Are you about starting a Forex brokerage firm?
If YES, here’s a complete sample Forex brokerage business plan template & feasibility report you can use for FREE to raise money.
If you are interested in Forex (foreign exchange), one of the viable and profitable businesses that you can start along that line is afore brokerage company. Forex brokerage firm just like any other brokerage firm is an intermediary between retail Forex traders (those who trade on foreign exchange market and the Forex market.
Forex brokerage companies provide the platform for retail Forex traders to trade Forex on the internet. The fact that you will be competing with people from all over the globe is enough reason for you to be creative with your Forex brokerage firm.
In order to attract Forex traders, you should ensure that your Forex trading platform is user friendly and the payment portal is secured. It is also very important that you make the withdrawal process seamless for your clients (retail Forex traders).
A Sample Forex Brokerage Firm Business Plan Template
Industry Overview
The financial services industry is indeed a broad industry and one of the active line of businesses in the industry that any entrepreneur who have solid understanding on how foreign exchange works is to either start a Forex brokerage firm or to launch an online Forex trading business.
A non-bank foreign exchange company also known as a foreign exchange broker or simply Forex broker is a company that offers currency exchange and international payments to private individuals and companies. The term is typically used for currency exchange companies that offer physical delivery rather than speculative trading. i.e., there is a physical delivery of currency to a bank account.
As a Forex brokerage company, your responsibility is to provide a Forex trading platform for retail Forex traders. So what you need to do is to hire experts to help you develop a user-friendly Forex trading platform. Your trading platform must be secured and easy to navigate. It is also important to make use of a secured payment portal and also Forex traders should be able to withdraw their earnings without stress.
The truth is that the number of people that register and trade on your Forex trading platform are what will determine the money you will make. In order to attract people to your trading platform, you should develop a Forex trading demo; a learning tool for Forex trading.
The Forex Brokerage Services industry is indeed in a mature stage of its growth. The industry is characterized by growth in line with the overall outlook of the economy, consolidation from the largest players in the industry, and wholehearted market acceptance of industry products (currencies from different nations) and services.
The Forex Brokerage services line of business will continue to be in high demand by the business establishment in the united states, most especially as the number of businesses and international trade increases. Manufacturing industries and other corporate organizations are also expected to continue to source for Forex especially when they are involved in intentional trade or have international business partners.
The Forex Brokerage Services industry is indeed a large industry and pretty much active in countries such as the United States of America, United Kingdom, France, Italy, Nigeria, South Africa Japan, China, Germany, and Canada et al.
Over and above, starting a Forex brokerage firm requires professionalism and a good grasp of our foreign exchange works on a global platform. Besides, you would need to get the required certifications and license and also meet the standard capitalization for such business before you can be allowed to start a Forex brokerage firm in the United States; the industry is heavily regulated to guide against fraud and criminality.
Executive Summary
Freeman Jones Forex Brokerage Firm, LLC is a registered and licensed Forex brokerage company that will be located in the heart of Las Vegas – Nevada. The company will be involved in dealing in currencies from leading countries of the world whose currencies are traded in the United States of America.
Aside from the fact that we will serve as a bureau de change for businesses and individuals who want to buy or sell foreign currencies, we will also engage in Forex trading on the internet. We are aware that to run an all-around and standard Forex brokerage firm can be demanding which is why we are well trained, certified, and equipped to perform excellently well.
Freeman Jones Forex Brokerage Firm, LLC is a client-focused and result-driven Forex brokerage firm that will buy and sell Forex from leading nations, trade Forex online for clients, and also provide broad-based Forex services at an affordable fee that won’t in any way put a hole in the pocket of our clients.
We will offer standard and professional Forex services to all of our individual clients, and corporate clients. We will ensure that we work hard to meet and surpass our clients’ expectations whenever they patronize our services.
At Freeman Jones Forex Brokerage Firm, LLC, our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in the Forex bureau firms industry with a strong bias in online Forex trading.
Freeman Jones Forex Brokerage Firm, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.
We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.
Our plan is to position the business to become the leading brand in the Forex brokerage services line of business in the whole of Nevada, and also to be amongst the top 20 Forex brokerage firms in the United States of America within the first 10 years of fully launching the business.
This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that Las Vegas is the right place to launch our Forex brokerage cum Forex trading company before sourcing for clients from other cities in The United States of America.
