Free Essay

Retail Businesses

In: Business and Management

Submitted By Kollybay4u
Words 3778
Pages 16
What are the best money making business ideas that can make you become rich? What is the best business to start? Well, this article is an answer tothese questions .
As this year draws to an end, you need to positionyourself properly because there are a lot of income opportunities available that can take you to whole new level. Whether you are an entrepreneur or investor, you will surely find this compilation valuable. So without wasting your time, below are 30 best money making business ideas that can make you become rich.
P.S: This article only contains researched information, so it is expected that you conduct your own feasibility study and write a business plan or you can talk to a competent business consultant .
30 Best Money Making Business ideas that can Make You Become Rich
Event and party planning
If you have been complimented on your parties, you might be good enough to be a party planner. Many people who are throwing parties will desperately need your service. Let them know you can handle everything from invitations to thecatering, from the entertainment to cleaning up afterwards, from the wine shopping’s to decorations. The best places to herald your services would be in the entertainment section ofmost of the daily newspaper.
I will recommend some soft sell magazine, because placing an advert in some of these magazines will surely go a long way in getting some customers. Generally, this work goes for a flat fee, depending upon the size of the party. From N 15,000 to N 200,000. Think of what you are going to make in a year if you are doing at least 2 parties in a month.
Biography Writing
A lot of writers are going to be instant Millionaires this year and even next. I checked myrecord and discovered that a lot of Nigeria Business men, CEOs, Politicians are going to be 40,45, 50, 55, 60, 65, 70, 75, and 80 years . If you have a passion for writing, you can target their birthdays, fix a date for the lunching and you are good to go. Some of them have a lot of companies and friends that are ready to donate to the lunching of the book. So what are you waiting for to target a Nigerian Millionaire today and be an instant millionaire.
Computer class instructor
Computers have become part of everyone’s life, not only in the workplace, but in the home as well. They are part of our jobs and also part of our entertainment. You can check the computer book section of a bookstore near you and use the knowledge you have gained to teach others how to begin using a computer; how to use it more efficiently, how to get more out of it, or how to use specific software programs. This type of class can be offered through your home but you might also consider contacting a local computer retailer and offer to conduct the classes in his/her store. This would bring traffic into the store that is specifically interested in his product as well as give you access to a variety of machines and software to demonstrate with.
Photography Business
All of us have seen professional photographers atsporting events. We may have used the service of professional for a wedding. But what about the local Pee Wee soccer league or the neighborhoodblocks party. Most people enjoy good pictures, but most people don’t have the knowledge or experience to take good pictures consistently. If you enjoy using a camera, whether it still camera or a video camera, there is money to be made with it. Perhaps the easiest way to begin is to take the camera to a local youth sporting event and begin taking pictures. Be sure to have inexpensive brochures available explaining to the proud parent where they can order actions shots of their own little super stars in action. A few big weekends of that type of freelance work will let you see how big this market can be.
Selling educational materials
Selling educational materials is a big business today. Pencils, Exercise books, recommended textbooks, graphical tables, and drawing equipment are some of the materials students cannot do without on a daily basis. People who locate their shops near these schools are bound to make a lot of money. If you can get your shop near any of these schools, you are bound to makea lot of money. If you don’t have enough money to rent a shop, you can get a table and display some of your ware or you can get an umbrella or canopy. Make sure you know the relevant materials that are in demand in this environment; your success in this business is directly related to your ability to sell at a price that is very competitive.
Pure water business
Do you have a fridge, freezer or you live close to cold rooms; then you can start a pure water business. It is true that millions of people are in the business today, but there is still room for one more person who is still passionate to make it in the business. Markets, schools churches mosques football matches playground and parties are some of the places you can get good business. Other ways of making money is by targeting very big events, securing a stand, rent a freezer and you will make some money.
Printing and selling GSM recharge card vouchers
Printing GSM recharge vouchers could equally mean printing money. We all know that GSM recharge cards are the fastest selling product today in the country today. Imagine that you are the one producing GSM recharge vouchers that are used in your locality. I don’t know how many GSM subscribers are living in your area but I am sure Nigeria has over 40 million subscribers. You can start your own recharge card printing business. The printer cost N 38, 000; you can start with Pins from N 20,000. You can print and sell recharge vouchers in the values of all MTN, GLOBACOM, STARCOMS and AIRTEL cards. You can never run out of recharge cards or experience scarcity.
