Top booming business ideas and small business ideas in Kenya.
By Lilian Wamaitha
Starting your own business can prove tough at first. There is so much to do. You have to, first of all, come up with great small business ideas. But what if your idea backfires on you and you end up losing money in the process?
People always say that starting a business is all about taking a risk – taking that leap of faith that you are so afraid of. You never know until you try.
In Kenya, the unemployment levels continue to tarnish the dreams of so many young men and women out there. This is the main reason why a lot of young people are turning to business. I know several of my friends, who just took that risk and started their own business. Now they employ people.
I am going to highlight the top businesses you can start with 20K in Kenya. In the mean time get more insights on 9 Profitable Small Business Ideas In Kenya For 2017.
Here Are Top Businesses In Kenya You Can Start With 20K
The reason so many people refuse to start their own business is because they have no idea where they can get the starting capital.
Your Small Business.
Most people insinuate that starting a business requires you to have millions in the bank, but this is far from the truth. Nowadays there are small businesses you can start with as low as 20K.
From my own research, I have come up with a list of the top businesses you can start with 20K. Let’s take a look.
1. Selling Baby Diapers
Unlike the past, diapers have become a norm in every household with a baby. You can take advantage of this new market by selling diapers.
All you have to do is get a supplier who can sell them to you at a discount and then your work will be to distribute. You can start with where you live by targeting homes with babies.
You can do door to door delivery.
The good news is that you can start this business with as low as a 5K.
As long as babies continue to be born, be assured that you can never lack a market for these precious commodities.
2. Mitumba clothes
This is one of the most profitable top businesses you can start with 20K in Kenya. The mitumba business is not dying anytime soon.
Most young people have taken to this business and they are making a lot of money from it.
I have a friend who has a stall at Donholm for mitumba dresses and makes a profit of 4K on a bad day. During the holidays she can make as much as 20K in profit.
If you are still looking for a side hustle or a main hustle, try the mitumba business.
3. Day Care/ School
When my neighbor started her daycare, it was just one of those things you try out to see if it can work. Six months down the line, what started as a side hustle has turned out to be her main hustle.
How may you ask? All she needed was a spare room. At that time she had one in her home and before she knew it, parents who were too busy at work were leaving their kids with her.
This is one of the lucrative businesses that people are yet to embrace not knowing that this business only requires a starting capital of about 10K.
You can rent out a small room for about 3K depending on the location and you are good to go.
4. Car wash business
This is one of the booming businesses in Kenya right now. You don’t require much to start a cash wash, just an area with water supply.
People would rather pay someone to wash their cars than do it themselves. If you charge 200 shillings per car, you can manage to clean 100 cars per day again depending on where you are located. That is 20K per day.
Get a dedicated staff and you could be making around 400K in a month. Get over the mentality that car washing is for the lowly and uneducated people in the society, people are buying plots just from that business alone.
5. Movie shop
This is one of the top businesses you can start with 20K in Kenya. It is also one of the easiest and the returns are really good.
If you have a computer or a laptop already, you can just rent out a room and start selling your movies. Most movie shops make a profit of about 4K per day; make that 120K per month. Before long you will be having your own chain of movie shops in various major towns.
6. Coffee Shop
Have you ever wondered how coffee shops like Java started? Well, Java, for instance, started as a small coffee room with only two waiters. Through quality service and convenience, the owner was able to grow his capital within a year from 35K to 1 million.
As I said business is all about taking risks. With dedication and great service to your clients, it doesn’t matter how much capital you started your venture with.
7. Cleaning service business
One of the most profitable business, there is. It took Parapet, one the biggest cleaning service provider only 10K to start. He started by hiring women who would clean houses in estates at a charge of 1000 shillings. He would pay these women 500 shillings.
Before long, the business had grown and he was able to register a company and now makes over 15 million in a month.
As you can see, you don’t need much to start a home cleaning business.
8. Selling Ice Cream
This is another one of the top businesses you can start with 20K in Kenya. With this business, you need to find a good location like near a school or university or street with a lot of traffic and before long business will be booming.
The starting capital for this business in Nairobi is 20K which means it could be less in another town.
9. Juice blending
With so many terminal illnesses like cancer, most people opt to stay away from processed foods. This is where the juice blending business comes in.
You only require about 3K to buy a blender and other containers and you are off to go. With as little as 10K you can start this profitable business.
10. Selling women handbags
Women love fashion and looking good. You can start selling handbags which I hear fetches a very good profit.
People who are in this business get their supplies from places like Eastleigh.
If you are an active social media user, you can use your Facebook page and Instagram account to market your products.
Thank me later, but this is one of the lucrative businesses you should think about starting.
11. Selling cereals
This business is among the top businesses you can start with 20K in Kenya. You can get your supplies from Eastleigh and places like Nyamakima. You can buy them in wholesale and distribute to other sellers within your locality.
In conclusion, a good business requires a good strategy and a passion to make it a success. If you are looking for a way to earn extra cash, you can choose from the top businesses you can start with 20K in Kenya today.
Lilian is a Communications Officer at Career Point Kenya. Email; firstname.lastname@example.org