9:34 PM
Lanee' Blunt
By
Lanee’ Blunt
A
staffing company sets up temporary workers with employers. Staffing companies will supply clients with
short term workers to fill positions of absent employees or to help supplement
existing staff. It can be a profitable business and started with a reasonable
initial investment. Most entrepreneurs that want to start their own companies
have some experience in the staffing industry, as workers for other agencies,
managers, recruiters or sales backgrounds.
Determine
Legal Ownership
You
must set up your business as a legal entity. Decide which form of ownership is
best for your particular business: sole proprietorship, partnership, Limited
Liability Company (LLC), corporation, or S corporation.
Business
Plan
Write
a business plan that will define your goals, include how you will finance your
company, where you will be located, and how you plan to market your business. Your
company will pay your employees and then get paid from the business customers
that you have provided the employees for. You will need contracts written for
your company between you and your clients. You will also need the business plan
if you are looking to get a business loan.
Talk
to an insurance agency. The minimum insurance that you will need will be for
general liability, workers’ comp., and profession liability insurance. Contact your state's Insurance Fund for your
Workers Comp. policy.
Advertise
Cold
call corporations, small businesses, and other industries if you are starting
your business without referrals. Send direct mail to a qualified mailing list.
Join social network sites such as Twitter, Linkedin, Facebook and Google+.
Spend every day recruiting, interviewing, and cataloging individuals looking
for temporary work.
Business
Ideas: How to Start a Staffing Business; Clay Collins
Venture
Street: 10 Tips for Starting a Successful Staffing Agency; Dale Busbee
Posted in: Start Up