Homemade bread and setting up a bakery
The amount require to set up a Bakery is directly related to the cash at hand, if you want to start small you can get a small parcel of about half a plot or a full plot of land and build a clay oven, it will cost you about N400, 000 to start, while it will cost between N4, 000,000 to N5, 000,000 or more to start on a large scale.
Setting up a security company
Setting up a security venture is a very lucrative business, to a lot of people, setting up a security company is a capital-intensive project. A lot of people have been scared away from attempting to set up one because of this mind-set and mentality. It is very possible to start or set up a security company with little or no capital. Multinationals pay as much as N 65,000 per security officer and the security company collects N 15,000 while they pay N 50,000 to the security officer.
Television and Radio production
Nigeria currently has over 140 TV Stations and 200 radio station spread across the Country. There are different types of shows on our Television and Radio; such as current affairs, news, sports programme, Automobile, Information Technology, Telecommunications, Shoppers Guide, Maritime Television, Politics, Aviation, Finance, Insurance, Cultural dances, Personality Profile, Educational Programmes, Musicals, Fashions, Construction, Oil Industry, Religion, Hospitality and Tourism, Real Estate, Dating Game Show, Agriculture, Women Empowerment Programmes,, School Quiz Competition, Teenage Programmes and so on.
It is imperative to tailor your show towards your professional background, orientation and finally interest. Nigeria movie industry is not making money like when it started 16 years ago as TV and Radio production is now more lucrative as TV and Radio producers now rake in Million of naira from sponsorship fee.
30 Best Money Making Business ideas that can Make You Become Rich
Real Estate Business
The boom in property sector is already showing in the high cost of cement, even property stocks on the exchange are smelling-hot. This emerging wealth is sure to simmer in to the hands of both the medium and small income earners. It is now glaring that in the face of increased cost of land and property in the real estate sector, there is actually a big opportunity for many who know the secrets of getting it cheap when others are still ignorant and selling high thereafter. After all,that is what real estate is all about, except for theintelligence you need to acquire in order to play in the market rightly. As a new entrant into the industry, all you need to do is be the link between the buyer and the seller; and you are entitled to a particular commission.
Website designing
Website designers are always in demand by corporate organizations, government agencies NGOs as they are willing to pay big to get their website designed. Some of them are also lookingfor website developers because some of them need to update the information on their sites. Make sure you don’t price yourself too cheap and make sure you get the required training. A website designing course can take a week or two; if you can browse the net very well, there is a lot of FREE software online that can guide you step-by-step on how to design a website.
Setting up an NGO
Setting up an NGO strongly depends on the natureand character of the NGO. However, you must make sure you follow your passion; be it taking care of children, old people, environment, or solving social economic problem etc. All you needto do is to start with the little you have; starting with your immediate environment. Let all the corporate organizations and individual in your vicinity know what you are doing. You don’t even need an office; you can start from your house, look for credible people to work with especially influential individual, who can assist you to raise money through their friends. Millions of dollars are budgeted yearly for NGO in Nigeria by foreign donor agencies but such funds are returned to those foreign agencies at the end of their financial year.
Stock brokerage
Stock brokerage business is a profitable business.Like every other money making venture. It has itsown challenges. This is because the market is notstagnant, prices of stocks move upward and downward. In Nigeria, stock brokerage business has not been fully exploited. This is because we are only dealing on equities and not on derivatives. Once you have made up your mind, you don’t need an office; just look for a reputablestock broking firm to work with. The more clients you can convince to invest their money in the stock market, the more money you’ll make.
Make money as a registered independent petroleum marketer with NNPC
This is the foremost and mother of all the other oil businesses because it provides you with an expansive area to play in this business. For instance, as registered petroleum marketer with NNPC, you can access the following opportunities:
*. Own Depots
*. Own filling stations
*. Import/Export petroleum products
However, to become a registered independent Petroleum marketer with NNPC, the starting pointis the Department of Petroleum Resources (DPR), the regulatory arm of the petroleum Industry andfind out their requirement and what area you want to engage in, either as a depot owner or filling station owner. And once you are able to meet the requirement, you will be given a licensefor storage and sales.
