Successful Home based Business

What are the Successful Home based Business Ideas ? What are the current trends? Is it all hard work or can one have fum.The focus is on opportunities for women

You can be a home mom but you can involve your children and seek  support from your spouse or elders in the family. You too can traverse the intriguing journey of  an entrepreneur from the comforts of your home.

What are the Business Opportunities for Women Environment Provides

The environment offers same business opportunities, for both men and women. The reality is that the number of women entrepreneurs is relatively low. Home based business appears to be the preferred option. Manufacturing businesses has attracted a few women.

For Women to start business Capital is scarce

 With all these, the digital world is offering more opportunities to women. The advantages are that it can be asset less or low investment and can be operated from home environs.

"Dear optimist, pessimist, and realist -- while you guys were busy arguing about the glass of wine, I drank it! Sincerely, the opportunist!"- Lori Greiner of Shark Tank

Successful Home based Business-Business Opportunities for Women-Role

Role of Women

Women’s entrepreneurship can make a particularly strong contribution to the economic well-being of the family and communities, poverty reduction and women’s empowerment, thus contributing to the Millennium Development Goals (MDGs). Thus, governments across the world as well as various developmental organizations are actively undertaking promotion of women entrepreneurs through various schemes, incentives and promotional measures.

Successful Home based Business-Business Opportunities for Women- Limiting Factors

Advantages and disadvantages of home-based business

The major advantages of a home-based business are that you:

  • do not have a sizeable expenditure on office rental or office purchase
  • save time and money by cutting your commute
  • can be flexible around the hours you work
  • can avoid the distractions and noise of the workplace
  • are taking less of a risk with your new business as less start-up money is required

The disadvantages of a home-based business are:

  • it may prove difficult to keep work and home-life separate, and there may be domestic distractions and interruptions
  • a lack of contact with other people and businesses
  • you might end up working long hours
  • you may feel a sense of isolation if you are working alone at home with few social interactions on a day-to-day basis
  • your mortgage, home insurance and tax situation may be affected 

Source:nibusinessinfo.co.uk

Limited Mentoring Opportunities

Lack of Formal Work spaces

Marketing Problems

 Experience Sharing by Successful Women Entrepreneurs

      “When my company started really growing, I didn’t have any help in my house at all. I had the upkeep of my daily life, I had a one-year-old and a three-year-old, and I had my house. So I had to prioritize.” — Julie Aigner Clark 

      “It was a risk. I had my husband and I was pregnant with my oldest son. But I don’t look at risk the way other people do. When you’re an entrepreneur, you have to go in feeling like you’re going to be successful.” — Lillian Vernon

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Successful Home based Business-Business Opportunities for Women-Networking

Networking

Women- only networks are growing. Part of being that network is important.

IIMB and ISB- Hyderabad are offering women quality development programs to enhance management skills of.Women- only networks are growing. Part of being that network is important.

IIMB and ISB- Hyderabad are offering women quality development programs to enhance management skills of.

1.Women Entrepreneurs India

2.Her Entrepreneurial Network( HEN)

3.Federation of Indian Women Entrepreneurs

4. SHEROES-Communities for Women

5.AWAKE- Bangalore

Successful Home based Business-Business Opportunities for Women-Passion to Business

 Home based business-   Your passion is an opportunity

You are a mom who wants to turn your passion into a home based business.

You love cooking and you keep experimenting various recipes. 

Are you a mom planning or thinking on how to productively use your spare time?

Some Ideas

1.       Affiliate Marketing

2.      E- Training

3.      Event Management

4.      Home Cooked Food

5.      Beauty Parlor

6.      Play School

7.      Content writing

8.     Crèche

 Recommended Books

1.Making It: Women Entrepreneurs Reveal Their Secrets of Success – Lou Gimson

 Many women have great dreams about owning their own business, yet sadly, it often remains just a dream. The reason? All too often it's simply lack of confidence and self belief that lets them down and a feeling of being too far removed from the famous women entrepreneurs of today and unable to compete on that level. In truth though, there are thousands of women out there who are just like them, but who do own a business and are living their dreams on a scale they choose, successfully mixing home lives with a business and feeling fulfilled.

2. Women Entrepreneurs: Challenges and Prospects- Pruthi.S  

Successful Home based Business-Conclusion

The new economy has opened new doors. Governments have realized the importance of women entrepreneurship in society and have formulated many new schemes. Access to capital is also improving.There is light at the end of the tunnel as the percentage of women in business is steadily increasing.

“But you have to do what you DREAM of doing even while you’re AFRAID”- Arianna Huffington