Best Small Business Ideas for Women Entrepreneurs
In this once-in-a-lifetime circumstance, we have found ourselves in a Pandemic; many people have been laid off and are out of work. But tough times may lead you to rethink your career or what you want to do. One of the options is to start your own venture. It’s not for everyone, but it can be incredibly rewarding, and you can work as little or as much as you want.
But first, ask yourself some questions deciding to begin your own venture:
- What are my passions and interests?
- What are my matching skills for these passions?
- What do you need out of business in income?
- What are your weaknesses related to starting your business?
- How much time do you have to devote to your new business?
The answers to these questions and others will help guide you. Planning is essential to any successful business but is even more critical for a startup. New businesses fail at a high rate largely because of a lack of research and planning, as well as proper funding (for those businesses needing cash to start).
Some possible small business ideas for women entrepreneurs:
Have a flair for home décor and design? This may be a good opportunity to start your own business. Most of your clients will be residential or commercial property owners. You may have to invest in a small office for client consultations. You may also have to get some training before you start.
Apart from formal education in graphic design, if you have an excellent eye for design, to begin with, and can manage multiple projects on-time, then creating your own successful graphic design business will take no time! Just stay self-motivated and keep moving forward.
Photography is a relatively low-cost business, to begin with. You can get started by having a very good camera and accessories. One example would be a Nikon D850. You will need to create a portfolio to show clients, but you may already have it if you are a camera buff. Shots you took of nature, weddings or events, family photos, etc. can all be used to show your talent. You may also want to start by specializing in a couple of niches, e.g., some successful photographers only do musical group photos and videos. You can start by using social media to promote what you do to family and friends.
You may need a certificate verifying your ability, but these are not too time-consuming to get. You can work your clients out at public parks or even their homes (but be careful who you visit). You can also share (pay for) time at a local fitness facility.
Blogging / Freelance Writing
Many women make several thousand dollars a month or more blogging or freelance writing or both. You will need a website (there are many free website options) and write about topics you have an interest in and a passion for. The key is getting visitors to your site every month… this is how you make money. It will take time to build but can be a big moneymaker for a small amount of time invested.
Love animals and caring for them? You may want to try out pet sitting. This can be a very good business. There are even franchises for this service. Entry cost is minimal, but the big challenge is getting clients. If you can get some business from your neighborhood or family and friends, you could get started right away. Then you can add a website and start expanding your service.
Event & Wedding Planning
This is not for everyone because it generally requires experience and startup capital. So, if you’re interested in event planning, you’ll have to get some experience by working for an existing company. If you have that, then setting a budget is critical before you start.
Do you like helping people? You might consider becoming a life coach if you do. A life coach can charge from $70 to $250 per hour. You can offer group coaching at lower rates and one-to-one coaching for higher rates. Earning 6 figures is realistic in this business once you build it up. But you must have the skills to coach and be willing to spend a lot of time networking and getting your first clients.
Tutoring can be done at a variety of locations, but for high school age and lower, it is often done in the student’s home. Former school teachers are the best candidates to start this business, but non-teachers have been successful as well.
In-Home Child Care
Some states require licenses to do in-home childcare, but most do not. Often you end up babysitting a friend or relative’s child only to learn they need full-time help. if you can get 4-5 children ‘enrolled,’ you have a business. As long as you have space to dedicate a room to them, and some secure outdoor space too, you can get started quickly.
Hair Styling / Makeup / Nails
Almost all states require you are trained and licensed to do any of these services. There are many trade schools specializing in this training. Of course, there is a cost to do this, and you also have to consider how you will get clients. It can take a year or two (after getting your license) to build up enough clientele to start your own business.
You can just be a home florist providing decorative pieces for special events, i.e., very part-time. Or, you may want to turn it into a career. The best place to start is working at a successful floral shop before embarking on getting your own. There can be a considerable investment needed to start your own shop, so make sure you study the business closely.
Virtual Personal Assistant
There are many successful women who are personal assistants. You can work virtually for someone anywhere in the country, helping with appointment setting, scheduling, handling various duties with paperwork, and so on. The list of tasks varies depending on the client, and you can work as much or as little as you like. You will need a good computer and a reliable internet service. Budget some initial dollars just to market yourself, and it would be a good idea to have a simple website about your services. Check out other providers and what they do and how much they charge. It is all easy to discover.
Certainly, there are other career options when it comes to working on your own, but these are some of the more popular ones to consider. Remember, do your homework and ask yourself the questions noted above. Plan for your success!
If you don’t have a sufficient amount of money to start a small business, you can apply for a payday loan and get up to $1000 in minutes. This type of loan can also be used to fulfill small financial needs. You can get funds very quickly just after filling a short and secure application form.
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