Learn how to start an employment agency business.
If you are trying to start an employment agency business, then you have come to the right place. With unemployment consistently on the rise, an employment agency business can prove to be extremely profitable.
Many small towns do not offer ways to help people seek employment. This
in turn means if you are looking to start an employment agency business the
competition is most likely slim to none.
If you are looking for ways on how to start an employment agency business there are a few important steps that you need to take as a means to get your business off the ground.
Things You Will NeedBusiness Plan
Step 1Business plan - Before you apply for financing or open your doors you need to know how you are going to run the business. That includes everything from your marketing plan to your operational plan. Starting a temp agency will take a lot of work if you want to do it right.
Funding your business - Before you can begin to start your business you need to be able to fund your start-up business. Check with the local Small Business Administration for assistance in getting started. The organization does not loan out money to businesses, but they can help lead you in the right direction.
Pricing - It's a good idea to call around to other employment agencies before you start an employment agency business. This way you can find out what the going rates are for temporary labor. The key is to inquire about this information as if you are a potential customer not as the new competition.
Legalities of starting a temp agency - Contact your county clerk's office to make sure that you apply for all of the proper licenses and permits you will need. Speak to an insurance agent to make sure that you are fully insured for each employee. And talk to an attorney who has experience with how to start an employment agency business to make sure that you are setup legally.
Location - It's always a good idea to have a business in a high visibility area. This can save you money in advertising expenses. If you can't afford a full time space, look into leasing a part time office that is already equipped. This will help you cut down on expenses and give you a meeting spot for potential employees and clients. You can work out of your house until you are able to afford to open up a location.
Marketing an employment agency business - This will be included in your business plan but you need to think outside the box. When you start an employment agency business it's going to require a lot of groundwork to get started. You will need to be in sales mode 24/7 looking for potential clients. You can do everything from advertising in classifieds to cold calling local businesses. Get involved with your local chamber of commerce and any other business groups you can find.
Going into business for yourself during these hard economic times can
seem a little daunting at first. However, with determination you can start an employment agency business and
start reaping the rewards of owning your own business.
Make sure to learn as much as you can, I would recommend reading a book like, Start Your Own Business, to help get you going.