Top 10 Small Business Ideas I Would Try If I Had 1 Million

Owning a business has been my desire over the years. Most of the businesses I had in mind required capital I couldn’t raise.

I have since realized that even with a capital of Ksh. 1 million, I could implement several business ideas.

But what are those business ideas to start with Ksh. 1,000,000 in Kenya?

Here are the top 10 business ideas I would invest in if I had a capital of Ksh. 1 million.

1. Real Estate

Buying and developing land for sale has been a business idea that has been on my mind for the longest time.

The need for houses will surge with the ever-rising population.

With 1 million shillings, I could start small by buying land cheaply and then sell at a profit.

I can also develop the land and sell homes when my business grows.

2. Hardware

The ever-rising need for property and houses makes the hardware business lucrative.

Investing Ksh. 1 million in stock can help you make incredible profits quickly.

Provided you get a prime location that is easily accessible, and development projects are likely to happen, you’ll be making a good kill.

3. Executive Carwash

The ever-increasing number of cars on Kenyan roads indicates that an executive car is a great business idea.

The number of executive carwashes is low considering the high capital they demand.

With 1 million, setting up an executive carwash will not be a big deal.

I have always thought of the struggles car owners face while seeking such services, and with a waiting lounge and a small cafeteria, this will be profitable.

4. Car dealership

While many think buying and selling cars requires a lot of money, I believe a million isn’t a bad start.

There are so many people who wish to sell their vehicles for one reason or another; you could tap into this opportunity and start with second-hand cars.

There is a growing need for cars, and this business idea will succeed.

You can buy cars for as little as Ksh. 200,000 or Ksh. 300,00 and sell them for a profit.

5. Car Hire

The increasing need for cars makes car hiring an up-and-coming business today.

With 1 million shillings, you can get a car or buy one on HirePurchase.

With proper marketing, you will be renting your car on a daily basis.

6. Taxi Business

The transport sector still offers a significant opportunity to invest and earn.

You can quickly get one or two cars and start a taxi business.

Provided you maintain your car well, you’ll build a good customer base, and with time, you’ll be reaping profits day and night.

You can also join the online taxi business by registering with rideshare apps, and with hard work and commitment, you won’t miss Ksh. 3,000 to 5,000 in a day.

7. Health and Wellness Center

The increasing need to stay fit and healthy exacerbates the need for wellness centers.

With a capital of Ksh. 1 million, I will get state-of-the-art gym equipment for weight lifting, yoga, and other holistic therapies.

8. Bar and Restaurant

Owning a bar requires high capital and a lot of operational capital to maintain it to the best standards.

A capital of Ksh. 1 million is good enough to set up an average club to attract customers.

9. Computer and Phone Accessory Business

With everyone owning and always looking to upgrade their phones, selling phones and their accessories is a promising business.

One million is enough capital to stock different phones and computers for sale.

You could search for big tech companies that can sell them at a favorable fee to make more profits.

10. Pig Farming

I am also interested in agriculture, and pig farming has been so close to my heart.

The ever-increasing demand for pork in and outside the country presents a good market opportunity for this business.

With 1 million shillings, you can set up a big farm and keep pigs for sale.

With all said, you can find a profitable business you can venture into with 1 million shillings.

However, you must do serious market research and seek guidance from experienced industry experts to increase your chances of succeeding.