The truth is, stay-at-home parents often make great entrepreneurs. One of the reasons is that bringing up kids prepares parents for the demands of owning a business. There are certain traits parents develop that will help immensely down the road. Here are three of the most important:

#1 – Patience

Being a parent involves a lot of work without much reward in the beginning. Think about all the sleepless nights you have to go through at first.

You have to feed your baby often, and comfort them every time they start crying. You basically have to meet their needs around the clock.

And as they get older, they still require a lot of time, like help with homework, driving to after-school activities, shopping, and so on. Chances are, you might not see any rewards for quite some time. However, if you are persistent you will eventually begin to reap the fruits of your labor.

Becoming a profitable entrepreneur involves a lot of patience, too. You will often have to spend a lot of time working without seeing much progress at first. However, eventually you will begin to reap the benefits. Few things teach patience better than being a parent.

#2 – Multiple skills

As a parent, you have to change diapers, feed your kids, help with homework, drive them to activities, schedule appointments, and do many other things. You require a wide range of skills, and the ability to keep track of everything and everyone when things get hectic.

You also need multiple skills for owning a business.

At first, most business owners have to do a lot of the tasks themselves. Examples of typical activities include building the website, designing the product, marketing, customer support, and eventually managing the employees. In other words, owning a business requires a lot of different talents, just like being a parent.

#3 – Purpose

As a parent, you definitely have a purpose. It is raising your kids to become the best people they can be.

With a company, you need to have a purpose as well. Any business owner will tell you that the key to being successful is having a mission.

If you don’t have a clear objective, you will probably fail. Fortunately, being a parent will teach you to have a purpose behind what you do.

The bottom line is, being a parent can inadvertently prepare you for owning a successful business. So don’t be fooled into thinking the business world is just for the MBA’s. You already have all the traits you need to succeed. As long as you transfer your skills acquired as a parent to the business arena, you can become very successful.

Excerpted from:

Starting A Business 1-2-3
The premier step-by-step interactive training system
for starting your business with confidence and clarity

Module 1: Research and Development