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I & J Business Management Consulting Profile
I & J Pawnshop Business Management Consulting (formerly MIMPSS) were formed in 2004 and is a sole proprietorship that is owned and managed by Maria Isabel S. Mendoza.
We provide multiple levels of training and support that are all pawn specific and apply specifically to high-level operations of pawnshops.
Isabel Mendoza has a degree in Accountancy from Jose Rizal College and has acquired the knowledge, skills and experience of running and operating pawnshops under the tutelage of her father – Mr. Domingo R. Salvador , Sr.
Mr. Salvador was one of the Gemology pioneers in the Philippines. From the early 70’s Ms. Mendoza has continually improved and developed her skills and expertise in pawnshop operations, business management, gold and diamond appraisals and other fields relevant to the day to day operations of the pawn business. Ms. Mendoza is a licensed auctioneer and pawnshop consultant and desires to share herknowledge and skills to all interested parties to inform and improve the industry throughout the world today and make us all more competitive and aggressive.
” YOUR INVESTMENT IS ASSURED WITH BETTER RETURNS “
CORE VALUES AND STRENGTH
– Sense of Responsibility
– Precision and Accuracy
– Trust and confidence
To equip entrepreneurs in the pawnshop Industry with the necessary tools, skills and expertise to improve their probabilities of success with returns on their investments
We have a comprehensive training program that covers the following aspects of pawn operations:
* Pawnshop Operations – Day to day operational training systems and techniques
* Pawnshop Management Training – high level managerial training programs for the ongoing day to day aspects of operating stores
* Gold Appraising and Evaluating techniques – programs include all aspects of properly identifying gold content and purity as well as how to evaluate goods presented to lend, purchase or resell the goods
* Diamond Appraising and Evaluating Techniques – programs which would include all aspects of properly testing, describing and evaluating diamonds for lending, selling or reselling in our market places
* General Merchandise Evaluation Techniques – programs that will describe proper techniques to test and evaluate a wide range of consumer electronics and other types of products that are widely accepted in our operations today globally.
In our pawnshop operational course we will instruct on how to register and apply for your new pawnshop license and other required by the BSP our governing agency along with the complete guidelines and checklist of requirements you will have to have to apply for your license(s). This comprehensive course all covers all of the rules and regulations and the legal aspects of obtaining and retaining your licenses to conduct business in the Philippines.
Our comprehensive operational systems training includes developing and setting up your own operational system (SOP), the associated security measures which is very important to maintain the integrity in the operations and personnel, strategies as to interest rates or pawn convenience fees that we can charge, loan to value ratios for goods presented as well as strategies on how to sell foreclosed items or forfeited items from your client base.
We will assist on how to develop your appraising areas and general setups and configurations for your stores as well. Proper record keeping and or bookkeeping is also an area that will be covered in our general management training programs. We provide comprehensive training in these areas as the BSP or our regulatory agency requires that all pawnshop keep detailed records that includes up to 6 sets of books of client accounts and activity and all daily transactions. This is one of the most important aspects of what we train on and is comprised of more than 30 years of our active experiences owning, running and operating pawnshops in the Philippines.
In the comprehensive pawnshop management course, we will discuss all aspects about the contract processes for the staff and appraisers, vault personnel, cashiers as well as trainees. Proper implementations of pawnshop policies are also important to maintain the integrity of your growing pawn business as well. Comprehensive monitoring and control systems on the part of employees, proper techniques to keep the books of records or accounts up to date of your outstanding loans, physical inventory, cash flow and much more.
Increasingly in our environment today, internal theft and mal-practice is very rampant in our industry usually due to lack of skills in how to properly manage, account for and audit stores, transactions and personnel.
In our industry properly appraising and qualifying of goods and customers is extremely critical. Training is an absolute must. I & J’s will instruct and teach every aspect of testing gold and diamond jewelry and a wide range of consumer electronics and more.
I & J’s Mission and Vision statement is “to equip entrepreneurs in the pawnshop industry the necessary equipment, skills and expertise that assist your investments to get better returns.”
Outline for our comprehensive training programs are as follows:
I. PAWNSHOP OPERATION (10:00 AM – 5:00 PM)
Consume (3) days to complete
– BSP registration requirements for
– Legal aspects
– Standard operating procedures ( SOP )
II. PAWNSHOP BUSINESS MANAGEMENT (10:00 AM – 5:00 PM)
Consume (1 day) to complete
– Strategic Measures
– Pawnshop Policies
– Pawnshop Malpractices
– Audit & Inventory Procedures
– Physical Inventory
– Systems on Auction Sale
III. GOLD APPRAISAL (10:00 AM – 5:00 PM)
Consume (1) day to complete training course.
– Proper techniques for utilization of the Tools & equipment
– Distinguish the different KARAT fineness in gold
– Theory and Procedure in testing gold metal if “Genuine” or “Fake”
– Procedure in appraising/evaluating gold (loan value/selling price)
– Computation of gold rate per karat per gram (loan value/selling price)
– Proper techniques for utilization of the Tools & equipment
IV. DIAMOND APPRAISAL (10:00 AM – 3:00 PM)
– The 4 C’s of a diamond
– Parts of a round cut diamond
– Procedure in testing diamond
– Procedure in appraising diamond
– Advance training on how to properly calculate approximate values of diamonds
(loan value/market value)
IV. GADGET APPRAISAL (10:00AM – 3:00PM)
- Why Gadgets?
