The rest will be obtained through loans. The company does not have any direct cost of sales; we track payments to placed individuals as regular payroll. Several businesses in Portland, Oregon provide a similar service to specific groups of people.
Strategic Analysis with current research! The Employment Agency, Inc. The Company was founded in by John Doe. The Company will place these people among a number of different sized businesses within the target market.
The business is in a good position to capitalize on the fact that many major corporations and medium sized businesses are now outsourcing their sales recruitment and human resources to third parties.
The third section of the business plan will further describe the services offered by the Employment Agency.
The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the human resources industry.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals and businesses that are currently hiring within the target market.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Employment Agency.
Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. Within the target market there are a number of businesses that operate among a number of industries that have a continued demand for new hires.
The Company will accomplish its permanent and temporary candidate placement by contracting small and medium sized businesses to act as their outsourced staff recruitment and temporary employment management department.
The business will also provide temporary employment services, which will provide the Company with a recurring stream of income from job candidates that are placed in temporarily needed positions.
The business will collect payments from companies that hire Employment Agency candidates. The Employment Agency will then pay the temporary employee directly rather than having the business client directly pay the staff member.
This is an extremely important revenue stream for the business as it will generate recurring streams of high margin revenue on a monthly basis. The Employment Agency will also provide generalized training services which may include software familiarity Microsoft products, QuickBooks, etc.
Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.
This is primarily due to the fact that these companies can quickly screen a potential job pool for the best and most qualified applicants available.
The annualized growth rate over the last five years for firms entering this market has been 2. The key to writing a strong competitive analysis is that you do your research on the local competition.
Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of the business.
Doe intends on using a number of marketing strategies that will allow the Employment Agency to easily target job seekers and companies seeking to hire new employees within the target market. These strategies include traditional print advertisements and ads placed on search engines on the Internet.
The Employment Agency will also use an internet based strategy. This is very important as many people seeking local services, such as temporary and full time employment agencies, now the Internet to conduct their preliminary searches.
Doe will register the Employment Agency with online portals so that potential job candidates and companies seeking to hire employees can easily reach the business.
The Company will also develop its own online website showcasing available positions and contact information for the Company.
You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically.Your three word Recruitment Agency Business Plan.
Word 1: Make Word 2: A Word 3: Placement. Yep, you guessed it – your recruitment agency business plan has to be three words long and must be based upon a cast ironed certainty that you will Make A Placement.
There is no great mystery, no secret formulae and no short cut. A Sample Staffing Agency Business Plan Template. Industry Overview; It is on record that the staffing, recruiting, and workforce solutions industry makes a huge contribution to the economy of the Unite States of America, and they provide jobs and career opportunities for about 14 million employees annually.
A start up recruitment business plan doesn’t need to be super sophisticated. However what you do need is a well thought through plan so you can build solid foundations for growth, remove as much risk as possible and allow you once you go live to concentrate on the exciting bit, BILLING, rather than working things out as you go along.
Recruitment Consultancy Business Plan The estimated market growth for traditional and online recruiting businesses over the next three years is %. If you're starting up or expanding your recruitment business, then this professional business plan will help you achieve your objectives.
Starting a Recruitment Agency – Sample Business Plan Template. 1. Choose a niche. It is important to decide on the type of recruitment agency you would like to start and the industry you want to serve.
The Employment Agency is a recruitment firm that seeks to help people (of all business disciplines and career levels) find jobs/careers.
The Company will place these people among a number of different sized businesses within the target market.