Set up a micro finance bank
The micro finance, regulatory and supervisory framework for Nigeria was introduced to galvanize and empowers the poor and vulnerable people by increasing their access to factors of production. To get started, Micro finance Banks would be required to be well capitalized, technically sound and orientated towards lending based on the cash flow and character of clients. The micro finance bank provides for two categories of MFBs. Credibility would be another major issue for the emerging micro finance banks. Depositors would need solidassurance of the safety of their funds, just as the MFB operators would by the same token require some form of guarantee of repayment of their credits.
Party equipment rentals
Renting party equipment has become big business particularly in many big cities. Canopies, chairs, stage platform, ice block, drums, cooking utensils, table cloth and other party equipment are in hot demand by party organizers. There is hardly a weekend when parties are not held. Your initial step is to find out fees charged for items and for how long. Then you should investigate the cost of making or buying some of these items. How much you make is directly related to the number of customers you have. A dozen of plastic chairs is being rented out at the rate of between N 300 to N 400 per dozen, while double canopies goes for N 800 each
Haulage contractor
Haulage includes using trucks and Lorries to convey goods from one point to the other. The movement could be within a city. During conveyance, goods are accompanied by owners. In most cases, truck owners do not go scavenging for loads. They leave their Truck/Lorries to transport companies while haulage contractors obtain trucks from transport companies to conveygoods. As an entrepreneur, your role is that of a haulage contractor. Take note, Truck owners welcome contracts that are long term compared to one-off. Let your mark-up be minimal, but you will double your income from payment for goods collected on return trip. Depending on the number of trips and the number of vehicle used, you can earn above N 100,000 per month.
Generator importation and sales
PHCN’s problems began with the total neglect of the industry by the then military government between 1980 and 1999. The near collapse of theindustry was due to the poor funding by the government, mismanagement of the utility, corruption, poor service delivery and load shedding, use of substandard materials, electricity theft, poor revenue drive and non-payment of bills by consumers, technical and non-technical losses. You can import any brand ofgenerator into the Country. If you don’t have money, banks are ready to assist would be investors. Just make sure you provide a good after sales service to your customers
Yam flour production
Processed yam flour is a simple devise for the preservation of yam and making them available at our meals table all year round. Besides, it enhances the storage process and the movement of the product. The preservation process may be supplemented with the usage of chemical preservative, which are common in Nigeria markets. Yam flour is processed through grinding,drying, parboiling, drying and pulverization process. I visited a Company that produces Yam flour recently; I waited for 2hours before I could collect my pack just because they can’t meet the demand
30 Best Money Making Business ideas that can Make You Become Rich
Do you want to sell foreign product in Nigeria? If yes, then franchising is for you. A Franchise is an agreement or license between two parties, which gives a person or group of persons (The franchisee) the rights to market a product or service using the trademark of another business (the franchisor). Both franchisor and the franchisee have a strong vested interest in the success of the brand and keeping the customer happy. Today, Franchising is available to service businesses, manufacturers, retailers, wholesalers,and even professionals services in the medical health care, fast food and beverages hospitality, educational services, training management, business support, estate management, health, beauty and so on.
Flour milling
The consumption of bread and other bakery products such as biscuits, chin-chin, gala, meat pie, among others have created a huge market for the wheat flour industry, and it is continually expanding by the day. These items have come to be accepted as part of our dietary need either as food or as snacks, which is taken in between meals. Flour milling is not however restricted to wheat processing alone, several Nigerians cereals and tuber crops are being milled and preserved to powdery flavor, so as to enhance their industry uses and preserve their shelf life for domestic purposes. These include the corn flour, cassava flour, millet flour etc. Processing them into flour and bagging them therefore holds great prospects, considering the fact that these agricultural raw materials are locally sourced. Flour enjoys extensive usage in the bakery, brewing, confectionery, pharmaceutical as well as the food processing sectors of the economy.
Road haulage transport business
Transport business in Nigeria is as old as the nation itself and there is no doubt that those in the business have been known to have contributed in no small way to the economic development of the country. Transport plays an important role in most business activities. Efficient transport is an essential component in the production and distribution process; commonly referred to as supply chain logistics.
