Recruitment & Staffing As A Business

Staffingpreneurs Academy is the number one learning space and community providing the most comprehensive program for validating, creating, launching and scaling your very own profitable niche recruitment and staffing business. Staffingpreneurs Academy is the only implementation program of its kind that not only shows you exactly.

How to set up and launch your niche recruitment and staffing business like a pro, but also how to get it up, how to get it running, how to generate revenue, how to earn a profit every month, right, all while putting people to work and helping employers build and sustained.

Please note, we are regularly updating this story as more details become available. Last update: March 23, 2020.

Small businesses, Startups, and Recruitment & Staffing businesses have been hit hard by mandatory business closures and safety measures required to slow the spread of the coronavirus (COVID-19), which will lead to the loss of millions of jobs and the creation of hundreds of thousands of jobs.

Here are a list of resources to help you during this time:

Corporate Assistance Programs

1. Facebook Small Business Grants Program

Facebook has committed to offering up to 30,000 small businesses $100 million in cash grants and Facebook advertising credits. The grants will be provided to businesses in more than 30 countries.

How to Apply

Information is limited, but sign up to get more details from Facebook when they become available.

Federal Coronavirus Small Business Assistance

If you need cash to offset the lose of revenue and help keep your business open, the programs below can help.

The U.S. Small Business Administration (SBA) coronavirus resource page provides a list of relief programs, as well as offering guidance to small business owners during this crisis.

1. SBA Economic Injury Disaster Loan Program

The SBA is providing low-interest working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus in presidential and SBA-declared disaster areas. State governors must request access to the Economic Injury Disaster Loan program for businesses located in their states.

SBA Disaster loans carry an interest rate of:

  • 3.75% for small businesses
  • 2.75% for nonprofitsLoan repayment terms vary by applicant, up to a maximum of 30 years. 

SBA Disaster loans can be used for:

  • Cover accounts payable
  • Debts
  • Payroll
  • Other bills the coronavirus has affected your ability to pay

Eligibility

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware, District of Columbia
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Montana
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Utah
  • Virginia
  • Washington
  • West Virginia

How to Apply

Apply online and select “Economic Injury” as the reason you’re seeking assistance. You will need supporting documentation, which includes:

  • The business’s most recent tax returns
  • Personal financial statement
  • Schedule of liabilities that lists all your current debts.

Call the SBA Disaster Assistance Customer Service Center at 1-800-659-2955 for help with your application.

2. Federal Income Tax Filing and Payment Deadline Extension

The federal tax return filing deadline has been moved to July 15, 2020. For tax payments of up to $10 million, the IRS has also extended the deadline for both individuals and businesses to July 15, 2020.

The estimated tax payments for 2020 originally due on April 15 will now be due on July 15.

Important to note that many State tax agencies are still sending updates on their changes. Check with your state tax agency to find out if your business has more time to file or more time to pay state and local taxes this year as a result of the coronavirus. Several states have already aligned their tax filing and payment deadlines with the new federal deadline. States also may waive or reduce penalties on late tax payments.

State Coronavirus Small Business Assistance

States and local municipalities are adding new programs each day. It’s recommended to check your governor’s website for up-to-date information about relief available in your area.

The National Governors Association offers a list of Governors’ websites.

New York

1. New York City Employee Retention Grant Program

Small businesses can apply for the grant for up to $27,000 that covers 40% of payroll costs over the course of two months. Refer to New York City’s coronavirus resource page for small businesses for more information.

Eligibility

  • Businesses must be located in one of New York City’s five boroughs
  • 1-4 employees
  • Show that you lost 25% of your revenue due to the coronavirus
  • Operating for six months minimum
  • Have no current tax liens or legal judgments

How to Apply

Apply online through the New York City Department of Small Business Services website. You’ll submit financial documentation showing your revenue decrease and how it compares to this time last year, plus payroll records and bank account information.

2. New York City Small Business Continuity Fund

Interest-free loans for New York City based business with fewer than 100 employees, can get up to $75,000 from the city to cover revenue losses.

Eligibility

  • Must be located in one of the five boroughs
  • Have experienced at least a 25% reduction in revenue
  • Must have no tax liens or legal judgments against you
  • Must prove a loss in revenue and that you are able to repay the loan

How to Apply

Applications aren’t yet open, but fill me out an interest form on the New York City Department of Small Business Services website to get more information when it’s available. In the meantime, gather documents that show your decrease in revenue including 2019 tax returns, bank statements and point-of-sales reports.