Freeman Jones Forex Brokerage Firm, LLC is founded by, Mr. Freeman Jones and his family. Freeman Jones is a Forex trader per excellence with adequate results to show for it.
He has well over 15 years of experience working at various capacities within the financial consulting industry with a strong bias for Forex in the United States of America. Mr. Freeman Jones graduated from the both University of California – Berkley with a Degree in Accounting, and the University of Harvard (MSc. Finance) and he is a chartered account.
Our Product and Services
Freeman Jones Forex Brokerage Firm, LLC is going to offer a variety of services within the scope of the Forex brokerage services industry in the United States of America and of course on the global stage. Our intention of starting our Forex brokerage firm in Las Vegas – Nevada is to leverage on the opportunities available in the city.
We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim, and ambition. Our business offering are listed below;
- Trade Forex on behalf of our clients (both corporate clients and individual clients)
- Buy and sell Forex from leading countries of the world
- Provide other related Forex and financial consulting and advisory services
Our Mission and Vision Statement
- Our vision is to build a Forex brokerage services brand that will become the number one choice for individuals, smaller businesses, and corporate clients in the whole of Las Vegas – Nevada. Our vision reflects our values: integrity, security, service, excellence, and teamwork.
- Our mission is to provide professional, reliable and trusted Forex trading and Forex brokerage services that assist start – ups, corporate organization, manufacturing companies, and non-profit organizations in sorting out their foreign exchange and financial related concerns.
- We will position the business to become the leading brand in the bookkeeping and payroll services line of business in the whole of Nevada, and also be amongst the top 20 bookkeeping and payroll services firms in the United States of America within the first 10 years of operations.
Our Business Structure
Freeman Jones Forex Brokerage Firm, LLC, is a Forex brokerage cum Forex trading firm that intend starting small in Las Vegas – Nevada, but hope to grow big in order to compete favorably with leading Forex brokerage cum Forex trading firms in the industry both in the United States and on a global stage.
We are aware of the importance of building a solid business structure that can support the picture of the kind of world-class business we want to own. This is why we are committed to only hire the best hands within our area of operations.
Ordinarily, we would have settled for two or three staff members and settle for just online Forex trading services, but as part of our plan to build a standard Forex brokerage services firm in Las Vegas – Nevada that will also be involved in buying and selling of Forex, hence we have perfected plans to get it right from the beginning.
The picture of the kind of Forex brokerage services business we intend to building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Las Vegas – Nevada as long as they are willing and ready to work with us to achieve our business goals and objectives.
At Freeman Jones Forex Brokerage Firm, LLC, we will ensure that we hire people that are qualified, hardworking, and creative, result-driven, customer-centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;
- Chief Executive Officer
- Forex Traders / Consultants
- Admin and HR Manager
- Marketing and Sales Executive
- Accountant
- Customer Care Executive / Front Desk Officer
Job Roles and Responsibilities
Chief Executive Officer:
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for fixing prices and signing business deals
- Responsible for providing direction for the business
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
Forex Traders / Forex Consultants
- Responsible for trading Forex for the organization and for our clients under the firm’s platform
- Handle business activities such as buying and selling Forex from leading countries of the world in a highly professional manner
- Responsible for ensuring that all Forex transactions whether it is cash transaction or online credit transaction are recorded in the correct daybook, supplier’s ledger, customer ledger, and general ledger
- Provides other related Forex and financial consulting and advisory services
Admin and HR Manager
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Designs job descriptions with KPI to drive performance management for clients
- Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures, and Processes
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Defines job positions for recruitment and managing the interviewing process
- Carries out staff induction for new team members
- Responsible for training, evaluation, and assessment of employees
- Responsible for arranging travel, meetings, and appointments
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Oversee the smooth running of the daily office activities.
Marketing and Sales Executive
- Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
- Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects.
- Writes winning proposal documents, negotiate fees and rates in line with company policy
- Responsible for handling business research, market surveys, and feasibility studies for clients
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, executes and evaluates new plans for expanding increase sales
- Documents all customer contact and information
- Represents the company in strategic meetings
- Helps increase sales and growth for the company
Accountant
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- creates reports from the information concerning the financial transactions recorded by the bookkeeper
- Prepares the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
- Provides management with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
- Responsible for financial forecasting and risk analysis.
