The stock market is one of the most well-liked investing possibilities in Kenya. A stockbroker can help you invest in stocks by buying and selling shares on your behalf. This investment has risks, but it has the potential to be successful. You should conduct study before making an investment because the stock market can be unpredictable. As short-term gains are not assured, you need also be ready to hang onto your investments for a long time.
Real estate is an additional investing choice. You have two options with your 50,000 shs: either put it toward a down payment on a house or put it into a real estate investment trust (REIT). Companies that hold and manage rental real estate are known as REITs. A solid method to diversify your portfolio and get consistent income is by investing in a REIT.
You can utilize your 50,000 shillings as starter money if you want to start a business. In Kenya, starting a cafe is a well-liked business venture. You must locate a decent location for your café, buy necessary supplies and equipment, and hire personnel. The government will also require that you obtain the proper licenses and permits. A cafe can be a successful business with the correct planning and execution.
Is a bookstore a retail establishment? Yes, since a bookstore sells goods to customers directly, it is regarded as a retail establishment. How can I start a cafe? You must undertake market research to find a suitable site and a target market before opening a cafe. A business plan, money, and obtaining the required government licenses and permits are also required. You may buy tools and materials, hire workers, and launch your company’s marketing campaign after you have a location and the required licenses.
Who earns the most as an author? James Patterson will earn $86 million in 2020, making him the highest-paid novelist in the world, according to Forbes.