Energy Sector Opportunities in Tanzania and Africa and What You Need to Do Next?

The growing population and increasing demand for energy present opportunities for entrepreneurs and companies who want to seize opportunities in rapidly emerging markets.

The opportunities range from petrol station investments, LPG to lubricants sales.

But where do you start? What do you need to do next?

The more you plan based on reality, deal with analysis and facts, and challenge your very assumption, the more you increase your business or company’s likelihood of success. Here are modern tools used in business world for forecasting and help you decide what to do next.

1.SWOT Analysis: Identify the objective of the business venture as well as internal and external factors that help or hinder the achievement of the goals, Things as regulations framework and understanding foreseeable demand and supply within the industry. Also, understanding market share, annual growth rate, and monthly/annual metrics. And players in the market. This encompasses their standing, market strategies, strengths, and potential areas for growth.

2.Cost Benefit Analysis: This will provide the costs of the projects and their breakdowns, including labor expenses, utilities, profit margin, land size, equipment costs, etc. This analysis will help you budget accordingly and present wise investments to partners or use as support f

or and evidence of the soundness of your decisions when you seek capital from banks or investors,

3.Develop Business Plan: The analysis in the business plan is designed to focus on how you will meet your business objectives.

Details such as products, services or services a business will sell and how sales, marketing, and staffing, give you a clear strategic road map as well as valuable tools for communicating with possible banks and investors.

I hope this helps.