and the ability to pivot and grow your business.

Tune in to explore the power of entrepreneurship for moms.

⭐️ RATE & REVIEW

If you enjoyed this episode, I would super appreciate if you would rate and review this show. This will also help spread the word to other moms that they can also have the ultimate flexibility by starting a Virtual Assisting Business. 💕

EPISODE WEBSITE & BLOG ⬇️

https://melyssamunday.com/mamasmakingmore-14/

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JOIN MY NEWSLETTER ⬇️

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GET THE QUICKSTART GUIDE TO START YOUR VA BUSINESS ⬇️

https://melyssamunday.com/quickstart-guide/

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https://melyssa.biz/Captivate-Affiliate (affiliate link)

Transcripts

Melyssa:

Hey, hello.

Melyssa:

How the heck are you?

Melyssa:

Mamas?

Melyssa:

Welcome to another episode of the Mamas Making More podcast.

Melyssa:

I am coming to you live from my closet today.

Melyssa:

You know, entrepreneurship is all about figuring things out and experimenting.

Melyssa:

I sometimes record in my office, but it's not ideal because I have

Melyssa:

one wall is open in my office.

Melyssa:

And so I don't think it always sounds the best.

Melyssa:

And my husband lately has been coming home for lunch during his workday.

Melyssa:

And he's a driver, so he's not often able to text me or phone me

Melyssa:

to let me know he's coming home.

Melyssa:

It's always all different times.

Melyssa:

So today I was like, you know what, I'm just going to start out in the closet.

Melyssa:

I'm going to just do my thing.

Melyssa:

If he comes home, then that way he's not interrupting and

Melyssa:

feeling like he has to be quiet.

Melyssa:

So it is what it is.

Melyssa:

But coming to you from my lovely closet.

Melyssa:

In today's episode, I wanted to talk to you about the differences

Melyssa:

between entrepreneurship and a job.

Melyssa:

And I know that might sound a little obvious, but what I see a lot, especially

Melyssa:

on Facebook in Facebook groups, I see moms all the time that want to work from home.

Melyssa:

And so they're constantly asking for work from home jobs.

Melyssa:

What's a remote job.

Melyssa:

What's a work from home job.

Melyssa:

And I think that they often don't know that starting their

Melyssa:

own business as an option.

Melyssa:

And I think that they're often confused when I do present the

Melyssa:

option of, Hey, have you considered becoming a virtual assistant?

Melyssa:

They asked me, well, are you hiring?

Melyssa:

I really would like this podcast, this episode today to help educate about the

Melyssa:

difference between having a job and a business and some of the benefits of

Melyssa:

having a business and the fact that it's okay if this entrepreneurship

Melyssa:

isn't for everyone, it, it is difficult to put yourself out there and to

Melyssa:

put the work into your own business.

Melyssa:

It's not easy peasy, lemon squeezy, but the rewards are so amazing.

Melyssa:

So I really want to share with you the differences, the main differences

Melyssa:

between the two and why entrepreneurship can be so beneficial to moms.

Melyssa:

So let's hop on in here.

Melyssa:

The first thing I just want to clarify is that employment is employment.

Melyssa:

So you are working for an employer you're working at their discretion.

Melyssa:

You are hired by them.

Melyssa:

You are told how much money that you are making.

Melyssa:

You're told when you're working.

Melyssa:

And all of that good stuff.

Melyssa:

So whether there's benefits or not benefits or anything that

Melyssa:

comes with that company culture.

Melyssa:

Even if you are working from home as a remote employee, you are

Melyssa:

still an employee and you are most likely an at-will employee.

Melyssa:

So the difference then with entrepreneurship and having your own

Melyssa:

VA business, your virtual assisting business is that you are your own boss.

Melyssa:

You are your own business.

Melyssa:

So that's the core huge difference is that when I see moms asking

Melyssa:

how can I work from home?

