15/11/2023
Top 10 Most Profitable Small Scale Business Ideas Worth Starting in Uganda Today.
1. Establish an agricultural store.. Buy wholesale agrarian produce, then stores them and sells them when prices are fine to the retailers in small quantities.. Buy agricultural produce from the farmers up country and transports them to city and busy trading centres, then stores them for some time while waiting for the prices to rise. Then sells them in small quantities to urban dwellers.
You can start this business with a capital of fewer than 5 million shillings.
2. Value addition on Agricultural produce.
One can start changing a raw agricultural product into something new through packaging, processing, cooling, drying, extracting or any other type of process that differentiates the product from the original raw commodity to fetch a better income..You can start consider proper harvesting, purification and packaging of honey; making banana chips and flour, milling and packaging millet flour, etc..
3. Unisex Salon Business.
The salon business is one of the most profitable business ideas you can do in Uganda today. You won't regret it when you Invest in a Unisex salon.. Depending on your preferred standard, you will need 5 to 10 million shillings to set up a good unisex saloon and grow it over time.. You need a well designed and attractive premise with proper lights, furniture, mirrors etc. Other working equipment will consist of hair dryers, hot combers, shaving machines, nail cutters etc.. The next step here will be to find a good location for your business. The location should be in a busy place having a good population and start working.
4. Outside catering services.
Offering food services to weddings, graduation parties, baby showers, birthday celebrations, etc has become the most in-demand service right now.. To start this business, you may not need more than 5 million shillings. All you need is to have your working equipment that include saucepans, food warmers, plates and glasses etc. In a good week, one can make up to 500000 shillings profit after paying off all workers and bills.
5. Events Management.
Events management means organizing ceremonies, parties, conferences, and music concerts on behalf of another person or company.. These parties may include graduation parties, birthday parties, and Funeral services. In other words, events management may also include offering outside tents services, sitting chairs for hire, a public address system etc.. The cost of starting this business is within your reach. You can still create this business even with a capital of 3 million shillings.
6. Boda Boda Business.
Besides the current challenges in the industry, bodaboda business remains a good business idea currently making people millions especially those with proper licensing.. You can start the Boda boda business with one motorcycle, or if you have the financial strength, you can own up to 3 motorcycles, with each bike costing you not more than 3 million shillings..Then find people who are trustworthy enough to operate them on your behalf. In exchange, each Boda boda motorcycle pays you about 15,000 shillings daily.. When collected daily, this money makes you up to 45,000 shillings of clean money from 3 boda boda motorcycles daily which translates into about 16.4M a year!
7. Open up a Computer and Smart Phone repair centre.. Computers and smartphones are in high demand in Uganda right now. This makes this business one of the most profitable business ideas to start right now in Uganda..To offer this services, you will need the necessary skills to repair computers and smartphones. Besides that, you will also need to procure computer and smartphone spare parts..The cost of procuring this equipment may be at most 10 million, and you can make up to 250,000 shillings on a good day.
8. Electronic money transfer services.. Today mobile money transfer and bank agency are the most popular means of transferring money from one person to another. To start this business, you need to own mobile money transfer simcards or banking system and initial capital of 5M to start offering mobile money and banking services. You can add other ideas like electronics, phone and accessories, accounts opening, mobile money agent servicing, SIM registration etc to increase earnings.
9. Small Scale Chicken Farming
Farming is the most largest industry in Uganda. It has no strong restrictions and other types of farming business has been rated among best businesses. But it might be time consuming but Chicken farming does not. You just need a property to raise the chicks, some money for medicine, including chicken feed in months your chickens will be ready for sale.
10.DSTV Sale Agent
Multi-choice is no doubt Africa’s leading entertainment company providing paid for TV through there products. Did you know you could actually be one of the agents? Other products you can join include ZUKU TV, Go TV, etc. But I strongly advise working with Multi-choice..You get paid depending on the number of customers you draw, subscriptions activated, decoders sold it also brings about advantage for satellite dish installers.
There are many more business ideas you can start and earn big like Gonja roasting, coffee shop, spa etc. However, these 10have the most potential to transform your financial future and your life forever.
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