Tuesday, March 12, 2019

business ideas

business ideas

Women Entrepreneurs and Business Ideas - YourStory.com

Posted: 12 Mar 2019 12:50 AM PDT

Let us not segregate the business ideas based on gender. As I have seen, problems faced by women entrepreneurs are same the one faced by men entrepreneurs.

As we are talking about ideas let us see the problems that entrepreneurs face in terms of ideas. Idea is the foundation to your self-employment. When you are hit by the right idea then things get going. Here, it is to be noted that right idea need not mean the one which is near and dear to you. Neither, I refer the one that is out of your area of expertise or area of interest.

The right idea refers to an idea that has both market validity and has personal interest and expertise of the entrepreneur. Although the last resort is contacting business consultants, let us look some of the ways to arrive at the right idea.

Feasibility here is an important term in entrepreneurship when we talk about ideas. Feasibility of the idea will depend on demand of the product, the market, transportation, distribution channel, and cost of production and may other factors. It is only when most of the factors align that the idea becomes feasible.

There is no point becoming a Spiderman when you do not have tall buildings in the vicinity!

So hit on the idea that has market validity and could get your personal touch.

Next step is looking for the loophole area. If you are planning to launch as entrepreneur in an industry then study the industry well. Try to detect the area where least work has been done. Just as a thesis writer!

Be honest to yourself. Chalk out the strength and weaknesses so that you don't land up playing against your weakness. Before starting off as an entrepreneur make sure you are well aware of the strength and weakness you have.

What you like?

As I have mentioned above that a larger part of the right idea comes in the question what you like? This could be measured from the areas you are good at. For some entrepreneurs these two may be different concepts. Is it teaching, giving advice, software, food, cafes or medical treatment? The options are endless.

You are the boss here!

Sometimes, it may happen that you are unaware of the skill and talent you have. Our family and friends tend to know us better. A good way of knowing it is to ask them.

Find out what else has to be learned in order to get your idea in the market. You may need to get training in what you are thinking to pursue as an entrepreneur.

Why not go through some of the ideas now? These ideas are especially picked up for you. Keep in mind these ideas have got nothing to do with gender, at the end of the day. You can do anything you want, provided you have a thorough market research done.

Writer :

If you think your kind of business is the one that can be operated from home then being a writer is the best option possible. If you have a flair for writing set yourself as freelance writer. Later on you can start to send out projects to junior freelancers.

Graphic Designer :

You can start off as graphic designers. In India there are short terms courses on graphic designing. With digitization catching up the market like wild fire, graphic designers get placed well. You can also take up freelancing projects.

Teacher :

If you think corporate timings are not your thing and you are good teacher then set yourself up a coaching center or a small school.

For more business ideas get in touch with business consultants.

Boutique :

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.

Beauty Parlour :

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.

Gift Shop :

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.

Bakery :

Bakery products have gained popularity among Indian consumers. In today's complex and competitive food industry, growth comes through innovation. Selecting the right product and proper marketing strategy are the major deciding factors in getting success in the bakery business. This is one of the most profitable small scale business ideas for women entrepreneurs.

Form filling or Data entry :

There are data entry jobs, wherein you should refer the internet for filing the forms. Here you can earn a certain amount of rupees from each form and so you will be paid on the basis of the number of forms.

Jewlery Making :

A person who is crazy about jewelry and passionate to handle crafts materials like beads, charms etc. can start a jewelry making business. Having some training in jewelry making is essential in starting this business with a small investment.

Selling Online :

Selling online is another option. If you are passionate about a given class of products, such as fitness paraphernalia, you will have great success. There is plenty of money to be made.

A lot of us have a fascination with custom-made jewelry, but very few know how to make it. If you are among the select few, you could open an online custom jewelry store. Online beading stores are a variation of this.

If you have the power to transform a face with your makeup skills, why not share them? You can even sell your own makeup. This is a newly developing and very interesting niche.

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. 

13 Small Business Ideas - WTOP

Posted: 14 Feb 2019 12:00 AM PST

Say you're thinking of launching a side business to make some extra income. Or perhaps you're sick of your day job, and you're ready to put your entrepreneurial skills to the test and turn a passion project into a lucrative profession. Before you build a road map for your business, you need an idea that's both popular and profitable. To help you jump-start your search and get started, use these pro tips and discover small business ideas well-suited for a variety of aspiring entrepreneurs.

Here's how to determine the type of small business that's right for you:

— Brainstorm, based on your passions and skills.

— Consider your resources.

— Determine whether your idea will match your aspirations and meet your goals.

Depending on your interests, experience and what you're looking to get out of the business, there are plenty of side business concepts to consider. Read on for strategies to ensure your small business idea is a success and the right fit for you.

[Read: Best Small Business Apps.]

Brainstorm, Based on Your Passions and Skills

Before you browse a list of potential business opportunities, ask yourself: "What do you do best?" suggests Susan Petang, a certified stress management and life transformation coach in Amityville, New York. "Make a list of the talents and skills at which you excel."

