If you want to start your own business in Tanzania, here are the top 8 most successful small business ideas for you to consider. Tanzania, an African country, has seen significant economic growth since 1986 when the then-government approved privatization. Since then, the country has also managed to keep extreme poverty and unemployment at bay to some extent.
There is, however, more to be done for the welfare of its citizens, and entrepreneurs are the people who can ensure that by starting businesses. Here are around ten profitable business ideas for smart people to start their next venture in Tanzania.
Tanzania’s economy is still heavily reliant on agriculture, with agriculture accounting for 24.5 percent of GDP and 85 percent of exports. As a result, people who want to make a career in agriculture may pursue various agriculture-related opportunities in Tanzania, such as maize, sorghum, millet, rice, wheat, cassava, and sisal cultivation.
2. Interior design
If you find yourself scrolling through design ideas on Pinterest at all times of day and night and consider yourself a savvy designer, you might want to consider monetizing the skill!
If you have a sound knowledge and experience in this field, then consider starting an interior design business in your local area in order to bring color, style, and decorum to the houses of those nearby.
3. Wedding planning
If you dream about your ideal wedding in your spare moments, then it might be worth monetizing your talent for planning. The wedding industry in Tanzania is a viable one if you play your cards right!
4. Open a Spa business
Humans aren’t like machines that can work tirelessly! They often need breaks, relaxation and rest in order to perform their work effectively and actually enjoy life. That’s what a spa delivers to them.
Day by day with the importance of spa is growing everywhere as it helps people to relieve stress and toughness out of their tired bodies.
5. Deliver Daycare Service
If you enjoy spending time with young children and think you have a gift for quality childcare, you can get paid for the madness! Daily rates can be very competitive, so this is well worth considering!
6. Open a Grocery Store
If your locality is short of a grocery store, then this could be a great side hustle for you. Especially recommended for keen cooks who can advise their customers accordingly! Everyone has to eat, so tap into this most basic demand with this small business idea!
7. Home Tutoring
Many parents are on the lookout for a personal tutor for their children, in order to provide a safe and effective learning environment. Research shows that on balance, kids with home tutors perform better academically than those without.
Besides the quality education it allows, home tutoring provides parents with childcare which they may have to pay for anyway! But before you sign up to start tutoring, it’s worth checking your own credentials. You’ll need to be educated, assertive and good with young people in order to earn an education.
8. Stationery Products
Pens, pencils, paper, calculators, etc are very important things that need to be available to kids in order for them to be effective in their studies.
Even today, despite the adoption of advanced learning tools, stationery products still have great value in a kid’s school life. Hence you might also think about starting a stationery retail business in Tanzania today.
9. Sell pesticides
There are thousands of farmers in Tanzania who require pesticides to protect their crops from pests. The only concern in starting a pesticides retail business is the investment on the condition you are low in funds. The other requirements you need include a store for stocking and a few labors who could help load pesticides to your client’s place.
10. Farming loans
Tanzanian farmers more often than not face the problem of money paucity. They need money at their disposal when they are in dire need of buying seeds, fertilizers and pesticides. You could lend them financial support while opening a bank that provides farmers small loans on credit.