
Best Business to do in Uganda with Just Shs 1 Million. Becoming self-employed is one of the trickiest phases in one’s life but at one point you definitely have to take that path especially if you want to be your own boss or you’re tired of being employed.
However, many people usually do not know what to invest in or they probably do not have enough money to pursue their ideal business objectives. But did you know that there are businesses that you can invest with just as low as Shs 1 million and below and can reap from them. Yes, there are businesses that you can do with this money and grow big in Uganda.
However, there are several factors that you should consider before investing in such a business. These factors include place, clientele, are you going to work in the place by yourself among other factors. So without waiting much time below are some business you can invest in with such money:
1. Frying Chips

This is a very lucrative business that doesn’t require you to have a lot of money to start. All you need is a strategic place to start. This is very key in this business. Busy streets, universities, markets, trading centers are some of the places that suit this business well.
All you need is a frampen/frying pan which usually costs between 20k-50k depending on the size. Another thing you need is a table among other few things. Rent of the place might cost you between 150-300k for three months depending on what where you are going to work from. Roughly this business might cost you between 400k-700k to set up. The profits vary from 10k-50k a day. All this comes down to various factors.
2. Chapati Stall

Well this is another business that you’re not so much money can help you to collect some money to supplement your job and eventually transition from self-employment. As listed above, this business also requires the same factors.
It might cost you between 300k-700k to set up this business and start working. One packet of wheat could generate between 3k-6k profits.
3. Popcorn Machine

Yes, this is another viable business that can rake you in some extra income. For all these businesses, the factors to consider are almost similar. Place, if you’re going to work for yourself among other factors are some of the issues that come into play. A charcoal popcorn machine goes for 200-350k while an electric one goes for 200-500k depending on the quality and where you have bought it from.
4. Foodstuffs Trading

Did you think that you need millions of money to trade in foodstuffs? Well I have some good news for you and you really don’t need a lot of money. All you need in this business is connections and honest people to work with. I will tell you that a big sack of Irish potatoes goes for as low as 50k-100k in Western Uganda. When brought to Kampala, it sells for as high as 200-300k. factor into the equation the transport costs while planning such businesses. Additionally a bunch of BOGOYA goes for as little as 4k-10k in rural areas and in Kampala it sells for between 30-50k. The same goes for other food stuffs such as beans, maize, matooke among other stuff. Do your homework right and soon you will be swimming in cash.
5. Roasting Meat

A popular saying in Uganda says that ‘enyama teddiba’ translates into that meat always gets buyers no matter what. So just like other businesses mentioned above this is a very viable business. This is one of the cheapest yet very profitable businesses. It will cost you between 100k-200k. The biggest thing you need here is a charcoal stove that costs between 30k-50k. A kilo of meat might give you profits of 3k-5k a day. If you can sell many kilos then the better for you.
Well those are some of the businesses that you could look into if you have limited capital. However do not ignore the factors that are crucial when starting up a business. One thing I want to emphasize is that if you are going to employ someone, make sure you provide keen supervision and monitoring. These are very small businesses in that a mere take away of as little as 10k might send them into depression.
Best Business to do in Uganda with Just Shs 1 Million.