How can I start a small business in Uganda?

Which small business is profitable in Uganda?

Other services. Selling isn’t the only lucrative business in Uganda. There are opportunities for those who can render services, too. Examples of services that are in high demand include hair styling, mobile phone repair, barbing, furniture making, car rental, tractor leasing, and so on.

What are the most profitable businesses in Uganda?

What are the most profitable business ventures in Uganda?

  1. 1 Agricultural production. Food is one the primary requirements in any society. …
  2. 2 Restaurants. …
  3. 3 Pharmaceutical services. …
  4. 4 Transport services. …
  5. 5 Education services. …
  6. 6 One-stop shopping centers. …
  7. 7 Salon services. …
  8. 8 Tourism.

What business can I do with 500000?

That being said you can pick from these top 12 lucrative business ideas you can start in Nigeria with 500k or less than 1 million naira.

  • Printing and Publishing.
  • The Building Block Business.
  • Renting Service for Building Materials.
  • Computer Service Center.
  • Farming.
  • Food Processing.
  • Sports Betting.
  • Exportation.
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26.03.2020

Which business can I start with 200000?

Listed below are profitable small businesses you can start with 200k that are thriving in Nigeria today.

  • Open a Restaurant.
  • Start a Fumigation Business.
  • Laundry and dry cleaning services.
  • Starting your own home services.
  • Importation of wears.
  • Livestock farming.
  • Car wash center.
  • Corporate cleaning services.

What are the most successful small businesses?

Most Profitable Small Businesses

  • Personal Wellness. …
  • Courses in Other Hobbies. …
  • Bookkeeping and Accounting. …
  • Consulting. …
  • Graphic Design. …
  • Social Media Management. …
  • Marketing Copywriter. …
  • Virtual Assistant Services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

7.01.2021

How much do I need to start a mini supermarket in Uganda?

Mini supermarkets are easy to start up as compared to the usual type of supermarkets and it may cost you around 3 to 5 Million Uganda Shillings to establish your own mini supermarket.

What’s the easiest business to start?

15 Easy Businesses to Start

  • Event Planning. …
  • Gardening and Landscaping Services. …
  • DJing. …
  • Painting. …
  • Yoga Instruction. Image (c) Hero Images / Getty Images. …
  • Local Tour Guide. Image (c) Zero Creatives / Getty Images. …
  • Tutoring. Tutor helping one of her students. …
  • You Don’t Need Much Money But You Do Need… Couple running small gardening business.

How can I make money fast in Uganda?

Opportunities to Make Money Online in Uganda

  1. Affiliate Marketing to support Uganda Businesses. …
  2. Online/Web Publishing. …
  3. Sell Products. …
  4. Social Media Influencer Opportunities. …
  5. Blogging About Tourism in Uganda. …
  6. Vlogging: A Very Popular and Effective Option. …
  7. Influencing on Instagram.
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4.01.2021

What business is best to invest in?

  1. Real Estate Sales and Management. You don’t need any specific degree to get into real estate. …
  2. Accounting. If you are good with numbers, accounting may be for you. …
  3. Copywriting. …
  4. Personal Training and Fitness. …
  5. Cleaning Services. …
  6. Storage Facilities. …
  7. Party and Event Services.

What is the best investment for 500k?

1. Stock Market. If you want to invest for the long-term, you’ll want to throw a good chunk of your $500,000 into the stock market. After all, this is where you most likely have your retirement funds invested, whether you have a 401(k) through work or a self-employed retirement plan, like a SEP-IRA or Solo 401(k).

How long will 500k last?

If you have $500,000 in savings, according to the 4% rule, you will have access to roughly $20,000 for 30 years. Retiring abroad in a country in South America may be more affordable in the long term than retiring in Europe.

What business can someone start with 300k?

With that in mind, we’ve compiled a list of best business to start with 300k.

Table of Contents Hide

  • #1. Tailoring.
  • #2. Barbershop.
  • #3. Hair Salon.
  • #4. Sale of Hair Extension.
  • #5. Sale of Clothes.
  • #6. Dry Cleaning Service.
  • #7. Football Viewing Centre.
  • #8. Cyber Cafe.

23.10.2020

What profitable business can I start?

Most Profitable Small Businesses

  • Tax Preparation and Bookkeeping. Without needing fancy premises or expensive equipment, tax preparation and bookkeeping services come with low overheads. …
  • Catering Services. …
  • Website Design. …
  • Business Consulting. …
  • Courier Services. …
  • Mobile Hairdresser Services. …
  • Cleaning Services. …
  • Online Tutoring.
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22.03.2018

What business can I start with 1000000?

Business I can start with 1 million naira in Nigeria

  • Opening a small supermarket. …
  • Opening a small restaurant. …
  • Boutique business. …
  • Phone and computer accessory business. …
  • Bakery business. …
  • Producing yoghurt and ice cream. …
  • Poultry farming. …
  • Fish farming.

16.01.2019

Can 200k start a business?

With the waning of Nigeria’s currency over the years, 200k might not seem like enough money to start your dream business or any good business for that matter; but depending on your choice of business and your actualization plan, it can be.

Hai Afrika!