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5 Points to Cover in Your Staffing Agency Business Plan
Your staffing agency business plan is your blueprint for success, whether you are starting a staffing agency or planning for expansion. Not sure where to start? Here are the five key points to cover when creating your staffing agency business plan. Write your elevator speech. You should be able to describe your new company to your…
Read MoreHow to Reduce the Burden of Workers’ Compensation for Staffing Agencies
By: Ed Burr, Director of Client Growth and Strategy Ed is a dedicated growth strategist with 20 years of experience in staffing and operations. He combines a passion for building client connections with a proven ability to develop impactful solutions that overcome challenges. Workers’ compensation for staffing agencies is an absolute necessity. It protects temporary…
Read More3 Things to Do Before Opening an Office in a New Market
There may come a point in the life of your business that the prospects of growth, at least significant growth, in your home market are slim. When that happens, you may start exploring adding another office in a new market. By establishing a presence in a new geographic area, you can take advantage of previously…
Read MoreHow to Start a Temp Staffing Agency in 6 Steps
Creating your own business may seem daunting, but staying organized and focused is key. Follow our six steps on how to start a staffing agency and you’ll be well positioned for future success. 1. Gain Staffing Industry Experience Too many people try to start their own company with little to no experience in the…
Read MoreHow to Price Your Staffing Services
Setting the prices for your staffing firm’s services can be tricky. Some of the costs that you need to cover are obvious — the pay rate of the worker, employer taxes (FICA, Medicare, SUTA, and FUTA), workers compensation, any benefits that are paid, plus overhead. But determining the remainder of the markup is difficult, especially…
Read MoreChoosing the Right Path: Types of Business Structure for Staffing Agencies
The type of business structure for your staffing agency isn’t just a legal formality; it’s a decision that shapes the future of your business. It impacts your personal liability, tax obligations, funding potential, and even day-to-day operations. Make this choice carefully to set your agency up for long-term success. As someone who’s built a career…
Read MoreSigns That It Might Be Time to Find a New Payroll Funding Company
Given the importance of a payroll funding company to the continuity of your staffing firm, it’s critical to take the time to review the relationship and look for warning signs that your provider might be underperforming. When reviewing your payroll funding partner, consider whether full-service or money-only best serves your business. In addition to advancing…
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