Are you prepared to launch a business of your own? Do you have any ideas for new ventures? Any firm has some similarities and differences. You require a business permit, stock, money for advertising, and clients. Additionally, you need to rent a location for your firm. All of these have a high price tag. Some enterprises, nevertheless, can be launched with as little as ksh50,000.
1. Salon/barbershop
A profitable business you can start in Kenya is a salon or barbershop. An elite salon or barbershop requires a significant amount of startup money, but for roughly Ksh 50,000, you may launch a modest yet successful business in your neighborhood.
The required funding will be used to reserve a location for the business as well as to buy the essential tools (hair clippers, barber chairs, and some cleaning supplies for a barbershop and blow dryers and hair products for a salon). As your company expands, you can add more add-on services, such as pedicures, manicures, face scrubs, and others, by investing in more equipment. Even better, you can combine both enterprises into one to draw in additional clients.
2. Hardware Store
The majority of people would presume that opening a hardware store would be expensive, however, this is not the case. The only costs involved in starting a business are the rent for your office space, the cost of a business license, and a small amount of furniture (shelves and a counter for product display). With a recognized firm, you may readily purchase merchandise on consignment from vendors. Therefore, to start a successful hardware store, you simply need between Ksh 20,000 and Ksh 50,000. Simply make sure the establishment is in a decent location, such as one that is adjacent to a lot of active building sites or one that is in a city.
3. Farming
The best business to start in Kenya’s rural areas is farming. The rewards are high and occasionally practically immediate, yet the investment is not that great. And with a constant need for food throughout the nation, farming is the ideal business prospect for every aspirant Kenyan entrepreneur. A decent farming enterprise can be started with ksh 50,000 or less and a suitable piece of land with access to water. There are other landowners, nevertheless, who are ready to lease out land for as little as Ksh 10,000 per year if there isn’t any available. The list of crops to grow is infinite and includes tomatoes, kale, cabbages, spinach, strawberries, capsicum, and cucumbers. Animal farming is a fantastic alternative, as it just requires a small amount of money to raise animals like pigs, fish, chickens, and rabbits. If you manage your firm effectively, you will rarely lose money in the agricultural sector.
4. Milk Bar.
This is yet another excellent venture to launch in Kenya. Another good that is in high demand in Kenya is milk, but there aren’t enough people to supply it, especially in metropolitan areas. Selling fresh, high-quality milk ensures a profitable business operation for the owner. All you need to open a milk bar is a nice location, a business, and milk vending permits. To ensure that your consumers are happy, you also need a decent and trustworthy supplier of milk. It is wiser to purchase products from farmers directly for this reason. The money you make from the business can be used to later buy a milk ATM.
5. Reselling Second Hand Clothes
In Kenya, opening a used clothing shop with Ksh 50,000 or less is the finest small business venture. The garments are in high demand among Kenyans with low and middle incomes, who make up a significant market sector, because they are inexpensive. Consequently, you can be certain that your firm will succeed if it is in a suitable location. There are numerous locations where you can purchase the clothing, which is another benefit of the business. Kamukunji, Eastleigh, The Stage Market, and Gikomba Market, among other places, are some of the greatest places to find suppliers. You can buy your merchandise in bulk from the vendors, which will allow you to resale it for a healthy profit.
6. Grocery Store.
Fresh and sustainably cultivated produce is in high demand in the majority of large cities. Unfortunately, not many companies can match this demand, and those that do frequently wind up charging exorbitant costs for their products. You can open a food store and make a lot of money. An effective grocery store can be established for Ksh 50,000, especially in residential neighborhoods of urban cities. The majority of the funds will be used to buy a business, with the remainder going toward permits and inventory. You can purchase produce for the cattle either directly from the farmers or large markets.
7. Car wash
Over the years, there have been increasingly more cars on Kenyan roadways. Additionally, there is a large need for car wash services because most automobile owners are too busy with their daily routines to use them. You only need a large yard with enough room for numerous cars, a water source, and a car washing machine to get the business off the ground. But if the machine is out of your price range, you may just start washing the automobile by hand until you have enough money to buy the machine. Depending on how many customers you have each day, you may need some help from employees.
