For a lot of entrepreneurs, there is a free flow of ideas, that we never seem to get off the ground. Even the most dedicated women entrepreneurs struggle with getting the correct business idea that would fit their objectives and help them reach their ends. Choosing the right business idea is the beginning step to making a job plan and requires a bit of soul searching as well as feasibility studies.
If you desire to establish your own business but are not sure about the type, here are some questions you should consider asking yourself:
- What do you absolutely love doing?
- What areas do you excel in?
- What would you like to learn to do?
- What are your financial goals?
Determine why you want a business of your own
The first step if figuring out what you really want from the business you wish to acquire. toAre you in need of a second income or would you rather quit a 9-5 job and develop a clientele that can permit you to remain at home with your children. Do you have a dream to change the world or would rather contribute to society? Do you merely wish to become financially independent?
Finding answers to these questions will help you decipher your true intentions about owning your business.
Determine what you love doing
Be honest about your strengths and weaknesses, because no matter the kind of business you choose, it pays to be resourceful. What do you think are your talents? If you are an artist, musician, photographer, it might be entirely obvious. But when you are in a different profession, you may want to begin a private practice. However, even if your skills are not specific, you may still have skills that can be resourceful, all you need do is to identify them.
Determine what you would like to learn
There are a lot of things, that may interest you, but you are yet to learn. Discover what that desire is and strive to achieve that goal by learning it today. There are a lot of online courses for your interests, and that new skill can be turned into income in no time. A lot of courses may require a few months or more, do your research and begin preparing yourself towards owning the right business that is suitable for you.
To help you pick the right business, here are some business ideas that require low startup costs, are entirely comfortable with any lifestyle and would fetch impressive returns in no time. Nevertheless, some of them might need you to learn a skill. According to Belle Wong, women have a lot of listening skills, self-awareness and empathy, which are lovely skills that can build a successful company.
Best Business Ideas for Women
1. Event Planning
Throughout the year, whether or not the economy is thriving, there is always one celebration or the others such as Weddings, special anniversaries, birthdays, conferences, retirement parties, etc. You can create a successful event planning business, especially if you are a social butterfly and would want to help people create the events of their dreams.
Even considering the fact that people eat out less frequently, people continue to eat our because it might be a way to celebrate with their family or some sort of tradition or even because it is convenient for them. By creating the right atmosphere that promises all of these things to different kinds of people, you can increase the visits of customers. Also, you may think about hosting contests, loyalty programs and other incentives that would also encourage patronage.
3. Cleaning Services
You can develop a business of helping others clean their homes and offices for a fee. However, focusing on residences might be quite challenging to get customers, but if you concentrate on commercial cleaning, your cleaning services would not be limited to a specific niche, therefore assuring you of work all-round the year. You can also offer a specialized cleaning service as a “dish on the side” which though it might not provide steady income, can bring in significant income boosts from time to time. Window and Pressure washing are specific kinds of cleaning services you can offer.
4. Laundry Services
Even in the event of an economic crisis, there are always people looking for how they can get their chores done, so they can concentrate on having multiple jobs. You can open a laundromat where people can wash and dry their clothes within a short period. It is a self-service laundry business especially open to people who cannot afford in-home washers and dryers.
An online reseller can either resell products directly or act as the middleman between the buyer and seller in exchange for some portion of the profit. This is a lucrative business and is perfect for the stay-at-home mom who wishes to have more time for her kids while making a profit at the same time.
6.Bookkeeping or Accounting services
If you are good with numbers or have a knack for sorting out bills, incomes, and expenses, you can make a lucrative online business out of it. People and businesses are always in need of someone to help them sort out their inventory, finances, and taxes. All you will require is adequate training and certification to get started. Opening an accounting firm might require a lot of paperwork, but the bookkeeping business is more excellent because it does not need a lot of certifications and you can simply set up your office online.
7. Content/Freelance writers
There is always a market for writers. You can either offer a specific writing service or a bunch of them. Copywriters, bloggers, Content Strategist are some of the writing niches you may consider building your freelance writing business on. To coat it up, you can also add a bit of social media management to make your business more appealing and profitable.
