Mobile money business plan pdf

Do you have funds to start a business? Are you looking for some ideas to start a new business?

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Do you like to go places and make money through selling services or a product? Here is a list of mobile business which you can consider and invest. Car boot sale is considered to be a way of earning extra income while de-cluttering a home. There are several things to be considered when it comes to selling all stuffs successfully.

This could give a huge amount of income in return. Starting a Green Transportation Business Starting a green transportation business necessitates not only the capability of surviving and growing in an industry with great competition, but for doing so while maintaining a commitment to the environment. How to Start Your Own Semi Truck Business Running your own semi truck business can be a lucrative endeavor especially if you're the sole proprietor of your business with no other employees.

Commercial drivers are given the opportunity to enjoy the freedom of life while traveling and taking all the sites that the country has to offer. You'll also benefit from not having a boss. One of these businesses is a straight truck business. This business is now one of the most commonly preferred businesses and it gets the interest of most people who plan to start a new business.

How to Start a Log Truck Business Starting a log truck business is fairly similar to other startups, but a bit tougher with the vehicles you need to complement the business. In this case, looking at the ideas on how to start a log truck business must be a great help. How to Start a Concession Truck Business Establishing your own concession truck business can be a successful and rewarding venture. This business is a mobile type and can be set-up anywhere. Since it has numerous types and styles of trailers, you have several options to choose from.

Start an Event Decorating Business Are you the type of person who has a keen eye for details? Then the right business for you is event decoration because this will reflect your creativity and being organized in everything. However, every business man should consider a lot of factors before starting.

Breathalyzer Vending Machine Business Breathalyzer vending machine business is one of the best businesses penetrating the night clubs. As a matter of fact, there are more and more people who are thinking of engaging in this kind of venture. Energy Vending Business A lucrative vending machine venture can be excellent method of income for anyone who wants to have a business but with little cash to invest.

The main business model of vending machine is convenient and can be run easily without too much effort. It is actually a great means to earn money. How to Advertise a Catering Business Catering business is one of the most promising businesses nowadays.

There are so many events that are organized. Because of this, the marketability of this kind of venture is still the best. There are so many products being offered in the street offering people with instant access to the things that they need. On the other note, there are some street vendor business pros and cons present. Snack Vending Machine Business There are so many tips to start a snack vending machine business. This venture is a very promising one which will not require you to have too much supervising necessities.Limited time offer; subject to change.

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mobile money business plan pdf

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Business customers on qualifying plans can get an extra 10GB of smartphone mobile hotspot data for the next two months free of charge. Stay updated on current store hours and closures. See the latest news. The network your business needs with the plans you want. The only nationwide 5G network is here. Choose the right plan to meet your needs. Explore deals and solutions to help transform your business.

Help your team stay productive with great offers on devices. Shop now. Stop paying to get paid.Agent networks for mobile money are a new form of financial distribution, but the dynamics behind the build out and support of distribution channels are not new. Nor does the process begin with the agents. In order to ensure that the distribution channel works, other important factors related to customer value propositions, product decisions, and marketing also need to be considered.

Much has been written about the processes used to build distribution channels for a range of manufacturing companies from Coca-Cola to IBM. This tool describes the 12 steps that are part of the best practices for distribution channels. This 1 material has been adapted from a number of sources. Work with the regulators as early as possible MTN Uganda started building their agent network while they were still waiting for approval from the Central Bank.

Attempt to obtain a letter of non-objection for pilot activities, particularly in those countries where regulations are open but unclear.

Mobile Money in Nigeria: How to Get Started

Consider other MNOs, MFSPs, and banks that have either already entered the market with financial services or that are likely to enter the market. The speed at which mobile money is moving suggests that even though the market may be wide open today, the situation is likely to change in very short oder.

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Consider alternative financial service providers, such as foreign exchange offices, Post Offices, and international remitters iii. Remember that CASH is competition. Until mobile money is easier, more accessible, and safer than cash, changing customers behavior will be difficult. Determine the best ways to push money into the hands of your customers. In the Philippines, microfinance customers were not hooked on the mobile money until loans were disbursed through mobile phones.

In India, FINO, built a POS infrastructure that say a dramatic uptake when government subsidies where distributed through accounts linked to that infrastructure. American Management Association. Salaries, government subsidies, corporate subsidies as with mining and lumber in the Pacificand supply chain can all be mechanisms for driving adoption of mobile money.

Before setting up an agent network, know the customer who they are, their needs, wants, and desires. Every intelligent channel strategy should begin with customer segmentation and market analysis. Seek the anchor product in the market and for target customers. Identify the need and pain points that the product will fill. Do not assume that money transfer is the solution for a particular market just because it has worked elsewhere.

