A staffing business plays a vital role in working with customers to understand their current and future hiring needs and develop a plan to manage their workforce. Employers turn to staffing businesses to save time, control hiring costs, and find the most qualified workers. Because the staffing industry is highly competitive, and owning a company involves risk, you need to determine whether you are equipped to handle all that starting a staffing business entails before deciding whether to move forward.
Use these tips to determine whether you want to start a staffing business.
Do You Like People?
The staffing industry is centered on people. You spend your time meeting and working with customers and prospects, interviewing and evaluating candidates, and guiding your internal team. You also expand and deepen your network on a daily basis in order to grow. Be sure to include us in your network.
Are You Entrepreneurial?
Success as the owner of a staffing business requires self-discipline. You must be a self-starter who decides what to do and when to do it. You also need to know whom to turn to for answers to questions and requests for help. We can be your trusted resource for ongoing support.
How Much Do You Know About Staffing and Recruiting?
It is in your best interest to have experience in hiring, staffing, recruiting, or HR. Otherwise, you will need a substantial amount of time to get up to speed in these areas. The niche you decide to work in depends on where you have the highest level of knowledge and experience. Because staffing in different industries significantly varies, you need to know the ins and outs of the field you work in. We can help.
Can You Secure the Necessary Funding?
Establishing a staffing business takes a significant amount of capital. We offer full-service funding that includes 100% payroll funding, payroll processing, billing, credit and collections, and payroll tax filing.
Do You Have Access to Staffing Technology?
Starting a staffing business requires staffing technology. We offer Madison Cloud Solutions, cutting-edge technology built and supported in-house that lets you focus on driving sales and increasing profitability.
Who Will Handle Your Back Office?
As the owner of a staffing startup, you need to focus on core activities that generate revenue and leave the rest to your team. Our complete back-office support gives you more time to increase sales, recruit talent, and serve customers better.
Where Will You Gain Expert Advice?
When you establish a staffing business, you need support from experts in the industry. With over 25 years of experience, we share our staffing business knowledge and performance analytics tools to help your startup grow.
Download Madison Resources’ Free E-Book
Let us help you decide whether a staffing startup is right for you. Our guide will help you build a business plan, learn how to secure funding to ensure cash flow, access back-office support, and build a profitable business. Download our free e-book today.