Starting a business in Kenya can be intimidating and frustrating, especially if it is your first time but entrepreneurship, when done correctly, can be highly gratifying and lucrative. Once you've decided on the type of business you want to start, you'll need to meet certain standards. It is preferable to cover all of these bases so that you are on the right side of the law and can devote your time to growing your business.
Some of these businesses do not require a large investment to get started. Rather, Ksh10,000-30,000 is a good starting point that can be increased as the business grows.
In Kenya, the boda boda business is very profitable and can generate very high profits. There are businessmen who have made significant investments in the boda boda industry and are profiting well. For example, some people in Nairobi have about 20 fleets spread across various estates. They provide parcel delivery services and, ideally, pick up clients from one location to another with these.
The seed capital required for a good bike is around Ksh60,000-110,000. The business can bring about Kshs1000 on a good day.
This is the most undervalued job, despite the fact that it pays so well. Consider the number of apartments in the city, where each household pays Ksh200 for garbage collection. Garbage collection bags, landlord cooperation, and county government licensing are all one requires to begin the business.
Every weekend there are birthday parties, weddings, baby showers, and gender reveals. Cakes are an important part of these celebrations, so this is a good business/side hustle to start. It is necessary to understand the fundamentals of baking and to be skilled at it. Also useful are baking necessities such as trays, ingredients, and decorations.
Baking can be done at home or at a location that specializes in it making it to be less expensive to start. When considering opening a location, it is preferable to have a business license and permit, as well as a team to help manage things.