While starting a business is a noble idea that can lead you to financial freedom, lack of knowledge on the cost can leave you stuck in the planning stages. To cushion you from avoidable confusion, we have compiled a list of popular business ideas and the amount of capital you will need to realise your dream business venture.
- Cleaning Company
Cleaning business is a venture that has gained momentum in recent years. With demand for clean and neat spaces in check, starting a cleaning company is a viable idea.
A cleaning company cleans and organizes homes and offices for its clients at a fee. You use premium quality cleaning agents and the latest cleaning equipment to offer your clients the best service.
A small cleaning company will cost you close to Ksh 500, 000 while a high-end enterprise will have you investing close to Ksh 3 million.
2. Moving Company Business
This is the business of helping clients shift their property from one place to another. It could be estate to estate or from one town to another. To stand out in this business, you can offer your clients packing boxes and storage space at a fee. A profitable mover’s business will require you to put in at least Ksh2.5 Million.
3. Cake Baking Business
Baking is an incredible business idea for the pastry lovers. This business requires pastry skills, an eye for creativity and basic knowledge in internet marketing skills. Since this is a sensitive business, it’s advisable to get some training in order to meet customer expectations. To kick off your small bakery, you will need Ksh100,000.
4. Professional Photography Business
Photography is a competitive service centred industry. You need to be talented, passionate and creative about taking photos if you want to survive in this industry. With only Ksh. 30,000, you can snap away good pictures to a fruitful venture.
5. Cosmetic Shop
The beauty industry has continued to flourish all over the years thanks to personal grooming awareness. A small shop dealing in compact powder, makeup items, body splash, lotions and hair, getting it started will only cost you Ksh30,000.
6. Wines & Spirits Pub
Depending with the size and location of your choice, the cost of starting a small wines and spirits pub may varies from Ksh50,000 to Ksh500,000.
A butchery requires areas with high human traffic. The idea is to have people buy your meat as swiftly as possible. The cost of this business idea depends on the location. However, with just Ksh100,000, you are good to go.
8. Salon Business
This business falls in the beauty and grooming industry. Ideally, starting a salon business needs you to have talent and the art of plaiting hair according to your customer’s preference. However, should you choose to start off with a physical location, you would need ksh15,000.