Low-Cost Franchise Opportunities for Single Mothers
Entrepreneurship is often attractive to single mothers who seek the flexibility of self-employment while they raise their children. Single Mothers must be able to divide between their time and priorities to be able to provide for their children while staying close with them at the same time. Starting your own business could be the key to achieving your own personal and work dreams. However, starting your own business is not a cake-walk. In this case, taking a franchise of an established brand can be fruitful. By franchising, you take a proven business and package it in a creative way. They pay not just for the model you have created, but the brand name and reputation, and often your expertise and advice. Here is a compiled list of top 5 franchise business ideas suitable for single mothers.
Have a passion for makeup or hairstyling? Starting a beauty salon franchise might be the perfect business for you. Beauty Salon franchise is one of the most popular choices among women for those running their own business for the first time. The beauty sector is an ever-growing industry. As known, women are the major contributors to this industry. With the rising income level, working women population & changes in lifestyle have provided the necessary boost to the industry. You can also start a salon franchise from your own house premises, giving you the flexibility to maintain a balance between household and business.
Day Care Franchise
The biggest challenge of being a single mother is to take care of their children along with managing the work. If you are facing such difficulty, then opening a daycare service in your home might just be the right thing for you. Apart from great profits, working from home and being able to stay home with your children are great perks to a day-care franchise business. Also, the work timings will be less in comparison to other businesses.
If you’re a skilled baker and cook or have a nose for baked savouries, you can opt for bakery franchise. This is the most popular choice for single moms because cooking is something that can be practised every day and it has become a hobby for many women. Bakery franchises require less space, less investment and less labour. If you’re a trained baker, you can serve as the cook also and save money. Bakery franchises can be started in the vicinity of your home; you can hire someone to look after the shop so that you can have time to look after your household.
Flowers remain in demand throughout the year. If you have a love for flowers, know how to beautifully arrange and decorate them, then starting a florist franchise business will be highly profitable for you. Catering to special occasions or events can also reap huge benefits. Fortunately, there are few brands such as Ferns n Petals, who offer low-cost florist and gifting franchises, which will reap you high profits.
Have a passion for teaching? Then starting a tutoring business is a great opportunity for you. Starting a coaching franchise offers you the opportunity to easily start the business from home and have flexible working hours, along with a reputable brand name. Thus, you don’t have to market your coaching centre much and can earn handsome revenues with low investment. Be skilled in the area in which you would like to provide tutoring and approach the local students, or you can also hire professionals to teach the students.