Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services). It is also “any activity or enterprise entered into for profit.” Profitable Business Ideas in Kenya 2023. There are many opportunities for entrepreneurship in Kenya. However, if you want to start a business with higher potential than other options, it is essential to know the different ones and their success rates before deciding.
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner’s personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.
List of Most Profitable Business Ideas in Kenya 2023
E-commerce is the activity of electronically buying or selling of products on online services or over the Internet
Construction Business in Kenya
Construction is a general term meaning the art and science to form objects, systems, or organizations, and comes from Latin constructio and Old French construction. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure.
Agro vet Business in Kenya
An end-to-end supply store for farmers, dealing in seed, fertilizer, animal feed, veterinary supplies, etc.
A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearance and offerings, including a wide variety of cuisines and service models ranging from inexpensive fast-food restaurants and cafeterias to mid-priced family restaurants, to high-priced luxury establishments. Profitable Business Ideas in Kenya 2023
Spare-parts sales Business in Kenya.
Spare parts are an outgrowth of the industrial development of interchangeable parts and mass production. A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or refurbishment of failed units/equipment. Spare parts are an important feature of logistics engineering and supply chain management, often comprising dedicated spare parts management systems. Profitable Business Ideas in Kenya 2023
In an industrial environment, spare parts are described in several manner to distinguish key features of various spare parts. The following describes spare part types and their typically functionality.
Digital Marketing and Graphic Design
Digital marketing is the component of marketing that uses the Internet and online based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services. Profitable Business Ideas in Kenya 2023
Motorcycle Spare Parts Business in Kenya
Motorcycle components and systems for a motorcycle are engineered, manufactured, and assembled in order to produce motorcycle models with the desired performance, aesthetics, and cost. Profitable Business Ideas in Kenya 2023
Mobile money business
Mobile payment generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile to pay for a wide range of services and digital or hard goods.
Selling clothes (Mtumba business)
Mitumba is a Swahili term, literally meaning “bundles”, used to refer to plastic-wrapped packages of used clothing donated by people in wealthy countries. The term is also applied to the clothing that arrives in these bundles.
One major receiving port for Mitumba is in the Tanzanian city of Dar es Salaam. From there the clothing is widely dispersed into the interior of Africa. The transportation and sale of Mitumba is responsible for many jobs both in wealthy donor companies and in the African countries where Mitumba is bought and sold. Critics of the Mitumba trade note that the influx of cheap clothing is responsible for the decline of local textile industries. Proponents of Mitumba point out that the clothing is beneficial in that it stimulates economic activity and allows people with limited means to afford fashionable clothing.
Mitumba is usually packaged in plastic bundles prior to transport to Africa. Most of the Mitumba originates in developed countries such as the United States. Companies like Mid-West Textile Company of Texas purchase clothes that were donated to non-profit organizations such as Goodwill Industries. These clothes are then put into a conveyor belt and workers sort through them before making the bales or packages to be shipped to Africa. The practice of purchasing and the subsequent sale of clothes that were originally acquired as donations has received heavy criticism. However, defendants of the practice argue that not-for-profits organizations receive such large quantities of donations that they must indeed sell them in order to fund the several social projects they are involved with. The defendants go even further as to argue that if non-profit organizations were not able to sell most of their donations, they would not be able to survive nor fulfill their mission statements of helping the disadvantaged. The industry is one of the topics covered by professor Pietra Rivoli in her best-selling book, The Travels of a T-Shirt in the Global Economy.
Agribusiness refers to the enterprises, the industry, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. Profitable Business Ideas in Kenya 2023
Car wash businesses
A car wash, carwash, or auto wash is a facility used to clean the exterior, and in some cases the interior of motor vehicles. Car washes can be self-service, full-service (with attendants who wash the vehicle), or fully automated (possibly connected to a gas station).
Car washes may also be events where people pay to have their cars washed by volunteers, often using less specialized equipment, as a method to raise money for some purpose.
Laundry Business in Kenya
Laundry refers to the washing of clothing and other textiles, and, more broadly, their drying and ironing as well. Laundry has been part of history since humans began to wear clothes, so the methods by which different cultures have dealt with this universal human need are of interest to several branches of scholarship. Laundry work has traditionally been highly gendered, with the responsibility in most cultures falling to women (formerly known as laundresses or washerwomen). The Industrial Revolution gradually led to mechanized solutions to laundry work, notably the washing machine and later the tumble dryer. Laundry, like cooking and child care, is still done both at home and by commercial establishments outside the home.
The word “laundry” may refer to the clothing itself, or to the place where the cleaning happens. An individual home may have a laundry room; a utility room includes but is not restricted to the function of washing clothes. An apartment building or student hall of residence may have a shared laundry facility such as a tvättstuga. A stand-alone business is referred to as a self-service laundry (launderette in British English or laundromat in North American English).
