Where to Get Capital For Oil and Gas Business In Tanzania
Are you start up seeking money to start oil and gas business in Tanzania?
Do you want to venture into oil and gas business but you don’t have enough capital. ?
Do you have brilliant oil and gas business idea but you don’t have money to turn your idea into lucrative business in Tanzanian oil and gas industry?
What if I told you there smart ways to get capital and start doing multi-dollar business in Tanzanian oil and gas sector? And it’s all down this
When you think beyond and above there is money to everyone to venture in Tanzanian oil and gas business
The problem?
The best part of us never know the ways to raise our initial capital for oil and gas business.
But Unless you spend time in the right website(Including Tanzaniapetroleum.com) you will never uncover these secrets
Okay let’s face them
Saving that you have from salaries and wages
If you are an employee, in particular, company.
I have three words for you “YOU ARE LUCKY” Guess why? Because it’s pretty simple for you to raise your capital and venture into oil and gas business.
Save small percent of your salary until you reach the amount you comfortable to start oil and gas business.
Don’t make it hard than necessary!
, start small, Save small
Save 10 percent of what you receive each month
Let’s take you have a salary of 500,000 Tsh a month as a case study. When you save 10 % of you will have 50,000 Tsh each month. In a year, you earn
50,0000 *12 = 600,000.
Friends and Family
Family and friends are the best way to raise your capital. Why ? because they trust you, they know your abilities and goals.And then is pretty simple to help raise money for oil and gas business
Form partnership
To have great ideas is not all takes to run successful oil and gas business.Why? Because oil and gas business need resources and capital.
But if you find a partner to pool money and resources into your business ideas, you will run successful oil and gas business.
And good news about the partnership is you share risk as well as profit.
Also Read: How to start Oil and gas business in Tanzania with zero capital
Investors
Who is the investor? The investor is anyone from individuals to private organizations who invest money in the business to gain interest.
Lots people outside there have free money and they keen to invest on people with great business ideas.
However, they will never invest on you unless you give them detailed information on what exactly is your business
Before you approach investor for capital you should be able to answer the following questions
1.What makes you business unique from others in oil and gas industry
2.What will make it successful
3. How much he will invest on you and how much he will get back
Thing to remember
Investors always want to be confident that what he invest could end up with a great return.
Sell assets
If you’re seeking money to start oil and gas business considering selling assets.
Some people own assets that they can survive without.Do you own extra cars? Consider to sell some of them and start oil and gas business
The worst part?
Selling assets seem to be weakening most of us? You know the reasons? It’s because we have an emotional attachment to them.However is the smart way to raise capital as we use the as security for bank
Grants and loans
Most international agency and government agency provide loans and grants to small biz or sturt up.
You know why they always help small start-ups? Because small biz and entrepreneurs are the ones who increase employment opportunities in the country.introduce new technology in the country that lead economic growth.
Still capital Hold you back to start a business in Tanzanian oil and gas business?
You already realize some ways to raise money to start oil and gas business
You don’t have excuse to start doing business in Tanzanian oil and gas industry
Use at least one of them to raise capital
