Entries by Hussein Boffu

If You Expand Your Business By Starting a Petrol Station in Tanzania, How Much More Money Could You Make?

Have you ever considered increasing your revenue by expanding into the petrol station business? In recent years, the petrol station industry in Tanzania has been dominated by three major multinational companies. However, the latest market study by Kalibrate has shown that the market is starting to shift. A number of strong, smaller investors and local […]

Smart Entrepreneurs Navigate With a Business Plan

If you search online, you’ll find lots of articles talking about whether business planning is good or bad. Some people say everyone starting a business needs a plan, while others say planning is a waste of time, including a few seasoned business  owners who matter-of-factly claim they’ve never had a business plan This can be […]

TO WRITE BUSINESS PLAN OR NOT: IS THAT REALLY THE QUESTION?

After supporting many people through the intricacies of business planning, We are struck by the gap between what business planning entails and how people perceive it. Time and again, we see smart people going to great lengths to avoid business planning, even though it’s precisely what they need to navigate business complexities. Whether they admit […]

Four Hidden Costs of Petrol Station Projects in Tanzania: Ensure Effective Budgeting to Avoid Surprises

Building a petrol station in Tanzania involves a multitude of costs, ranging from the visible ones like office buildings, fuel pumps, storage tanks, concrete paving, and canopies, to the less apparent expenses that often catch investors by surprise. In this article, we’ll explore five hidden costs to help you craft a robust budget and steer […]

If You Find a Location With High Profit Potential to Expand and Grow Your Petrol Station Business,How Much More Money Could You Make?

tDo you know the main reason that contributes to 80% of the success or failure of a petrol station business? It’s the location. Why is location crucial for petrol station success? Because a petrol station’s success depends on volume, not margin. Choose a good location, and you will experience high sales volumes. Choose the wrong […]

Raising Money( Fund/Capital) For Your Business.

To get the project off the ground, you need investors; you may need financial investors, and they take monetary risks. If the business fails, they will lose their money, and you will have to start over again. So, bear the risk factor in mind. Their money will get your business off the ground and give […]

Five Ways to Leverage Petrol Station Opportunities In Tanzania For Growth and Success.

In recent years, the petrol station industry in Tanzania has been largely controlled by three multinational energy companies. However, there’s a shift happening now, with smaller investors and entrepreneurs gearing up for aggressive expansion by building new petrol stations. With the growing number of roads and economic activities like transportation, the demand for fuel is […]

You Business Need Funds? You Need a Business Plan.

So, you’ve got this amazing idea for a new business. You’ve done your homework, and everyone you’ve talked to thinks it’s a winner. But let’s face it, talk is cheap. What you really need is money to turn that idea into reality. But where do you get the cash? Your bank account isn’t exactly overflowing, […]