Today's Top TipOnline business plan scams are alive and doing very well. There's even a new wrinkle: the "crowd funding". Trust me, no one makes money but the promoters in this scheme.
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Which Temporary Agencies Might Use The 7 Step Temp Agency Business Plan?
Well, there are literally thousands. Some big. Some small. Some in large building downtown. Some in small offices in an industrial park. Temporary staffing agencies seem to flourish when they are services specific segments of the business market, such as the biotech industry, trade show workers, legal assistants and CPAs, and just about any other kind of industry or business that you can think of. They succeed because they can provide real people on short notice. Since these temporary staffers often cost companies less than regular employees, this model isn't likely to go away soon.
And therein lies the the real strength of your temp agency business plan: Your services will be in demand for the foreseeable future.
"Marketing Plan" is the operative word here.
When those companies are themselves strong companies, you can build an exceptional business plan. When the companies are weak, it will be a lot tougher.
So, first do some background work on your clients. Get credit reports on them and find out just what kind of state they are in. Are they using your services because they don't have the money on hand to pay regular employees? (It is better to find out now than later.) Or are these companies truly growing, needing more help than they can find themselves.
Addressing this one issue will place your temporary staffing company business plan head and shoulders above the others.
We assume that you know your business. You know the licensing requirements for your state. You follow state and federal regulations. That is all a given. (If, by the way, you don't know all of that, find out. Now.)
What is not a given is the quality of your client base.
When you are looking for funding, it is your client base that
will get you there.
There are a million different kinds of temp agency businesses -- some large, some small, some with high hopes. Whatever your style, there are three things that you will need to get your temp agency business plan in shape for financing:
| Your workbook
|Your business plan template|
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