With the rise of women entrepreneurs in India, a growing number of mothers are also finding their calling as entrepreneurs
Running a business is an extremely difficult task, and it can be even strenuous if you a parent. But today’s women have adorned the super-mom cap quite successfully as there has been a significant increase in the number of mompreneurs in the industry.
Pallavi Rao Chaturvedi, Executive Vice President, AISECT Group, said, “With the rise of women entrepreneurs in India, a growing number of mothers are also finding their calling as entrepreneurs. There was a time when women had to choose between being a mother and pursuing her ambitions. Today, women are realizing that the qualities that make them a good mother often also enable them to handle their business ventures effectively. Mompreneurs not only bring a new perspective to a business problem but their ability to efficiently juggle between multiple tasks makes them an asset to India’s business ecosystem.”
However, the only difficulty mompreneurs face is managing their business, household and taking care of their child at the same time. Here is a compiled list of best franchise opportunities suitable for single mothers.
One of the best franchise opportunities for a mompreneur is to take a home-based franchise. A home-based franchise is any business where the primary office is located in the owner's home. The investor acquires the rights to sell the company's goods or services in a particular place with the original brand name.
These franchises can be undertaken from the portals of home while at the same time carrying out domestic responsibilities. These include consultancy services, children's services like kindergarten and nursery schools, financial services, cleaning services, computer repairs and training, photography, travel agencies, event planning etc.
Investment: 10K – 1 lakh
The biggest challenge of being a mompreneur is to take care of your children along with managing your work. If you are facing such difficulty, then starting a pre-school franchise might just be the right thing for you. Apart from great profits, fewer work-hours and being able to take care of your children are great perks to a pre-school franchise business.
Investment Required: 2-30 lakhs
The beauty industry is an ever-growing industry and often considered recession-proof. If you are also a beauty enthusiast and have a knack of giving a makeover to people, then investing in a salon franchise can be a profitable opportunity for you. In addition, if you have received training in styling, you can put your training in good use and earn handsome profits.
Investment required: 5 lakhs – 1 crore
Interior Decoration Franchise
Women are often called “home-makers”, as they not only manage household chores but also keep the home well decorated. Many women have the eye for detail and know how to utilise even an inch of the home and beautify it. If you are one of them, then you can use your talent in your business by taking up an interior decoration franchise. It offers you the flexibility to manage your work hours and household chores.
Investment Required: 1 lakh – 25 lakhs
Bakery or Ice-cream Franchise
If you have learnt the art of baking cakes, pastries or ice cream, or knows a great deal about them, opt for bakery or ice-cream franchises. One of the major benefits of starting a bakery/ice-cream franchise is that it requires less area and can be run with less staff. The success rate of these franchises is also high as they are loved by almost everyone of all age groups. These are for mothers who want to work while handling their motherhood and parallelly join the entrepreneurial bandwagon.
Investment: 5-30 lakhs
ROI: 25 – 35%