Have you ever dreamed of being called an international business person?
Do you desire to be known as serial entrepreneur? Do you have only GH₵500 to start a business? If your answers to the questions above are yes, this article is for you.
Most times, the money required to start small businesses in Ghana is far beyond what average Ghanaian entrepreneurs can afford.
Have you ever conceived a business idea so bright that it was just a matter of getting it started and money will start rolling in, only to see the idea die because there is no money to kick to start the business?
That is what 70 per cent of entrepreneurs in Ghana experience on regular basis. Sometimes, the money available is just not enough to start anything reasonable no matter how hard you would try. Therefore many people find it difficult to figure out a business they can start with a small amount of money to make a reasonable profit.
This post will take burdens off you as I have taken time to come up list of small businesses in Ghana with good Return on Investment (ROI).
Below are some best small businesses in Ghana that any aspiring entrepreneur can start with GH₵500 or less and make substantial profit in no time.
1. Making Liquid Soap
One of most important ingredients in any kitchen is liquid soap. It is needed to clean up dishes and other kitchen utensils. You do not need GH₵500 to commence this business and if you are diligent, you could make a fortune any time.
After manufacturing the soap, you will need a graphic designer and a digital marketer to boost your new brand. sharkshive.com will connect you to both of them at a manageable cost.
2. Second hand shoes
We love quality shoes and bags but not everyone can afford brand new ones. This has led to a sharp increase in the second-hand shoe market. Get a nice place that you can display your goods such as in front of shopping malls and at a place where people commute daily to work.
Go to any fairly used products market, you may go to the border or Kotonou. Select fairly quality used shoes, look for designs that are very fashionable. Sometimes you make profit of GH₵10 for a single sell.
ALSO READ: 5 profitable online businesses you can start with no money
3. Freelance Writing
Many people feel this is farfetched because it requires some writing prowess. It is really not that difficult. Yes, you need to know how to write, but human mind can learn anything as long as you determine to do so.
If you have skill in writing already then all that you need is a laptop, notepad and internet connection. You should also consider signing up as a freelancer on sharkshive.com. Sharks Hive will bring you a lot of clients and also also handle your payment negotiations leaving you with the peace of mind to focus on improving your skills in writing
In less than no time, you could be earning not just in cedis but in dollars, try it today, you probably wouldn’t spend up to GH₵500.
4. Office Supply
As we all can see that there is a lot of people who work in the office, they find it difficult to go out to the market to buy some setting things like wrist watches, shirts, ties and perfume.
Help them to do the shopping and charge moderately, don’t be greedy like other suppliers who buy fake things for GH₵5 Ghana cedi and want to sell it at GH₵10 cedi in the name of office supply.
Some dealers give false information that they bought the things from overseas, just to sell them at an unacceptable price. If you are honest with your business and charge reasonably, you may have a huge supply contract from some of the people you will meet at the offices.
GH₵500 will do good in this type of small-scale business in Ghana and you are going to be glad at the brisk business you will be making.
If you are looking to scale your business at a cheaper cost you will need a graphic designer and a digital marketer to boost your new brand.
ANOTHER READ: An Entrepreneur shares financial management tips that will sustain your business
5. Barbering Salon
This is a very lucratively business. Find a small shop or cubicle at any major school in Ghana. It is equally good in populated areas but most shops are very expensive in town.
Go into an agreement with a barber, if you can’t do the barbering yourself and invest GH₵500 in getting tools and equipment for the shop. You should see money each day, assuming you charge GH₵5 per cut you will be making GH₵50 barbering 10 people.
After starting the barbering salon, you will need a graphic designer and a digital marketer to boost your new brand.
These are some business you can start up with GH₵500 or less in Ghana