California

1. San Francisco COVID-19 Small Business Resiliency Fund

Businesses with 1-5 employees can apply for up to $10,000 in emergency funding to help cover rent and employee salaries.

Additionally, the City of San Francisco has initiated a moratorium on evictions for small and medium-sized businesses whose revenue has been affected by the coronavirus. It’s effective for 30 days starting March 17, and the mayor has the capability to extend it for another 30 days. 

Link: https://oewd.org/covid-19-small-business-resiliency-fund

Eligibility

Businesses who show:

  • Loss of 25% or more of revenue
  • Less than $2.5 million in gross receipts
  • Properly licensed to operate in San Francisco.

How to Apply

The fastest way to apply is to fill out an online application and email it to investsf@sfgov.org. You’ll need to attach proof of payroll costs and lost revenue.

2. City of Los Angeles Small Business Emergency Microloan Program

Businesses in Los Angeles that are responsible for providing low-income jobs can get an emergency microloan of $5,000 to $20,000. Loans with repayment terms of six months to one year carry an interest rate of 0% and five-year loans have interest rates of 3% to 5%.

Los Angeles has instituted a moratorium on evictions of businesses impacted by the coronavirus through March 31, and the mayor has the capability to extend it for another 30 days. 

Eligibility

To get a loan, you must meet requirements including:

  • Having “reasonable and responsible” individual credit history
  • Commit to using the loan for working capital only
  • Ensuring your business is located within the City of Los Angeles.
  • If you own 20% or more of the business, you must guarantee the loan.

How to Apply

Apply online and provide supporting documentation including business and personal tax returns, three months of bank statements and business and personal financial statements.

Colorado

1. Denver Small Business Emergency Relief

This program offers cash grants of up to $7,500 to businesses in industries particularly hard-hit by the coronavirus.

Eligibility

Small businesses that have lost the ability to operate, including:

  • Restaurants
  • Retail shops
  • Barbershops
  • Nail salons

How to Apply

Grants will be distributed monthly, and the first applications will be due March 31. Details are sparse, but fill out an interest form to get more information from the city.

Illinois

1. Chicago Small Business Resiliency Fund

Starting March 31, small businesses in Chicago can apply for low-interest loans of up to $50,000 with repayment terms of up to 5 years. The amount of the loan you’ll qualify for depends on your revenues before the business was affected by the coronavirus.

Eligibility

You must demonstrate:

  • 25% drop in revenue
  • Have less than $3 million in revenue
  • Fewer than 50 employees
  • Have no current tax liens or legal judgments.

How to Apply

Apply online and include your most recent:

  • Tax return
  • Bank statements going back to October 2019
  • Photo ID

Michigan

1. Michigan Small Business Relief Program

Michigan will provide both grants and loans to small businesses affected by the coronavirus. The program will start in the first week of April.

Grants will be available in amounts of up to $10,000 to help cover working capital.

Loans will be available in amounts from $50,000 to $200,000 at interest rates of 0.25%.

Eligibility

Companies can qualify for Grants:

  • 50 or fewer employees
  • Can show business income loss

Companies can qualify for loans:

  • 100 employees or less
  • Unable to get credit elsewhere
  • Can show business income loss

How to Apply

Applications aren’t yet available, but check Michigan Economic Development Corporation for updates.

OTHER RESOURCES

  • Fannie Mae and Freddie Mac are suspending foreclosures and evictions for at least 60 days and up to 12 months due to the coronavirus national emergency. This suspension applies to homeowners with an Enterprise-backed single-family mortgage. The move comes after the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the Enterprises) to help borrowers who are at risk of losing their home.“This foreclosure and eviction suspension allows homeowners with an Enterprise-backed mortgage to stay in their homes during this national emergency,” said Director Mark Calabria. “As a reminder, borrowers affected by the coronavirus who are having difficulty paying their mortgage should reach out to their mortgage services as soon as possible. The Enterprises are working with mortgage services to ensure that borrowers facing hardship because of the coronavirus can get assistance.”Borrowers should note that they will need to contact the lender they send checks to every month to establish a new short-term agreement — and not simply stop paying their mortgages. You can read the FHFA statement here.
  • Entrepreneur.com published 65 FREE tools to help your business (and family members) get through these challenging times.
  • Income tax filing deadline pushed back from April 15 to July 15.
  • The Equal Employment Opportunity Commission (EEOC) gave employers the green light to take employees’ temperatures to try and ward off the spread of the coronavirus in guidance updated March 18.
  • Fortunately for the American workforce, many employers are not only still hiring — they’re looking to expand rapidly as Coronavirus puts new demands on business.

