The largest share in the number of establishments under women entrepreneurship is held by Tamil Nadu i.e. 13.51%
In the wake of economic globalization and liberalization, there is a growing wave of women entrepreneurship in India. The increasing presence of women entrepreneurs in India has changed the demographic characteristics of the business and economic growth of the country.
According to the recent sixth economic census, women constitute around 14% of the total entrepreneurship i.e. 8.05 million out of the total of 58.5 million entrepreneurs.
With 73.4 per cent of its women literate, Tamil Nadu has the highest number of women entrepreneurs. In India, the largest share in the number of establishments under women entrepreneurship is held by Tamil Nadu i.e. 13.51%.
Thus, there are a plethora of business opportunities for women entrepreneurs in Tamil Nadu and franchise business offers a whole host of benefits. Franchisee business models offer a great way for aspiring women to ease their way into the world of business and self-reliance.
Here is the list of some profitable franchise opportunities for women entrepreneurs.
The beauty industry is one of the lucrative sectors of the franchise model in India. The salon industry is growing fast, generating annual revenue of around $20 billion, which will reach $58.7 billion by 2019. However, venturing into the salon business is not a cake walk. This is where franchises come in the forefront.
There are many options in the beauty sector for women entrepreneurs to choose from. Depending on the choice of preference and budget, beauty industry offers a plethora of opportunities ranging from beauty parlours to specialized spas.
Not only are women more naturally inclined towards teaching, but there is also an ever growing market for pre-school as well as play schools across the country. The preschool education industry itself in India is currently valued at more than 15,000 crores, growing at a high CAGR of 23%.
Parents are more concerned than ever with their kids' future and will spend money to give the children the best possible education right from preschool levels. Therefore, opening a preschool franchise business in Tamil Nadu can turn out to be a wise business decision.
Most pre-school and play school franchisees require less than Rs 10 lakh as investment making it less risky for first-time entrepreneurs.
If there is one thing that is associated with women over a period of time, it has to be fashion and jewellery. With changing times, the purchasing pattern and behaviour of consumers have also changed. Today's young women like to flaunt their attires and jewellery rather than stacking them. The fashion conscious Indian women with higher disposable income are driving the fashion and artificial jewellery market in India.
The artificial jewellery franchise is flexible; as it doesn’t require high investments and there are many ways to start and grow your venture.
Due to the high soaring price of gold and diamond, the artificial jewellery franchise business has a great potential to prosper. This again is a great opportunity for franchise owners especially in tier 2 and tier 3 cities to explore as a definite business strategy.
Those who want to start their own business or take up franchises can join in the FRO 2018, happening in Chennai on 15-16 December, to know more about the franchise business, financial advice, and business advice from the experts. Meet the investors personally and participate to change the small world of business. Click here to know more: https://bit.ly/2Qr2HNo