3 Most Profitable Startup Businesses in Kenya 2022
Are you looking to start a business in Kenya? Are you stuck on what business to start? Well, here are some tips that can help you choose a profitable business. Every business is difficult, but by properly planning and researching the subject, you can generate more ideas.
You can also speak to people who are currently running such businesses. Here is a list of businesses you can comfortably start in Kenya.
- Wines & Spirits
This is one of the most profitable businesses in Kenya. You can never go wrong with wines and spirits, you only need to locate your business in a place with enough space. You will also need to have the necessary documents, like licenses and permits, to avoid arrests.
The way you handle your customers’ matters a lot. That will determine whether they come back or look for other places where they are treated well.
- Taxi Business
The taxi business has become one of the most lucrative in Kenya. With so many platforms available, getting approved for tax business is simple. For this, you will need to get a PSV license from NTSA. To qualify, you need to have experience spanning four years.
You will need a new car or a car in good condition. For you to make good money, you need to run it yourself. Employing someone might not give you good returns. The taxi business makes a profit of at least Ksh. 10,000 a week.
3. Hardware
You can never go wrong in the hardware business. People are always building or doing renovations. Here, you will need a substantial amount of capital to start this business.
You can thrive if you have modes of transportation. Many customers love a hardware package with transportation, some won’t mind paying for transportation. You can also offer transportation for customers who purchase a large number of goods.
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Just like with wines and spirits, you will also need to choose a good location for your business.
This is a very good business that requires a substantial amount of capital to establish. You can also incorporate a transport business, particularly offering transport to clients who purchase items from your shop. You can also earn lots of profits by partnering with construction companies or contractors to supply construction materials.
We will keep on updating this article with the best ideas on Profitable Startup Businesses in Kenya.
