Choosing the best business to put up can be very difficult. It’s more of a process than a decision to put up a new business. This is because there are so many factors to consider when starting a business. Some of them include choosing the location of the business, Evaluating the profitability of the business and even accessing the competition level of the business. Also, the capital you have will determine the kind of business you will put up. Below are some of the businesses you can put up with as much as 20000.
Having an m-pesa shop does not involve much spending or even that much capital. This is because what you only need is an mpesa line which you can get from safaricom outlets. A container can serve well as a room for the job. However, you need to place it in a very strategic place with large population like around a university.
Smokies and boiled eggs
Those are some of the little snacks that are loved by many. You also don’t need much to set up such a business. In addition, a place with large population is suitable especially the young people.
A hotel is a very core business since people must eat. Most importantly thrice a day. Having a middle class hotel can be very profitable especially putting it in a business area where people can’t cook. similarly, no much capital needed
Everyone is with the knowledge that fruits are very important in the body for heath and immunity. Thus your business is already marketed. What you need is just placing it at a very good position with large populations mostly the middle aged and the old. They need to keep their bodies healthy.
Selling Secondhand clothes
Its does not require much to have a “kibanda” for selling clothes. Those clothes are cheap for most people to afford. Large populations and consistency in selling is important in the business. People need new and more stylish clothes every day.
In the white meat business, selling fish can be the best option. This is because, fish is much cheaper and also it can be given in the smallest proportions possible. Thus catering for all financial levels.
Blended juice are much healthier than the artificial juice. At their availability, people will choose the blended juice over the artificial one. Also good at highly populated areas with middle aged and elderly people.
Popcorn and ground nuts
This is also a good business when sold at places with high populations of young people. They are snacks that people enjoy while watching moves.
Chapattis, Mandazi and tea
The most strategic places are near primary schools and universities. Mostly, parents wont wake up so early to cook breakfast for their children before they go to school, they are forced to buy the breakfast snacks. Similarly, in universities, students wont wake up so early to cook tea then attend a class, they go for ready-made breakfast.
A business can start with the very smallest capital, but its prone to growing very fast depending on how you manage it. Therefore, start that business with the lowest capital then make it grow as times passes.