Melyssa:

There's a really big distinction between working from home for a company,

Melyssa:

working remotely for them and working in your own business, building your

Melyssa:

own business, creating this business and growing your own business.

Melyssa:

That's a very big difference.

Melyssa:

So that's a very first thing I wanted to touch on.

Melyssa:

The second thing is independence and control are very

Melyssa:

different between the two.

Melyssa:

As an employee, you are working from home.

Melyssa:

You may exclusively work from home.

Melyssa:

You may have to go into an office and check in that all depends,

Melyssa:

but you don't really have control of the shape of the business.

Melyssa:

The direction of the business, the direction of the work that you're doing.

Melyssa:

Whereas if you have your own company, your own VA business.

Melyssa:

You have a lot more independence to control the things, to control the

Melyssa:

growth of your company, to decide what clients you're going to work with

Melyssa:

to decide what services you're going to be providing to decide absolutely

Melyssa:

everything about your business.

Melyssa:

The control that you have in your own online business, your own virtual

Melyssa:

assisting business, whether this is a full-time business or a side hustle,

Melyssa:

you have the control of the offerings, the marketing, your pricing, whether to

Melyssa:

change your pricing, whether to increase your pricing and just that overall

Melyssa:

direction of the business as a whole.

Melyssa:

One more thing with the independence versus the control of your own business.

Melyssa:

I have talked to women, to moms who have had online, remote jobs, remote

Melyssa:

employee positions, and they really often don't allow you to actually be

Melyssa:

flexible and to be present for your kids.

Melyssa:

Many of the work from home positions are customer service space.

Melyssa:

So you're on the phone.

Melyssa:

You can't really have your kids in the background making noise.

Melyssa:

Sometimes the job requires you to have your video on.

Melyssa:

So you're being recorded and monitored the entire time.

Melyssa:

I don't know about you.

Melyssa:

That makes me feel not fabulous.

Melyssa:

I don't think I would love feeling like I was being watched.

Melyssa:

So a lot of those jobs, even though they're work from home, it can be

Melyssa:

misleading to work from home because you may not have the ability to be

Melyssa:

present and to be available, to help actually care for your children.

Melyssa:

As you could with your own online VA business.

Melyssa:

Now when you're an employee of a company.

Melyssa:

Even if you are a work from home employee, you are likely either a

Melyssa:

fixed salary or a fixed hourly rate.

Melyssa:

This is not to say this is your rate forever and ever, but it's

Melyssa:

likely that that's your rate for the foreseeable future.

Melyssa:

Maybe there steps where you can get promoted or to get

Melyssa:

an increase in your salary.

Melyssa:

But it's not, guaranteed at all.

Melyssa:

On the flip side, if you have your own online business, your income potential,

Melyssa:

really, there is no cap to that.

Melyssa:

You may start in the business, offering a certain hourly rate or a certain

Melyssa:

package price for your services.

Melyssa:

And you are not married to those rates.

Melyssa:

As you gain experience, you absolutely should be increasing your rates,

Melyssa:

whether it's the hourly rate or the package rate, as you become more of

Melyssa:

an expert and you are doing the job faster and you become more in demand.

Melyssa:

Your rate needs to reflect that demand.

Melyssa:

So you're able to bump that up and really there's no cap on that.

Melyssa:

I've seen virtual assistants who, especially on the tech side or when you

Melyssa:

move over into more of the online business manager side, the sky really is the

Melyssa:

limit to how high your income can be.

Melyssa:

So scalability and growth potential is actually something I touched on last week.

Melyssa:

In that episode, episode 13, I talked about the difference

Melyssa:

between a service based business and a product based business.

Melyssa:

And one of the big differences there is that scalability

Melyssa:

and that growth potential.

Melyssa:

And again, in this situation, when we are talking about a work from home

Melyssa:

job versus your own online business, where you're working out of your home,

Melyssa:

you have a much greater potential to scale that business, to grow

Melyssa:

that business as the business owner.