As a new entrant into the business of Haulage business, you can decide to buy a Trailer or more and station it with any of those multinational companies. They will maintain your Trailer for you, employ a driver for you. At the end of every month, all you need to do is to go there and collect your cheque; they pay between N 400, 000to N 600,000 on a Trailer every month. Before youcan be part of this, you need to register with them as a contractor or fall under another contractor in their fleet. Secondly, you may decideto be an independent operator to some of the bigcompanies in the Country, they will give you a way bill; it might be 10 to 15 trips.
Create an e-book
If you have some special and extensive knowledge about a particular hobby, activity or skill, then put it to use and write about it. Maybe you know several different ways to tie knots. Maybe you are really good at making homemade Christmas decorations. Maybe you have extensiveknowledge about taking care of a sick loved one. Or maybe you know some special tricks in preparing meals for large or small families. You can sell an e-book over and over again. If you only make 50 cents per sell; 10,000 downloads ofyour book will make you $5,000.
Get paid to decorate
Imagine having a rewarding, high-paying job that lets you use your creativity to make homes and businesses more beautiful and comfortable. Welcome to the world of interior decorating. There are few jobs that offer so many benefits. As an interior decorator, you will have the satisfaction of making your vision a reality. You will meet interesting people, and because many people who hire interior decorators are wealthy, you will likely spend time in many beautiful homes. If you start your own interior decorating business, you will enjoy the freedom of being your own boss and could earn N 50,000,000 or more per year.
Start your own bottled water business
Bottled water is extremely popular these days. That is why starting up a home-based bottled water business may prove to be a lucrative venture. Purchase all the necessary equipment and designate a room in your house for this project. Start small and just work your way up as your bottled water business clientele grows.
Start a food business
Owning a food business is the first step for many entrepreneurs to the world self-employment. A food business can mean any of a number of business ventures, from temporary food stands tocatering companies. Depending on which type of food business you plan to own, you will have different investment levels. If you run a temporary food stand, very few funds are neededto get started. If you plan to run a restaurant or even a high class catering business, quite a bit of capital is needed to get started.
Become a manufacturer representative
If you are a top seller and have years of experience under your belt, going independent as a manufacturer’s representative may be your ticket to sales success. If you like to sell and yearn to be out on your own, the life of a manufacturer’s representative, also known as an independent sales rep may be for you. Experienced salespeople tell us being a manufacturer’s representative is the graduate level of selling, offering potentially higher earnings and freedom from company politics.
Aluminum door and window manufacturing
Manufacturing aluminum storm windows and doors is a relatively simple process that can even be conducted right from a well-equipped home based workshop. This business start-up will appeal to entrepreneurs with some construction and mechanical aptitude. Once again, aluminum storm windows and doors are easy to manufacture as the material required is referred to as extrusions. It is a simple process of cutting the window framing rails to length, wrapping theglass in a rubber gasket, and attaching the rails that are screw-fastened in the corners.
Employment and career publications
Starting a desktop publishing business that specializes in producing a monthly employment and career guide newspaper is a fantastic new business venture to set in motion. The paper can be distributed throughout the community free of charge and supported by charging companies advertising fees to list their employment and career opportunities in the paper. Additionally, the paper should also include useful information and tips for readers on subjects and topics pertaining to securing gainful employment. The tips could include information, such as how to prepare for a job interview, ten secrets to a winning résumé and more.
Internet trainer
Believe it or not, there are still lots of folk; including many senior citizens and retirees who don’t have a clue how to access the internet or where to go once they are on it. If you’re a tech whiz and you like nothing better than tinkering online; then you can teach these individuals learnhow to navigate the information superhighway with ease as an internet trainer. You will give seminars, workshops, day-long courses or provideone-on-one assistance at senior centers and in individuals’ homes. And you can teach the basics or tailor your programs to the specific types of internet use your clients want to know.
In conclusion, these are the top best 30 money making business ides that can make you become rich. You don’t even need to invest in all, just select one of the businesses listed above and concentrate on it. Success will surely be yours .

