Starting a business requires identifying a certain niche and a good research to identify the problem your business wants to solve.
And it is for that reason that the entrepreneurial spirit is rife among Kenyans for a country whose unemployment rate stood at 11% last year, according to a United Nations report.
Below is a list of some booming businesses you could venture into if you are looking for job independence as well as earning some extra cash:
Selling mitumba (second hand clothes)
This is one of the easiest businesses to start in Kenya even though a majority of people are hesitant to put their money into it.
However, retailing mitumba is a booming business opportunity and one can start it with a capital of as a low as Sh1,000.
Infact, with good marketing skills, you can leverage the power of social media and sell online before renting out a stall.
One can buy stock from Ngara, Muthurwa, and Gikomba markets in Nairobi.
This is also another lucrative business opportunity despite being underrated by a number of Kenyans.
One can start by visiting clients in their home; make enough money to finally rent out a place.
A standard salon or barber stall goes for Ksh.6000 to 15,000.
Boda boda (motor cycle) business
If you are still looking for a job and have some money saved up, this is a good business start.
A motorcycle in Kenya costs from Ksh.65,000 to 120,000. It means that with less the 100K, you can go into boda boda business. And of course, be rest assured to make at least Sh1,000 per day.
Opening a movie joint remains a profitable business idea seeing that not all movie/series fans can afford to download their favorite films.
You’ll need a couple of things to start off including good internet, fast PC (to enable you copy your movies onto DVDs) as well as a duplicator (to save you time by copying multiple discs at the simultaneously).
And with such a business rarely experiencing a low season, one can make at least 1,000 to 10,000 in a day depending on where the shop is situated.
Selling fruit salad is another business option that does not require a large initial investment. The business has a ready market owing to the fact that Kenyans always want to stay healthy.
To start such a venture, you will need a minimum of 10,000 depending on the location.
With most Kenyan ladies desiring to look beautiful, having a nail parlour that does both manicure and pedicure is the business that comes in handy.
You will need approximately 5,000 to start with, and you can do house calls before renting a stall.