Currency exchange is a fairly profitable business that brings in considerable income, resulting from the difference in exchange rates. But in order to make a profit, you need to organize an exchange office.
Necessary
- - agreement with a banking institution;
- - premises;
- - working staff.
Instructions
Step 1
The legislation of the Russian Federation states that only a credit institution has the right to open a currency exchange office. Therefore, if you are an individual entrepreneur, conclude an agreement with any bank. Under it, you agree to pay a commission every month and strictly follow the necessary instructions. The bank, in turn, will allow you to work under its license.
Step 2
Look for the premises where your exchange point will be located. It is desirable that it is located in a place where there is always a large crowd of people, for example, near a train station, hotel, market, shopping center.
Step 3
After that, take care of equipping the future exchange office. Get the equipment you need when working with clients. For example, a computer with a specific program, a cash counter, a banknote authenticity detector, etc. Install a high-quality armored door, window. Connect fire and burglar alarms. It is better to play it safe and install a video surveillance system in order to avoid the theft of your future employees. In addition, there should be a visitor information board.
Step 4
Think about the workforce. Hire two competent and responsible cashiers and security guards. Set a schedule for them. If you wish, you can hire a cleaning lady who will work part-time.
Step 5
You are planning to make money on the difference in exchange rates. From this it follows that you will need initial capital to carry out your activities. At a minimum, it should be $ 25,000. In addition, remember that this money should always be in the cash register, it does not need to be withdrawn.
