Formal business plan is just as important for any established forex brokerage business as it is for a start-up forex broker. Your forex business plan will serve four critical functions such as:
- Provides a considered and balanced framework within which a business can develop and pursue business strategies over the next three to five years.
- Helps management to clarify, focus and follow set business development targets.
Serves as a basis for the investment firm license or authorization application process with regulatory authorities.
- Offers a benchmark against which actual performance can be measured and reviewed.
A forex business plan should be a realistic view of the expectations and long-term objectives for any established business or new venture. It provides the framework within which it must operate, and ultimately, succeed or fail. Preparation of a comprehensive forex business plan as per industry standards will not by itself guarantee you success in obtaining the license or authorization for your forex broker business or investment firm, but lack of a sound business plan will almost certainly ensure failure.
Preparation of a proper business plan for a forex brokerage or investment firm may take weeks of hard work and the development of several drafts before arriving at the final draft. A clearly written and attractively packaged business plan will make it easier to attract possible supporters, investors, regulatory approvals etc. A well-prepared business plan will demonstrate that the business promoters or entrepreneurs know the business and that they have thought through its development in terms of services, management, finances, compliance and most importantly, markets and competition.
Kaith Consultants have substantial practical experience in preparation of tailor-made business plans for forex brokerage and investment firms which have been accepted by regulatory authorities in various jurisdictions
Contact us in order to learn more and obtain a forex business plan for your brokerage.
Below are some of jurisdictions we can offer this service
- Hong Kong
- Cayman Islands