Similar Documents

Premium Essay

America's Most Successful Family Businesses

...Alex Vanarthos 11/26/2014 America's Most Successful Family Businesses Family businesses make up an incredible 34% of the S&P 500 Index, meaning over 170 of our nation's 500 largest companies are family owned (Caspar, Christian). To some, this figure is extremely surprising, as it shatters the commonly held misconception that family firms are simply "mom and pop shops." Although it is clear that family businesses are capable of incredible widespread success, exactly why this is the case is far less obvious. One way to gain some valuable insight into how and why so many effective family businesses exist is to closely examine the three in our nation that have had the most success: Cargill, Ford Motors, and Wal-Mart. In many ways, these businesses could not be more different; for instance, they operate in separate industries, and the levels and types of family involvement in the firms vary. Extensive analysis of these three corporations did, however, reveal that while no family, business, or family business is perfect, each company's achievements are directly attributable to its commitment to the common vision and identity instilled in the firm by the family. Cargill Cargill is a private corporation that works with "farmers, customers, governments and communities" to provide "food, agriculture, financial and industrial products and services to the world......

Words: 3063 - Pages: 13

Premium Essay

Factors That Influence Customer Loyalty in Retail Businesses

...Factors That Influence Customer Loyalty in Retail Businesses In: Business and Management Factors That Influence Customer Loyalty in Retail Businesses FACTORS THAT INFLUENCE CUSTOMER LOYALTY IN RETAIL BUSINESSES IN KERICHO COUNTY (A Case Study of Mutai Wholesalers Limited) BY PHILIP KIPRONO KEMEI ADM.NO. 2574/11 A RESEARCH PROPOSAL SUBMITTED TO THE SCHOOL OF BUSINESS AND ECONOMICS IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR OF BUSINESS MANAGEMENT OF MOI UNIVERSITY. 8TH MARCH 2012 DECLARATION This Project study is my original work and has not been presented to any other examination body. No part of this work should be reproduced without my consent or that of Moi University. Signature……………………………………………… Date………………………………….. Name: PHILIP KIPRONO KEMEI Declaration by supervisor: This research has been submitted with my approval as the Moi University supervisor Name: __________________________ Sign: ____________________ Date: _____________ Lecturer Moi University (Nairobi Satellite Campus) DEDICATION I would like to dedicate this research proposal to my loving wife and daughter who supported me emotionally all through this time and for the inspiration and support extended in various ways. ACKNOWLEDGEMENT My warmest thanks goes to all those who have facilitated this research......

Words: 287 - Pages: 2

Premium Essay

Factors That Influence Customer Loyalty in Retail Businesses

...FACTORS THAT INFLUENCE CUSTOMER LOYALTY IN RETAIL BUSINESSES IN KERICHO COUNTY (A Case Study of Mutai Wholesalers Limited) BY PHILIP KIPRONO KEMEI ADM.NO. 2574/11 A RESEARCH PROPOSAL SUBMITTED TO THE SCHOOL OF BUSINESS AND ECONOMICS IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR OF BUSINESS MANAGEMENT OF MOI UNIVERSITY. 8TH MARCH 2012 DECLARATION This Project study is my original work and has not been presented to any other examination body. No part of this work should be reproduced without my consent or that of Moi University. Signature……………………………………………… Date………………………………….. Name: PHILIP KIPRONO KEMEI Declaration by supervisor: This research has been submitted with my approval as the Moi University supervisor Name: __________________________ Sign: ____________________ Date: _____________ Lecturer Moi University (Nairobi Satellite Campus) DEDICATION I would like to dedicate this research proposal to my loving wife and daughter who supported me emotionally all through this time and for the inspiration and support extended in various ways. ACKNOWLEDGEMENT My warmest thanks goes to all those who have facilitated this research proposal. The greatest debt is to Dr. Mugambi the unit facilitator who through his knowledge he shared in class and several guidance has enabled this......

Words: 1005 - Pages: 5

Premium Essay

Customer Service

...Abstract The retail banking industry in the United States has undergone intense change due to regulation since 2008. Retail banks are continually looking for ways to set themselves apart from their competition, as well as retain and grow their customer base. Banks now understand the value of building relationships with their customers and that they need to provide excellent customer service to them as a means of profitability and survival. Understanding the factors behind customer service and its effect on customer loyalty is an important issue for the retail banking industry. This brings up the question “Does customer service influence customer loyalty?” With that question in mind, the following review acknowledges the importance of customer service to customer loyalty and also looks at what factors influence loyalty. The examination takes a look at service and its quality, and the overall effect it has on customer satisfaction and customer loyalty. The findings conclude a direct association among customer service, service quality, customer satisfaction and consumer bank loyalty. Introduction It is generally agreed that the top 3 constructs of building loyalty are: customer service, service quality, and customer satisfaction. This is especially true in people centric service businesses such as retail banking. In today’s competitive business environment many banks are focusing their efforts on having a loyal customer base. Thus, the question arises, “Does......

