Top 10 Profitable Small Business ideas in Tanzania
Although Tanzania, an African country, has registered some success in surmounting the problem of utter poverty from the year 1986 when the government pushed the green button for the private sector but it still has to strive hard for the welfare of its people.
Here, we’ve have highlighted 10 best small business opportunities across agriculture, manufacturing, healthcare and many other sectors that are open for entrepreneurial consideration within the borders of Tanzania:
Even today, Tanzania’ economy is heavily dependent on agriculture, with 24.5 % contribution towards GDP, 85% export. Therefore, people with the aspiration of steering their careers in the agriculture sector might pursue various agriculture-related opportunities like maize, sorghum, millet, rice, wheat, cassava, sisal cultivation in Tanzania.
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 lucrative 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 in 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 a great value in a kids school life. Hence you might also think about starting a stationary retail business in Tanzania today.
9. Event planner
Planning modern day events is not a baby task anymore. Events today are more complex than ever. They demand attention in detail and that is exactly what has triggered the high demand for event planners. So, if have the skills to organize large parties, corporate events, reunions, gatherings, weddings, etc, then consider pursuing an event planning career.
10. Wedding Planner
Just like any other event, managing today’s wedding event is also something that requires meticulous planning and attention to detail. Therefore, if you possess skills which could help people get rid of worry about their wedding events, then think about becoming a wedding planner.