Understand that product simplicity at market entry is a success factor. M-PESA entered the Kenyan market with one service money transfer and very simply messaging around that product.

CelPay started with low hanging fruit, ie business-to-business B2B helping companies with large distribution networks manage their cash. Based on research in Papua New Guinea and other countries in the Pacific, the anchor product appears to be savings and the ability to remove cash from the system because cash leads to violence, especially in the weeks before school fees are due.

Assess what the customer is going to require from the MFSP, from the agents in the network, and regarding support. Determine out how much it costs them now to obtain financial services and how much they would need to save through a new service to change their current behavior. Determine the roles and responsibilities of the master agents and of retail agents.

Combine roles and responsibilities with customer satisfaction requirements to determine the most important agent selection criteria. Refer to Part 7 of this Toolkit for additional information on agent selection criteria, including the criteria most commonly found in mobile money implementations and specific examples of criteria from several other mobile money businesses ii.

Rank the criteria that are most important, being sure to keep considerations for master agents and retail agents separate. Develop an Agent Scoring Tool and Application Forms to assist in rating and comparing agents in the field.Are you about starting a money transfer agency? Okay, so we have considered all the requirements for starting a money transfer agency.

Have you ever dreamt of becoming your own boss? Did you per chance study Banking and Finance, Accountancy or any related course and are finding it difficult to get your ideal job? One of the business opportunities that you can leverage on is to start a money transfer agency business. Although you would need ample experience with good track record to be able to attract well — paying clients, but that does not stop you from still making headway in this line of business.

The truth is that the business has pretty low entry capital and you can start the business from your home, shared offices space or from a kiosk with one or two staff members. You can be sure that your services would always be in demand by people who want to send money to other parts of the world especially migrants who want to send money back home.

If you are interested in starting a money transfer agency, then you should be ready to conduct thorough feasibility studies and market survey before committing your money and other resources to it. Aside from a thorough and detailed feasibility studies and market survey, one of the important documents that will aid the success of the business is a good and workable business plan.

Below is a sample money transfer business plan template that can help you to successfully write your own. The money transfer industry comprises of firms that act as third-party agents that facilitate money transfers and payments among parties in different locations. Please note that this industry does not include organizations that are involved in bank wire services and card-based services.

This growth is largely due to the increasing globalization and rising mobility of labor. Industry revenue is closely linked to the number of overseas workers employed in the United States, with many sending money back to their respective countries to support their families.

The resilience of the US economy relative to other developed economies and its skill shortages make the US an attractive place for overseas workers to seek employment.

As a result, industry revenue is expected to increase at an annualized 7.

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Industry revenue is anticipated to grow by 3. The Money Transfer industry is indeed a thriving industry and pretty much active in all parts of the world and the industry is responsible for employing several people. The Money Transfer industry is in the growth phase of its life cycle.

This represents an outperformance compared with real GDP, which is projected to grow at an annualized 2. This outperformance is a key characteristic of an industry in the growth phase of its economic life cycle. Increasing labor mobility and globalization will underpin demand for money transfer services over the next five years. Any aspiring entrepreneur or investor that is considering starting this type of business whether on a small scale or in a large scale should ensure that he or she conducts thorough market survey and feasibility studies so as to get it right.

The truth is that, this type of business does pretty well when it is strategically positioned. Over and above, the money transfer business is profitable and it is open for any aspiring entrepreneur to come into the industry; you can choose to start on a small scale in one or two public facilities and operate on a local and national level.

If you have the capital and business exposure, then you can choose to start on a large scale with several outlets in key cities.

We have been able to secure all the required documentation and a standard office facility that is highly suitable for the kind of business we are into. Our head office is situated in Los Angeles — California and we hope to sometime in the nearest future have branches scattered all across major cities in the United States of America. Our business goal is to become one of the leading money transfer agencies in Los Angeles — California and we will make sure that every service we handle competes favorably with the best in the industry in terms of time.

We are aware that there are several money transfer agencies all around Los Angeles — California which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to position our business in strategic locations in Los Angeles — California.

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Much more than prompt money transfer, our customer care is going to be second to none in the whole of Los Angeles — California. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they patronize our services.

Jude Adamson is a graduate of Business Administration and has extensive experience working with one of the leading global money transfer agencies in the United States of America. We are going to do all that is permitted by the laws in the United States of America to achieve our business goals. Our vision is to build a money transfer agency that will have active presence all over the United States of America and the globe. Our mission is to establish a standard money transfer agency that will make available a wide range of services in the money transfer industry at affordable prices to residents of Los Angeles — California, and other locations in the United States of America where we intend operating from.Starting a money lending business does not have to be an impossible idea.