Words: 1220 - Pages: 5

Premium Essay

Business Analyst

...Product Development and The launch of this app was a success and it garnered millions of subscribers. Now however hesitant to add more features, as they fear it will make the app complex access the bank through a mobile application (or app) on their smartphones and through mobile web on their phone’s browser. It is now at number one position the business managers want to cash in on this success by building more functionality to facilitate growth of other businesses. The strategic team is which in turn could affect user experience and is thus a huge risk. Competitors like Citi are though already in this business and have provided their users with BofA are downfall of financial service industry due to the great depression. Since spending which has narrowed due to this depression. In addition to this, the concern among the users and data access costs involved in use of mobile banking. To overcome these challenges, BofA need to focus on improving customer satisfaction and building brand loyalty. BofA relies majorly on retail banking business, they thrive on consumer costs of developing the app are very high due to the complexities involved in latest smartphones and their operating systems. There is also a sense of security many facilities through mobile app. Other environmental factors posing threat to growing penetration of smartphones and fast Internet connectivity has led to of social media and online searching is at its peak and the online experience will......

Words: 558 - Pages: 3

Premium Essay

Opportunity of Non-Fuel Services in India

...A PROJECT REPORT ON OPPORTUNITY OF NON-FUEL SERVICES IN INDIA CERTIFICATE OF ORIGINALITY This is to certify that the project titled “Opportunity of non-fuel services in INDIA” is an original work of the student and is being submitted in fulfillment for the award of the Masters Degree in Business Administration of INDIRA GANDHI NATIONAL OPEN UNIVERSITY. This report has not been submitted to any other institution for the requirement of a course of study. SIGNATURE OF SUPERVISOR SIGNATURE OF THE STUDENT CERTIFICATE FROM THE GUIDE Material obtained from other sources has been duly acknowledged in the project report. Date: Signature of the Guide: Place: CERTIFICATE FROM THE LEARNER This is to declare that I have carried out this project work myself in part fulfillment of the MBA (Marketing) program of IGNOU. The work is original, has not been copied from anywhere else and has not been submitted to any other Institute for an award of any degree/diploma. Date: Signature: Place: ACKNOWLEDGEMENT A large number of individuals have contributed in preparation of the research report. I am thankful to all of them for their help, guidance and the support that I have received during my research work. I express......

Words: 2945 - Pages: 12

Premium Essay


...DQ-VI: SPECIAL ASSISTANT: Who Should I Select? Six months ago, you were hired as a Special Assistant to the President of First Local Bank. First Local Bank is a privately held Bank, and its President, Charles Buck, was an initial investor who currently owns a 21% share of First Local Bank. The Bank initially succeeded and grew based on its retail banking services (Checking, Savings, Small secured and unsecured consumer loans, etc.) to individuals and small local businesses. As the bank grew over the past decade, it began to expand, first on a regional basis, and most recently into larger Commercial Banking in which they made loans to medium size businesses. The commercial banking business loaned sizable amounts of money to businesses in a three state region (average loan size projected to be in excess of $7,500,000). Loans of this size were secured with assets of each business, and therefore, First Local Bank would be required to evaluate the Effectiveness of each business that applied for a loan, determine the value of the borrower’s assets to be used as collateral, etc. before they loaned money to these commercial borrowers. Initially, Mr. Buck managed this new commercial lending operation himself, but having gotten it started successfully, he now wanted to hire a new Vice President of Commercial Banking, and two Assistant Vice Presidents for the Commercial Lending Division of First Local Bank. Mr. Buck was so impressed with your work in your first six months as......

Words: 603 - Pages: 3

Premium Essay


...operations as a Scheduled Commercial Bank in January 1995. • PROMOTER HDFC is India's premier housing finance company and enjoys an impeccable track record in India as well as in international markets. Since its inception in 1977, the Corporation has maintained a consistent and healthy growth in its operations to remain the market leader in mortgages. Its outstanding loan portfolio covers well over a million dwelling units. HDFC has developed significant expertise in retail mortgage loans to different market segments and also has a large corporate client base for its housing related credit facilities. With its experience in the financial markets, a strong market reputation, large shareholder base and unique consumer franchise, HDFC was ideally positioned to promote a bank in the Indian environment. • BUSINESS FOCUS HDFC Bank's mission is to be a World-Class Indian Bank. The objective is to build sound customer franchises across distinct businesses so as to be the preferred provider of banking services for target retail and wholesale customer segments, and to achieve healthy growth in profitability, consistent with the bank's risk appetite. The bank is committed to maintain the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. HDFC Bank's business philosophy is based on four core values - Operational Excellence, Customer Focus,...

