Many of us want to start their own business in Uganda to become rich, successful, and provide future generations with comfort. So many people start businesses these days, but not all of them are so profitable. All of us want to know what are the business ideas in Uganda that could be started with a decent amount of money.
Today, we will list you some of the best business to start with 2 million shillings in Uganda!
How to Start A Business With 2 Million shillings In Uganda
Usually, the capital that is invested in the business will not necessarily determine the profitability of it. The profit you get from the business depends on many different factors, for instance, your business vision and ideas, the plan that you have worked out for your enterprise and the general interest of people in your initiative. So many people nowadays start their businesses with little capital or no capital at all. And in the end, a lot of those become successful and bring them much more profit than they originally expected.
Today, we will talk about the investment opportunities in Uganda when you have 2 million ugandan shillings in your pocket. We are hoping to answer your question “what kind of business can I start with 2 million shillings in Uganda?” by providing you with the sorts of ideas that you could choose from.
Lots of people want to know how to make money in Uganda, but it needs a lot of knowledge and determination actually to start your own thing and make it lucrative. If you have 2 million shillings in your hands, why not invest it into something and eventually make even more? We believe that one of those businesses will become your source of good money very soon, and you will not have to doubt and wonder where to get cash anymore.
Business To Start With 2 Million Shillings In Uganda
So, now we will list the actually profitable businesses in Uganda for you, that you could attempt setting up. Hopefully, all of our diverse and interesting ideas would be useful for someone.
1. Opening A Small Supermarket:
If you have got Two million shillings in your hands, it will be just the right amount of money for setting up a small
supermarket. It is a very feasible business which will most definitely pay off if you provide a good and high-quality service to your customers.
Supermarkets usually have advantage over the simple local stalls and shops. The price, which is written on your product, is impossible to be bargained, unlike the local shops where the clients usually have a habit to bargain.
In your supermarket, you can provide the products that people in your neighborhood would need the most, and sell it for a good price. It will be even better if you set up your supermarket in the area where there are not so many stores, but many local people. The location is an extremely important point when you start the supermarket business.
– If there are three similar stores to yours in the same street, then chances are that your own business will be lost in their shadows. Setting it up in an area with a high population which is accessible very easily will be the best way. Your supermarket should not be in the hidden place, covered by the buildings and trees.
2. Opening A Small Restaurant:
Perhaps, Two million ugandan shillings would be not enough money to work from scratch on setting up a successful restaurant.
However, you can start with these funds, and perhaps the restaurant will soon become patronized by the elites. Or perhaps you can combine your money with someone else’s and start a joint business. If you provide good service, restaurant business is a kind of business that moves fast in Uganda. It will become a very profitable venture for you in no time.
The reason to start the restaurant of your own is very simple: people always have to eat, it is a basic necessity for everyone. And a lot of people are busy with work and have no time to cook for themselves at home, or just want the right place to eat when they have a break from their workday.
Without food, people can not last for long, and when the person feels hungry but has no time or energy to buy products from the supermarket and cook, the first option that stands in front of them is going to the closest eatery that is situated near their home or workplace.
To set up a good restaurant, you should remember that it should always remain clean, otherwise, the word will spread that your eatery is unsanitary. The good location is very important too, and preferably it should be situated close to the living or business area where there are a lot of people.
Usually, the restaurants situated close to the schools and universities are a big hit, because students always want to eat in their breaks between classes.
Finally, of course, the quality of your products should be good, and it should always be monitored very closely. It is very easy to achieve a negative reputation after the clients have problems with your food, even if it happens for once.
3. Boutique Business:
The most basic needs of a regular person are food and shelter but also everyone needs clothing, and we all renew our wardrobe once in a while. So, Two million shilling can be enough for renting a place and starting up the boutique business. With this amount of money, you can buy the basic amount of clothes, and you can choose those which are
meant to be bought by regular people, instead of the high-fashion brand clothes that are usually acquired by celebrities
and rich people because of their high prices.
There are a lot of clothing shops around, and all of their owners have been uncertain at first, but with time they have expanded their business and attracted the regular clientele. Perhaps, the same thing would happen to you. The well-known fact that would probably lift your spirits is that the average-priced clothing is sold much faster than the overpriced brand clothes.
