Mombasa is one of the best places that you can start a business in Kenya. However, a number of businesses that you should not set up in particular areas.
Do research before making your decision to start a particular venture a necessity. You need to know the capital required, estimated profits, legal requirements and above all understand your potential clients.
The following two businesses are likely to fail in Mombasa due to various factors.
1. Pork joint
Understanding your clients includes knowing what their religion demands. Opening a pork joint in Mombasa city will only work if your background check prove beyond reasonable doubt that your target location if not dominated by Muslims. A failure to have tangible facts about this religious issue will make your business to fail or grow sluggishly.
When you read Quran 2:173, this is what you will get, “He has forbidden you only dead animals, and blood, and the swine, and that which is slaughtered as a sacrifice for other than God.”
2. Shylocking
Another potential business failure is shylocking. This venture is likely to fail because of basically legal issues. The investment has the highest return in the money lending circles but the risk is also too high to accept blindly. The County Askaris will be blackmailing you severally and constitutionally informed clients will take you to court at the slightest provocation.