1. Define Your Business Model: Determine the type of staffing company you will run, such as temporary placement, contract staffing, executive search or permanent placement services. This decision should be based on your industry experience and knowledge of the labor market in your area.
2. Establish Your Brand: Develop a brand image and strategy to differentiate your staffing company from other players in the industry. This includes designing a logo, website, business cards, marketing materials and social media accounts.
3. Secure Financing: Assemble the needed capital to start your business through personal savings or potential sources of financing such as a Small Business Administration loan, business credit cards and venture capital.
4. Obtain Necessary Licenses: Depending on the type of staffing services you are offering and your state’s regulations, you may need to file for certification or licensing from appropriate authorities in order to operate legally.
5. Establish an Office Space: Select a convenient and affordable office space to meet with clients, interview potential candidates and serve as your company’s headquarters.
6. Recruit Talent: Develop an effective recruitment strategy to attract qualified professionals in the field you specialize in. This could involve posting job openings online, attending networking events, utilizing staffing agencies and leveraging employee referrals.
7. Set Up Accounting and Payroll: Establish a basic accounting system to track your business’ finances, from client invoices to payroll expenses. You will also need to setup pay structures for employees that are competitive in the industry.
8. Buy Necessary Equipment: Invest in the necessary office tools and equipment such as computers, phones, printers and office furniture.
9. Market Your Services: Invest in targeted marketing campaigns to promote your services to potential customers and job candidates in the industry. This could involve placing print or online ads, participating in trade shows and building a referral network of related businesses.
10. Develop Client Relationships: Cultivate a strong customer base by providing excellent service, being reliable and building relationships with key decision-makers in the staffing industry.