She also suggests thinking about your business skills. She recommends asking yourself the following questions: "How well-versed in marketing, sales, accounting and so on are you? If you don't have the necessary business skills, what resources can you access to either learn or get expert help?"

Consider Your Resources

If you want to decide to open restaurant, for example, you're going to need capital, permits, licenses, equipment and a food supplier. While none of these obstacles may prohibit you from opening a business, remember it will take time, planning and a well-laid-out business plan to get your company off the ground.

You may, instead, want to try a business that you can run from home to keep costs low, "especially businesses focused on marketing intellectual property or soft skills," says Shel Horowitz, a Hadley, Massachusetts-based business coach who specializes in eco-friendly practices and is the author of numerous books, including "Guerrilla Marketing to Heal the World."

"I started my own business — in 1981– for $200, $176 of which went to buy a used IBM Selectric typewriter. I spent $12 each on initial marketing and the first batch of office supplies," Horowitz says. "These days, when almost every household already has a computer and internet connection and surplus computers are easy to find, you could start a business with zero capital."

Determine Whether Your Idea Will Match Your Aspirations and Meet Your Goals

Once you've decided to take the leap and start a business, you may want to talk to a business coach or seek out a meeting with somebody from SCORE, a national nonprofit organization that offers free business mentoring services to aspiring and established business owners. You might also want to look into hiring a business coach or heed the advice of Nikki Nash, a business coach. Whenever she talks to entrepreneurs about a business idea, Nash suggests that they ask themselves three questions: Can I see myself doing this for at least three to five years? What would need to happen over the next three to five years for my business to succeed, and do I think it will happen? Am I willing to do the work? "If someone can answer yes to all of their questions, then they have an idea worth exploring," she says.

Whether you're seeking work-from-home opportunities, a part-time business or to begin another endeavor, there are plenty of small-business ideas to pique your interest. We've pinpointed some ideal opportunities as a starting point to help guide your search.

[See: 10 Expenses Destroying Your Budget.]

If you're really good with your hands, consider the following small-business ideas:

General handyman type of work. If you have the tools, launching a side hustle as a handyman can be a relatively easy business to start. The only snag: You'll want to become licensed and insured to protect yourself if something goes wrong.

Carpentry. You can make good money with a carpentry business, if you know what you're doing. That said, the work can be dangerous, so you would need to invest in good insurance.

An appliance repair business. Like other startups, you can charge what the market bears. The only limitation: Appliances are increasingly becoming computerized and wireless. Plus, you'll likely want to invest in insurance to offset potential injury and damages costs.

If you're really good with computers and tech, consider the following small-business ideas:

Coding. As the artificial intelligence industry continues to heat up, the demand for coders is likely to continue. Plus, you can easily start a coding business from home. The only con: You may be sitting at your desk all day, which can take a toll on your health.

Computer repair. While you'll likely have minimal startup costs, computers and devices change so quickly, you may have to spend a lot to take classes or seminars and stay caught up and keep your skills fresh.

Web design. A web design company comes with the bonus of minimal startup costs and the opportunity to work remotely or from home. The only drawback: You may face steep competition in a saturated marketplace.

If you're a talented chef, consider the following small-business ideas:

A catering business. While you would have the advantage of being your own boss, you'll need to get licensed and insured, and you may have expensive startup costs.

Making your own line of food. Starting your own line of food is expensive and time-consuming, so you'll likely want to start small, with steps like bringing your branded cuisine to festivals or a local farmers market. However, if you build your exposure, you may be able to find a company that will help package your food and turn a profit.

Opening a restaurant. Starting your own restaurant is no easy feat. Some obstacles in the beginning stages of getting your business off the ground include learning how to market your restaurant and complete payroll, establishing a loyal customer base, investing in equipment and handling health department regulations. Another barrier: It's a demanding profession, and you may be working a lot of nights and weekends.

[See: 50 Ways to Improve Your Finances in 2019.]

If you want to work from home, consider the following small-business ideas:

Day care provider. While you'll need your home zoned for a commercial business and get insured, on the plus side, you'll get to work with kids and be your own boss. Best of all, you may be providing a valuable resource to your local community if there is a high demand for child care services and facilities.

Tax preparation or bookkeeping. On the upside, bookkeeping requires low overhead and startup costs. However, you'll need to take key steps to ensure that your business is hack-proof and protected from identity thieves.

Any online business that you can run from your home. Operating a business from home comes with low overhead costs, but keep in mind that you'll still need to invest time and energy to build a client base and establish your brand. And, if you're planning to sell products such as baked goods, photography or antiques, you'll need a place to keep your inventory.

A small-scale real estate agency. Building a client base can be tough at the start. You'll have to invest heavily in marketing, create a web presence and convince people to drop their agents. Plus, you'll need to get licensed to know the ins and outs of deeds, title insurance and liens.

More from U.S. News

8 Big Budgeting Blunders — and How to Fix Them

A Guide to Launching Your Side Business

10 Offbeat Ways to Earn Extra Money

13 Small Business Ideas originally appeared on usnews.com

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