- Performs cash management, general ledger accounting, and financial reporting for one or more properties.
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for the company
- Serves as an internal auditor for the company
Client Service Executive / Front Desk Officer
- Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
- Ensures that all contacts with clients (e-mail, walk-In center, SMS, or phone) provide the client with a personalized customer service experience of the highest level
- Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
- Manages administrative duties assigned by the manager in an effective and timely manner
- Consistently stays abreast of any new information on the company’s products, promotional campaigns, etc. to ensure accurate and helpful information is supplied to clients
- Receives parcels / documents for the company
- Distribute mails in the organization
- Handles any other duties as assigned my the line manager
SWOT Analysis
Freeman Jones Forex Brokerage Firm, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured Forex brokerage cum Forex trading firm that can favorably compete in the highly competitive Forex market in the United States and the world at large.
Part of what the team of business consultants did was to work with the management of our organization in conducting a SWOT analysis for Freeman Jones Forex Brokerage Firm, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Freeman Jones Forex Brokerage Firm, LLC;
- Strength:
Our core strength lies in the power of our team; our workforce. We have a team that can go all the way to give our clients value for their money; a team that is trained and equipped to pay attention to details and to deliver excellent returns whenever our clients engage our services to trade Forex for them. We are well-positioned and we know we will attract loads of clients from the first day we open our doors for business.
- Weakness:
As a new Forex brokerage cum Forex trading firm in Las Vegas – Nevada, it might take some time for our organization to break into the market and gain acceptance especially from corporate clients in the already saturated Forex brokerage services industry; that is perhaps our major weakness.
So also, we may not have the required cash to leverage the opportunities of buying huge Forex as permitted by the law of the United States when such an opportunity presents itself to us. So also, we may not have enough budget to give our business the kind of publicity we would have loved to.
- Opportunities:
The opportunities in the Forex brokerage services industry is massive considering the number of individuals especially students, players in the manufacturing sector, importers and exporters, startups, and of course corporate organizations who can’t afford to do without the services of Forex brokerage cum Forex trading companies.
As a standard and well-positioned Forex brokerage cum Forex trading firm, we are well – equipped and ready to take advantage of any opportunity that comes our way.
- Threat:
Some of the threats that we are likely going to face as a Forex brokerage cum Forex trading firm operating in the United States are unfavorable government policies, the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing/spending power. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.
MARKET ANALYSIS
- Market Trends
The Forex brokerage cum Forex trading services industry is indeed a very large industry and of course it is one industry that works for businesses across different industries. If you are conversant with the trend in the Forex brokerage cum Forex trading industry, you will agree that loads of businesses but in the United States and in other part of the world are becoming active in international trades hence the increase demand for Forex.
The truth is that, a company in the manufacturing sector that depend on raw materials from the international market, or a company actively involved in importing and exporting and of course international tourist and international students et al cannot effectively operate their business or fit into a new country without having the currency of the host nation.
Another notable trend in the Forex brokerage services industry is that in the last five years, the industry has performed impressively as a large reduction in unemployment boosted the revenue generated in the industry.
So also, the Forex brokerage services cum Forex trading industry has benefited from the advancement of online Forex trading software and platforms, with new cloud-based offerings providing a new revenue stream for operators, and attracting new customers. Going forward, increasing product penetration and of course an expanding customer base is expected to drive growth in the industry.
Our Target Market
The demographic and psychographics composition of those who need the services of Forex brokerage cum Forex trading firms cuts across individuals, small businesses, and large corporations.
Freeman Jones Forex Brokerage Firm, LLC will initially serve small to medium-sized businesses, from new ventures to well-established businesses and individual clients, but that does not in any way stop us from growing to be able to compete with the leading Forex brokerage service firms in the United States.
As a standard and licensed Forex brokerage cum Forex trading service firm, Freeman Jones Forex Brokerage Firm, LLC offers a wide range of Forex-related services hence we are well trained and equipped to services a wide range of clientele base.
Our target market cuts across businesses of different sizes and industries. We are coming into the industry with a business concept that will enable us to work with individuals, small businesses, and bigger corporations in and around Las Vegas – Nevada, and other cities in the United States of America. Below is a list of the businesses and organizations that we have specifically design our products and services for;
- Manufacturing Companies
- NGOs
- Blue Chips Companies
- Corporate Organizations
- International businessmen and businesswomen
- International Students
- Importers and exporters
- International Tourists and visitors
- Individuals
- Entrepreneurs and Start-Ups
The level of competition in the Forex brokerage services industry does not in any way depend on the location of the business since most people on that trade Forex can operate from any part of the world and still effectively compete in the Forex trading platforms.
