Lifestyle

Five profitable businesses for single mothers

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Single moms often have to brave the storms of economic turmoil alone. Being a single parent, she is the only one who earns in the family and has responsibilities of the household and her kids to fulfill. You cannot be a stay-at-home mom, as you need to think of the expenses. When we think of jobs for a single mother, professions like bakery, boutique, interior designing, tutoring, or a salon are what people usually suggest. 

However, single moms cannot limit their boundaries; they have the liberty to choose any profession that they have expertise in, as every profession needs an equal amount of effort and hard work so they can opt for what they wish. From the plethora of ideas we have curated a list of professions single moms can also seek their future in. 

 

  • Handmade Jewellery Single mothers can do their business well by making handmade jewellery. She can also add other people to this business and generate employment. Mothers can also create their jewellery brands. By following these steps, Pick your niche and target market, develop a business plan, devise a unique brand aesthetic, and develop a marketing strategy. Women love to wear unique pieces of jewellery. And with the jewellery business, mothers can also show their creativity and good earnings.

 

  • Business Startup If single mothers have good knowledge of business, they can start any business. Some mothers are good at consulting and some have good photography skills, health and fitness, etc. Mothers can start their businesses based on their creativity too. According to data, more than 11.6 million firms are owned by women, employing nearly 9 million people, women-owned firms (51%or more) account for 39% of all privately held firms and contribute 8% of employment and 4.2% of revenues.

 

  • Accountant Mothers are well equipped to do every single work in today’s time. As she handles the economic part well in her house. Similarly, she can also handle the part of accountancy. One key reason so many women are going into accounting is that they believe it’s a career that allows them to balance both motherhood and work life. Between 1983 and 2012, female accountants grew from 39% to 60%.

 

  • Fintech The pandemic has accelerated Digitalisation, which can be used as an opportunity to bridge the gender digital divide in India. Nowadays Fintech is one of the fastest-growing areas for venture capitalists. Single mothers are showing their wonder in today’s time in Fintech too. Mothers can handle Fintech as they care for their children.

 

  • Coding Women who are good at technology can also try coding. Simply coding is used for communicating with computers. People use coding to give computers and other machines instructions on what actions to perform. Further, women use it to program the website, apps, and other technologies we interact with every day. According to a survey, 20% of computer professionals are women. A study by Deloitte found that women’s choices account for up to 85% of buying decisions nationwide and that diversity drives innovation.

Not only these businesses, a single mother has the potential that she can also do better and bigger business.

 

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