The Only Thing Most Needed to Start Petrol Stations in Tanzania.

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If skillfully managed, petrol stations can produce impressive results for investors and entrepreneurs who aim to diversify in order to have another income stream.

But what is most needed to start, survive and be good in a petrol station business?

A simple talk with experts will tell you, you need capital, and more. Money are essential. But capital without clear path to profitability can lead to struggling petrol station business. Capital  can not turn failing petrol station business into strong business.

Information is the only thing you need to start and stay in the petrol station business.

Information is a lot more worth than money itself. One will not stay in petrol station business very long without information.

Only after you have information about the market size, customers, strengths, and weaknesses of your nearby competitors, regulatory requirements, pricing structures and even  growth trends will you be able to correct actions that may hurt you or your business.

Only well-informed investors with great ideas will survive in this competitive petrol station business.

Hussein Boffu runs a consultancy helping elite entrepreneurs reach their goals through actionable business planning. Contact him via email at hussein.boffu@tanzanapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.