    Here’s a list of companies and industries hiring right now:

    • Amazon is hiring 100,000 workers, and many shipping and delivery companies and couriers are expanding as more and more people practice social distancing and find themselves quarantined.
    • Online learning companies are hiring thousands of teachers as many schools nationwide are closed, leaving over 30 million children without formal schooling. Plus, these teachers earn up to $40 per hour!
    • Grocery stores and delivery services are expanding rapidly as people search for ways to avoid long lines and big crowds. Among them are large chains like Kroger, Meijer, and Safeway/Albertson’s, the latter of which is currently hiring 2,000 additional staff. Grocery delivery service Instacart is also hiring.
    • Remote meeting and telecommunications companies like Zoom, Slack and Microsoft Teams are all hiring.
    • In-home support for working families (childcare, dog walking, personal assisting, etc.) is an industry still seeing growth, especially with children staying home and lines growing longer at grocery stores.
    • Mental Health and Telehealth offices

We will keep you updated as things progress.

Stay Vigilant.

Starting any business can be tough, but as a consultant or contractor, making the move to becoming a Staffingpreneur can be rewarding for an entrepreneur that possesses expertise in a specific niche or area.

Why Should A Consultant Become A Staffingpreneur?

If you’re currently a consultant or contractor servicing a specific niche, starting your very own recruiting and staffing agency business can be a very lucrative opportunity, especially when done right. Of course, there’s a lot to consider but when there are resources like Synario readily available, it eases the pressure just a little. Many contractors and consultants are currently being billed out by a recruiting or staffing agency. The agency provides work for you at various company locations and you get paid. But what happens to the network that you build over time? You could just at easily put your friends and colleagues on billing with other clients, while you’re working and make twice the income! How many times has an old client of yours called you back and asked you to work, but you were already on another assignment? When you have your own niche recruitment and staffing agency business, you can send them one of your colleagues, put them on your payroll, and still work your gig. There are many other benefits that having your own recruiting agency could bring, such as being able to find employment for people who don’t currently have a job. It also helps the company who is looking for an employee to stay on top of their work as they won’t have to wait that long for someone to fill the role. This could help to give you job satisfaction.

Payroll Funding

Since you will be putting your colleagues on billing, you will have to cover payroll. Now, this may seem like a very daunting task but actually it’s pretty simple. Even if you have no idea where to begin, you could take a free trial of Deputy’s timesheet app to learn about the ins and outs and then choose to use the full version or glean what you can from that app for future use. If you’re not ready to cover payroll on your own, or you don’t want to deal with the headaches of hiring someone in-house to run your back-office, you can outsource it an Employee Payroll Funding Company! Depending on your niche, you will have the ability to get funding directly from a payroll funding company to help handle the payroll for all of your consultants and contractors.

Working Your Niche

If you’re a contractor or consultant in the IT – Information Technology, Healthcare, Healthcare IT, or Engineering space this would be perfect for you! Although there are many other industries who can take advantage of this unique opportunity including; Sales, Marketing, Aerospace, Dental, Construction and more! Whatever vertical you work in, you can put your colleagues to work for them and for you! As a contractor it is important to have a handle on your niche especially when it comes to marketing as it is one of the ways you can reach potential customers and expose and expand your business’s reach. Thankfully there are companies similar to StructureM that can help you achieve the necessary steps to grow your business.

Conclusion

Your technical skills might be the reason why you started as a consultant but they will not be the reason why you succeed or fail! In the long term your ability to be creative with your business model by generating multiple streams of income will be what drives your business forward. And with your skill-set and expertise, starting a recruiting and staffing agency business will be a breeze for you!

Take a moment to schedule a call to speak with one of our Enrollment Specialist, now.

In the meantime…watch this video to learn more about the recruiting and staffing business here:

Questions? Comments?

