Top 5 Small Businesses To Start In 2024
Top 5 Small Businesses To Start In 2024. South Africa is a country that has a high unemployment rate. A lot of people, especially young people find themselves unemployed and tend to depend on the government to provide employment. It is very important that they become less dependent on the government and start their own small business that will not only provide an income but will also improve one’s business skills. These are some of the small businesses that one can start if they are unemployed or if they want to make extra income.
Car Wash – A car wash is a very popular business that has a lot of potential to grow and become sustainable when done correctly. This business does not require a lot of capital as only a few tools and resources are needed in order to get started. This business does not require one to have high level of education, therefore anyone can start this business in 2024.
Spaza Shop – Spaza shops are very popular in the townships, these shops provide conveience to community members as they do not have to travel far in order to get the things they need such as groceries. This business idea can be very hard to start and sustain as there is a lot of competition already in the space, this provides people an opportunity to be innovative and come up with solutions that will make this type of small business viable.
Thrift Shop – Opening up a thrift shop in the township can be a very lucrative business venture as there is a lot of demand for trendy affordable clothing, especially among the youth. Starting a thrift shop that caters to the youth can be successful as most young people do not have the money to buy clothes directly from the shops, therefore they can thrift their clothes and still be fashionable.
Barber Shop – This is a small business that can become a great asset as it can provide consistent extra income. Young unemployed people can simply take an initiative to learn the skill of being a barber and actually start their own business in their backyard or local area as this business doesn’t require a lot of capital to get started. Being a good affordable barber in a community will bring a lot of customers as people are looking to support local business owners, as they would like to see their community improve.
Coffee Shop – This is a small business that can be lucrative when done right. Unempoled youth can start this business immediately as it does not require a lot of capital. People just have to identify an area where they think people would buy coffee and provide it to them. While serving coffee they can also add fatcakes (Amagwinya) to their product list as they are a very popular breakfast, lunch or snack. This will make a township coffee shop very unique as it providing something different from its competition.
These small businesses will not only bring an extra income but they can be built into large businesses over a certain amount of time. These small businesses are for people who are interested in starting something that will bring them extra income and skills over time. Business skills that can be learnt from starring a small business such as time management, communication skills, financial management and negotiation can be very useful not only in the business in but in other areas of life, that way people can become holistic entrepreneurs that are able to identify a problem or need and have the skills to provide a lucrative solution. With the unemployment rate not slowing down, more and more people have given up hope but taking matters into your hands and starting a small business in 2024 can be beneficial in the long run.
