Four Things to Think About Before Starting Your Best Petrol Station Next Year.

You’ve had these ideas for years with not much progress.

But it’s something that keeps you up at night.

For you, running a petrol station and maybe having many across the country isn’t just about vehicles making more money; it’s your lifelong dream.

You’ve seen the cities grow. More vehicles and generators are used, increasing the need for petrol and diesel.

There are also new projects for better roads, transportation, and more farming.

If you look around your neighborhood, other hustlers (like entrepreneurs and companies) run their best petrol stations.

Maybe you want to build a petrol station business you’re proud of.

You want to make a change in your life, family, community, and the whole country.

You imagine a day when you proudly tell your friends, colleagues, and family that after months of hard work, your new petrol station is now serving people.

You imagine a day walking at your gas station and seeing lots of drivers getting fuel with a well-trained team providing good service.

Here are four factors to consider:

1. Choosing the Right Location.

I bet you manage other business projects, but you love to build. You have big dreams. People might call you crazy or not understand, but you love being limitless. You want to beat your personal best in business.

For a change-maker like you, you need a petrol station location that will sell a lot of fuel, giving you a high return on investment. Success depends on the location being easy to reach, see, and close to customers.

So, you need to do good research. Check the local need for fuel and competitors. Look at traffic, highways, and cities. Make sure it’s easy for customers to get in and out.

2. Regulations.

I bet you’re a person of integrity. You’ve come far and built good relationships. So, you don’t want to ruin your reputation or pay big fees for not following rules.

Understanding and following all the rules, safety, and standards is crucial for your business’s success.

3. Pumps, Storage Tanks, and Equipment.

Staying still is for ordinary people. You believe in a modern life with the latest things. For a hustler like you, you need fuel pumps and electronic dispensers that keep up.

The brand and quality can affect the price, but it’s worth it for long-term savings.

While it’s tempting to save money, investing in good dispensers can save you money on repairs later.

4. Buying Fuel.

You’re a risk-taker, but you want to take smart risks. Without knowing much about buying fuel, it’s easy to make mistakes. You need a contract with a fuel supplier. Trends change, and there are many suppliers, so don’t agree to wholesale contracts for more than three years at a time.

 

If you love to build and are crazy about reaching your goals. Let’s talk.

Hussein Boffu runs a consultancy provides business planning, financial forecasts, market research reports, expert analysis and consulting for entrepreneurs and business owners. Reach out to him via email at hussein.boffu@tanzaniapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.