MOS World

A money-transferring agency transfers cash/currency between two separate parties. The criteria to start a money transfer agency varies by state & bank as it is regulated by RBI and government of India A money-transferring agency transfers monies between two separate parties. The criterion to start a money transfer agency varies according to states & even bank. Popular money-transferring agencies include Axis, Yes Bank, Bank Of India etc. However, most banks require the owner of the business to have a set amount of capital. With this business, you can have a brick-and-mortar storefront, conduct business only online or a combination of both. Meet your state or banks minimum requirements to start a money-transferring agency. Requirements often include but are not limited to, a minimum net worth and a surety bond. Obtain a money-transferring license and pay all applicable fees. The requirements for a money-transferring license and the application fee vary by State...

Working as a travel agent might seem a little outdated in today’s world but in reality, many people still prefer to work with travel agents. The reason is simple. Experienced travel coordinators help travelers save money, time, and all the headaches of organizing the travel. Today’s travel agent has multiple options: part-time or full-time; employee, independent contractor or self-employed; aligned with a host agency, owner of a franchise or independent; new to the industry, experienced travel agent or phasing into retirement… form all the options, the many appeals of working from a home-based office and ongoing cultural changes continue to lead to increases in agents who are choosing to work from home. In fact, more than half (55 percent) of the travel agent respondents are home-based, with 18 percent defining themselves as home-based employees and another 37 percent identifying themselves as independent home-based agents. Owning a Home based travel agency generally work f...

Trying to figure out if a franchise opportunity is a grime or gold? In this article, I would explain which & what factors will help you judge a franchise. In particular, I will show you which aspects to consider: 1. Growth – Is a franchise growing or shrinking? 2. Average Sales per Unit and its history. 3. Success Rates of units in general. 4. Continual Support provided by the franchisor. Considering a Franchise opportunity or Investing in a franchise business? Did you know that if you have at least $5000 in your account you can use this money to start or buy a business? Growth According to a recent KPMG and Franchise Association of India (FAI) report, the India franchise economy has a potential to grow to $51 billion in 2017 from the present $13.4 billion. The franchise industry is expected to contribute almost 4 percent of India’s GDP in 2017. Increasing consumption, willingness to spend, growing preference for branded products, global exposur...

Being an individual if have you an idea of being independent, a vision to start your business, may it be a small business, and believe that it can be your bread and butter, then my friend you are on the right track. This ideology is the very bases of being an entrepreneur. In this 21 st century being an employee of a multi-national company has become a trend. CTC, Job profile, years of experience etc. is what they focus on but only a handful of individuals envision of being an entrepreneur or start his/her own small business. In my personal opinion, such 'out of the box' ideology is respected and commendable.   As it is said ‘ think big but start small ’. Give your small business a strong identity, nurture it like a plant and see It grow into a tall and wide tree.Being an owner of a small business looks to be a shiny affair.Flexible hours to work, major share in what you earn, you are your own boss that means no pressure from superior, the perks & advantages will ...