8. Cleaning service industry.
Another growingly well-liked business concept in Kenya is professional cleaning. Professional cleaning services are in high demand in both residential and business settings. You only need to establish a company name, rent a space, and buy the necessary cleaning tools and equipment to start a successful cleaning business. The only thing left to do is market your company’s services, which you can do on several internet platforms or even by going “door to door” in search of clients.
9. Various digital services, such as website design
The next big thing for businesses is having an online presence, and Kenya is swiftly catching on to the trend. The market is prime for exploitation because there aren’t many companies offering digital services. Offering web design services is one way to break into this market (you can quickly learn how to create a website online for free or by enrolling in a brief course at one of the many schools). You can start providing various supplementary digital services after web design, including digital marketing, social media management, and search engine optimization, among others.
10. Cereal Shop
Dry grains including maize, beans, green grams, rice, and other items are the focus of a cereal store. Everyone must eat, and with the population growth rate rising, there are more and more mouths to feed every day. The concept of opening a cereal store makes sense in light of this. Even in hard times, there remains a ready market for cereals. It is crucial to remember that beginning a cereals business doesn’t cost a lot of money. You can launch your business modestly and grow it over time. You are ready to go as long as you have enough cash to pay for the premises and permit, as well as bags of some of the market’s best-selling cereals. This is the most profitable business concept and it only needs a few talents.
11. Perfume Refilling.
If you have the proper kind of customers as your target market, a designer refill perfume business is a promising venture. Finding a supplier who would sell you perfumes at wholesale costs is the first step you must take. Depending on how many distinct perfumes one wishes to start with, one will require a certain amount of funds to launch their business. With 10 or 20 distinct perfumes, you have a choice. To avoid keeping the same stock for an extended period, the trick is to pick scents that are currently in high demand. To choose the most well-liked scents, you must check market trends.
- Renting tents and chairs
Tents and chairs are rented out to persons hosting events in the tent and chair leasing industry. Have you considered all the occasions that tents are used? funerals, auctions, graduation celebrations, birthday parties, and wedding receptions outside, among other events. Starting a rental company for tents, tables, and chairs is a terrific way to start making money right away and all year long. The start-up capital required for this kind of business can be reasonable, depending on the scale you intend to operate at. By reinvesting your profits back into the company, you may start your firm modest with a few chairs and tents and develop it big in a short amount of time. With time, you’ll begin to offer extra services like event management, sound systems, photography, and videography.
- Photocopying and printing services.
The digital era has not been able to eradicate paper. People who require printing and photocopying services are multiplying. Students and professionals are among them. In the modern digital era, you can still locate a copier shop on every street in large cities. The startup cost is lower than it would be for a cyber. You will mostly need a photocopier, printer, laminator, binding machine, and computer to get this firm off the ground. To establish this kind of business, you don’t need to possess any special knowledge or abilities.
- Daycare.
Daycare is one of the best business ideas you can think about if you’re a stay-at-home mother. Maintaining house helpers has been increasingly pricey recently. Additionally, there are more and more reports of renegade housekeepers harming children or even kidnapping them around the country. As a result, the majority of parents prefer to enroll their children in daycare facilities. This business will be practically free to start if your home has the room to host the kids. However, you should be ready to spend more money if you decide to lease space for the childcare operation. To thrive in this industry, keep in mind that you must be knowledgeable about early childhood development and possess a strong passion for kids.
15. Photographer
The demand for photographers in Kenya is excellent due to the numerous events, such as weddings, graduations, and birthdays, that occur every day. As a reminder, people desire to document those moments. Starting a photography business in Kenya is a lucrative endeavor if photography is your passion and something you enjoy doing a lot. The price of camera equipment has decreased and it is now more user-friendly, and practically all smartphones now have excellent cameras. This does not necessarily imply that you should give up on your plans to launch a photography business. It simply means you have to put in a little more effort if you want to stand out from the crowd of novice shooters.
If you need a dependable source of income that won’t cost you a lot of money to start, there are several enterprises that you may launch with ksh 50,000. Choose one business venture for which you have a genuine love, and devote all of your time and energy to running it. You won’t have to worry about stumbling around looking for an office job for much longer because you will soon be making a decent living.
DISCLAIMER; This article does not address specific conditions and is simply meant to provide general information. It should not be used as a substitute for expert counsel or assistance or as the basis for any kind of decision. You solely assume all risk and responsibility for any action you take as a result of the information contained in this article.
