It’s never been a better time for us ladies to start our own businesses. According to research, women-owned businesses now account for nearly one-third of all privately held companies in the U.S. and are growing at a rate 1.5 times faster than the national average. While women may have once been pigeonholed into certain professions, female professionals are now taking control of their careers in a way that works best for them, including when and how they start their own businesses. Bravo, ladies!
If you’re thinking about starting your own business, the available options can seem overwhelming! What type of business is the best fit for your background, skills, and interests? And, most important, which home business has the best chance of succeeding?
As to what kinds of businesses a female entrepreneur should start, experts agree that the sky is the limit! We’ll help you narrow down your search with these 6 hottest industries for 2016. So, if you’ve had a dream of starting your own business, but have been sitting on the sidelines too long, read on. Your new life as a small business owner awaits!
1. Oh Baby!
The U.S. birth rate is on the rise again, and millennial parents want to make sure their children get nothing but the best. Chemical-free diapers, gluten-free baby food, gender-free toys…the list goes on and on! This industry is so hot right now, that experts predict the baby products market could grow to $67 billion next year.
2. Virtual Reality
After decades of hype, Virtual Reality (VR) technology finally appears to have turned the corner. No longer just for sci-fi nerds, virtual reality is hitting the mass market with personal headsets like Oculus Rift and it’s predicted that consumers will purchase 14 million units in 2016.