Setting up a business is a crucial phase in anyone’s life – more so in a woman’s life. From the very outset, the journey is strife with challenges on the financial, logistic and domestic fronts.
However, times have changed a lot with the advent and the popularity of digital media. People from different strata of the society, including women, fresh graduates or homemakers, are keener to develop something of their own and break away from the conventional 9 to 5 schedule.
They have now started to believe in the age old saying, ‘Where there is will, there is a way.’ Apart from the need to be your own boss and to enjoy the benefits that come with it, entrepreneurial success brings a sense of deep satisfaction and achievement, once you are past the initial obstacles.
The Growth in Entrepreneurial Activities in India
India has witnessed a steep rise in entrepreneurial activities in the last decade. Smartphone adoption is one of the key reasons behind his upward trajectory along with an increase in data services.
Today, the youth believes that if you have an idea, and you have the internet, you can at least try to convert that idea into a successful business. It may not be that easy, but it is definitely worth giving a shot.
The lives of Indian women have also changed for the better in recent years. They are no more confined to the rules of society and are consistently coming up with new business ideas to help in supporting their families.
In the world of excessive consumption, it has become a necessity for women to contribute to the financial needs of a family.
If you have a new business idea that seems to have great potential in the market, setting up a viable and profitable business venture with minimal capital is certainly possible today.
Check out top 10 small business ideas list for Indian women, which have the potential to create financial independence for you and your family.
1. Consulting Business
Consulting is one of the small business ideas for women that is easiest to start if you have years of expertise in a specific field.
If you think that you are well-acquainted with the market around you, and you also have an enviable network of contacts with professionals from diverse industries, you can go ahead and set up a consultancy firm without investing much.
Moreover, in the initial days, you need not even have a physical office to provide information to your clients. You can turn a garage or a spare room into your home office and operate from there.
You will always have the option to use online resources like Facebook groups, social media networks, live videos and YouTube channels to promote your expert consulting service.
If you’re an expert in the field of engineering, management or technology, you can register on websites like GetMeExperts.com that focus on providing consultants and experts for on-call advisory from which may be as short as 15 minutes.
2. Fitness Centre Or Gymnasium
Starting a fitness centre as a small business in India is a good idea as interest in fitness is growing every day with awareness of health issues in the media and the number of fitness-conscious people have increased.
Starting a gym is one of those small profitable business ideas that might require a little more investment to set up, as gym equipment can be really expensive. But it’s a one-time investment and the returns can be quite profitable.
If you’re a yoga expert or a trained aerobics trainer, you need not even bother about any equipment.
3. Fashion Boutique Or Clothes Store
Because Indian women are so obsessed about wearing beautiful clothes, starting a fashion boutique is usually the first thing that comes to many women’s minds when considering creative small business ideas to start.
And why not? After all, fashion is ever-evolving, and unless all humans are wiped out from the face of the Earth, fashion will continue to be a booming industry.
Although there is no dearth of boutiques in an average city, the buying power of the Indian customer is also increasing every day.
A small boutique can house anything from clothes and accessories to home decor. You can also attract more eyeballs by setting up a small section for interior design.
4. Catering Business, Café or Restaurant
The food and retail business is yet another industry that will never cease in importance and starting an outlet that supplies food in one form or another can be one of the most successful small business ideas.
The increase in disposable income has made restaurants a daily affair for working people. On top of that, many Indian women show remarkable talent in the kitchen and are passionate about cooking. So why not apply your skills into your business venture?
You can start your own café or a small food small business at home like a catering or takeaway service, perhaps even supplying tiffins to office-goers and bachelors. That skill can then be scaled up into starting a posh restaurant in the future.
5. Internet Business
Just like everything else, the internet has changed the way we can think about earning money. There are a lot of ways to start earning online.
You can open an eCommerce store and convince new businesses to partner with you to sell their products on your platform in exchange for a commission.
You can also put almost any of your skills to use and start freelancing on the web. Social media has put an endless number of marketing tools in our hands to make the best use of.
Platforms like Instagram, Twitter, Facebook and Pinterest can help you establish a small business without the need for a physical storefront.
6. Daycare Center for Children Or Pets
You can turn your love for children or pets into a small scale business by opening a daycare centre at your place.
This is one of the best small business ideas from home as people are finding it increasingly difficult to balance their work and home life and it fills a much needed niche in the market.
While couples sometimes have their parents to look after toddlers, the increase in the number of nuclear families has made that option quite rare.
Even if one wishes to have pets, it becomes really difficult to leave them all by themselves, when they go for work.
In that case, if you can open a daycare or a crèche with a separate section for pets, your business will have the potential to turn out to be one of the most successful small business ideas in India.
People will definitely appreciate a place where they can leave their kids or their pets for the entire day without any worry. Thus, spending the day with chirpy kids and mischievous furry friends can be fun and lucrative at the same time.
7. Store for Pet Products
As an add-on to the pet sitting business, you can earn additional revenue by starting a shop to cater to the needs of indulgent pet owners.
Every second family has a pet these days, and pet lovers are more than willing to splurge on accessories and fancy knick-knacks for their furry friends.
You can load your store up with canine and feline treats, regular pet food, pet accessories, clothes, houses, beds. If you become a regular supplier of all these goods, you are sure to become a household name for pet owners all over the country.
8. Beauty Parlor
Just like fitness and fashion, the beauty industry also shows no signs of going into oblivion in the recent future and can be one of the best small scale business ideas for housewives.
All you need is to complete a professional beauty course in India and get certified as a beauty professional to kick-start your business venture.
This is one of those small business ideas that you just cannot go wrong with. The more people emphasize their outward appearance, the more chances you will get to grow your business.
9. Gift Shop Or Store
You do not necessarily need prior experience to set up a gift shop, especially if you own a piece of commercial real estate in a good location.
Most of us know what to expect in a gift shop, and you can order things from a trusted dealer. That apart, it will be profitable for you if you keep a section for stationery goods, which can handy to anyone in need.
In the age of the internet, there is also no pressure to set up a physical storefront. You can create an eCommerce store with separate sections for gift items, stationary goods, flowers, accessories, jewellery and many more items of value.
These days, the idea of customised gifts has been able to win hearts all over. If you have the creativity and craftsmanship required to sell customised gifts online, this creative small business idea might just be right for you.
If you do wish to set up a physical store, search the internet for the latest gift items and build your stock. There should be people lining up outside your store in no time.
10. Jewellery Design Service
Customised jewellery is on a rise. More and more women are keen to invest in customised junk jewellery. This is one of those creative small business ideas for creative business women, who know exactly what their customers need.
If you have an inclination towards designing jewellery, you can start with it right now. All you need is some training in jewelry design, a sense of fashion, knowledge of ongoing trends, and a social media platform to promote your business.
Once you earn a sufficient amount of money and gain a loyal community of followers, you can always move to the eCommerce option to establish your brand.
Now that you have so many ideas to start off, make sure you choose the one that specifically applies to you, your ambitions, passion and hobbies. That way, you will no longer be working but living your dreams.
I hope this list of business ideas will help you start your own small business in India. Consider making a small business plan to improve your chances of success and learn about small business loans for women-owned businesses in India.
About the author:
Priya Florence Shah is the publisher of Naaree.com and offers career coaching services for work-from-home and stay-at-home moms. Book a career coaching session with her for work-from-home career advice.
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