Melyssa:

If you are an employee, again, you're at their discretion and you likely

Melyssa:

don't have much control over the growth of the company as a whole.

Melyssa:

That's a really great benefit to having your own business as really

Melyssa:

just being able to scale that business.

Melyssa:

And again, when I say that you can have your, online VA business as a full-time

Melyssa:

gig, I don't mean 40 hours a week.

Melyssa:

I mean that as your main income source.

Melyssa:

I certainly don't work 40 hours a week.

Melyssa:

I don't recommend it for moms.

Melyssa:

It can be so hard.

Melyssa:

But again, it can be your full-time income or it can be a side hustle.

Melyssa:

Maybe you do have a nine to five, and you're trying to transition out of that.

Melyssa:

Or you just want a little bit of a cushion.

Melyssa:

And you want this to be more of a side hustle.

Melyssa:

You can kind of have that growth cap so that you're not having an explosion

Melyssa:

of work to do in addition to your nine to five, although if you find

Melyssa:

that happening, I would highly suggest considering going into that business in

Melyssa:

that full-time capacity and replacing that nine to five income so that

Melyssa:

you do have that greater flexibility and ability to be with your family.

Melyssa:

Now another thing that is similar to what I talked about, again, in last week's

Melyssa:

episode, episode 13, the service versus product based businesses is a similar

Melyssa:

comparison between the work from home job and your online VA business is that you

Melyssa:

have a greater ability to increase your skillset and your experience and pivot

Melyssa:

in your business to the areas that you want to be working on, the work that

Melyssa:

you enjoy doing more, the services that you enjoy providing, whereas at your work

Melyssa:

from home job, you likely are hired for a specific position doing specific tasks.

Melyssa:

And it's not as likely that you can say, well, I'm not really

Melyssa:

enjoying doing this much anymore.

Melyssa:

I'd rather be doing something that this other person does.

Melyssa:

It's not something that I have worked from home job is, is likely to be

Melyssa:

very open to, whereas again, if you're finding that you really don't enjoy

Melyssa:

the work that you are doing in your VA business, maybe you are a VA that starts

Melyssa:

as a general VA, and then you decide, Hey, I really want to start working

Melyssa:

on setting up software for my clients.

Melyssa:

You can easily pivot your business as an online VA.

Melyssa:

As opposed to being that work from home employee.

Melyssa:

Those were some comparisons.

Melyssa:

With having our own VA business, having your own online business the growth

Melyssa:

potential, the rate potential, the income potential and just that flexibility

Melyssa:

and that ability to really make sure that you're available for your kids

Melyssa:

at the drop of a hat is not something that a, work from home employment

Melyssa:

type of position is very conducive to.

Melyssa:

As opposed to the VA business where you can kind of really, really

Melyssa:

have a very flexible schedule.

Melyssa:

That's probably the hugest perk for me.

Melyssa:

I'm able to drop everything and go to a doctor's appointment last minute if I

Melyssa:

need to, with my kids, if their schedule changes and they need a chaperone on

Melyssa:

a field trip, I am likely to be able to just drop my things and go . I have

Melyssa:

the ability because most of my work is not super time sensitive to really

Melyssa:

be flexible and sometimes that might mean that i have to work a little bit

Melyssa:

on a weekend or work a little bit in an evening to make up for the work that i

Melyssa:

didn't complete during normal business hours when my kids are at school .But

Melyssa:

the benefit of being available for my kids and there for them far outweighs

Melyssa:

Any of the negatives there for me.

Melyssa:

i hope some of these things resonated with you if you have any questions about

Melyssa:

the difference between a work from home job or a va business and you want to

Melyssa:

send me a dm i love voice on instagram @melyssamunday or @mamasmakingmore.

Melyssa:

I love talking to you guys and i also love figuring out how I can help you in

Melyssa:

your journey so drop me a dm and tell me what you're dreaming about doing

Melyssa:

and let's chat about options for you.

Melyssa:

That's all I have for this episode I will catch you in the next one

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