Women-led businesses are on the rise. Even in Canada, women, entrepreneurship is growing in leaps and bounds. Today, there are more than 360,000 entrepreneurs in Canada, and there has been a 30% increase in women-led companies in the country. However, it’s a fact that every aspiring woman entrepreneur usually struggles to decide on the right business idea. And it’s also a fact that the road to a successful business is having a robust business idea.
So, in this article, we have curated a list of the top 5 business ideas for women for the upcoming year. And if you are an aspiring entrepreneur in Canada, these small business ideas for women might help you to take a fruitful step towards achieving your entrepreneurial dream.
If you are good with your words and if you think you can weave them into stories for your online readers, blogging could be an amazing way to start off as an entrepreneur. The good thing about blogging is that you can do it from anywhere, at any time. The only thing you will need to have is a laptop, with a robust internet connection. But before jumping straight into blogging, you will need to find a niche about which you are going to write. You can be a food blogger, a travel blogger, a beauty blogger, or even a mom blogger. And if you can acquire readers, you can earn up to $10,000 a month!
Bookkeeping is the process of keeping the records of financial transactions, and it plays a huge role in the accounting procedure of any business. Transactions that include purchases, sales receipts, online payments, etc., by an organization or an employee of a business are generally traced by the company to balance all the accounts in detail every month or every quarter. So, if you think you are good in finance and accounting, a bookkeeping business can help you earn around $55,000 annually.
With companies slowly getting back on track after the pandemic, they will inevitably look for employees. And here, you can take a leap and start your own staffing agency. If you are good at making connections and cold calling, you can earn a good amount by recruiting people for different firms. There are a number of recruiting companies already doing well in Canada. And if you think you can make a difference in this area, go ahead and start as a freelance recruiter, and then slowly build a full-time recruitment agency on your own.
4. Hand-made Products
If you are creative enough to make candles, soaps, or gifting baskets yourself, you can take it up to the next level. Also, if you start selling your hand-made creations online, you will not even have to worry about having a dedicated office space for that. You can start from your home, take the help of a delivery partner and start selling your products online. You can even take the help of social media to sell your products. Simply create your page, give it an attractive name, create striking images to market your brand, and sell them on Facebook and Instagram.
5. Life Coach/Fitness Coach
The pandemic has made us realize how important it is to take care of our health. Also, a lot of people have lost their jobs and are worried about their future goals. So, as we are nearing the end of this lockdown stage, there will be people who will start looking out for fitness coaches and life coaches while sitting in the comfort of their homes. If you think you are good at any of these, you can promote yourself on your social media pages and start giving life coaching or fitness coaching through online classes.
Wrapping it Up,
It is never too late to start something new. And if you think you are good at something, it is probably the right time to go ahead and use that to earn a living for yourself and your family. Apart from the above-listed women’s business ideas in Canada, there are several other options that you can look out for. However, do not forget to do some research, be very sure of how you would like to see yourself in the future, and then choose one idea to start your business. All the best!
To learn more about such tips and tricks for doing business in Canada, do not forget to subscribe to our monthly CanadianSME Small Business magazine.