The Indian Socio-economic landscape looks extremely promising. Not only does the country have all the right resources to support a rapidly developing economy, but there is also a paradigm shift in the mindset of the people. The youth today is not afraid to experiment with new ideas and take the leap to start new ventures.
Indian women, too, are making a big difference here and coming up with new ventures and start-ups. In fact, as per recent figures, about fourteen percent of Indian entrepreneurs are women who are making a big difference and contributing to the economy. The government, too, has played a great role in encouraging women entrepreneurs by making provisions for MSME business loans interest rate that women can avail from reputed banks and NBFCs. In such a conducive and growth-oriented environment, many more women can come forward and start their new ventures.
Listed Below are a Few Exciting Business Ideas for Women Entrepreneurs.
Healthcare and Fitness: In the Post-Covid world, people have started taking their health very seriously and are ready to invest in various lifestyle activities that ensure good mental and physical health. Women entrepreneurs are already shining in this domain, and there is room for more. Women with complete knowledge of yoga, aerobics, Zumba and other alternative therapies can always create a good revenue-generating business with minimal investment.
Beauty and Wellness: This is another domain where women can really make a mark and generate a steady income stream for themselves. They can either open a spa and salon or a nail art studio or even a bridal makeup studio. Since women understand the nuances of beauty and makeup very well, they can always excel in these businesses if they can position their offerings correctly. If they can register their salon or studio as an MSME, they can even apply for a loan to grow and develop the business.
Art and Handicrafts: Many women are quite skilled in making different kinds of products which can be used for decorative purposes or for home use. Items like hand-painted boxes, jewelry and embroidered clothes, as well as homemade pickles, have a good demand in the international market, and they can always establish a good business by making these in bulk and, if possible, even exporting them.
Soaps and herbal face and hair masks: Home-made face-packs, face masks, hair oils etc., have always been a way of life in Indian homes. Many women entrepreneurs have taken these recipes passed down generations and created excellent homemade self-care brands out of them. These unique soaps, ubtans, packs and other such products have great demand in the market, and many more women can start packaging these and selling them in the Indian as well as International markets. For the initial investments required to start such a business, women can always get MSME business loans at a low-interest rate from reputed banks and NBFCs.
Food and Beverage Business: Most women are instinctively and naturally good cooks and can always turn their culinary skills into a thriving business. They can either start a cloud kitchen from their own home or set up a small café or restaurant in a convenient place where they can serve people their choicest recipes. For these ventures, too, women can apply for MSME loans from reputed banks and NBFCs.
By trusting their own abilities and putting in that little extra effort, today’s women can create impactful and high-income generating businesses. The government as well as many financial institutions, are also coming forward to help them in their ventures with low-interest business loans.
You have to work on your strengths and have to seek help for the problematic areas.
Here is a list that you can follow in order to run your business smoothly.
Set a goalIf you own a small business, it is possible for you to have a big team.
If you start making small goals, you can easily reach your destination soon!
Attractive business presentationAre you famous for making attractive presentations back at college?
You need to present your ideas and vision in front of the financers.
