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In the last few years the startup financing services sector has grown so much. If until a few
years ago companies and entrepreneurs were asking for a loan because of income
fluctuations, today things have completely changed. Even the private trust of financial
companies to get a loan.
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The financial inter mediation agencies, therefore, have become very competitive as the
Lenders, both for subsidized interest rates for a short time the sum of money required.
Precisely because of what has been said, opening a NBFC nancial company for many
represents an opportunity not to be missed because of the gain that could be obtained. But
be careful, for those who intend to open it, they must be very careful about different aspects
and evaluate well whether it is the case or not to start the practices.
Not everyone knows it, but if opening financial company means earning money, on the other
hand, however, the risk of incurring losses is very high, especially if you do not have the right
experience and expertise in the aforementioned sector.
The market is always evolving so if you don't know the right rules here is that failure is just
around the corner.
So our advice is: do you want to start a finance company? If your answer is yes, then it is very
important for you to know some things in order to carefully evaluate every single aspect
before going into a delicate area like funding. Before going into the topic, we recommend
reading the section on how to start many other activities if you still have any doubts.
Naturally, in addition to these requisites, one must also possess a suitable qualification and
the person who intends to start a financial company must possess the requisites of integrity,
professionalism, capital and independence.
To enter the business world you need to have in-depth knowledge of the industry otherwise
you won't go anywhere. Knowing the market trend is therefore fundamental if not even
mandatory.
From the beginning of the activity there will be a maximum time of 30 days to communicate
also to the Revenue Agency the start up of the company. Whether it is an individual company
or a real company.
To ensure that it is in order, here are the requirements that the premises must possess:
· Habitable
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· For rooms of large size should contact the Fire Department for a possible fire
assessment.
Starting a nancial business requires time, determination and considerable costs. It is very
likely that in the beginning difficulties will be encountered but it is essential that you have a
great entrepreneurial spirit, good organizational and managerial skills and the capacity for
public relations as well as recruitment of human resources which will then be fundamental
to offer customers a service highly professional, qualitative and courteous. Fundamental will
be the choice of services to offer to customers by inserting maybe even the protesters in the
company target (for example, you could risk providing services even to protested, perhaps
with loans remitted at home.
If you decide to start a finance company the initial cost for the investment could be a little
high, even if it will depend on various factors.
In fact there are several elements that can affect the initial cost such as:
· Training courses.
So it's a bit difficult to define a standard cost. As a general rule, it could be a minimum of €
30,000 to start up a small finance company (excluding personnel costs), but if the premises
are rather large, it is clear that the cost will be much higher.
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· Staff competence and professionalism Got it!
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· Strategic point of the venue
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· Quality of service
· Services offered
· Client
In order to reduce initial costs, a valid alternative is represented by the Indian. Exactly, that's
right. Using the Indian formula, there are many advantages that can be obtained as well as
reducing the initial cost of the investment.
Furthermore, starting a nancial agency, the financial operations that can be performed are
many:
· Individual loans;
Usually in order to be accepted in the various networks, there are some requirements that
must be fulfilled:
· An office space with a floor area of at least 50 square meters and two separate offices;
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· 2 operators available if the financial agency is small; Got it!
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· 3 operators available if the agency in question is medium-sized.
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The usually offers its af liates the following services:
· Assistance and support during and after the opening of the company
If the intent is to open a finance company, it might be a good idea to opt for the Indian
formula. Many services are offered and on the other hand the initial investment costs are very
low compared to the opening of a financial company without a known brand.
In short, as can be denoted, in order to open a financial company, every single aspect must be
carefully evaluated; otherwise bankruptcy will not be long in coming.
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Authors
Parveen Rawal
Web Digital Media Group provides relevant, timely information for the different retail and financial industry.
Related Tags
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