There is never a drought of ideas for women to become their own boss. We previously created a list of 19—you can read it here. To prove this point, here are 16 more small business suggestions to read about.
1. Financial Services
Many female business owners and professionals need help with their financial planning. If you’re gifted in this area, you can help retirees, artists, and other people regain control over their financial future. Take the Daily Worth, for example, which is a financial website founded by Jean Chatzky. What started as a genuine desire to help women with finances turned into a multimillion-dollar empire.
2. Life Coaching
Everyone has moments where they feel lost in their career, relationships, health, and well-being. If you’re the friend people turn to for clear-headed advice, why not turn it into a business? Life coaching can be a booming business opportunity for those great at communicating and networking.
3. Eco-Friendly Products and Services
As the world continues to become more environmentally conscious, eco-friendly products are on the rise. Whether you start selling zero-waste products or create sustainable alternatives to animal products, eco-friendly products are one of the best startup business ideas for women.
4. Agriculture and Farming
For people who love nature, an agriculture and farming business could be a perfect fit. The possibilities are endless: a beekeeping business, running a humane farm, creating an animal sanctuary, and more. The company can be education-focused, sell animal products, or do a combination of both. Many successful businesses in agriculture make hundreds of thousands of dollars every year.
Being able to capture a brief moment in time is a unique skill that can be monetized. Countless events need talented photographers, such as weddings, vacations, and private parties. Many hotels and hostels also need photographers to produce content for their social media channels and websites. The key is grabbing your camera and putting yourself out there.
6. Telephone Answering Service
Many business owners don’t have time to answer their phone all day, every day. A professional telephone answering service can solve the problem of calls interrupting someone’s workday. Answering someone’s phone calls could also be a service added to a Virtual Assistant (VA) business, which can handle many time-consuming administration tasks.
7. First-Aid Kit Supply Business
A business idea that not many women consider is a first-aid kit supply business. In this business, the company assembles and markets first aid-kits to retailers. Another option is to sell custom tailored first-aid kits to manufacturing, construction, or other niche businesses. With a small initial investment of around $2,000, this can be a simple, low-maintenance business.
8. Home Organizing
Becoming a Professional Organizer or Productivity Consultant can be an excellent business if it fits your personality. A smart first step could be joining NAPO, the National Association of Productivity & Organizing, to get your first clients. You can also become a Certified Professional Organizer (CPO) to give your business more legitimacy.
9. Music Teaching
A love of music paired with an educational backing can set you up for success in a music teaching business. Independent music teachers can give lessons either from home or via a video call. Other than just teaching, you could also sell musical instruments to increase your revenue.
10. Teaching English
Getting certified as an English teacher can be done online through different educational platforms. English teachers can stick to being independent contractors, or they can start their own business and hire other teachers. The company should either focus on K-12 learning; Business English; or test-prep, such as the IELTS English proficiency test.
A tutoring business starts by networking with your community. For example, Old School Tutoring began when the founder and his wife asked local churches to rent a few rooms and use them for tutoring. Today, they have several locations and hire tutors and counselors.
12. Handmade Item Retailer
If you’re an artist at heart, becoming a handmade item retailer can be a fruitful business. You could start a website like Handmade Business.com as a platform for other women to sell their handmade items. You could also open a Shopify store and sell from there.
13. Boutique Owner
A boutique owner curates clothing, homewares, and accessories from other shops. They then sell these goods in their shop, which is usually centered around a theme. Boutique owners can either run their shop or hire retail associates to have more flexibility.
14. Antique or Thrift Shop Owner
Consignment or thrift shop owners buy clothing and accessories secondhand, then sell them to customers. If you have a passion for thrifting, this could be an exciting business opportunity.
15. Travel Advisor/Trip Agency
These days, it’s easier than ever to start an online trip agency business. Sites like Liberty Travel help people find the best deals on flights, hotels, and tours. In turn, they receive an affiliate commission from the sales.
16. Bakery Owner
Opening up a bakery can be a dream come true for many female business owners. Since the space is so competitive, it’s essential to have a distinctive brand, name, and identity for your shop.
When you intersect passion and skills, that’s where the magic happens. Choosing the right small business idea comes down to pinpointing your expertise and interests, then finding your market. There’s no better time than now to take control of your career and act on one of these best business ideas for women.
Taking the steps to find your niche as an entrepreneur is exciting. Bank with Greenwood to help you build your wealth and get your money right while giving back and supporting Black and Latino communities, to also help Women Entrepreneurs just like you.