Your temporary staffing company business plan
recognizes a truism in business: when the economy is down, don't hire.
Rent. By renting out employees, you can take full advantage of any
economic climate.
KEY CONSIDERATION
Few companies prosper in economic
downturns. But a startup company in the contract employee business is
hitting it just right as the country begins an economic downturn.
Employees will actually welcome your services, knowing they will have a hard
time getting hired as a regular employee. And companies will truly
welcome you when you can provide temporary workers to fill their needs.
STRONGEST ADVANTAGE
Judging by the layoffs that have already
occurred, you will have a strong pool of job candidates to choose
from. Couple that with the fact that virtually all companies are going
to leery of hiring regular employees, and you've got your niche.
STRONGEST DISADVANTAGE
Because this is a nearly recession-proof
business, you are liable to get pretty strong competition. The large
existing temporary staffing company business plans no doubt take economic
times into account. They have holding power that you can only dream
of.
OVERCOMING THE DISADVANTAGE WITH YOUR
TEMPORARY STAFFING BUSINESS PLAN
Prove that you have the experience to make the
business successful.
If you have worked in a managerial capacity
in a contract employee company, great. If you have been a personnel
manager charged with hiring lots of contract workers, great. If you
have previously run a successful small business, great.
Two out of three of the above
qualifications place you in contention. But if you have none of that
experience, you will likely run into trouble looking for financing.
Remember, the temporary staffing company
business plan must demonstrate your knowledge of the laws and regulations
pertinent to your business in your state, and each state is different.
Prove that you have the marketing background and skill to make the
business successful.
Who will your clients be?
Employees? Not by a long shot. It's the hiring managers who will
pay your bills -- they are your clients. How many hiring managers do
you personally know who will use your service? They are your lifeline.
Knowing "unemployed" people is
not important. A few good ads in your local paper will bring in
droves.
But you've got to know the hiring managers,
and you've got to know how to market to them.
OTHER PLUSSES IN YOUR
TEMPORARY STAFFING COMPANY BUSINESS PLAN
The quality of your customer's credit
will be every bit as important as the quality of your credit. If
your clients don't pay your bills, you're up a creek without a
paddle. Whenever you have strong clients, really play it up.
Put someone from that company on your Advisory Board if possible.
Get a letter of recommendation if you can.
In fact, having strong customers can
surpass moderate faults in your own background.
FOR ADDITIONAL INFORMATION
FOR YOUR TEMPORARY STAFFING COMPANY BUSINESS PLAN AND YOUR TEMPORARY
STAFFING MARKETING PLAN
Watch the business demographics in
your area. What industries does your area attract? How strong
are they? How likely are they to survive an economic down
turn? Your local Chamber of Commerce and your local Planning
Department can provide a lot of data for your use. Also, talk with
staffing managers directly and ask them if you can include their comments
in your temporary staffing company business plan.
For marketing information on the
staffing industry, go to BizMiner.
At the home page, look for the Search Box. Enter "Employment" in the
Search Box. You will have the choice of a number of
different types of employment agencies to choose from:
- Employment Agencies
- Labor contractors
- Employment agencies,
motion picture
- Employment agency:
theatrical, radio and television
- Community service
employment training
You will have both a Financial Analysis report and a Marketing Research
report for each type of employment agency.
Be sure to look in the left hand column
of that
page for VIEW ALL REPORTS, then DEMOGRAPHIC INFORMATION for your area compiled from US Census
statistics.
YOUR LIKELY
LENDER/INVESTOR
The SBA
is a strong lender in the employment agency field.
If, however, you are serving a strong
industry niche, don't discount the possibility that the companies who will
be your clients will help you get into business. Don't laugh -- they
would have a very vested interest in your success!
YOUR ONLINE
PRESENCE
You will need an online
presence, both for your clients and for your employees. To generate
the most traffic possible to your site, I recommend SiteBuildIt,
the company that serves this website.
ONE STEP
FURTHER IN YOUR FREE SAMPLE CLOTHING STORE BUSINESS PLAN
 |
The 7-Step Business
Plan: For under $45 get a
top notch temporary staffing company business plan template. Over
100 pages with everything you need to start your staffing agency.
It is because it is so good that we
recommend it. Click on the book cover for
additional information.
|
THE LAST
WORD ON YOUR FREE SAMPLE CLOTHING STORE BUSINESS PLAN
There are so many areas you
can focus on -- medical, construction, biotech, administrative staff,
accounting. Choose your niche, focus it well, and target your
clients. This could be the best move you ever make.
.
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Temporary Staffing Company Business Plan
