The temporary staffing business plan is a standard document that is traditionally used by a staffing agency to obtain capital for expanded operations. In a pure start-up, it is important that you identify the costs of getting the business underway and assess the competitive comparables in the market for information about your own likely success. An existing business, however, should compile its past performance data (profit and loss statements and balance sheets) for 2-3 trailing years in order to arrive at a snapshot of "success to date;" this is a great introduction for a plan that aims to raise expansion capital. Also discuss your business operations and the intended allocation of new money. Cover:
• The expansion plan and your new market targets
• Specific potential clients or new accounts, if applicable
• The way you attract talent
• The methods you use to assess talent and place candidates
• The success rate of your placements to date
The pro forma financial model in the temporary staffing business plan should show three years of projected revenues from the business and the corresponding expenses post-infusion. (A model that shows five years is customary for investors, as this is required to show a proper ROI and to make an investor proposition for your business plan.) Temporary staffing is a market that is impacted greatly by fluctuations (positive and negative) in the greater economy, so don't skimp on relevant market data to help make the case for expanded operations. The team of market analysts at Portland, Oregon-based MasterPlans.com can take over the research for you, or help you model the plan's pro forma. Call us today to learn more about this service—the consultation is free, and so is the call: (877) 453-2011.
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