Bonham Pawn Development Strategy

Our economy has kept on a sustainable development for a long time, which make it possible for the small business enterprises to get a booming in the meantime, however the financial services which match the small business enterprises is almost a blank, the pawn business merges under this circumstance. In recent years pawn service business has developed very quickly, especially after the new《Pawn Management Regulation》set in 2005 ,which make the operation scope of the pawn company got further extension and market become more and more bigger. At the same time, this business is just beginning and face no fierce competition, the related laws is still not very sound, social public is not quite familiar with it,which make the profession is still in an infant period.Peking's Baoheng pawn limited company is established in the end of 2005 through reorganization. This paper is an empirical study on how to operate firm, look for a fixed position in the new profession environment, make development strategy for the new established company.After the analysis and comparison between domestic and international pawn profession, and carrying on swot analysis to the business enterprise, this study shows that pawn company with good management can gain higher profits, however because capital is pron to make more profits and the same kinds enterprise have increased quickly in recent years, the competition will become more and more fierce gradually.however, pawn service belongs to the quasi-financial service that China Banking Regulatory Commission takes charge of and the government will not release the control completely, so in the following years, the pawn service is still difficult to get inand is easy to be out of, it don't belong to the "complete competition", the competition would not attain the degree of fierce competition. Baoheng pawn limited company should start to build up modern management system from board of directors to basic level, hold a tight risk control, update products, and gain finance appropriately, the business enterprise could develop very well.