9 Most Profitable Ideas for 2020
9 Most Profitable Ideas: Life is full of mysteries. We are never sure what each day will bring. However if you have a clear outline of what you want your life to be, you can save yourself the stress of how to get there. Is starting a business one of your life time goals? A friend of mine had one of his new year’s resolutions as quitting his job and starting his own business. Here are awesome small businesses ideas that will get you into the rich boys club in the coming years.
The idea of starting a business is exciting at first until you are faced with a headache when it comes to getting capital.
Let’s look at small business ideas of our time that you can partake.
- Real Estate Broking
You have met a few land brokers in your time. A lot of Kenyans have become millionaires from real estate dealing business. This is a lucrative business that can land you into the millionaires if not billionaires club. Start of as a broker in buying and selling of plots. The truth is that with this kind of business you will always have source of living since real estate business continues to grow and land keeps on appreciating year by year.
As a beginner you actually do not need an office you just need a good network.
2. Office Supply Business
People who work in the corporate world are in the constant need for supply of office equipment. This can be a small business idea for this year if you are still thinking about what to do.
3. Soap making
Soap is one of the fastest moving consumer products. The production is simple and with the demand for soap in Kenyan households you will be smiling all the way to the bank in no time. Find capital and invest in this lucrative business.
4. A bakery business
Have you ever thought of yourself as the master of the kitchen? Maybe it’s time for you to test out your culinary skills by setting up- a small bakery business in your locality. All you require to run this business is baking equipment, decorating equipment, raw materials like flour and sugar, business permits and a good set of marketing skills. Download a few recipes from the internet and you are on your way.
5. Restaurant business
This is one of the businesses that is growing especially in towns and major cities. All you need is a passion for cooking coupled by permits from the county government and relevant bodies.
6. Computer maintenance business
With the increased sales in computers and laptops, you can earn a living from repairing them. You can go ahead and even start offering to install softwares at a cost.
This is all about providing career guidance to students still in campus or recent graduates. Arm yourself with the relevant information you need as a career coach and turn this skills into a business of your own.
You can start off by offering one on one career coaching and family members of your friends.
8. Event planning business
Event planning is one of the profitable business ideas you can start with little or no capital at all in Kenya. It’s all about planning social and corporate events at a cost.
The secret to staying in this business is keeping the clients happy. You don’t need a lot to venture into this business. Just market yourself and bag your first client and boom! You are headed for the stars.
9. Security Services Business
Security remains a top priority for all Kenyans especially those who have accumulated wealth. You can put up together a small security companies offering security services, employee and train a couple of young people and start offering services to individuals and institutions.
They say the only limit to success is you. Take charge of your life. There is so much free information out there for you to create the kind of life you want. You can start by seeing which on one of these small business ideas you can implement.