10 Successful Businesses That You Can Run From Home
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10 Successful Businesses To Run From Home
Rising Africa:
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Success lies within you.
It doesn’t require a large office or a big team or huge amount of capital.
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It can start from home…
Let’s see top 10 successful businesses in Africa, that you can start from home.
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1. Live Stock Breeding
Image courtesy: ekoniva-apk.ru
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Live Stock Breeding
• Nigeria, with a population of 15 Crores, comprises mainly beef and mutton eaters.
• There is ample potential for livestock breeding, livestock feed production and equipment selling.
• If one is already into agriculture or horticulture then this will be one of the best additional activity which will help in getting hugely required bio fertilizer though animal dung.
• The venture can be started in limited investment but the key prerequisite will be improved animal breeding regime through improved and better feeding techniques.
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2. Poultry Farming
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Poultry Farming
• Taking in to account the liking for chickens and eggs by almost entire big population of Africa, there exists a huge market for poultry products.
• One advantage of this business is, chickens are ready for Market in 28-30 weeks. Less time span helps investors garner ROI quickly and thereby repay loan easily as investment maturity is relatively faster.
• In Nigeria on an average chicken is worth 2000-2500Naira. Meanwhile, the egg market continues to be attractive with its huge demand.
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3. Rice Farming
Image courtesy: rwandacentral.com
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Rice Farming
• The requirement of rice in the whole of Africa especially Nigeria is so high that Government is forced to import rice.
• This has resulted in Government policies like NFSP to support rice production.
• The crop cycle is less than 4 months for harvesting hence gives quick returns.
• Rice is also a high yield crop and if one keeps abreast with globally followed better farming practices then substantially higher returns can be obtained from not so big holdings also.
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4. Internet Based Companies
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Internet Based Companies
• This is one business identified by analysts as a way of getting maximum return on investment.
• The market here can be domestic as well as international. The reach of internet makes this business an attractive proposition.
• Some of the internet based businesses which entrepreneurs can explore are Website designers, E-commerce, Promoting copyright products, and Social media marketing.
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5. Water Purification
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Water Purification
• Steady increase in population is adding to the water woes. Therefore one can explore the option of portable water purification business.
• Currently two ways of delivering drinking water exist i.e. through bottles and sachets. Sachets seem to be more affordable for the poor.
• The setup capital expected to be between 5 -10 Million Naira. Another advantage of investing in this business is ease of getting loan from banks.
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6. Furniture Business
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Furniture Business
• In Nigeria, new offices and houses are coming up in urban areas in large numbers thereby opening big market for furniture and furnishing.
• If you see the industry, Nigerian furniture is more affordable than imported designer furniture.
• Analyst say 200000Naira is the minimum capital requirement to start the furniture business.
• Three major requirements for this business are Raw materials, Equipments and skilled Carpenters.
• The showroom can be one’s household if it has adequate space for show room and works
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7. Restaurant Business
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Restaurant Business
• Entrepreneurs can target small scale restaurants to start with which will require low startup capital.
• Industry experts say that with 300000 Naira you can start a local restaurant in Nigeria. The profit returns are also high in this industry.
• Minimum requirements here are location, utensils and other instruments, furniture, and an excellent cook.
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8. Stitching and Tailoring
Image courtesy: www.stitchesuk.co.uk
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Stitching and Tailoring
• The number of Schools in Africa is increasing day by day. There are over 500 schools in Lagos state in Nigeria alone. These schools need uniform for their students.
• In addition the uniform requirements are huge for Civil, Defense, Police Force and other Security Personnel, The persons employed with utility services like transport and Hospitals also require uniform.
• Such a huge demand cannot be met by few companies and if one can position as a uniform supplier it can be a lucrative business.
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9. Security company
Image courtesy: bulksecureservices.com
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Security company
• With the increase in security threat perceptions the need for providing good security services is also increasing.
• The Government is trying to ensure security for every citizen but the increasing crime graph and lawlessness has created a situation where the security can only be ensured though joint efforts of Governments and corporates.
• There is scope for setting up Security service providing company/ agency. At the same time the security products and safety devices can be procured and sold as well, making it an attractive business.
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10. Outsourced bus service
Image courtesy: commons.wikimedia.org
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Outsourced bus service
• Opening of more and more Schools, offices, training and other institutions has created a vast market for human transport business in Africa.
• One can provide transportation services to organizations which cannot afford to buy a vehicle in-house or even at many times hiring a vehicle is more economical and viable option than owning a vehicle.
• Providing human transport services can be a pretty good business option as it will require providing a bus and a driver for one or more institutions at a time and can be easily managed from home without hiring any additional accommodation.
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There might be a variety of business options for young entrepreneurs but right guidance can help you in being successful.
It is your time to make a difference! Step out, create one!
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Mara Foundation’s AmbitionWe enable, inspire and empower ambitious entrepreneurs in Africa. With the support of our Mara Mentors we will:
Inspire millions of young people in Africa to become entrepreneurs.
Teach entrepreneurs new skills.
Enable entrepreneurs to turn business ideas into a reality.
Guide business owners to grow businesses and hire (more) employees.Empower entrepreneurs by providing a platform to showcase their business and build their network.
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