It seems that everywhere you look, someone has a foolproof plan to offer you, to starting a successful home based recruiting business. Most of them sound quite promising, and many of them guarantee ease throughout the entire process of establishing a successful home based recruiting business. Although running a successful home based recruiting business may seem like a very easy idea, many successful home-based recruiting business owners (commonly known as ‘Staffingpreneurs‘) are surprised at the amount of time and effort that is involved. This is true especially at the beginning stages of any successful home based recruiting business. You need to make sure you have all the tools necessary to be a success. This includes having quick and efficient internet. If you’re from the area, checking out internet providers Lincoln NE might be helpful. There are a few important things to remember when one is interested in becoming a Staffingpreneur and launching a successful home based recruiting business.

First, do your homework. It is very important to know what type of successful home based recruiting business you would like to start. Assessing your own personal talents and interests helps narrow down the many possibilities for a successful home based recruiting business – that means – find a niche that’s specific to your knowledge and skills. It IS proven that some people are easily able to start a successful home based recruiting business based solely on their own skills or experience, not to mention smart. It is vital to establish a solid direction for your successful home based recruiting business based on your personality, strengths, weaknesses, and goals. Once you have decided, it is important to educate yourself about the recruiting and staffing industry so that you will know what to offer, how much to charge and when. That will ensure the success of your home based recruiting business. Having a solid niche, knowing your market in the most intimate way, establishing a strong pipeline of amazing talent, knowing what questions to ask and having a good understanding of HOW the recruiting and staffing industry works, furthermore, having the insight to be a part of the innovation to this industry is what WILL give you an edge over the competition. Not to mention the confidence to create the best possible successful home based recruiting business in the whole entire world. Oh, don’t forget to look into the legal side of your successful home based recruiting business, making sure that you have whatever licenses or permits you may need to begin.

Second, don’t neglect the actual area where you will be working! One aspect of a successful home based recruiting business is the home environment itself. A wise person will set a successful home-based recruiting business by understanding how he or she works best and adjusting the home environment accordingly. Do you have trouble concentrating when there is a lot going on around you? Create a successful home-based recruiting business by finding a quiet spot for your work to take place. Do you tend to procrastinate? Consider setting up specific work hours and checklists for your successful home based recruiting business.

There are many aspects of the actual home environment that are crucial to a successful home based recruiting business. The best way to get started is to sit down and evaluate the potential needs of your own successful home based recruiting business, as well as asking others what they have learned in their own pursuits of working from home. Note: Running a successful home-based recruiting business does not mean people will actually be entering your home. This is not suggested. It has become an industry standard to meet candidates at a nearby coffee shop or at their office. You can also rent a virtual office and use it only when needed (even hourly). You might have noticed but a lot of things are becoming more accessible online, you don’t even need an actual office space (just a virtual one), but it doesn’t just stop there, did you realize that with the help of document scanning software (like the ones found at filecenterdms.com), you can easily protect all your files (and make them editable), meaning that you don’t have to keep a paper copy if you don’t want to.

Third, put your best foot forward. The idea of purposely providing a very professional front is very important to your successful home based recruiting business. When creating a business, professionalism comes in many forms. Possibly one of the most important aspects of showing how serious you are about your business is the idea of having a website. There’s nothing worse than having your content ready, but is unsuccessful in going live due to the fact you didn’t think about looking into using a web host provider. If you looked into a company like the blogging buddha, you wouldn’t have this problem. You don’t want to point potential clients and customers in the direction of your site and it is not live. There’s so much to consider when it comes to your business, both in the initial stages and the future.

Many people are wary of the idea of doing business with a company that is run from someone’s home. Often, refraining from mentioning that your business is run out of your house will allow you to appear in equal standing with other companies, and give you the best chances of making the most from your successful home based recruiting business. This will always depend on the niche that you’re working on (Administrative, Call Center, Software Development, Registered Nurse, Data Security, Mobile Developers – your niche will determine if working from home is suitable). When you have identified your niche, it is vital that you address how you are going to reach this target market. This may entail enlisting the help of a marketing agency. It may be especially helpful that you use a company that offers assistance in reaching out locally to attract customers.

A successful home-based recruiting business does not require a lot of money or talent to begin. Putting your dedication and these tips to use will increase the chances of starting your successful home based recruiting business in the right direction.