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Business Ideas for Women in India
The veiled entrepreneurial abilities of women in India have witnessed steady alterations with the increasing sensitivity to her role and economic standing in the society. Almost all countries have seen an upsurge in Women owned businesses over the last few decades. The three chief reasons for a woman to undertake business ventures are expertise, understanding of her domain and flexibility.
A women Entrepreneur is an individual who undertake exigent role to fulfill her personal requirements and in the process become financially self-sufficient. A women entrepreneur always aspires to do something fruitful and positive in the field of business besides bestowing values to family and social life.
With the arrival of media and diverse prospects, the modern women are fast growing from job aspirants to job creators. They are making their marks as interior decorators, journalists, garment manufacturers, fashion designers, etc and are equally contributing in the nation’s economy. But unlike their western counterparts, who are acknowledged and are more well-known in the business world, women in India are lagging behind due to some major limitations like – lack of confidence, market-oriented risks, social-cultural hindrances, etc. Hence, it is advisable to keep these negative aspects aside and make a promising start of your business.
Small Business Ideas for women entrepreneurs
Some of the small business ideas for women in India that can be managed from home are listed as under:
Opening a Boutique is the first thing that comes in any woman’s mind. Even though there isn’t any lack of boutiques in any city, the customer base of such stores keep increasing every day; as customers want better quality and variety in the types of clothes and accessories they wear.
This small business only needs a little investment on training, quality products and basic equipment. One can easily turn a spare room into a cozy beauty salon. This beauty business suits women of every age.
Fitness Center (Gym)
This business requires a bit extra investment to set up, but, the resulting profit is great. The gym equipments are expensive but are a one-time investment. Since almost everyone is health conscious these days, the business will be profitable. It will be to your added benefit if you are a yoga expert or a trained aerobics trainer.
If you are well aware of the market around you and have a good network of contacts with professionals from different industries, you could set up a consultancy firm and share the information with others. Setting up doesn’t need much investment. A small room can be turned into your business office.
The Internet has changed our lifestyle. There are many ways to start earning online. One can put their skills to use and start freelancing on the web writing blogs, articles and feeds for websites. Also e-stores generate a lot of revenue if they are marketed well. You can open a cyber cafe too. All you need are some computers and an internet connection.
Most women are talented and passionate about cooking. Therefore this business idea will work for them. Women can start their own restaurant or café. They can also start a catering or take-away service too.
Women love children, hence they can start up a small daycare center or creche at their homes. Spending the day with kids could be fun and profitable at the same time. Plus balancing work and home life would be easy.
No prior experience is required in setting up a gift shop business. Everyone knows what to expect in a gift shop, so order things from a trusted dealer accordingly or search the Internet for latest gift items and build up your stock in your store to sell.
Interior Decoration Store
Women have a good sense of designing and keep their homes beautiful, hence they can open an interior designing business. Keep things you would ideally decorate your house with, and capitalize on local art and crafts in your shops and find good clients for the promotion of your business.
Owning a pet is becoming popular these days and pet lovers are more than willing to spend on accessories and knick-knacks for their pets. So this business is also profitable. Start a shop to cater to the needs of pet owners with items like pet foods, accessories, clothes, cages, kennels, etc.
Other Miscellaneous Business Ideas
Apart from these women can join up with the banking sector as earn money by becoming an insurance agent. They can also be agents to sell cosmetic and branded plastic cooking utensils like Tupperware. Women can also open up home tuition in the field she is expert in. She could teach subjects or open a music, dance or an art class.
Guidelines to be followed before You Start a Business
Women in India lack self-assurance in their potency and proficiency. However, over the last few years the outlook of Indian women is changing and they are fast emerging as potential entrepreneurs.
Manage home and business effectively
A woman’s personal life sometimes acts as a great hindrance in their business career. Hence it is advisable to manage your family and career proficiently, bestowing equal and sufficient amount of time to each of them.
Self-motivation is the keyword
For establishing successful businesses learn to take risk and change your attitude towards business society by taking up social responsibilities. Understand the government business policies and get monetary help from public and private institutions.
Know your market and market-oriented risks
Learn more about your market and competition prevailing in the market. Promote your product through advertising and other popular media channels. Acquaint yourself of the fast changing market conditions by making optimum utilization of media and internet.
Understanding of Business Administration
Women should be highly educated and trained in their area of knowledge so that they can attain expertise and understanding of all the major operational aspects of business administration. This will assist a woman to take balanced decisions beneficial for expanding her business network.
Knowledge about monetary assistance
It is important to know various institutions in the financial industry which give their assistance in the form of loans, low rate interest scheme, incentives, etc. This will not only help you to kick start your business venture but would also ensure constant supply of capital.
Attend training programs
Workshops and training programs are of great help for every type of industrialist. Attend the training programs through social associations which are informative for prospective entrepreneurs who are aspiring to commence a small or medium scale enterprise.
Last Updated on May 26, 2015