Below are some of the lucrative business opportunities that can interest women entrepreneurs.
It is an open field now for both men and women who are willing to run and operate a business of their own. In fact, women are now walking side by side with men, when it’s about operating and growing a business through different regions.
The veiled entrepreneurial abilities of women in India have undergone alterations as the sensitivity towards their roles and economic standing in the society is rapidly changing positively. This has eventually caused the transformation in the roles of women, who are more passionate and enthusiastic towards transforming their business goals into a reality.
Evolving from Job Aspirants to Job Creators
The presence of media and diverse prospects are helping active women evolve fast, turning from job aspirants to job creators. Such women entrepreneurs are making their marks in different segments like journalists, interior decorators, fashion designers, and so on.
But there are certain areas that are still lagging in terms of women entrepreneurship. Limitations like lack of confidence, market-oriented risks, and social-cultural hindrances always act as roadblocks, which need to be dealt with to grow as a women entrepreneur. Thus, it is advisable to keep such negative elements aside and focus on what needs to be done to achieve your goals.
Mentioned below are some of the lucrative business opportunities that can interest women entrepreneurs of the modern world.
Establishing and running a boutique business is a common thing that comes to the mind of many women. Despite the fact that the market is occupied by several boutique brands that are doing well, there is an immense amount of opportunity, especially for the women entrepreneurs.
This might be because the customer base for such segments keep increasing daily, as they are looking out for quality products along with variety in the types of clothes and accessories associated with them.
In an average, an investment around INR 20-30 lakhs is required along with an area of around 400-500 sqft for running a franchise boutique business. Note that the numbers could vary depending upon brands and their business models.
The beauty segment is a massive universe in itself, which has different business options branched under it. Beauty salons and spas are some universal, but quite lucrative segments that could help women entrepreneurs earn a good amount of money along with marking their presence in this competitive industry.
A beauty salon business requires a bit of investment in basic types of equipment, training, and quality products. This business could either be started from home or through a franchise-based model. Since this business suits almost women of every age, looking for a career in this particular segment might not be a bad idea.
on an average, the requirement for a beauty salon franchise is around INR 10-40 lakhs where an area around 300-1200 sqft is required for getting associated with a franchise in this sector.
A café related business is assumed to be pretty much in women's forte as well today. Their dedication towards the industry along with the creativity aspect could elevate their cafe business, which might be a great thing to do in today's time.
A café franchise, in an average, could be obtained with an investment around INR 10-20 lakhs. Further, an area around 300-600 sqft is required for running a café franchise chain.