Business Start Up Ideas For Women

Why Are Women Starting Businesses who are fabulous fifties and above? 

A lot of older workers are finding the job market very difficult these days. Instead of staying out of work or accepting lower pay, many are deciding that they may as well start their own business. Women over 50, in particular, are particularly attracted to the idea of being their own boss. 

• These women say they want more flexibility, and having a business allows them to set their own schedule
• The women want more control over their financial lives
• The have an idea/vision, and being self employed gives them more job satisfaction

Let me mention that being self employed is not for everybody. Even though you may have more control over your work hours, you will still have to have determination and discipline to actually make your business prosper. Depending on whether you have an Entrepreneurial spirit or otherwise, certain individuals are much better off working for somebody else. 

I will say that you do not have to start out with rocket scientist skills or a lot of money to invest. In addition, you can start many businesses part time while you still attend to other duties or a "day job". 

What Type Of Business Should Women Start? 

The type of business you will start depends upon a few things. Your energy level, the way you like to work, and your own skills and interests are very important considerations. I tried to filter down these business ideas to things that would not require a lot of capital investment to start, and that could be started on a part time basis. 

Self-service laundry or Vending Machine Business

Most of the experienced owners say that purchasing a good, established route is the simplest way to get started. You will have to do your due diligence to make sure the route is really productive. But this relieves you of the chore of having to find locations to install equipment.

You will have to be responsible for collecting money, keeping the machines stocked, and making sure the machines are in good repair. You either have to do these things yourself, or you have to hire somebody to perform some of the functions. 

This is a good solution for people who like to be active, and who do not want to get stuck in an office all of the time. You will probably need to start out by doing a lot of the actual work yourself. However, if you expand your business, you may hire employees to do some of the work for you. 

Boutique Bakeries are in! 

Small, boutique bakeries, like cupcake or artisan bakeries, are very popular today. If you love to bake, this can be a good way to turn your specialty into a business. 

Depending on where you live, you may require a commercial kitchen. However, you may solve this problem by leasing space from a church or other organisation that does not use their own kitchen during certain hours. 

You can concentrate on perfecting your treats, marketing, and expanding your business. If your business grows, you may consider getting your own commercial kitchen space later. 

Book Keeping/Payroll/Accounting Services

Businesses need to keep track of their finances in good times and bad. You can find a lot of online classes, or you can draw upon your past experiences. This is one business you can perform out of your own home, or in client offices. 

Antique or thrift shop owner

If you’re crafty or artistic there’s a good chance you’ve considered how you could turn that skill into some extra cash, or maybe even a whole business.

Online shops like Etsy allow you to easily turn your crafting hobby into a stream of extra income.

Online e-commerce platforms are created specifically for helping you list your business and products online. Some of the most popular ones include Shopify and Squarespace. If you’re looking for something more simple you could also try selling on Facebook using Facebook’s business pages as your online shop.

What to consider before starting your own business

Even if you feel like you’re ready to start your own business, there are many factors to consider when choosing the type of small business you want to start. You might not be sure where to start, so here are some of the top considerations you should make before deciding on a business.

Will this be your main source of income, or in addition to the income you already make?

What will the business startup costs be? How much do you have to invest in the business as of now, will you need further financing and if so, where will it come from?

How much time do you want to spend on your business? This relates to the first one, is this your main job or a side gig?

Do you want to use skills you already have and monetise them? Or do you want to learn new skills entirely for this new business?

Are You Ready To Be Self Employed? 

Spend some time researching different business ideas. Try to find ideas that will not require a huge initial investment or a very long work week. As your business grows, you may decide to expand. People who start with a small and manageable business idea tend to do well.