Words: 6845 - Pages: 28

Premium Essay


...Chanda Kochhar (born 17 November 1961) is the managing director (MD) of ICICI Bank and its chief executive officer (CEO). ICICI Bank is India's largest private bank and overall second largest bank in the country. She also heads the Corporate Centre of ICICI Bank. Kochhar was born in Jodhpur, Rajasthan and raised in Jaipur, Rajasthan. She is an alumnus of St. Angela Sophia School, Jaipur. She then moved to Mumbai, where she joined Jai Hind College for a Bachelor of Arts degree. After graduating in 1982 she then pursued Cost Accountancy ICWAI, Later, she acquired the Masters Degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. She received the Wockhardt Gold Medal for Excellence in Management Studies as well as the J. N. Bose Gold Medal in Cost Accountancy for highest marks in the same year.[3] Kochhar resides in Mumbai, and is married to Deepak Kochhar, a wind energy entrepreneur and her Business schoolmate. She has two children, a son and a daughter. She was excellent in studies. In 1984, Kochhar joined the Industrial Credit and Investment Corporation of India Ltd. (ICICI). as a management trainee after her Master's degree. In her early years in ICICI, she handled Project Appraisal and Monitoring and projects in various industries like Textile, Paper and Cement. In 1993, Kochhar was sent to ICICI bank as part of a core team to set the bank. She was promoted to Assistant General Manager in 1994 and then to Deputy General Manager in......

Words: 1153 - Pages: 5

Premium Essay

Retail Banking of Cbl

...INTERNSHIP REPORT ON Retail Banking Activities of City Bank Ltd Gulshan Branch of the year 2009, Dhaka 1 INTERNSHIP REPORT ON Retail Banking Activities of City Bank Ltd Submitted to: Syeda Shaharbanu Shahbazi Ahmed Senior lecturer, BRAC Business School BRAC University, Dhaka Submitted by: Md.Mozahidul Islam ID: 05304077 Date of submission: 20th December, 2009 2 Letter of Transmittal December 20, 2009 Syeda Shaharbanu Shahbazi Ahmed Senior Lecturer BRAC Business School BRAC University, Dhaka Dear Madam, I am glad to submit my report on the topic as you have assigned me to prepare an internship report on retail banking activities of City Bank limited of Gulshan Branch as a partial requirement of the course Bus 400. Now I am looking forward for your kind appraisal regarding internship report. You would be glad to hear that I have given my best effort to prepare the report with relevant information that I have collected from City Bank Limited, Gulshan Branch and from other relevant sources during my internship program. I have the great pleasure to have the opportunity to study on “retail banking activities” of City Bank Ltd. It is meaningful to mention that the knowledge I have gathered during the internship period, will help me in practical field of professions. In spite of various inadequacies I have tried to cover all the relevant affairs. It is quite worthy to mention that without your kind hearted guidance and cooperation it would not be possible......

Words: 9861 - Pages: 40

Premium Essay

Internship Report

...Credit Assessment Nguyen Xuan Phuong, Assistant Manager of Credit Assessment | Type of Internship | Credit - Finance and Banking | Institution name | Australia and New Zealand Banking Group Limited (ANZ) | TABLE OF CONTENTS Acknowledgement 4 Executive Summary 5 Chapter I: Company Profile A. ANZ Global 1. Overview 6 2. Achievements 6 B. ANZ Vietnam 1. Location in Ho Chi Minh City 8 2. Local Network 9 3. Website 9 4. History Background 9 5. Key Milestones 10 6. Shareholders 11 7. Achievements 11 8. Strategy: Blueprint for Success 13 9. Products and Services 9.1. Institutional – Commercial Banking 14 a. Institutional Banking 14 b. Commercial Banking 15 9.2. Retail Banking 15 10. Customers 17 11. Organizational Chart 17 12. ANZ Share Priorities 2014 18 Chapter II: Working Diaries 1. Internship Activities 19 2. Activities and the Role of Credit Assessment to ANZ 20 3. Performance of Credit Assessment – Personal Loan 21 Chapter III: Conclusion 1. Assessment of the Internship 22 2. References 23 Acknowledgement Firstly I would like to thank Mr. Nguyen Huynh Phuoc An for giving me the opportunity to take the internship at ANZ. For me it was a unique and bettering experience to be a part of the institution for 3 months. After the internship, I was able to get a whole new actual abstract and vision about banking business which was previously......

