“The receipt of the 770 Rigs is another step to scaling our mining operations,” Patrick Gray, CEO of HashChain said in the release. This step will help you avoid some bottle-necks and mistakes; and invariably increase your chances of success. Running a gas station is management intensive, so you will need extra hands to cover positions such as pump attendants and a manager. There is no definite amount for starting this business as the cost may vary due to factors such as location, size of station, number of fuel pumps, type of extra services offered. A gas station business requires a huge amount of money for its establishment. Investing your money wisely with an expectation of a return is a requirement to succeed. Now I actually don’t mind investing in them. Now if you lack the financial muscle or capacity to venture into oil exploration, you can still tap into the wealth by setting up an equipment leasing company specifically to serve the petroleum sector.

They will be responsible for hauling products for you from the depots and ensuring you have a steady supply of petroleum products. In fact, it is probably one of the most vital sectors of the economy because every other industry is dependent on its output; which are petroleum products. The oil and gas industry is one of the biggest and lucrative industries. A home based business with which you can easily succeed is one where you can get some support. It is no different and no less important than earning a living, maintaining a house, or protecting the things you’ve worked hard to get. Now using Nigeria as a reference point and case study, there are about five regulatory bodies you may have to deal with in the quest to obtain your license, commence full operation and get regular supplies. On the left side of the quadrant, you have to work to get paid.

], I am not going to change a forecast, beyond what I have already done, based on the dataflow to date or the promise of some grand reorientation of trade. So the demand for petroleum products is not going anywhere in the nearest future because it will take decades before the concept of renewable energy will fully be accepted. That is going to give you what you need to appreciate superior experience. Our transaction experience spans across several sectors including banking, insurance, real estate, manufacturing, telecommunications, oil or better still, you can talk to an already established gas station owner or you can contact me (see contact details below). I advice you seek the services of a lawyer or attorney. You don’t also need to be rich to be an oil merchant, as there are several lucrative low startup capital services within the oil and gas industry. The reason I said this is because the petroleum industry is strictly regulated, filled with lots of bureaucratic processes, very capital intensive and risky. Petroleum products sell themselves, so there’s little need for marketingIncome / revenue is almost certain because petroleum products are a daily need for vehicle owners, industrialists and families.

Petroleum products are commodities, thus making them quite difficult to brand. If you have trucks or tankers, then you can go sourcing for the products yourself but if you are just starting out, then you need to strike a deal or contract with truck owners or fuel distributors / suppliers. How much time do you have? This can bring in much income, as hungry drivers will appreciate buying a quick snack on the road. A business plan is very important because it is the only document that can prove to investors and your bankers that you have done your homework. Some of the blogs which have inspired me are paullow investment journey, a pen quotes and thumbtack investor. A properly diversified portfolio will adhere to all components of an asset allocation, considering risk tolerance, investment capital available, investment time frame and the current portfolio’s investment class weightings.2. It is a tangible investment and asset.