One of the major problems of starting a business in Kenya is capital, but today’s we are here with details on how to start a business in Kenya with small capital
Starting a business in Kenya does not need you to have a large capital.
There are very many businesses that can be started with little or less capital.
Many successful people in business started from small businesses with less capital large-scale enterprise.
Most wise, businesses begin by establishing a market gap and ask themselves how they can fill that gap in society.
As a small or big entrepreneur, establish your goals and look for resources that can make your business a success.
Table of Contents
Tips For Starting A Profitable Business With Little Capital In Kenya
- Elaborate your ideas – Ideally, after identifying the market gap in the community.
- Define the goals of your business – Set your business goals and see where they will be in the future.
- Establish your market price – A price that will give you profits.
- Plan for the capital of your business – The small capital you start with can earn profits within a short time if you plan for it well.
- Do market research – Do market research of your area and see what could be improved if you start working on your business idea.
- Do a marketing plan – Have a plan of how your business will run.
Lastly, writing down a business plan is important for any kind of business.
List Of The Lucrative Businesses To Start In Kenya With Small Capital
With little capital in your hands, below are some business ideas you can start in Kenya with small capital:
- Selling of second-hand clothes locally known as mitumba
- Mpesa business
- Printing and photocopying
- Boiling eggs and smokies
- Selling ice cream
- Juice blending or selling fruits
- Cereal business
- Selling women shoes
- A salon or a barbershop
- A movie shop
Advantages Of Doing Business With Little Money
To start a business in Kenya with small capital, here are some benefits you can enjoy:
1. Creation of meaningful employment
2. It allows for the people to become independent
3. Provision of products and services
4, Improves the economy of Kenya at large
5. Encourages innovation
6. Development of skills
Disadvantages Of Doing Business With Little Money
- Inadequate working capital
- Competition from large business enterprise
- Poor management by the operator
That is all we have for you on how to start a business in Kenya with small capital.
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