A good staffing agency business plan should include an executive summary, a market analysis, a description of the management of the business and financial details. A good business plan helps to focus on profitable actions, set goals and attract business loans, investors and partners.Continue Reading
The executive summary section of the business plan includes a business history and mission statement. This section gives a brief description of the staffing agency, including the number of employees and the facility where the agency conducts its business. This section should also include details of what the staffing agency hopes to achieve in the next 12 months, such as a target number of job seekers successfully matched with employers.
The market analysis should describe a target demographic for the staffing agency. Potential clients may include recently unemployed people or mothers returning to work. The business plan should also analyze the competition and describe what the business has to offer that is different from existing businesses. This may include catering to a niche group or offering additional services, such providing clients with resources for successful job interviews.
A good business plan should describe who is responsible for the day-to-day running of the staffing service. This includes other management personnel and partners and how their experiences, skills, certifications and education relate to running a profitable and superior employment service.
Lastly, a good business plan for a staffing agency includes financial details such as projected earnings and anticipated expenses over the next 12 months, and accounts for business assets such as equipment and liabilities such as loans.Learn more about Managing a Business