List of Worst Businesses to Start in Kenya
Starting a business can be a risky endeavor, especially in Kenya where the business environment can be unpredictable. While some businesses may thrive, others may struggle to make a profit or even fail completely. In this article, we will be discussing the 20 worst businesses to start in Kenya, based on factors such as market saturation, lack of demand, and high competition.
Here’s a list of Worst Businesses to Start in Kenya:
1. Cybercafe
With the rise of smartphones and affordable internet bundles, cybercafes are becoming increasingly irrelevant. Starting a cybercafe in Kenya may not be a profitable venture, as people can access the internet from the comfort of their homes or on their phones.
2. DVD rental shops
Just like cybercafes, DVD rental shops are becoming outdated. With the rise of streaming services like Netflix and Showmax, people are no longer interested in renting DVDs. Starting a DVD rental shop in Kenya may not be a wise investment.
3. Car washes
Although car washes are a popular business in Kenya, the competition is high, and the market is saturated.
Starting a car wash may not be profitable, especially if there are already multiple car washes in the area.
4. Mobile money transfer shops
While mobile money transfer services like M-Pesa are popular in Kenya, starting a dedicated mobile money transfer shop may not be a wise investment.
Customers can easily access these services from their phones, making physical shops unnecessary.
5. Photo studios
With the rise of smartphones and affordable cameras, people can take high-quality photos from the comfort of their own homes. Starting a photo studio in Kenya may not be profitable, as demand for these services has decreased.
6. Printing and photocopying shops
Just like cybercafes, printing and photocopying shops are becoming irrelevant. With the rise of digital documents, people are no longer interested in printing or photocopying documents. Starting a printing and photocopying shop in Kenya may not be a wise investment.
7. Second-hand clothing shops
While second-hand clothing shops are popular in Kenya, the market is saturated. Starting a second-hand clothing shop may not be profitable, especially if there are already multiple shops in the area.
8. Movie theaters
Kenyans are increasingly turning to online streaming services to watch movies.
Starting a movie theatre in Kenya may not be a wise investment, especially if there are already movie theatres in the area.
9. Travel agencies
Although travel agencies were once popular in Kenya, the rise of online booking platforms has made them irrelevant.
Starting a travel agency in Kenya may not be profitable, as customers can easily book flights and hotels online.
10. Video game shops
With the rise of online gaming and affordable gaming consoles, starting a video game shop in Kenya may not be profitable.
The competition is high, and demand for physical video games is decreasing.
11. Traditional print media
With the rise of digital media, traditional print media like newspapers and magazines are becoming irrelevant. Starting a traditional print media business in Kenya may not be a wise investment.
12. Betting shops
While betting is popular in Kenya, the government has been cracking down on betting companies.
Starting a betting shop in Kenya may not be a wise investment, as the government may shut down the business at any time.
13. Bridal shops
While bridal shops can be profitable, the competition is high, and the market is saturated. Starting a bridal shop in Kenya may not be profitable, especially if there are already multiple bridal shops in the area.
14. Pet shops
While pet shops can be profitable, the competition is high, and the market is saturated.
Starting a pet shop in Kenya may not be profitable, especially if there are already multiple pet shops in the area.
15. Bookshops
With the rise of online bookstores like Amazon, physical bookstores are becoming irrelevant.
Starting a bookshop in Kenya may not be a wise investment, as demand for physical books is decreasing.
16. Music shops
With the rise of online music platforms like Spotify and Apple Music, physical music shops are becoming irrelevant. Starting a music shop in Kenya may not be a wise investment, as demand for physical music is decreasing.
17. Internet cafes
Just like cybercafes, internet cafes are becoming irrelevant. With the rise of smartphones and affordable internet bundles, people can access the internet from the comfort of their homes or on their phones. Starting an internet cafe in Kenya may not be a wise investment.
18. Shoe shops
While shoe shops can be profitable, the competition is high, and the market is saturated. Starting a shoe shop in Kenya may not be profitable, especially if there are already multiple shoe shops in the area.
19. Beauty salons
While beauty salons can be profitable, the competition is high, and the market is saturated. Starting a beauty salon in Kenya may not be profitable, especially if there are already multiple beauty salons in the area.
20. Photo booths
With the rise of smartphones and affordable cameras, people can take high-quality photos from the comfort of their own homes. Starting a photo booth business in Kenya may be a worst business idea to start in kenya.
In conclusion, starting a business in Kenya is a challenging endeavor, and it’s important to choose the right type of business to invest your time and money in. It’s important to consider market trends and competition before starting any business venture. The businesses listed above have either become outdated or are struggling to compete in the current market. As an entrepreneur, it’s important to stay informed and adapt to changes in the market to succeed in the long run.