Control & Monitoring system is very important for all businesses, and to avoid the wrong doings/temptations/connivances in a company most specially for a money lending business, Hire an expert from outside company..

MIMPSS is Offering Other Services such as:

Auditing Services: (On a Monthly Retainer fee/Per visit)

Audit on all pledges

– Audit Cash Flow

* Books of account (Extended/Paid & Auction Sale)
* Expenses
* Additional Capital
Audit on Inventory
* Vault Inventory
* Display Inventory
Package for General Audit
Training on Jewelry Appraising is also very crucial, not only Appraisers skill should be equiped with the necessary skills and expertise but also the auditors, and managers as well. In as company, every staff should have a sense of Responsibility, Accuracy, Trust and Confidence and your investment is assured to get better returns..
Business Licensure for Single Proprietorship
– BSP Application for New Pawnshop/Branching
* Package*
DTI Reg., Brgy. Clearance, Mayors Permit, BIR Registration & submission of
requirements to BSP office.
* Assistance for submission of application to the BSP
Business Closure
* To the City Municipality
* Cancellation of the DTI Registration
Compilation of all the requirements to be provided for by clients.
All payments such as taxes/licenses/doc stamps/notarial fees & representation expenses will be provided for by the client.
Auditing for provincials by arrangement

An Interview with Jerry Whitehead

MIM Pawnshop Skills and Services recently had the opportunity to have an interview by email with Jerry Whitehead, a consultant with the Pawnshop Consulting Group.

Since the late 80’s, Jerry Whitehead has been working a large network of people and service providers through various state and national pawn associations and working professional relationships. This extensive network base has allowed for the development of the Pawnshop Consulting group.

The group includes a number of highly recognized industry and financial professionals. Some of these include financial, operational, information systems specialists and others providing a wide array of systems and services. Over these years the group has been providing a wide range of consulting services and needs to a number of institutional types and investment bankers along with single and multi-store operators, both private and public nationally and internationally, in many different markets and countries on multiple levels.

To date the group, and Mr. Whitehead, have been responsible for the acquisition or sale of more than 200 Pawnshops in the past 25 years and currently assist hundreds of clients in 28 countries and in some 25 states in the United States.

MIM: What do see for the growth of the pawnshop industry globally?

JW: With the current economic downturn that is going on globally, I see further recession worldwide and further erosion of conventional banking systems. This should spell opportunity for the pawn industry globally. We are seeing a lot of growth activity by the US based public companies and a lot of growth by other international groups, especially in Mexico and in Latin America.

MIM: What is the prospect for the growth of online pawnshops? I’m wondering if the pawner feels comfortable to send a hard asset off to someone they have never met, and will likely never meet, and get a fair deal.

JW: EBay has proven people are comfortable with shipping goods and e-money around the world. I have a client who has opened an online business, Internet Pawn, and so far so good. I contend this will be a hard space to define and do agree it will be challenging to move, evaluate, and lend on goods via online.

MIM: Will the rise in precious metal prices have any effect on the pawn industry?

JW: Yes. Metals prices will affect us in a good way. As the world becomes more disillusioned with currencies, and as more central banks stock pile gold, we will see this precious metal continue to rise. We should see $1,500 dollars per ounce by year end, and $5,000 an ounce in the next 3 – 5 years. In my opinion, it should be a win-win scenario for all of us in this industry.

Jerry Whitehead can be reached at: jerry@pawnshopconsultinggroup.com



MIM Pawnshop Skills and Services consulting can make a difference in your pawnshop operations

Through my many years in the pawnshop industry I have been employed at every level of the industry. I have managed inventory, performed appraisals and approved transactions large and small. I am familiar with pawnshop regulation compliance, pawnshop security, pawnshop auctions (I am a certified as a pawnshop auctioneer by the BSP) and pawnshop accounting techniques. It is through this lifelong learning in the pawnshop industry that I am able to offer my services as a pawnshop consultant to those just beginning in the industry or to already established pawnshops. I do this as another aspect of MIM Pawnshop Skills and Services.

To gain a better picture of just what kind of consulting MIM Pawnshop Skills and Services has to offer it is probably best to describe what a consult does. A consultant is usually a person brought in from outside the organization to help solve a problem. A consultant offers insight, advice and experienced based strategies that can help an organization more effectively reach its goals by solving problems.  The goal of my consulting is to solve problems and bring more money to the bottom line of a business.

As a consultant I can provide advice about an aspect of the business to make the organization more effective. For instance, as a consultant to an established pawnshop I can analyze their current strategies and make suggestions for improvements. These suggestions might be to provide more staff training, better accounting methods or more security precautions.

Consulting by MIM Pawnshop Skills and Services can help by offering a set of skills or services that compliment the already established procedures within an established organization.  Or, if opening  a new pawnshop is your goal MIM Pawnshop Skills and Services can help by offering strategies to get you started.

Among the areas of expertise that MIM Pawnshop Skills and Services consulting can help you with are:

1.   Pawnshop Business Management

  • Strategic measures
  • Pawnshop malpractices
  • Pawnshop policies
  • Supervision
  • Physical inventory
  • System on auction sale
  • Accounting system
  • Public relations

2.   Pawnshop Operations

  • BSP registration requirements for new pawnshops.
  • BSP rules and regulations
  • Legal aspects
  • Standard operating procedures ( SOP )
  • Bookkeeping
  • Location
  • Security

If you are in need of experienced pawnshop consulting contact MIM Pawnshop Skills and services. I am here to help you.