- What are the Risks in accepting Gadgets?
- How fast is the ROI?
- How to test and distinguish clone phones to genuine ones.
- Commonly pawned Gadgets.
- General tips.
- Proper storage.
- Pricing and Marketing strategies.
L I V I N G T E S T I M O N I E S
Existing Pawnshops who were trained at us:
1.) Maria Gracia Pawnshop with over 150 branches nationwide
2.) JPA Pawnshop – 12 branches in Tarlac City
3.) De Leon Pawnshop – 38 branches Visayas, Mindanao
4.) SMSP Pawnshop (Calamba Laguna
5.) JS Pawnshop – 4 branches in Sucat
6.) Belle Pawnshop (Roxas City)
7.) Mark Anthony Pawnshop (Bicol)
8.) LGRS Pawnshop (Bataan)
9.) Danielle’s Pawnshop (Taguig)
10.) Rural Bank in Pozorrrubio, Pangasinan
11.) Metro Gold Pawnshop (Bagumbayan, Quezon City)
12.) Christine Grace Pawnshop and Jewelry (Iloilo City)
13.) Y&B Pawnshop (Cebu City)
14.) Elite Pawnshop (Metro Walk Pasig)
15.) 24K Pawnshop (Branches in Tuguegarao, Cagayan City)
16.) Golden Sun Pawnshop in Masbateñ
17.) Rueve Pawnshop and Jewelry in New Manila
18.) Rural Bank Labason, Inc. (Zamboanga Del Norte)
19.) Rural Bank of Luisiana, Laguna
20.) Pawnstar Pawnshop. (San Fernando Pampanga)
21.) PCG Pawnshop (Evangelsta makati Manila)
22.) First Fort Knox Pawnshop (Zapote Las Piñas)
23.) REO Pawnshop. (Zapote Las Piñas)
24.) HTR Pawnshop (pampanga)
25.) L & C Pawnshop. (kalibo Aklan)
26.) Divriel Pawnshop (Bohol)
27.) C4 Pawnshop. ( Digos, Davao)
28.) Sofia Pawnshop. (Isabela)
29.) Quick Loan Pawnshop ( Branches in Quezon Provinces)
30.) Zamboanga Del Norte Cooperative Bank, Inc. (Branches in Zamboanga Del Norte)
31.) Rural Bank of Canlubang, Inc. “Planbank”
32.) Magnetic Pawnshop (Samar)
33.) Lucban Pahiyas Pawnshop (Lucban Quezon)
34.) Erus Maerd Pawnshop (Resorts World)
35.) GPRS Pawnshop (Marikina)
36.) ACME Pawnshop, Inc. (Branches in Makati City)
37.) ACME Jewelry, Inc. (Branches in Makati)
38.) Cantilan Bank, Inc. (Branches in Surigao Del Norte)
39.) Channel of Gold Pawnshop (Branches in Pampanga)
40.) Sta Monica Pawnshop (Branches in Pampanga)
41.) BHF Pawnshop and Jewelry Store (Branches in Dagupan, Pangasinan)
42.) CBE Estrada Pawnshop (Branches in Pangasinan)
43.) PATECI Lending Investor ( Northern Samar)
44.) Sawasde Pawnshop (Surigao City)
45.) GPP Pawnshop (Quezon City)
46.) RL Pawnshop (Antipolo Rizal)
47.) DivineBelle’s Pawnshop (Santiago Isabela)
48.) Gold Mine Pawnshop (Santiago Isabela)
49.) MCKaye Pawnshop (Morong Rizal)
50.) GemWorld Pawnshop and Jewelry (Iloilo City)
51.) Rural Bank of Oroquieta
52.) JPT Tambunting Pawnshop (Makati)
53.) Veterans Pawnshop, Inc. (Makati)
54.) Meycauayan Second Rural Bank, Inc. (Meycauayan Bulacan)
55.) SISBI Pawnshop (Paranaque)
56.) BHF Pawnshop (Dagupan Group)
57.) Tambunting Pawnshop Group (Makati City)
58.) 700 Pilars Pawnshop (Evangelista Makati)
59.) My Citi Pawnshop (Grand Central Residences, Cityland )
60.) Sun Gate Pawnshop, Inc. (Zamboanga City)
61.) Citizens Bank Inc. Nueva Ecija
62.) Our Lady of La Salette
63.) RBG Enterprises (Negros Occidental)
64.) Odriel Pawnshop (Valenzuela Bulacan)
65.) Rex Express Pay and Pawnshop (Isabela)
66.) Universal Pawnshop
67.) Rose Pawnshop (Davao City)
68.) Pazalonia Pawnshop, Inc. (Lucena City)
69.) Lucky Dragon Pawnshop (Cabanatuan City)
70.) Garcia Pawnshop (Cavite City)
71.) Gold Oar Pawnshop
72.) JPX Pawnshop (Marikina, Antipolo, Masinag and Cainta)
73.) Jaro Pawnshop (69 branches nationwide)
74.) LAJ Jaro Pawnshop (23 branches)
75.) CVM Pawnshop and Money Changer Corp. (103 branches nationwide)
76.) PTS Gadget Pawnshop (Manila)
77.) GPP Pawnshop
78. Rural Bank of Cuenca, Inc.
And a lot more who took courses on gold and diamond and are now engaged in buying and selling of gold jewelry.