Last updated on March 2nd, 2024 at 05:43 pm
What business can I start with 200k in Uganda is a common concern among Ugandan people with living standard increasing becoming harder than before. So many Ugandans are looking for various to survive in this hard times. This guide will help you understand which business is good for you to start with 200k in Uganda.
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What Business Can I Start with 200k in Uganda
Some of the business you can start with 200k in Uganda are poultry farming, selling animal feeds, textile business, selling second hand clothes, start a salon or barbershop, start manicure and pedicure business, selling boiled eggs, start printing and photocopying business, start a car wash and finally a movie shop.
What business can I start with 200k in Uganda is a common concern among Ugandan people so we have compile a list of small businesses you can with 200k in Uganda.
Also Checkout: Businesses to start with Small Capital in Uganda
1. Poultry Farming Business
With 200k, one can start a small-scale poultry farm. The market for poultry products is growing in Uganda, and the business requires basic equipment, space, and knowledge on how to rear chickens. The estimated profit per day can be around 5-10k. The best location is outside of the city, where there is more space. The challenges faced include disease outbreaks and predators, but the benefits include a stable source of income and job creation.
2. Selling Animal feeds business
There is a constant demand for animal feeds in Uganda, making it a viable business option. One requires storage space, good quality feeds, and a market. The estimated profit per day can be around 3-5k. The best location is close to farms or markets. The challenges faced include sourcing quality feeds and competition from established suppliers, but the benefits include a stable income and the potential for expansion.
3. Textile Business
Uganda has a growing textile industry, making it a good business option. One needs to have a good supplier, a working space, and a market. The estimated profit per day can be around 5-10k. The best location is in an industrial area or market. The challenges faced include high competition, finding a reliable supplier, and marketing, but the benefits include a stable source of income and the potential for expansion.
4. Selling Second hand clothes
Second-hand clothing is a popular option for many Ugandans, and it requires little capital to start. One needs a good supplier, a working space, and a market. The estimated profit per day can be around 2-5k. The best location is close to a market or busy street. The challenges faced include sourcing quality clothes and competition from established suppliers, but the benefits include a stable income and the potential for expansion.
5. Salon and Barbershop business
The salon and barbershop business is a popular business option in Uganda. One requires basic equipment, space, and skills in hairdressing. The estimated profit per day can be around 10-20k. The best location is in a busy street or market. The challenges faced include high competition, finding skilled workers, and managing overhead costs, but the benefits include a stable source of income and job creation.
6. Manicure and Pedicure
The beauty industry is growing in Uganda, making it a good business option. One needs to have a good supplier, a working space, and skills in manicure and pedicure. The estimated profit per day can be around 5-10k. The best location is in an urban area or market. The challenges faced include sourcing quality supplies and competition, but the benefits include a stable source of income and the potential for expansion.
7. Selling Boiled Eggs and Smokies
Street food is a popular option for many Ugandans, making it a viable business option. One needs a good supplier, basic equipment, and a market. The estimated profit per day can be around 3-5k. The best location is in a busy street or market. The challenges faced include competition and sourcing quality supplies, but the benefits include a stable source of income and the potential for expansion.
8. Printing and Photocopy
With 200k, you can start a printing and photocopy business in Uganda. The market is vast, with many businesses and students needing these services. You’ll need a printer, photocopy machine, and paper to start. Estimated profits per day are around 5k to 10k. Best location would be near universities, schools, and business centers. Challenges faced could be competition, but benefits include a flexible schedule and low startup costs.
9. Car Wash Business
With 200k, you can start a car wash business in Uganda. The market is good, with many car owners looking for affordable car wash services. You’ll need a water source, cleaning supplies, and a good location. Estimated profits per day are around 10k to 15k. Best location would be near busy roads and commercial areas. Challenges faced could be weather conditions and competition, but benefits include a flexible schedule and the potential for growth.
10. Movie Shop
With 200k, you can start a movie shop business in Uganda. The market is good, with many people looking for entertainment options. You’ll need a TV, DVD player, and a collection of movies to start. Estimated profits per day are around 3k to 5k. Best location would be near residential areas and busy roads. Challenges faced could be piracy and competition, but benefits include a flexible schedule and the potential for growth.
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