Business Startup Ideas With Little Capital and How to get started
The unemployment rate in Ghana is very high, however the Country has good opportunities for small business to grow. One of the great concerns of young entrepreneurs is the acquisition of startup capital but this should not be always the case. The country has a lot of untapped business potentials and most of these do not require huge amount of capital to start. In this article, we will be looking at business ideas that require little to no capital in Ghana.
1. Salon or Barber Shop
Everyone likes to look good and therefore require the services of a hairdresser or barber. Most people often get their hair done or have a haircut every two weeks and as the country’s population increases, there is sure to be an increase in demand for these services.
The essential ingredients to kickstart this business startup idea is a talented hair stylist or a barber, a well-equipped store and a good location.
2. Catering Business
If you love to cook or are interested in food related businesses, then the catering business startup idea is one for you. This business is high in demand since there are a lot of events occurring frequently in the local communities.
You can start as a single individual at a joint, a junction, a bus stop or in front of your house, once you have decided the kind of food to sell.
You can attempt selling simple foods like fried yam, kelewele, porridge, rice and stew, etc. This is also flexible such that, in case there are large orders, you can have a small team to assist you.
With the existence of Bolt Food and Glovo actively running, you can take advantage of these online platforms and showcase your food samples. You don’t need a fancy location for that, you can cook right from your home and sell online.
3. Event Planning
People in Ghana are always having event programs like engagement ceremonies, weddings, out-dooring, funerals, corporate events, etc. almost every weekend and as such, there is a high demand for event planners. Obviously event planners are needed to organize these events.
This business startup idea doesn’t need a lot of money to start and what you need to spend money on at the initial stages is advertising. With Social media platforms like Facebook, WhatsApp, Instagram, Twitter and the rest, you will have a good head start if you have a lot of followers and are able to actively engage them.
4. Day Care Business
If you are great with handling kids, then a day care business startup is something you can venture into. There is a high demand for day care business in the urban cities where most people are busy with work and other productive schedules. As a result parents have less time to be with their children during the working hours of the day.
You may not always handle the kids yourself, but you form a team of talented people who are also great in handling children to do the job. You can start this business with little capital, however since you are dealing with children, you will have to put certain necessary measures such as clean environment, high standard of security and good hygienic practices.
5. Sewing Business
Sewing business is high in demand and with various events and activities happening frequently, people will always need a new dress. Events like Engagements, Weddings, Outdooring, Corporate Meetings, Award Ceremonies and the rest are the very moments that people love to show some class and beauty.
Learning to sew takes time to perfect. However, there is the option of outsourcing to other professionals while you focus on the designing of the dress. You may not have to do all the work, especially when you are able to bid and get clothing contracts for school children, church choirs and others.
This business startup doesn’t require a huge capital. You can start with one sewing machine and can easily scale up when there is high demand.
6. Photography Business
Taking photos is part of our daily lives and memorable events cannot be left out. Ghanaians love to take pictures at their memorable events and as such, the need for photography business. Hardly will you see a wedding event without a photographer in modern day society.
With a professional camera to take photos and a laptop to edit them, one is ready to kick start a photography business. People are ready to pay for high quality beauty pictures, thereby making this business startup a lucrative one.
7. Videography Business
Just like the photography business, videography is also high in demand. Hardly will any weekend go by without an event. Birthday parties, graduation ceremonies and a ton of other celebrations do happen and people will pay good money for a high quality video.
Even if you don’t know how to edit videos, you can always get some free tutorials on YouTube on video editing. This business doesn’t require a huge capital to start. With a professional camera, lighting and a laptop, one is ready to set up a videography business.
8. Farming
Agriculture farming is one of the most profitable business in Ghana and over time, we see the youth gradually making a shift to that area. As population of the nation increases, together with the world population, there is always an increase in the demand for food.
With the government’s decision to ban the importation of rice, vegetables and other none essential items, as at November 2022, there is a huge opportunity awaiting those who would venture into the farming business.
9. Transport Business
People move around every day for various reasons and purposes. Not every person will ever be able to own a vehicle for daily commuting and this makes the transport business a lucrative one. In addition to the public transport business (troski) and the regular taxis, one can take advantage of the electronic taxi hailing services like Uber, Bolt and Yango.
If you do not want to drive the car yourself, you can hire a good driver to do the job. There are a couple of contractual agreements between you and the driver. You can go with the sales option or the work-and-pay option.
10. Mini importation business
Items such as clothing, electronics and beauty products sell fast in Ghana and you can start a mini importation business by selecting a few quantities to start with. You can buy cheap products from Asian countries (mainly China) and sell for profit here in Ghana.
Make sure that before you do, you research on the hot selling items. E-commerce websites like Ali Express, Amazon, and others are some good places to start.
Tags: Careers & Training, Business
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