Cosmetics Business in Kenya.
Cosmetics are constituted mixtures of chemical compounds derived from either natural sources, or synthetically created ones. Cosmetics have various purposes. Those designed for personal care and skin care can be used to cleanse or protect the body or skin. Cosmetics designed to enhance or alter one’s appearance (makeup) can be used to conceal blemishes, enhance one’s natural features (such as the eyebrows and eyelashes), add color to a person’s face, or change the appearance of the face entirely to resemble a different person, creature or object. Cosmetics can also be designed to add fragrance to the body. Profitable Business Ideas in Kenya 2023
Jewellery Business in Kenya
Jewellery or jewelry consists of decorative items worn for personal adornment, such as brooches, rings, necklaces, earrings, pendants, bracelets, and cufflinks. Jewellery may be attached to the body or the clothes. From a western perspective, the term is restricted to durable ornaments, excluding flowers for example. For many centuries metal such as gold often combined with gemstones, has been the normal material for jewellery, but other materials such as shells and other plant materials may be used.
Travel agency business in Kenya
A travel agency is a private retailer or public service that provides travel and tourism-related services to the general public on behalf of accommodation or travel suppliers to offer different kinds of travelling packages for each destination. Profitable Business Ideas in Kenya 2023.
Airbnb business in Kenya
Airbnb, Inc. is an American company that operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities. Based in San Francisco, California, the platform is accessible via website and mobile app. Profitable Business Ideas in Kenya 2023
Motorcycle Repair Business in Kenya
A motorcycle mechanic is a small engine mechanic who specializes in maintaining and repairing traditional and nontraditional motorcycles, scooters, dirt bikes, and mopeds. Profitable Business Ideas in Kenya 2023
Taxi Businesses in Kenya
A taxi, also known as a taxicab or simply a cab, is a type of vehicle for hire with a driver, used by a single passenger or small group of passengers, often for a non-shared ride. A taxicab conveys passengers between locations of their choice. This differs from public transport where the pick-up and drop-off locations are decided by the service provider, not by the customers, although demand responsive transport and share taxis provide a hybrid bus/taxi mode.
There are four distinct forms of taxicab, which can be identified by slightly differing terms in different countries:
- Hackney carriages, also known as public hire, hailed or street taxis, licensed for hailing throughout communities
- Private hire vehicles, also known as minicabs or private hire taxis, licensed for pre-booking only
- Taxibuses, also come in many variations throughout the developing countries as jitneys or jeepney, operating on pre-set routes typified by multiple stops and multiple independent passengers
- Limousines, specialized vehicle licensed for operation by pre-booking
Although types of vehicles and methods of regulation, hiring, dispatching, and negotiating payment differ significantly from country to country, many common characteristics exist. Disputes over whether ridesharing companies should be regulated as taxicabs resulted in some jurisdictions creating new regulations for these services.
Baking and Cake Making Business in Kenya.
Baking is a method of preparing food that uses dry heat, typically in an oven, but can also be done in hot ashes, or on hot stones. The most common baked item is bread but many other types of foods can be baked. Heat is gradually transferred “from the surface of cakes, cookies, and pieces of bread to their center. As heat travels through, it transforms batters and doughs into baked goods and more with a firm dry crust and a softer center”. Baking can be combined with grilling to produce a hybrid barbecue variant by using both methods simultaneously, or one after the other. Baking is related to barbecuing because the concept of the masonry oven is similar to that of a smoke pit.
Landscaping Business in Kenya
Landscaping refers to any activity that modifies the visible features of an area of land, including the following: Living elements, such as flora or fauna; or what is commonly called gardening, the art and craft of growing plants with a goal of creating a beauty within the landscape. Profitable Business Ideas in Kenya 2023
Security Businesses in Kenya
Security is protection from, or resilience against, potential harm (or other unwanted coercive change) caused by others, by restraining the freedom of others to act. Beneficiaries (technically referents) of security may be of persons and social groups, objects and institutions, ecosystems or any other entity or phenomenon vulnerable to unwanted change. Profitable Business Ideas in Kenya 2023.
Security mostly refers to protection from hostile forces, but it has a wide range of other senses: for example, as the absence of harm (e.g. freedom from want); as the presence of an essential good (e.g. food security); as resilience against potential damage or harm (e.g. secure foundations); as secrecy (e.g. a secure telephone line); as containment (e.g. a secure room or cell); and as a state of mind (e.g. emotional security).
The term is also used to refer to acts and systems whose purpose may be to provide security (e.g.: security companies, security forces, security guard, cyber security systems, security cameras, remote guarding). Security is not only physical but it can also be virtual.
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