Words: 5706 - Pages: 23

Premium Essay

Ebsk Field Trip

... | |Name: | | |Admission Number: | | Customer Service Customer service is an integral part of any business establishment. It is about providing “Service” that more than meets the needs of the customer. In order for businesses to be successful, customer service must be an integral part of the overall business model. Your task: Visit a bank to simulate an enquiry about any retail banking service available and observe the service process. Please record your observations below. |Name of the Service Provider (Staff serving you and name of the bank) | |POSB, Ms. Razwani / Raswani | |Did you have any perception of the service provider (retail bank) before you experienced the service? Describe this perception. | |I always had this perception that POSB service staffs were quite unapproachable since they always display an expressionless face and | |seem like they were very bored and tired. | |Describe your service experience? (You may want to consider staff attentiveness; attention to......

Words: 629 - Pages: 3

Premium Essay

Assignment One Mountain Bank

...Mountain Bank Case Study Assignment One Aisha Peake HRM 530 Dr. Reeley Strayer University January 15, 2012 1. What competitive business strategy do you recommend for Mountain Bank? Retail banking is the branch of banking that includes checking and savings accounts. These are what most people associate with banking. Mountain Bank holds about 50 percent of the retail portion of the banking industry. According to recent studies conducted, Mountain Bank's tellers are an essential part of this success. This is mainly due to the fact that bank teller's are the only part of the banking system that the general public sees. For a banking customer, the experience with a teller can make or break the decision to switch banks. To ensure that they continue to hold such a large portion of the retail banking industry, Mountain Bank will need to develop a business-level competitive strategy. "Business level strategies detail actions taken to provide value to customers and gain a competitive advantage by exploiting core competencies in specific, individual product or service markets. Business-level strategy is concerned with a firm's position in an industry, relative to competitors" (Azriel, 1999). This strategy is favored over a corporate-level strategy because it will focus on how Mountain Bank will compete with other banks offering the same services. Of the two main business level strategies, the differentiation strategy is what Mountain Bank should implement....

Words: 1350 - Pages: 6

Premium Essay


...opportunities that make Comerica Bank so special. Make your next career choice a confident one. The Assistant Banking Center Manager is responsible for contributing to the overall success of a Retail Banking Center by 1) meeting or exceeding sales goals, 2) providing effective leadership, 3) achieving prescribed customer service levels and 4) executing operational management objectives. Position Competencies Successful incumbents possess integrity, are trustworthy, action oriented, well organized, have business acumen, focus on the customer, have high decision quality, direct others, have strong written communication skills, motivate others and promote problem resolution. Comerica Bank uses IBM Lotus Notes for database, calendaring and e-mail functions. Reporting Information/Location This Assistant Banking Center Manager (ABCM I) position is located at 2820 Gessner Road, Houston, TX 77080 and reports to the Banking Center Manager. Position Responsibilities 1. Sales Leadership a. Assist the Retail Banking Center Manager in providing direction and leadership to banking center employees with emphasis on achieving sales goals, remarkable customer service and team work. Assist Retail Banking Center Manager with coordinating sales strategies and sales meetings. b. Utilizing retail and business products and services knowledge; sell loans and deposit products to consumer and small business customers and prospects. c. Generate, maintain and service......

Words: 677 - Pages: 3

Premium Essay

Bpi Report

...Company Banco De Oro Unibank Inc. Philippine National Bank China Banking Corporation Metrobank Land Bank of the Philippines Rizal Commercial Banking Corporation Corporate Social Responsibility Aside from being BPI customers and sources of skilled workforce, communities are our partners in nation building. BPI Foundation, Inc., for more than three decades, serves as a catalyst in social development by focusing on areas of entrepreneurship and education, and environment. [pic] Entrepreneurship and Education Small and medium enterprises (SMEs) contribute 32% of the country’s gross domestic product, employ 70% of the workforce, and account for 97% of all registered businesses. To enable them to access financing, BPI Foundation provides learning sessions on financial and credit management through its “Show Me, Teach Me SME – Empowering Entrepreneurs” with the help of BPI, its thrift bank arm BPI Family Savings Bank and the Department of Trade and Industry. In 2008, learning sessions for 106 SMEs were conducted in the cities of Balanga, Koronadal, Tacloban and Bacolod. A total of 816 SMEs has benefited from this program since its inception four years ago. In 2008, these were attended by 169 participants from 60 MFIs, which should improve their delivery of services to...

Words: 916 - Pages: 4