You will discover that my claims are not fraudulent if you can take your time to read through this post. Most commercial banks make money in two major ways. They also lend money to investors using funds that you deposit with them through cash, check deposit or electronic money transfer.

mobile money business plan pdf

The truth is most of these functions are too technical for your own money lending business. The good news is many lending business ideas would be able to receive cash and give out advance money and will duly be registered. Here is how to open a small money lending business. It is difficult to start your own money lending business that caters to the whole country considering your current resources.

This is the reason you should think about localization. You will later need an official base where new and existing clients can come to get their issues sorted out. The place must be conspicuous, accessible and presentable.

Good affordable furniture and a PC with the necessary money lending business software installed are important too. You will need to get your business register and secure the appropriate license. The requirement for lending out funds are country-specific but are generally lesser than those for establishing commercial and micro-finance banks.

Small salary earners, petty investors, market women, and artisans are a good market to generate a client base for your money lending business.

Micro Money Lending Firm Business Plan Sample

Although there is no shortage of customers for the money lending business, you cannot take on everybody. This is due to what is called credit appraisal. To protect your money, enable daily and the weekly loan repayment and these people have a high tendency to become less aware of their obligations after receiving the loan. Studying trends of operations and advertising in micro-finance banks and using it to develop marketing strategies for money lending business is recommended.

As your money-lending business expands its capital base, you would need to employ more people to do the footwork. If you want to start with say 90k, loan out 20k to each client. That is like 4 clients already. No business ever does that.

Call it whatever you like. If you are reading this, then I will agree that you are interested in starting the money lending business. So many have gone into this business and have greatly improved their status and their lifestyle, and in a very large way, they have helped those making use of their services.

The way humans look at the idea differs, some see it as a good option, while others see it as something bad. Either way, only those who have once tried it can agree that the money lending business is a very good one. The reward of starting a money lending business is unimaginable, your interest will keep growing and you will always have people who need your services, some will pay back before the expected day, still, you will get your complete interest.

In this article, we are going to provide you with a guide that will help you in your endeavor to write your award-winning money lending business proposal sample which will help you get reasonable and willing investors to back your business up. Here are the essential subheadings that must be included in your business plan to make it an award-winning and complete business plan.

Let us now discuss in detail how you can develop each of these points to get a unique business plan. The introductory part of the business plan is the part where you will be writing about the entire shape of the local and international money lending business, in this part, you need to provide a brief history of the money lending industry. In this section of your money lending business plan, you will need to provide brief information about the company and the people setting it up.

In this section too, you will need to provide the vision of the company as this helps your investors to see if there are plans for the future or not.

Your business mission will also be discussed in this section as this very important if you will get reasonable investors for your business. Your business structure is also very important and as such it will be discussed in this part.

Your structure will go a long way in defining your future so you must develop this very well. Your strength might involve the latest technology that will help you run a secure money lending business; your threats might be the effect of economic instability or late payment on the part of the borrowers.Are you about starting a hair and beauty salon business? Mobile hair salon business eliminates the need for a physical business location, therefore limiting start-up costs considerably.

An aspiring entrepreneur can successfully start a mobile hair salon business with inexpensive supplies and tools and grow as needs arise. The downside includes not being able to work outdoors in inclement weather and the limitations of having to travel with all necessary tools and supplies, including large quantities of water.

The Hair Salon industry of which mobile hair salon belongs to includes salons that primarily offer hair care services such as haircutting, hair coloring and hairstyling services.

Additionally, most hair salon usually provide other related services such as manicure and pedicure, facials and makeup applications except permanent makeup and retail beauty products. The Hair Salon industry has managed to untie its early post recessionary knots. No doubt, the positive change in consumer sentiment and per capita disposable income have boosted the industry growth and revenue in recent years. This has also led to increased demand for ancillary services to standard haircuts, such as hair modification treatments e.

Going forward, the industry is forecast to exhibit more steady growth. Per capita disposable income and consumer confidence will keep rising as the unemployment rate continues to decline, providing consumers with more discretionary income for luxury services at hair salons or mobile hair salon.

The Hair Salons industry of which mobile hair salon business belongs to is indeed a growing industry and pretty much thriving in all the parts of the world especially in developed countries such as United States of America, Canada, United Kingdom, Germany, Australia and Italy et al.

As a matter of fact, there are no companies with a leading market share in the industry. In recent time, the Hair Salons industry has been busy with cosmetic improvements over the last five years. With consumer confidence rising, the period of economic recovery has consumers returning to hair salons for such discretionary services.