We are quite aware that to be highly competitive in the Forex brokerage services industry means that we should be able to make available Forex from leading countries of the world and also to produce results and give good returns on investments when our clients, both individual clients and corporate clients give us Forex to trade on their behalf.
Freeman Jones Forex Brokerage Firm, LLC might be a new entrant into the Forex brokerage services industry in the United States of America, but the management staffs and owners of the business are considered gurus. They are people who are core professionals and licensed and highly qualified Forex traders in the United States. These are part of what will count as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups Forex brokerage cum Forex trading firms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
SALES AND MARKETING STRATEGY
We are mindful of the fact that there is stiffer competition amongst Forex brokerage firms cum Forex trading firms in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.
Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization.
We will also ensure that our excellent service deliveries speak for us in the market place; we want to build a standard bookkeeping and payroll service business that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).
Our goal is to grow our Forex brokerage services firm to become one of the top 20 Forex brokerage firms in the United States of America which is why we have mapped out a strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the Las Vegas but also in other cities in the United States of America.
Freeman Jones Forex Brokerage Firm, LLC is set to make use of the following marketing and sales strategies to attract clients;
- Introduce our business by sending introductory letters alongside our brochure to corporate organizations, schools with international students, players in the manufacturing sector, importers and exporters, international tourists, and other key stakeholders in Las Vegas and other cities in Nevada.
- Advertise our business in relevant financial and business-related magazines, newspapers, TV stations, and radio stations.
- List our business on yellow pages ads (local directories)
- Attend relevant international and local Forex, finance and business expos, seminars, and business fairs et al
- Create different packages for different category of clients (startups and established corporate organizations) in order to work with their budgets and still deliver profits to them they hire our services to trade Forex on their behalf
- Leverage on the internet to promote our business
- Engage direct marketing approach
- Encourage word of mouth marketing from loyal and satisfied clients
Publicity and Advertising Strategy
We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to take the financial consulting services industry by storm which is why we have made provisions for effective publicity and advertisement of our Forex brokerage cum Forex trading firm.
Below are the platforms we intend to leverage on to promote and advertise Freeman Jones Forex Brokerage Firm, LLC;
- Place adverts on both print (community-based newspapers and magazines) and electronic media platforms; we will also advertise our Forex brokerage company on financial magazines and other relevant financial programs on radio and TV
- Sponsor relevant community-based events / programs
- We will leverage various online platforms to promote the business. It makes it easier for people to enter our website (Forex trading platform) with just a click of the mouse. We will take advantage of the internet and social media platforms such as; Instagram, Facebook, Twitter, YouTube, Google + et al to promote our brand
- Install our Bill Boards on strategic locations all around Las Vegas – Nevada.
- Engage in roadshow from time to time all around Las Vegas – Nevada to promote our brand
- Distribute our fliers and handbills in target areas all around Las Vegas – Nevada
- Ensure that all our workers wear our branded shirts and all our vehicles are well branded with our company’s logo et al.
Sources of Income
Freeman Jones Forex Brokerage Firm, LLC is established with the aim of maximizing profits in the Forex brokerage services industry and we are going to go all the way to ensure that we do all it takes to attract both corporate and individual clients on a regular basis.
Freeman Jones Forex Brokerage Firm, LLC will generate income by offering the following Forex trading cum Forex brokerage services for individuals, manufacturing companies, NGOs, and corporate organizations;
- Trade Forex on behalf of our clients (both corporate clients and individual clients)
- Buy and sell Forex from leading countries of the world
- Provide other related Forex and financial consulting and advisory services
Sales Forecast
The truth is that a company in the manufacturing sector that depend on raw materials from the international market, or a company actively involved in importing and exporting and of course international tourist and international students et al cannot effectively operate their business or fit into a new country without having the currency of the host nation.
We are well-positioned to take on the available market in Las Vegas – Nevada and on our online platforms and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operations and grow the business and our clientele base beyond Las Vegas to other cities in Nevada and other states in the U.S.
We have been able to critically examine the Forex brokerage cum Forex trading market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Las Vegas – Nevada.
