Wondering how to start an oil and gas company? We take you step-by-step from start to success.
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Tips for Creating a Great Oil & Gas Company Business Plan
A business plan is the skeletal framework for your oil and gas company's mission, goals and strategic vision.
In contemporary business culture, business plans are also litmus tests used by external interests to assess real world viability and marketability.
Early in the process, it's worth your time to learn how to write the market analysis section of a business plan. As you prepare the market analysis section, be careful to rely on substantiated market research rather than your hopes for your oil and gas company.
Look Over the Competition
Well in advance of opening an oil and gas company in your area, it's a smart move to see how strong the competition is. We've provided the link below to help you generate a list of competitors nearby. Just enter your city, state and zip code to get a list of oil and gas companies in your community.
Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.
Learning More About the Industry
Once you've finished assessing the competion, it's essential that you talk to somebody who is already in the business. If you think owners of nearby oil and gas companies will give you advice, think again. It'd be crazy for them to teach you the business.
But, a person who owns an oil and gas company on the other side of the country will be much more likely to talk with you, after they realize you reside far away from them and won't be stealing their local customers. In that case, the business owner may be more than happy to discuss the industry with you. If you are persistent, you can find a business mentor who is willing to help you out.
How would you find an oil and gas company manager on the other side of the country to talk to?
Easy. Find them using our link below and start calling until you are successful.
Getting Started in Oil & Gas Company Ownership
Would-be oil and gas company business owners can either launch a new business or acquire an existing operation.
Startup oil and gas companies can be attractive because they allow the entrepreneur to have more control and greater influence. Yet startups are also more difficult to finance because their nature is inherently risky.
Acquired oil and gas companies are known quantities - and are less risky for lenders. On the whole, buying a business minimizes uncertainty as well as many of the objections lenders use to disqualify startup entrepreneurs from financing.
Don't Rule Out Franchising
Your odds of doing well in business are substantially improved if you become a franchisee rather than going it alone.
If you planning on starting an oil and gas company, you would be wise to assess whether purchasing a franchise might be the right move for you.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding starting a business may be of interest to you.
If you already are in business and came here to learn about growing an existing oil and gas company, these resources will come in handy:
If you sell to oil and gas companies, you're in the wrong place. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.