Many times we get excited about starting a business, but don’t know exactly what type of business to start. This is the most important part though! Just as you do not want to start a race running in the wrong direction, so have a clear reason for being in business besides just to “make money”. You need a clear value you are delivering to your customers. With so many business ideas available to us, it becomes even more difficult, but it is essential that you try to start a small business where you can do something that you are passionate about.
The following business ideas are ideal for women and mothers that might want to add additional income to the household budget.
Five Ideas for Women Who Wish To Start Their Own Business
1. Your Own Gift Basket Service
This is such an easy small business to start directly from your home. There are no real start-up expenses and you can initiate the business by serving your immediate community and then slowly expand the business, as it grows. Gift baskets come in all shapes and sizes and can contain almost anything, so you can be creative as well. Many people opt for a gift basket, as it is an easy and convenient way to say “Get well soon” or “Happy Anniversary” to friends and family. Advertise your own business through flyers in your neighborhood and immediate area first, and then consider expanding it when the demand is there.
2. Be a Virtual Assistant
Business ideas that include the delivery of a service or services that are in demand are always a great idea. Being a virtual assistant is one of the best businesses to start today, as there is an enormous demand for it. You will have to perform tasks, which are mainly administrative in nature, such as research, typing and word processing. This can easily be done from your home as well. You can even work as a virtual assistant for somebody that are from another country, as all the communication can be done via email or an online messenger.
3. Start a Daycare
This business idea still remains one of the most popular and one of the easiest ways for a woman to earn money. More and more women have to go out and work office hours, so the demand for daycare has increased significantly. If you have the space at home and you have a passion for kids, then this is the perfect small business to start. Ensure that you follow the correct channels and to get permission from your neighbors, for example, when setting up a daycare business at home.
4. Start a Transcription Service
This is another one of those business ideas that allows you to work from home, and it costs very little to startup. You can easily choose a niche that interests you and start transcribing. Use any of the numerous online resources to learn more about how to start your own transcription small business from home.
5. Be a Business Consultant
This business idea allows you to coach others that want to start their own successful small business. There are quite a few business coaches around these days, but you can be a prominent one by specializing in a market area that you are passionate about and know plenty about as well. This idea works especially well for female entrepreneurs who have had some success in the business world in the past, and can apply their expertise to help other businesses reach their full potential.
As you can see from this list, there are many types of companies that can be started with little or no capital. And it can remain a nice side income, grow into a full time income, and even possibly grow beyond that. It’s up to you!
Updated 7/29/2014: minor updates