If you are looking for the best business options in Kenya, here are the best ideas for a successful entrepreneur. There are so many business opportunities in Kenya, from betting shops with sports betting odds to barbershops that you can implement and start profiting from depending on your available startup capital.
The Main Points to Note When Registering a Business in Kenya Are
There are several things to look out for when you are in the process of registering your business:
- A minimum of a director with a minimum age of 18 is required.
- Register your company with the company registry.
- Register with the Kenya Revenue Authority.
- The business start date is the date on which you would like to start your business. This should be at least a day or, preferably, a week after the filing date.
- You may decide to buy an existing company in Kenya.
- A certificate of incorporation is a permit that allows the business owner to operate or manage their business. At the time the certificate of incorporation is issued, then the company becomes a legal entity.
- The Attorney General’s role in business registration is to keep a company registry.
- Investment Opportunities for Businesses in Kenya
The Best Investment Opportunities in Kenya That You Can Successfully Pursue
It is an undeniable fact that Kenya is the economic, financial, and transportation hub of East Africa. People on the African continent think starting a business is a luxury. This perception has long been shattered with the advent of education and civilization.
The land is fertile for you because many people will patronize your business and make you rich.
This is especially important. In case you want to invest in a business in a densely populated area such as Nairobi, Mombasa, and other cities.
Used Clothing Sales or MITUMBA
Mitumba is one of the best business opportunities in Kenya, and people make a lot of money by making bold decisions and investing right.
It was clear from the research that Kenyans prefer Mitumba because of its design, high quality, and fair prices. It is a fast-growing business that promises good profits. You don’t need a lot of capital to start a business in Mitumba.
You can start selling Mitumba clothing for as little as 1,000 shillings. Unsurprisingly, used clothing has grown from 62,158 tons in 2017 to 69,862 tons in 2018, an increase of 11.24 percent.
The most important factors to consider are a great place to sell and where to buy clothes. Most entrepreneurs buy them at the Muthurwa and Gikomba markets in Nairobi. On an average day, you can make a profit of about 500 shillings.
Barbershop or Salon Store in Kenya
This business is also profitable and can make you rich. People who are unaware of its potential may underestimate it and assume that it is not worthwhile.
In the beginning, you can visit clients in their homes, save enough money, and finally rent the place out.
A standard barbershop or salon stall costs about 6,000 to 15,000 shillings. From that point, you can find the money to buy the equipment he needs.
Selling Women’s Handbags
Here’s a good choice! Another popular idea for entrepreneurs is for those who want to succeed in their business. Women like to look good, and they are fashionable. You can start selling handbags to them.
People in this business get their goods from places like Uganda, Tanzania, UAE, the United States, and others.
Car Wash Business
All you need to start this business is a pump and a place with a water source. Many car owners prefer to pay someone to wash their cars rather than do it themselves.
Generally, 200 shillings are charged per car. and so you will make 20,000 shillings every day if you wash 100 cars a day.
Cinema
This is one of the easiest business ideas in Kenya with a very good return on investment. You can start with about 20,000 shillings. You get a room and a computer or laptop and start selling movies.
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Many movie theaters bring in 4,000 shillings every day.
When the business becomes stable, you can have a chain of cinemas in different cities.
Cleaning Services
Another great opportunity for startups.
This includes both house and office cleaning. You just have to negotiate with the owners of the house and then get some people to do the laundry and then pay them and be left with some money.
Selling Ice Cream
You need to find a good location, such as near a university, school, or street with many people. In Nairobi, the initial capital is about 20.00 shillings.
Fruit Business and Juice Blending
The rise of incurable diseases such as cancer is causing people to stay away from processed food. You can help people get healthy by opening a fruit stand or juice blending business. A blender and other containers are needed.
Coffee Shop Business
At first glance, you might think a coffee shop business could be expensive. It never is in most cases. Just forget about the cost and think about the income you can get from that investment.
However, there are certain things that you will need for your coffee shop. Don’t worry, they were not that expensive. Think about how you can make your coffee shop profitable.
This works well in places where there are a lot of people, such as schools and churches.
Author: Mathieu Stern