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.
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 […]
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 […]
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 […]
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 […]
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 […]
Compressed Natural Gas (CNG) has been gaining attention lately as a cleaner and more affordable alternative to traditional fuels like diesel, petrol, and kerosene. In Tanzania, for instance, government sources report a growing number of vehicles running on CNG, and this trend is expected to continue as CNG becomes more cost-effective compared to petrol and […]
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, […]
An investment proposal isn’t just a roadmap for potential investors; it’s a reflection of your goals, strategies, and growth potential. Why is mastering the art of crafting a compelling proposal crucial? Because a well-structured one can attract top-tier investors, secure solid financial backing, and turn your investment dreams into reality. So, let’s dive in and […]
The success of any business venture, including petrol stations, hinges on profitability. Without profit, sustaining a business becomes challenging. This holds true not only for entrepreneurs but also for investors who prioritize the sustainability of their investments. Therefore, before diving into constructing a petrol station, it’s crucial to evaluate the prospective location thoroughly to mitigate […]
Most entrepreneurs recognize the importance of planning. However, many of them struggle to implement it, mainly because it’s challenging, they fear being held accountable, or they hesitate to hold others accountable. These entrepreneurs often downplay planning’s significance, arguing that since the future is unpredictable, there’s little point in planning for it. While it’s true that […]
Tanzania Petroleum empowers you to proceed with your venture.
Dar es Salaam, Tanzania
+255655376543
info@tanzaniapetroleum.com