Women’s Entrepreneurship is on the rise, with nearly 40% of the 33 million small businesses in the US currently owned by women. Women have contributed significantly, accounting for half of new US business filings from 2019 to 2022. A report by the US Senate Committee suggests that matching women’s labor market participation with countries like Sweden and the UK could boost the US GDP by $1 trillion within the next decade. Key recommendations include increased funding for Women’s Business Centers and allocating 5% of federal contracts to women-owned businesses.
To support this growing trend, aspiring entrepreneurs can explore various profitable business ideas with minimal startup investment. Opportunities such as photography, makeup and hairstyling, interior design, and digital marketing offer flexibility and potential financial rewards. Other viable ventures include managing social media, freelance editing, and pet-sitting businesses, among others.
By tapping into these opportunities and utilizing existing resources, women can start their businesses and potentially thrive in today’s competitive market. For an in-depth list of ideas, explore more at Insider Intelligence.
Question: Which business idea resonates with you, and how do you plan to start your entrepreneurial journey? Share your thoughts!
