Which is the best business to start in Kenya with less than Ksh100,000 and become a millionaire? This is one of the many questions asked by youthful Kenyans who wish to venture into entrepreneurship. Business has been evolving in the country where those which used to be profitable are relegated to non-profitable businesses. However, we have numerous businesses which one can start with as little as Ksh100,000 and become a millionaire.
When starting a business there are several factors to consider:
Whether profitable or not
The future of that industry
The best locations to start any business in Kenya include: Nairobi, Nakuru, Mombasa, Kisii, Thika and Machakos.
With Ksh100,000 below are profitable businesses to start in Kenya.
- MPESA Shop
The cost of starting an MPESA shop cannot exceed Ksh100,000 unless the rent required per month exceeds Ksh20,000. To get a line and float for the business, you require less than Ksh70,000.
With an MPESA shop, you can make Ksh10,000 to Ksh 100,000 per month.
The good thing about MPESA shops is that it doesn’t require massive skills, all you need is how to operate the phone and how MPESA process works, something that requires 1 to 2 days to learn.
- Outdoor Chips Shop
Outdoor chips shop is one that doesn’t require a shelter. You only require a space which you pay Ksh 2,000 to Ksh10,000 per month and start selling chips to passersby.
To get equipment for chips the money required does not exceed Ksh40,000. The hardest part is to secure a license from the county and another one from the Ministry of Health.
Chips shop is extremely profitable if there is enough traffic in the area where the business is set up.
- Small Grocery
Another business you should think of is a grocery shop. If you set up this business in Nairobi and its environ you’ll be rich within a short time. In Nairobi, the fruits will be outsourced from Kajiado and Machakos, you can also get them from Gikomba market.
- Juice blending business
I know one guy who makes up to Ksh 50,000 per day from juice blending. This guy has a shop at Embakasi and Westlands Nairobi where he sells all types of juices, some are medicinal. People flock his shop as if there is no tomorrow—there is no single day you’ll find the shops half empty; they are always full.
As a visionary entrepreneur you can start small and grow with time. With Ksh100,000, you can set up the business in Eastlands and branch to Westlands if you wish.
- Cosmetics shop
There is no single day a cosmetics shop will miss clients if at all women live in that area. The cost of starting the shop range between Ksh Ksh100,000 and Ksh500,000 depending on location and size of the business.
A cosmetics shop is extremely profitable because women love beauty.
Another business your mind should set for is salon. Though every town is crowded with salon business, there are no chances that you’ll walk empty handed.
If you don’t have capital to start a salon, you can do the business from your home then set it up once you’ve accumulated enough money. While you are doing from home, make sure you buy the equipment to be stand by as you seek to formally launch the business.
PlayStation business is one of the most profitable businesses in major towns. The most difficult part in launching this business is securing the licenses, after that you can even set up the business in your house.
With PlayStation business you’ll make between Ksh2,000 and Ksh 10,000 per day depending on season and location. Setting up this business requires between Ksh100,000 to Ksh500,000.
- Car wash
Another business you should not rule out from the list is car wash business. In Kisumu, Nairobi, Nakuru and Mombasa, you’ll mint millions if you’re lucky to start a car wash business.
To start this business, all you need is open space, water and car wash business equipment. The capital needed is in the range of Ksh100,000 to Ksh200,000
- Mitumba business
Mitumba business is one of those businesses that require capital of even less than Ksh 10,000. However, those who sell in bales require up to Ksh10 million in capital. As a small trader, all you need is a simple set up with a capital of less than Ksh 100,000.
If you will be comfortable with a profit of Ksh1,500 to Ksh5,000 per day then start mitumba business.
With just Ksh10,000 you’re ready to go.
- Poultry keeping
Most Kenyans have that false believe that only white collar jobs pay.I can confidently say there are thousands of Kenyans who practice poultry farming and are quite comfortable. With a capital of Ksh100,000,you can keep up to 1000 broilers every month and yield up to Ksh100,000 monthly.