The statistics are fantastic: Women-owned businesses have increased by 3,000 percent since 1972 and 40 percent of entrepreneurs today are female.
Women are starting a small business for the flexibility and control these ventures can provide. If your corporate career feels unfulfilling, maybe it’s time to launch your startup. What type of business should you select? You have lots of options and this article will show you a few of them.
Entrepreneurship Tips for Starting a Small Business
We have a list of business ideas suitable for everyone from the stay-at-home mom, the midlife careerist, or the soon-to-retire—and anyone else we’ve missed. The question is, which of these is right for you?
1. App Development
These days, there is an app for just about everything. If you have a love of technology and an idea, you can build a mobile app and monetize it.
2. Blogging
Blogging is a business that can start as a side hustle, but if you find the right niche, build a group of followers, and use techniques like membership or affiliate marketing, you can make substantial money each month. Millennial Money says you can bring in an extra $500 to $2,000 a month in your first year. Considering that you don’t need small business loans to create a blog, this is a low output starter venture with a decent return.
3. E-Commerce
Developing a website and handling fulfillment and marketing are all in a day’s work for busy e-commerce entrepreneurs. Or consider a more plug-n-play approach reselling products on Amazon.
4. Food Service
Have you always wanted to open your own bakery or restaurant or coffee shop? How about a pizza parlor or even a food truck? If you love to cook and have the knack for the business, food service could be your best choice for starting a small business.
5. Franchising
Franchising a business is a great way to lessen the risk of creating a storefront business. A franchise is a proven business model that you can replicate in a new market, but you have to have the cash to buy into the business. Don’t worry; Benetrends can help you find small business funding.
6. Freelancing
If you’ve not been following the rise of the freelancer nation, pay attention. There are 57 million freelancers in the United States alone. These are roles you can work to supplement any part of your income simply by using your computer, internet connection, phone, or even your car. Today you can be a copywriter, or administrative assistant, recruiter, customer service representative, designer, or just about anything else in the freelance economy.
7. Personal Trainer
Becoming a personal trainer can start small and expand. For example, you could conduct classes in a park outdoors without having to seek out small business funding for a studio.
These are just a few ideas, but the possibilities are nearly endless for women today with an entrepreneurial spirit. Some of these ideas require upfront cash to launch the business. That’s where Benetrends can help. We offer help finding small business loans to help the women-owned business survive and thrive. No matter your passion, you can count on us. Start by downloading our Innovative Funding Strategies For Entrepreneurs.