We often take inspiration from the serial entrepreneurs who are constantly developing ideas into business ventures, one after another. But, as much inspiring as that is, it is also quite intimidating. Some people are creating revolutionary business ideas repeatedly, and we can’t even manage to come up with one practical idea. That’s discouraging, right?
Well, fear not. We have made a list of the top 5 business ideas that are well suited for women entrepreneurs.
How to choose the right business idea?
Firstly, you must focus on your skills, knowledge, expertise, experience, and passion. Passion is the most important thing when you want to be an entrepreneur. So, ask yourself if you are passionate enough to make this venture a success or not. There will be failures in your way, and without passion, you won’t have the desire to continue down this path.
Secondly, you should evaluate how your business idea is going to fit your lifestyle. If you are okay with working late every night and bunking your personal life, go for that idea. But, if not, it’s better to find the right idea that seems feasible from the beginning.
Finally, it’s time to do some due diligence. Your business idea must have a demand in the market. How will you differentiate your products from the competitors, how will you afford the start-up cost, will you find investors for this idea-are some basic questions to ask here. You need to create a book of business too because, without at least some clients, you can’t convince investors.
Follow all these steps to get your fair shot at success and becoming an entrepreneur. Now, let’s focus on the business ideas.
1: Life Coaching
We often idolize women as the embodiment of wisdom and affection because of their motherly instincts. So, ladies, it’s time to use this image to your benefit and start your life coaching business. It is a relatively simple idea to begin with, and you won’t need any investors for it. Just pick a niche that you have the most experience in, find out some clients, know their needs, and craft your first offer. After choosing the right niche, finding clients should not be a big deal in this social media-dominated world.
For example, if you are good at handling kids, you can include parents struggling to raise their kids in your book of business. Suppose you are good with numbers, find clients who are struggling to make some investment scheme work. If you have had a troubled childhood, advise teens to overcome that phase like you did. Trust me; everyone is facing problems with something in their life, so grab that opportunity, and start your business.
If you love to eat, you must love to feed. Work on your cooking skills, and start your bakery business today. This is a good idea to initiate your serial entrepreneur dream. You can pick some confectionary dishes, promote them on social media, and sell them at a moderate price. You might even start getting orders for catering desserts at parties and events if you are good.
We all have a sweet tooth, so lure that spirit and create your client base. Ask for referrals, and don’t forget to ask for your customer feedback. You will find many people from your friends, families, and neighbors to include in your book of business. Once you have enough profit, you could open a physical outlet of your bakery to give your business a professional touch.
3: Fashion Designing
Not all the serial entrepreneurs of the world have degrees in everything. It’s just about the right mindset and tricks that can make your business ideas work. For example, women love fashion, don’t they. If you dress up well, you can make others look good too. Too many people are in dire need of a fashion makeover, so find them out and create your business book.
Grab some old clothes and modify them into something new with some readily available materials. Now, try them on, ask your friends to model those clothes, and promote them on social media. With enough promotion, you will start receiving clients who want their old clothes to be modified into something more attractive. You may even create your fashion brand over time.
4: Day-Care Services
The idea of day-care services or creche is pretty popular with so many working mothers in the world. If you are good with kids, you can deck up a small room in your house with toys and pictures. Keep all the essentials to take care of toddlers like diapers, basic medicines, fast-aid kits, clothes, some foods, etc.
You will have no shortage of clients to include in your book of business in this venture. So, rather than sending our kids to a creche, we might feel safe to keep them with someone more familiar. So, that’s your opportunity right there.
If you have a good eye for subjects, photography may just be the right thing for you to start your business idea. Use your camera to click photos of your friends, of random people at parties, weddings, of your neighborhood, of landscape, etc. Now, post them on social media, and create your portfolio.
You can start increasing your price once you have a good client base. It will be good to expand your book of business in this way. You can also submit your photos to magazines, and newspapers, and you will make a handsome salary from there as well.
All these business ideas are good to kick-start your dream of becoming a serial entrepreneur. They don’t need massive investment, and they work almost in every locality. So, if you are worried about their market demand, don’t. Instead, dive deep into your creative personality, and find out which of these ideas suit you the best.
Rogen Rosenberger is a professional content writer with years of experience in blogging. He graduated from Standford University, California, and then started his career in blogging. He is also a freelance content writer and contributed articles to Big Jar News, Global Business Diary & Small Business Journals. Also, he is interested in travel, food, technologies, fashion, and much more.