What are the business ideas?
A business idea is a concept that can be utilized for commercial purposes. It is centered on a commodity or service that can be traded for money. A viable business idea has to be unique, innovative and problem solving. Sources of business ideas include gaps in the market, changing trends in the environment as well as unsolved problems. Other sources of business ideas are interests and hobbies, mass media, personal talents, customer surveys and brainstorming of ideas and dreams.
There are more than a thousand business ideas in Kenya that one can easily start and benefit from. What you do to the idea and the timing you have a very significant impact that is, failure or success of the business. Any business has the potential to grow regardless of the starting capital used; of course, it has to start from somewhere.
List of the top business ideas that one can do in Kenya with less than Kshs. 10,000.
1. Selling Ice Creams.
Starting this type of business is very easy. You just need to identify a good location preferably near a school, a college or along a street with traffic jams. Ice creams sell fast especially when it is sunny. Another ready market for selling ice creams is in schools when they have sports. This commodity will sell very fast and yield a lot of profits.
2. Fruits business or Juice blending.
Selling blended fruits such as watermelons, avocados, papaws, bananas, lemons and mangoes has changed the lives of many youths in Kenya. Currently, many people want to stay away from processed foods due to illnesses such as cancer, diabetes and high blood pressure. As a result, they opt to take fruits and adopt healthier lifestyles. To fill this gap many youths have ventured into the business which requires less than 10k to acquire a blender and a few containers to start.
3. Selling boiled eggs and smokies.
This business requires as little as Kshs. 1,000 to start. A crate of 30 eggs goes for around 330 shillings. One also need a few tomatoes, onions and pepper (optional) to serve with the boiled eggs. These supplements go for less than one hundred shillings and an egg will sell for 20 or 25 shillings. If this stock is combined with sausages and samosas, it grows very fast and has its peak hours during early morning hours and in the evening. The most important thing is to find a good location and be ready to make at least Kshs. 15,000 per month.
4. Car wash.
To start a car wash you need a location with adequate water supply. Many people in Kenya prefer paying someone to wash their car rather than doing it themselves. If you get a good location in a busy town, you can get up to 50 cars or more in a day. If a fee of Kshs. 200 is charged per car this translates to 10,000 shillings per day. If you get a dedicated and reliable employee, you can make up to the tune of 300,000 shillings per month. People should get over the notion that car washing is for the uneducated and low social class in society and toil to earn. The starting capital for this business is less than 10,000 shillings.
5. Printing and photocopying.
This business is very practical to college and university students. It is very profitable since you only need a small mechanically good printer and a bale of printing papers to start. Anyone living near learning institutions and offices has a ready market and need a capital of about Kshs. 7,000 to start.
6. A salon or barbershop.
This is a very lucrative business with the potential to make a lot of money. It requires at least Kshs. 6,000 to start operating and make money to buy any other equipment you need. Many people who venture into this service industry start by reaching out to their clients by visiting them at their places until they accumulate enough money to enable them to rent a room.
7. Selling second-hand clothes (also called mitumba.)
This business is booming in Kenya today. It does not require a lot of capital to start since with as little as Kshs. 1,000 you are ready to get off. Upcountry, one may be required to move from a town to another especially during the market days. In Kenya’s capital Nairobi, you need a stall in Gikomba or Muthurwa markets and be sure of not less than 700 shillings daily from the enterprise.
8. Movie shop.
Starting and operating a movie shop is one of the easiest business ventures with really promising returns. If you own a computer or a laptop, you need a small room to start selling the movies to potential customers. This can help raise capital to start more outlets in major towns and market centres.
9. A home cleaning service business.
This business involves hiring people to clean clients’ houses in the estates. For instance, you can hire some individuals to clean houses in a certain estate for 1,000 shillings and pay them 500 shillings. This will last a few months are before you can very easily register your company which would give you up to 10 million shillings per month.
10. Cereals business.
Cereals are one of the most fast-moving goods in the country. Selling of the commodity is very profitable since it is more of a basic commodity for daily consumption. The good thing with this business is that it can do very well even in rural areas where you can buy in wholesale and distribute to other sellers in towns and businesses.
11. Selling women shoes.
Selling women shoes is a very lucrative business since women like fashion and love looking good. With the extensive use of social media, (Facebook and Whatsapp), you need to post a few photos of the commodity and reach a very wide population. This way, it is very easy to do the business until you get enough money to pay for council business permit. Many business people in this business venture get their stock supplies from Uganda and Eastleigh.
In nutshell, the capital you have to start any business does not matter but the determination you have to make it thrive. Any person who wishes to start a profit-generating entity should consider any of the aforementioned.