The following questions have been asked severally by most Ghanaians:
How do I invest Ghc 10,000?
What are the best ways to earn more money with just 10,000 Ghc?
What profitable business will I do with 10,000 Ghana Cedis In Ghana?
Businesses that can be started with 10,000 Ghc?
Business to start with Ghc 10,000 in Ghana?
90% of people who ask such questions, want you to give them the get rich quick formula. If you want to build a business that will last then this article is for you. Why will we say that? Business and investment is a gradual thing. It’s like growing a child, it takes the time to reach the desired goal. Why it’s so?
If you’re new, it’s definitely a learning process every business whether small or big learns daily. For new businesses, their learning process can be tedious. You’ll need to unlearn to learn. You may face temporary setback. Setbacks might come no matter how to try to avoid them. but use it as a stepping stone. It takes time to build the customers you need. You don’t make 1000000 customers today. You build your customers with time.
Top 10 Businesses You Can Start With 10,000 Ghana Cedis In Ghana
Here we go the top businesses you can start with 10,000 in Ghana. 10,000 is a great seed capital. In a country like Ghana, there are many businesses you can start with such cash. We’ve clear fully selected the businesses that will better produce the return on investment.
1. Grocery Store:
This form of business that works irrespective of the business location and provides the daily needs of households and individuals. The items can range from fast food, toiletries, children candies to soft drinks. With your money, you can create a permanent grocery store where you operate from a location daily or create a grocery store for emergencies where you move from one location to another.
Grocery store for emergencies is a part-time form of grocery store business where it works best in places where camp are held or as a result of natural disasters.
Grocery store business is a great business because once setup, the business provide a residual income.
2. Farming Business:
The farming business is another sector that you’re to watch out. Plans are under way to boost the sector in other to become another revenue generating industry in Ghana. One vital farming business is poultry and fish farming.
As new hotels, restaurant, caterers springs up, fast food joint, corporate occasions, and celebrations, the need for poultry egg and meat is on the increase.
Also, as the demand domestically increases, the import is discouraged, to boost local production and to ensure we’re taking a healthy meat.
In poultry farming, there are three ways to enter the business.
Broilers farming: where you grow bird for meat consumption
Layers farming: Where you grow bird for egg production
Cockerel farming: where you also grow the bird for meat consumption
Each of the poultry bird you choose to do, you’re going to make a profit.
According to reports, the demand for fish domestically is higher than the supply, the government has to import to augment the demand. This simply shows that the market for fish farming is available. You’ll need to know the nitty-gritty of the business before you venture into.
In fish farming business, you’ll need a fish pond, easy to water accessibility and good breed for the fish to stand the chance to grow to the required size.
This business works irrespective of your location. The business is about selling books and related items. The bookshop can focus on the most important book and item that people will buy.
For instance, if you stay in a place where you have more of the student, you can decide to start a bookshop to sell academic books, CDs, writing pad and so on. Whichever type of bookshop you wish to open, you’ll have to look for suppliers. Our recommendation is to get 3-5 suppliers and choose from one you can work with.
4. Event Rental Equipment:
A wedding planner we got to know some few years ago told me his business is more of outsourcing. He outsources virtually all the equipment he uses which include the tent, canopies, chairs, and table. Now the owner of that equipment may not necessary be in the business, but renting the equipment to those who are into the business.
You can start the rental equipment business and earn money from it. Most of the equipment once created stands the test of time. For instance, the canopy stands are created with metal, the only thing you change over time is the canopy itself (which also last longer than you think too).
At the start, create a business where you can be able to rent out this equipment to at least two people. You’ll have the room to expand by reinvesting the profits into the business. The event rental equipment business is one of the businesses that makes you recover your invested income in time.
5. Building Material Rentals:
Renting of building material equipment is another business you really need to look into. Several materials are available to rent. Some include block making machine, mixer, pan and so on.
Most of the materials are made of metal and really durable. The equipment are rent out on a per day basis.
6. Dry Cleaning Services:
Many have little or no time for themselves because the of the nature of their work. To develop more free time for themselves, they have decided to pay for other services. And one of the popular of such services is dry cleaning.
This business can be started from the comfort of your home and scale it up. Get standard equipment that enhances your work and makes your service stand out.
7. Football Viewing Centre:
Nine out of ten youth love football. The European football has captured the minds of many. Today, the majority of people can
pay any amount if you can stream the football. Even those who have access to view it at home, prefer the viewing centre because of the fun.
Starting the business requires that you have a space (preferably 50X50), satellite dish, Television/ projector, standby generator and seats.
Choose the satellite dish that shows majority of the football people love in your area.
Make your place unique and ensure you charges will cover your cost (satellite subscription, generator servicing and fuelling cost and utility bill). Security measures should be included. Because without security guarantees, no one will visit the viewing centre.
8. Business Centre:
Even though we’re in a computer age, we still people who like to outsource their printing, typing, photocopy, online registration, laminating and so on. You can start the business by getting the necessary equipment and start offering the services.
9. Car Wash:
More cars are plying our roads today than some few years ago. You can start a house to house car wash business or start a standard one in a location that car owners will visit you.
10. Product Line:
Maybe you may want to start your own product line, where you find a manufacturer or supplier to create product (s) with your name, contact, logo and cover design on it. With this business, you stand the chance of building your own business network of suppliers and distributors.
These are the business you can start with 10,000 Ghana Cedis.