Millions of businesses are outside there and thousands are joining. The question is…when are you starting yours? Entrepreneurship is the way forward, the trend is business and will always be; risk takers are the billionaires of the world. The multiplier effect of business ventures are higher than fix employment salary structures.
Despite the cons of businesses being risky, it’s worth trying. In the past years, dreams were to get employment in the greatest companies and organisations but the trend has shifted. Innovation and creativity is much encouraged with most states leading economies testifying to the levels of economic growth.
In Uganda, there’s progressive increase in entreprenuership; the levels of business informality to formality increased too. Uganda Revenue Authority testified to that in the recent revenue collection despite lockdowns that brought about economic shocks. Literate or illiterate, if you are not lazy and proud…
Here are five Businesses you can easily start with minimum capital(50 dollars) All the five business ideas does not require venue and employee. It is self employment that can later transition to employing others.
1. Selling fruits.
Purchase whole fruits of different types at wholesale price, retail as whole or sliced or even juice.
2. Snacks.
Purchase snacks categorically but advisable to produce your own. For instance start with those cheaper in productivity like groundnuts, maize, doughnuts etc.
3. Used Manchandise.
Used clothes, shoes, cultileries and appliances. Start with the ones easiest to stock. Keep stock at home temporarily until you make enough to acquire storage.
4. Vegetables.
Purchase categorically daily at wholesale from markets and retail in neighbourhood.
5. Masks
Purchase dozen of masks from producers and wholesalers, sell to friends, neighbors and neighbourhood, office locations.
Àll these ventures are for highly motivated individuals willing to earn daily income and substantially focus fully in them. However it’s important to select a product you connect with. Despite the small multiplier effect, endeavour to save daily for growth and self development.
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