Have you ever noticed that the brand boutique shops are usually empty, and with time they close due to no income? This is because nowadays people cannot afford themselves such expensive clothing, and they always search for a store that would sell good clothes at an acceptable price. So, maybe you can start and develop this store for their needs.
4. Phone And Computer Accessory Business:
The majority of the population in Uganda use mobile phones and personal computers. They often want to purchase new versions of their technical gadgets and the various accessories for them. People also need new technology after their old phone and computer got damaged, because none of these things will last forever.
5. Bakery Business:
In order to start a bakery of your own, you will not have to be an excellent baker or cook. You can just hire people who can perform the job. The next step would be writing up a business plan and pricing all the goods that you will be selling. You will have to find a good space for your bakery, which will attract people.
Your bakery can start as something small, and later, when it starts bringing you profit, it can evolve into something
bigger. Always remember to be original – all of the most successful bakeries that have attracted tons of clients usually have their unique product that no one else sends, or come up with something else to be appealing to the customers.
You should just be creative and show people why they have to buy pastries from your bakery, not anyone else’s.
6. Producing Yoghurt And Ice Cream:
This business nowadays is growing and developing very fast and is already acquiring a fair share of market. The appeal of this business is the ice cream and yoghurt being relatively easy to produce. They can not only be sold directly but also supplied to various establishments, like canteens, cafeterias, hotels, and eateries. Except that, they can simply be marketed in a truck.
First of all, you will need a source of energy, which will help you to preserve your ice cream and yoghurt properly. It is quite easy to fall out of business because you caused somebody health problems with bad production.
So, you will have to watch your temperature and keep your
yoghurt and ice cream in a normal environment. Another thing about this business is that you will need a strong and established market beforehand, because there is a risk that a lot of yoghurt and ice cream will not be purchased and consumed, and these products must not be preserved for long.
Ugandan people like to consume yoghurt and ice cream, so it is fairly easy to attract the customer base if you are providing a good product.
7. Poultry Farming:
Bird’s meat is one of the most consumed products in Uganda. Many people eat it in the restaurants as a part of some product. Besides, poultry does not only mean meat but also eggs, which are an essential part of Ugandan foods. There are a lot of meals with meat and eggs.
Becoming a poultry farmer might require some effort, but in the end, it pays off and becomes profitable. Your business plan should be the following: at first, you acquire a good suitable land for the poultry business.
You have to buy the chickens and all the equipment for them, and then take good care of the birds – feed them on time, vaccinate them regularly, and watch them. The broilers and eggs, provided that they are of really good quality, will be wanted by various customers – restaurants, hotels, and eateries.
8. Fish Farming:
If you start farming catfish, you will be in the win, because this is the most popular and cultivated type of fish in Uganda. It attracts quite a lot of customers because Ugandan people love eating fish and using it in various cooking meals.
Catfish is also not too difficult to raise if you know the basics of fish farming. You can also try raising other fishes, like mackerel and tilapia, which are supposed to be cultivated in the pond.
9. Pig And Goat Farming:
Here is another business that farmers could gain profit from. Goats and pigs are often needed, mostly for gifts, sales and
consumption. So, if you are interested in starting your own piggery or goat farming, you can start with the small amount of money that you will invest into establishing your farm, and then, when you gain reputation and profit, you can expand your business.
10. Printing And Publishing:
If your soul is into more creative things rather than farming and physical work, then you should perhaps research the printing and profit that it brings. Usually, the printing business brings a lot of profit if it is established near the school or university because the students always need to print out some materials for work. The educational institutions also
have magazines that they would want to print. Except that, the couples that are getting ready for the wedding print out their invitations, the various businesses print out the advertisements and flyers, and the writers want to publish the books they wrote. So, this business is originally destined to be a success if you gain a lot of regular clients.
By the way, there are many more editorial services that you could do along with the publishing and printing, which are copywriting, review, ghostwriting and others. The more you expand your service, the more clients you will attract.
These are the ten profitable business ideas that you can start with an average capital of two million shillings in Uganda!