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How To Invest In Oil And Gas As A Small Player - Investment - Nairaland

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How To Invest In Oil And Gas As A Small Player by probrand: 11:56pm On Dec 29, 2015
The demand for petroleum products will constantly be on the increase due to the larger volumes of consumption by the mega manufacturing industries, banks, eateries, government, & private housing estate, shopping complexes, schools, homes and care.

How to start and succeed in oil and gas business

1. Vision: the first thing you need to succeed in life and business is not money but vision. This means you have a clear mental picture of what you want your oil business to look like. For instance, if you have plans to become like one of the giants in the oil and gas industry, one thing you must know is that Rome was not built in a day.

The giant companies, like capital oil and gas, Zenon, started very small but today they are major forces to be reckoned within the industry. The most important thing is to have a vision of where you are going to and how to take calculated steps to get there.

2. Planning: this is the process of establishing one’s goal and suitable course of action of achieving those goals. You can only succeed with quality planning, without planning business success becomes a mirage. Planning helps you to determine the following:

How: planning determines how you should go about your business operation. The “how” is what defines your method of services or operation to satisfying your clients. It also determines your system of packaging that will make your business run smoothly with the last tension.

The first major step in planning is the selection of goals for business. Once goals are determined, the next step is to organize methods for achieving those goals in a systematic manner.

Planning essentially produces a picture of desirable future for your business. The worst thing that can happen to anyone is jumping into business ventures without proper planning and paper planning.

Planning helps us to develop a great level of mental and physical tenderness which is expressed in an inner peace from the knowledge that we are putting forth our best efforts.

Where: This means the most suitable location for your oil business to thrive. For instance, if you start your oil business in a place with less traffic of people you will definitely do the buying yourself or in an area where people don’t reside. Choosing the right location in your oil business it will guarantee a remarkable success for you.

When: Here, we are talking about timing. Every business success is determined by the proper usage of time. If you rise up early to start selling product you will be having advantage of dealing with those customers that are early workers who will be patronizing you, that means exchanging good cash for your products. So, timing is very important. There are also certain seasons when the prices of products rises and falls at such times wisdom demands that you flow with a competitive market price.

Whom: Working with the right people is a great factor for success in your business. You must determine who should work with you by putting down certain measures that will prove their integrity and honesty. Working with the wrong type of people is the beginning of failure in business. You must employ basic physiological principles or test to identify the right team.


There are different temperaments that determine or define true personality of individuals. For simple analysis, let consider three types of person.

1. The yesterday people: These are the people that are concerned about your past and never seeing any bright future for you. They tend to limit and under estimate your ability to succeed. Watch out for these types of people who only celebrate the past. Past success is an upgraded failure in the present. Ignore them; keep moving forward to achieving all your dreams. Don’t look back.

2. The today people: These are the people who speak positively things to you. They motivate you to succeed. They also believe in your ability and see bright future for you. They are also very particular about your plans and tend to advice you in the right direction. However, they could give positive criticism for possible corrections. These are the kinds of people you need in your team in order to succeed in your endeavors.

3. The tomorrow people: This group is further divided into two groups. The positive tomorrow people and the negative tomorrow people. The positive tomorrow people are always celebrating your success of yesterday, today and for the future. They speak positive things into your future because they believe in you and in your ability to perform and succeed.

There are the types of people you also need in your team. They are very supportive and co-operative. While the negative tomorrow people tend to speak negative things concerning your dreams and on their own part they live on procrastination never achieving anything worthwhile. Avoid these of people as much as possible.

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http://www.promarketingbrand.com/2015/12/how-to-invest-in-oil-and-gas-as-small.html

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