Consequently, the revenue generated in the industry is projected to increase at an average annual rate of 1. Over and above, mobile salon businesses all over the world are still enjoying good patronage particularly if they are well positioned and if they know how to reach out to their target market.

Black Box Business Plans

Although our core business is mobile hair salon, we will secure a small office facility hair salon in a densely populated business district in the heart of Atlanta — Georgia, U. We are strategically positioned in between a residential center and an industrial hub and we are set to services the whole of the community both corporate clients and individual clients alike.

mobile money business plan pdf

Our basic service offering to our highly esteemed customers as a mobile hair salon company will revolve around haircutting services, hair coloring services, other hair services, resale of merchandise and cosmetic products, skin care services, manicure and pedicure services, massage services, providing hairstyling services, providing temporary makeup services, providing facials and skin care services and other complimentary services et al.

Our intention of starting a mobile hair salon business is to offer only the above stated services, but we will not close our doors to diversification additional services as long as it does not affect our core services. In the bid to maximize our position as the leading mobile hair salon company in Atlanta — Georgia. We are quite optimistic that our values and quality of service offering will help us drive our mobile hair salon business to enviable heights and also help us attract the numbers of clients that will make the business highly profitable.

We are a company that will be dedicated to establishing good business relationship with our clients giving them value for their money and reasons for them to hire our services over and over again. We are quite aware that in order to become the number one choice in our city, we must continue to deliver quality and affordable services and that is exactly what we will do.

We are open to the use of latest technology in the Hair Salons industry. No doubt our excellent customer service, honesty and the range of services we offer will position us to always welcome repeated customers. Nora Bash Edwards and her family.

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We intend giving our customers every reason to always hire our services which is why we have customized our services. These are the services we will offer as a mobile hair salon company.

We are quite aware that the success of any business lies in the foundation on which the business is built on, which is why we have decided to build our mobile hair salon company on the right business foundation.

As a matter of fact, we are set out to build a mobile hair salon business that will be a standard for the mobile hair salon line of business in the United States of America and Canada. We want to build a business of dedicated workforce who will go all the way to ensure that our customers are satisfied and they get value for their money. In other to achieve this, we aware that it takes a business with the right employees and structure to achieve all what we have set to achieve, which is why will be putting structures and processes in place that will help us deliver excellent services and run the business on auto pilot.

The success of our mobile hair salon business will be anchored on the team not on any individual. With the wide range of our service offerings, we are only expected to employ more than it is required to run a conventional mobile hair salon business.Do you want to start a money transfer company from scratch? Or you need a sample money transfer business plan template?

If YES, then i advice you read on. A money transfer business helps to aid the transfer of money between two persons. There are some licenses you need to obtain to run Money transfer business.

This is like the money transfer license issued by the National Money Transmitters Association NMTAand you would also be required to register for money services business license. A money transfer business is a very capital intensive business and you are required by law to have a certain capital base and mutual bond to run a money transfer business.

Since, going into this kind of business requires a good deal of preparation, how then is you able to go about starting a money transfer business? Develop a Business Plan. A business plan is very important in running this business. It serves as a road map or guide for the business. Your business plan should contain every essential details of your business.

You must be able to answer questions like; will the money transfers be carried out through online or offline platform? The minimum capital requirement stipulated by your State and how you intend raising such capital base? Where will be the location of the business? Which banks will you work with to execute the transactions?

Will there be agents working for your business, and what will be the duties of the agents? What will the business structure look like; will it be a one man business or will there be partners in the business? Answers to these listed questions will serve as a guide to the business. Register a Company-: You have to register a company to operate as a legal entity. Due to the nature of the Money Transfer Business, you may need to register the business as a limited liability company.

You may decide to go public and offer shares to the public. This is just a basic license that will permit you run your business in the State. Therefore, visit your Town County to obtain a business license; the license is obtained free of cost after you fill the registration form.

The first license is the Money transfer license which is issued by the National Money Transmitters Association. The second is to submit a registration of money services business application form to the Financial Crimes Enforcement Agency; which is an agency in the Department of Treasury.

Get an Office Location.

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The next step is to get a location to serve as the physical office address of the business. Basic office supplies like computers, telephone lines, and various departments to effectively run the business should be created in the business office.

Essential departments to be created is the accounts departments; reception departments; customer care department for both online and offline customer inquiries. Hire Your Employees. This business has to do with money, and so will require very honest employees that will maintain a high level of integrity. You have to carry out a background check on every employee that will be hired to work for your company.

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