The cost of living is rising with each passing day. A family where only the male member is the breadwinner can sometimes find it hard to make ends meet. The need for the female member to add precious income to the family’s earnings is being felt more acutely now than ever before. Starting a business from home with a small budget is possible, and there are many ways in which funds can be raised as well. We will discuss the business ideas that are popular these days with women, and the various options that can be availed for financing.
Here are a few ideas to get you started:
Business Ideas For Women
Small Scale Manufacturing: Women business aspirants can start their entrepreneurial quest by setting up small manufacturing units. Women entrepreneurs can even pool resources to start a business on a cooperative basis.
E-Tutoring: The internet has changed the traditional way of doing many things and one of them is taking tuitions. It is no longer necessary for a tutor to sit face-to-face with the student to impart learning. Video calls or online classes can have the same impact without ever leaving your home. Such a business idea will involve investment in the setting up of IT infrastructure and intellectual resources like books and hiring of trainers. For example, a website called Examfear.com prepares quality courses on basic education for students.
Additional Read: What is the best manufacturing business to start
Day Care Centre: This is another option for women seeking to run a business. All you need is to be is responsible and affectionate towards children. With many couples preferring to work nowadays, there is an increasing demand for quality day care services. Such a business idea will involve considerable investment in the setting up of the facility and hiring workers who are skilled in childcare. A lending instrument like a flexi loan is flexible enough to meet the working capital requirements for running such as facility.
Urban Farming: With real estate prices soaring, space comes at a premium in metro cities. However, if you have some extra space to spare, urban farming can turn out to be a very profitable business. Herb farming is a good option, as herbal products are witnessing a surge in demand. Not only herbal plants, even vegetable and flowers can be included. Such business ideas will require investment in setting up of infrastructure like drip irrigation, hydroponics systems, etc. The possibilities are endless and rewarding too.
Freelance Writing: If you are gifted with words and have a penchant for writing, then this will be a great option for you. Start by writing on topics that you have knowledge about and slowly expand into other areas. With the help of great content production and an expanding client list, you can turn this into a good business in no time.
Ideas for Arranging Funds
Loans for Women: To start a business, financing is required, which is sometimes hard to come by. Small business loans for women have been specifically introduced for this purpose. Lenders are bringing out new products and schemes that are favorable for women entrepreneurs. Online lenders are a fantastic option, as they are convenient and offer competitive rates.
Additional Read: What information do you need to apply for a Business Loan
Crowd funding: This is a relatively new way of procuring finance by women business owners. The idea here is to float your business plan on social media and other sites. People who view your plan and develop an interest in it, agree to back your plan in exchange for some benefits later.
Government Schemes for Women: The government also provides financing for female small business owners to boost their development and make them independent. These loans have low interest rates and don’t require any collateral. One such example is the Mudra Yojana Scheme for Women; it encourages women to setup their own small enterprise with minimum hassle. Thus, we can see that in a country like India, with a vibrant economy and an ever-aspiring female population looking to establish themselves, opportunities are many. Online lenders are ready to assist women in this journey to realize their dreams by providing a scalable and flexible mode of finance designed to take financial worries off the shoulders of women entrepreneurs.
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