How much money does it really take to start your own staffing agency?
I have known some that have started with less than $10,000. I have also seen other companies have deep, deep pocket and begin With over $250,000. Depending on your goals and your particular Niche will determine how much money you need to start your business.
I can say for certain that I am a living testament of starting my own medical staffing agency with less than $2,000. I had my own office, I had my own computer, I had my own toll free number, I had a corporate mailing address, I even had my own marketing material.
I was able to do payroll and I was able to find contracts with less than $2,000 of startup capital. Nothing, and I mean nothing was left to chance. I had a limited budget and I was able to get the business.
The kind of services I offered was radiology staffing at first. I wanted To move into nursing staffing and then respiratory staffing, but was only limited by time and not so much money.
I first secured my business license by checking online for name I wanted to use. Making sure your business domain name is available will prevent any future headaches. Once I secured my business domain name I paid for my business name in the city. ($150.00)
I opened my bank account and ordered some simple checks, nothing fancy, I just wanted to make sure I had a way to pay for whatever comes up with my business. ($25.00)
I then went online and found an online toll free service, this service was able to be linked with my email account. Anytime someone called, the message was routed to my email account. It became a virtual office that allowed me to look larger than I really was. ($30.00)
I then secured a “Suite”, more like a P.O.Box. I used the UPS Store, I am not promoting this company but felt they provided what I needed at the time. ($50.00)
I used a free online resource to grab some free business cards. I was given 500 cards for the price of shipping and handling. The business cards where simple, but they did the job. ($5.00)
I also managed to secure my liability insurance as well as workman’s comp. There are a few tricks of the trade to manage this cost, but for the most part it was affordable. ($300)
I wanted to keep it simple and simple is what I did. I used my existing excel spreadsheet to keep tracks of my clients and staff. It was not hard at first being that I was small. My idea was that as I grew and made money, I then would be able to use funds from the business to continue to grow and acquire things I needed.
My first action to acquire my first contract was so simple, yet I actually Make money today teaching people my finding clients techniques. It was so easy that nobody saw me coming. Not literally, but metaphorically.
You are waiting to find out what I actually did, well, I cant share all my secrets in this short article, but what I can say is confidence played a huge role in me getting contracts quickly with virtually no marketing budget.