Quote from: knowngunman on Today at 09:47:40 AM

Quote from: Patrol69 on November 08, 2023, 04:02:49 AM

The business idea you have given may be fine but I can give you a new business idea. If you are financially sound then you can start a filling station business. I have seen many people I know succeed in this business. As the price of fuel increases, people will need it and no matter how many filling stations there are in your area, you will have customers at every filling station, so if a company wants to employ you as a dealer, you can take this business.

I have this kind of business plan from long time but I don't have enough money that's why I can't start this business. I will definitely start a filling station business when I have enough money to do this business.

I just gave you this business idea considering the context of your country if you think this business can bring you profit then you can do this business.

Are you joking here? How easy and cost do you think it is to start up this business? Let me do small work here for you. Starting a fuelling station can be a complex and time consuming process and in fact the process can take several months or even years depending on how buoyant you are financially. This is never an average person business especially in the country the Op is residing. Remember that fuelling station is not just ordinary business and you'll need to do some market research to determine if there's a need for a new station in the proposed area. You'll also need to create a business plan and secure financing. Then, you'll need to purchase the land, get the necessary permits and licenses, and start construction. It's a very costly and expensive business to think of as struggling person. The costs include the cost of the land, the cost of the pumps and tanks, the cost of permits and licenses, and the cost of insurance. We are talking about small scale businesses here.

I agree, the fuelling station business is not considered a small business and it is really not as simple as what Patrol69 said, it is more complicated and bigger than the peanut oil business as OP mentioned. Furthermore, both are not new business ideas, both fields already exist in every country and there are many people doing business. When talking about business, we should not assume that one area will be profitable and another will not. The important thing is what the demand is in the area where you want to do business, so you need to survey to know what their needs are before starting your business.