Many people who are living in the rural area have ventured into business farming. An agrovet business is an excellent idea that you start and make huge returns. Due to the large number of unemployed people in Kenya, many have ventured to livestock farming this making an agrovet business to do well.
Most Kenyans have a habit of venturing into overcrowded businesses with the aim of getting a share of the market. However, most have ended up closing their business due to the tough competition offered in the businesses. If you want to make more profit in Kenya, you should consider starting a business that is underrated. Below is a list of underrated businesses in Kenya. 1. Garbage collection. Most Kenyans see the garbage collection business as that of the poor as it is dirty. However, there is much profit to
MPesa is a mobile-based money transfer service launched in March 2007 by Safaricom. There are many people starting MPesa business in Kenya. The MPesa business is increasingly becoming popular due to the high number of people requiring to send and receive money, pay for goods and services and transact business.
Biscuit firm Britania Foods Limited (BFL), one of Kenya’s oldest confectionery manufacturers, has been put on sale after defaulting on loans of more than Ksh1.3 billion owed to a local bank. A notice posted in the dailies on Friday, January 14 by Peter Kahi of PKF Consulting revealed that the company's high-tech plant at Nairobi’s Industrial Area, factory buildings, raw materials/chemicals, and leasehold plots comprising 3.28 acres, were listed for sale Further, Kahi, noted that offers would be considered
When operating any business in Kenya, you are required to pay for a business permit equivalent to your business. Business permits or license rates usually depend on the type of business being carried out. Some other factors that determine the amount paid for a business permit in Kenya are the size of the business premise or building, number of employees and to some extent location and revenue.
Broadway bread has been the most know bread all over Kenya.Most Kenyans have been taking this bread for breakfast but nobody have ever asked about who owns the bread company. Broadways bread company was started in the year 1958 in Thika as a small bakery serving the town only.The company then moved to it's current location (The Industrial part of Thika) fully equipped with automatic baking plant in the year 1979.
This article will list the best online businesses in Kenya, which you can start quickly with little or no capital. 1. Website design & Development Business The first profitable online business in Kenya is designing and developing websites, with most people starting this business because of the high demand of Kenya’s flourishing economy.
As an entrepreneur, understanding why one business is successful and others are failing is one confusing or random thing. However, starting a large business doesn’t mean it will achieve it success, all the successful businesses that you see around have things in common that they make them successful.
For everyone who wants to run a successful business in Kenya, you need to have enough knowledge about the idea. You can consider a butchery business because it is profitable and many people like taking meat every day. The cost of starting a butchery business, actually depends on the size and location where you want to establish it.
Running a business is not for the faint of heart;entrepreneurship is inherently risky. Successful business owners must possess the ability to mitigate company-specific risks while simultaneously bringing a product or service to market at a price point that meets consumer demand levels. While there are a number of small businesses in a broad range of industries that perform well and are continuously profitable, 20% of small businesses fail in the first year, 50% go belly up after five years, and only 33% make it to 10 years or longer.
Last week, former Prime Minister Raila Amollo Odinga turned 77 years old with his birthday cakes being cut across the country in all the 47 Kenyan counties. However, his mega cake cutting event was held at the Bomas of Kenya where high profile leaders were present among them leaders from both the political divides in the country.
Starting a business, especially for the first time comes with a lot of challenges. You must first understand the startup mistakes that most entrepreneurs make that lead to business failure. Here are some of the mistakes that are made by startup entrepreneurs: 1.Failure to plan – Failing to plan is the greatest mistake that you can ever make when starting a business.
Full List Of Famous Hip-Hop Artists Who Died In 2021. The whole of this year has been riddled with back-to-back deaths within the Hip-hop community Below we are going to look at some of the major Hip-Hop artists who have lost their lives since the beginning of 2021 till now.
Running a business here in Kenya has and will always be a great alternative, considering that there are minimal formal job opportunities. In this article, we will be looking at the best businesses to start with 200k in Kenya. 1. Bakery Business Any entrepreneur in Kenya knows too well that you can never go wrong with food in Kenya.
In our today's world having a business and being your own boss is one of the best accomplishment one can do to have a better life. Through these you are able to pay your own bills and also ensuring your children go to a better school to secure proper education.In order to start a new business first you will have to ;
A baby shop is a profitable business idea that you can venture in if you want to attain your financial independence. The more the number of the nursing mothers the higher the demand of baby products there is. Below are some times on how you can start a successful baby shop business in Kenya:
Entrepreneurs are risk-takers. They often go out on the limb and risk everything they possess to try and turn their dreams into a successful business. However, statistics show that two out of five businesses fail in the first two years. Business failure impacts personal credit, as many use their personal credit cards to partially finance their working capital.
In the business world, the main thing that makes entrepreneurs worried is the competition that they face and mainly leads to business closure within the next 5 years of operating. Below are some useful tips on how to beat your business competitors: 1.Understand the competition – As an entrepreneur you are to carefully look at all the things that your competitors do.
There are a number of reasons why 80% of small businesses fail within five years. Furthermore, I believe it to be more like 95% of small businesses.I believe most businesses are started by people who have not done enough research into the business they are pursuing.
Most Tattoo Salons in the European Union on Tuesday experienced crisis as a new rule that outlaws the use of their most favoured inks was effectively effected. One the Tattoo artists compared the move a bakery. He said that its like taking a flour from the baker and still expect to get cake, in his claims, he suggests that the tattoo industry cannot function without the inks.