Below is the sales projection for Freeman Jones Forex Brokerage Firm, LLC, it is based on the location of our business and the wide range of financial consulting services that we will be offering;
- First Year-: $250,000
- Second Year-: $550,000
- Third Year-: $950,000
N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering the same additional services as we do within the same location. Please note that the above projection might be lower and at the same time it might be higher.
- Our Pricing Strategy
It is a fact that Forex trading both online and offline is driven by the demand of a certain currency which is why the prices cannot be fixed; prices for Forex fluctuate on a regular basis.
At Freeman Jones Forex Brokerage Firm, LLC we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.
- Payment Options
At Freeman Jones Forex Brokerage Firm, LLC our payment policy will be all-inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;
- Payment by via bank transfer
- Payment via online bank transfer
- Payment via check
- Payment via bank draft
- Payment with cash
In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
Financial Projections and Costing
Starting a Forex brokerage cum Forex trading firm can be cost-effective; this is so because on average, you are not expected to acquire expensive machines and equipment.
Aside from the working capital or capitalization as is required by the regulating body, basically, what you should be concerned about is the amount needed to secure a standard office facility in a good and busy business district, the amount needed to furniture and equip the office, the amount to purchase the required software applications, the amount needed to pay bills, promote the business and obtain the appropriate business license and certifications.
This is the financial projection and costing for starting Freeman Jones Forex Brokerage Firm, LLC;
- The Total Fee for incorporating the Business in St Vincent & The Grenadines – $1500.
- The budget for a basic insurance policy covers, permits and business license – $2,500
- The Amount needed to acquire a suitable Office facility in a business district 6 months (Re-Construction of the facility inclusive) – $40,000.
- The amount required for capitalization (working capital) – $50,000
- The Cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $5,000
- The cost for purchase of the required software applications (CRM software, Accounting, and Bookkeeping software and Payroll software et al) – $10,500
- The Cost of Launching your official Website – $600
- Budget for paying at least three employees for 3 months plus utility bills – $10,000
- Additional Expenditure (Business cards, Signage, Adverts, and Promotions et al) – $2,500
- Miscellaneous: $1,000
Going by the report from the market research and feasibility studies conducted, we will need over one hundred and fifty thousand (200,000) U.S. dollars to successfully set – up a medium scale but standard Forex brokerage cum Forex trading services firm in the United States of America.
It is important to state that the testing and evaluating expenses would be high because of the large amount needed as working capital.
Generating Funding / Startup Capital for Freeman Jones Forex Brokerage Firm, LLC
Freeman Jones Forex Brokerage Firm, LLC is a business that will be owned and managed by Freeman Jones and his immediate family members. They are the sole finances of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the start-up capital for the business to just three major sources.
These are the areas we intend generating our start-up capital;
- Generate part of the start-up capital from personal savings
- Source for soft loans from family members and friends
- Apply for a loan from your bank
N.B: We have been able to generate about $50,000 (Personal savings $40,000 and soft loan from family members $10,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
Sustainability and Expansion Strategy
The future of a business lies in the number of loyal customers that they have the capacity and competence of the employees, their investment strategy, and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business closes shop.
One of our major goals of starting Freeman Jones Forex Brokerage Firm, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to offer our Forex brokerage cum Forex trading services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on a lower profit margin for a while.
Freeman Jones Forex Brokerage Firm, LLC will make sure that the right foundation, structures, and processes are put in place to ensure that our staff welfare is well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.
As a matter of fact, profit-sharing arrangements will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to helping us build the business of our dreams.
Check List / Milestone
- Business Name Availability Check: Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts various banks in the United States: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Purchase of All form of Insurance for the Business: Completed
- Conducting Feasibility Studies: Completed
- Generating part of the start-up capital from the founder: Completed
- Applications for Loan from our Bankers: In Progress
- Writing of Business Plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents: In Progress
- Design of The Company’s Logo: Completed
- Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
- Recruitment of employees: In Progress
- Purchase of the Needed software applications, furniture, office equipment, electronic appliances, and facility facelift: In Progress
- Creating an Official Website for the Company: In Progress
- Creating Awareness for the business (Business PR): In Progress
- Health and Safety and Fire Safety Arrangement: In Progress
- Establishing a business relationship with vendors and key players in the industry: In Progress
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