8. Childcare services
If you have a big house and adore kids, you can make a lot of income by turning a portion of it into a daycare facility. Parents who work 9-5 jobs are always in need of a safe place where their kids can enjoy love and attention while they are at work. Check with the local authorities on the kinds of skills and certifications you need to run your childcare services. Apart from a bit of paperwork, the rest would be so easy because it requires only a little amount of money for advertisement to get started.
When you have a love for beauty and fashion, you can open a beauty facility catering to all kinds of hair treatment. A lot of Cosmetologist offers special kinds of services such as sugaring, waxing, cosmetics, skin care, hair styling and many more. However, you will require a license and extensive training to get started.
10. Pet grooming
If you adore animals and have some experience with pet grooming, you may offer daycare services for animals. There is never a shortage of clients who are tight on time or simply have to make a journey without their pets.
Private tutors are wanted everywhere in the world. When you have experience in a subject area and love teaching others, you can turn this skill into a business. It makes a great part-time business, and you can take it a step further by creating online courses, where people can access your services in exchange for some profit on your part. Creating online courses can be a source of passive income for you.
If you are an exceptional cook and love trying or creating new recipes, you can make lots of money from it, preparing food for people’s special events. This business is lucrative and may not require a lot of startup expenses on your part. In many cases, all it takes is word of mouth for your business to become successful.
A professional organizer helps people keep their homes and businesses organized. If you know how to create systems that would organize cluttered spaces, making everything accessible, you can build a successful business out of that skill. You can organize a filing system for kitchen cabinets, pantry, offices, which means there are a lot of expert services to offer.
14.Fashion Consultant/Personal Shopper
Do you have an eye for fashion, then you can advertise your services as a personal shopper? There are a lot of people who simply have no time to do their shopping or are often overwhelmed by choices. You can do this for them. Also, you do not need a license to begin, neither do you need an office. You can make do with referrals and a website to kick-start your business.
15. Sewing or tailoring
There is always a market for vintage to homage styles if you are passionate about creating beautiful hand-made or hand designed items. You can make lots of income from this business. Kate Coleman has been making lots of money from this business for a long time. But, you must use high-quality fabrics and materials to create an impressive entry.
With a degree and extensive knowledge of nutrition, you can create a high-paying blog that advises people on the kind of food to eat to lead a healthy lifestyle. You can offer specialized services such as building a business that helps kids or seniors. However, depending on your state, you may require a license to own this kind of business.
17. Graphic design
Currently, you do not need a bachelor’s degree to become a successful graphic designer. But, creativity alone would only bring in some jobs and nothing more. You must take the extra steps to acquire proper design education. According to the creative market, this is necessary to learn the ins and outs of all kinds of the design tool, which an asset to your business. Also, you should also learn how to write; companies love excellent graphics designer who can write compelling ad copies and promotional materials.
18. Virtual Assistant
Working as a Virtual Assistant is excellent for a stay-at-home mom. It means you will have lots of time for your kids and family. Business owners, busy professionals, bloggers, and solopreneurs all use virtual assistants. It is usually more cost effective to outsource these services than employ in-house. Many companies contract with virtual assistants, so with a little research, you can build a profitable business for yourself.
19. Proofreading services
Do you have an eye for spotting mistakes? There are jobs for you. However, you will need to take some online courses to fine-tune your skills before you begin. You may decide to work as a freelancer or with a company. Whatever the choice, ensure to do your research and pick the right program that suits your objectives.
Do you love taking photos? There are lots of ways you can turn your passion into a profitable venture. You can offer to take pictures for business, families, events or wildlife. Also, you can take all kinds of photos of things that interest you and sell them online for profit.
Don’t Wait to get started
There are many more profitable businesses ventures; you can develop as a woman. But it begins by taking a look inwards to analyze your strengths and weaknesses. When you have a list of the things you are most passionate about, do your research to finally select the business venture that would suit your objectives, passions, strengths, and weakness.
Finally, create a business plan to help you gain a more transparent view of your potential business. When you are done with this, get started!
There are many wonderful business ideas out there and, on this list, but they will not become successful if you do not take those steps right now. Guess what, statistics are on your side.
According to Small business trends, 47% of females are more likely to begin a business than their male counterparts.
Begin today, and watch those lovely ideas of yours as they fetch you a fulfilling business venture finetuned to suit your desires.