What’s the Best Business for Women Entrepreneurs?

All successful entrepreneurs started with an idea. The only way to become a successful entrepreneur is to build a plan that will take you to the desired goal and implement it. There is no “magic formula” or an effortless way to become successful. To be your own boss and be successful in doing it, takes time, learning, and consistency.

The truth is that most successful entrepreneurs failed many times before they achieved where they are now. Mostly, the most difficult step is to decide what is their business idea. But there are some women entrepreneurs who have ideas that come to them very easily but implementing them becomes a problem.

Building a business plan will give you the right tools to develop the vision you want to accomplish. Doing the business plan exercise will provide you with the information you will need to do the business you are dreaming of having. If you are still not sure what type of business you want to do, consider the following:

• What would you like to do and what are you really good at?
• Do you need anything to get out of the business?
• What are the things you need to learn and master before you start your business?

Write your GOAL

• Are you interested in replacing your current job income?
• Would you like to earn an additional income?
• Are you looking for more family time?
• Do you want to help other women entrepreneurs?
• Would you be able to contribute something to the business community?
• Would you like to have more time and income freedom?
• Why do you want to be an entrepreneur?

Identify what you would like to do for the next 10-20 years based on your skills. In what areas do you excel (strengths) and in what areas do you need to improve (weaknesses)?  Don’t forget to network with people and offer your services to others. You might be able to help other women entrepreneurs as well.

Come up with  business ideas from what you would like to do

Selecting activities that we are passionate about makes a big difference when we start a business. Every new business requires time, energy, money, and some sacrifices… So being passionate about what you do will really help you not to quit.

Think about this: If you select something that you dislike or hate… How long do you think you will last before quitting? Why don’t you ask yourself the following questions:

• Would you like to work on a hobby and make money doing it?
• How do you see spending your free time?
• If you were able to get a job you really want, what would it be?
• Do you like working with people on a voluntary basis?

These books might help >> Check it out on Amazon by clicking the image:

Your weaknesses: What do you need to learn?

Dreams sometimes need a little help. Some of the things we are most interested in are those we have yet to learn. You can earn income by teaching others your musical skills if you love music, for example. Alternatively, you can get a degree and show it as an expert.

In some cases, it can take a year or two and a few semesters to complete a degree. You can find training at womenentreneursite.com/trainings or at your local community college. You will learn how to increase your income by taking those classes.

Your Strengths: What are you good at?

By helping others with your skills, you can earn income and help people. At fivver.com, you can offer your services as a photographer, web designer, or copywriter. You might consider starting your own private practice online (upwork.com) if you already have a college degree.

Perhaps you have a hobby that others would like to learn, such as cooking, candle making, make-up artistry, etc. Ask your family and friends what you are good at. The truth is we never realize our strengths until someone tells us.

Having trouble getting started? Take a look at these business ideas to get inspired:

• App Developing
• Online Retail/Wholesale
• Financial Services
• Agriculture and Farming
• Dog Walking and Pet Services
• Cooking, Catering and Restaurant Management
• Marketing and Public Relations
• Photography
• Law Firm
• Life Coaching
• Beauty
• Human Resources/Staffing
• Medicine and Health
• Comedy
• Educational Products
• Eco-Friendly Products and Services
• Blogging 

• Affiliate marketing
• Freelance Writing 
• Be a Transcriptionist
• Bookkeeping 
• Virtual Assistant
• Candle Making
• Basket Weaving
• Children Party Planning
• Consulting 
• Bee Keeping 
• Craft Making 
• Creche/ Babysitting/Daycare 
• Crochet Knitting
• Customized Glass Etching
• Party Planning
• Form Filling or data entry
• Graphic Design Service

Hopefully, you will be able to come up with some other ideas based on these. Invest in a business you are passionate about and believe in when you feel confident about your skills.

Keep in mind:

If you have the passion, ambition, and of course a marketable skill other people need, it is never too late to start a business you love… You might need to learn a new skill or update an old one… It is NEVER too late to start a business. Be clear about your goals.