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.

If you’re not in the know, the statistics are out! 57% of the workforce plans to look for new jobs this year and niche staffing agencies are the key to attracting specific top talent and filling specific jobs in a time and space where there is a major talent war going on. What does this mean for you?

Well, outside of the fact that great staffing and recruiting profits are driven by niche specializations, the bigger question is, what can you do about this? If you’re a job seeker and love what you do and want to stay within your industry, but are looking to do something different, you’re in a great place. If you’re a recruiter looking to expand your career; you’re in a great place too! You see, niche’ recruiting and staffing is really taking over the industry. As a matter of fact, there are many large, general staffing agencies that are taking a loss (especially with the ACA in act) and they are revamping their strategy to offer niche recruiting and staffing services. Times are changing, companies need more and employees are looking for more. You have the opportunity to do something different and impact the employment industry at the same time. Here’s a list of niche staffing agency specializations that you can expect to see on the market real soon:

  • Registered Nurses
  • Caddy’s for the Golf Industry
  • Certified PMP – Project Managers
  • Data Scientists supporting the HR Industry
  • Transportation for the Education industry in Boston, MA
  • Teachers for Charter Schools
  • IoT Staffing
  • CyberSecurity / CISOs
  • Digital Marketing
  • FinTech
  • Software Developers
  • Mobile Developers
  • Dentists
  • Aerospace Engineers
  • EMR/EHR Consultants
  • Project Managers
  • Accountants
  • Chefs
  • Chemical Engineers
  • And more…

Yes! All of these niches have a focus and it is true that there are individuals out there starting and/or running staffing agencies who truly understand the old saying “Jack of all trades, master of none.” is not the way to go, and to really impact this industry and their pockets; a dedicated focus on niche staffing leads to higher margins and profitability for staffing and recruiting agencies.

Online legal staffing agencies, like Lawyer Exchange, can help pair lawyers with law firms, bringing the two together online for legal project work.

One other field in which new jobs are being created on a regular basis is cybersecurity. Thousands of professionals are now taking on a new cybersecurity career pathway every year due to increased demand. With more and more companies now becoming dependent on their IT systems to function, this, unfortunately, opens up their vulnerability to cybercrimes such as hacking and data breaches. It is because of this increased vulnerability that a cybersecurity skills gap has emerged, leading to the creation of new cybersecurity specific careers.

The examples given above are just a small example of what Staffingpreneurs out here are doing (yes, these are real people and real staffing agencies) and I would like to open your mind to the opportunity of starting your own recruiting and staffing agency business.

You see, larger staffing firms are having a hard time keeping customers because of the new ACA regulations. Take a look here:

Book A Call to Learn More Now

If you’re tired of your job but want to stay in the industry, this is a great business opportunity for you. Learn what it takes to get started with little to no staffing industry experience, how to get payroll funding, job orders and how to find job seekers that are a right fit for the hiring manager, job, and company. Learn how you can leverage the challenges that these larger agencies are experiencing, how you can help employers and job seekers today, and really impact our economic infrastructure at the same time.

Seriously, if 57% of the workforce plans to look for new jobs this year, don’t you want to be the one to assist them? It’s easier than you think.

 Schedule a Call to Discuss Your Business Goals Here!

It’s time to shake up the recruiting and staffing industry!

WHAT’S YOUR NICHE?

Small recruitment & staffing businesses have many challenges to stay afloat. Many budding entrepreneurs think that all they need is the idea, a name for their small recruitment & staffing business, and a bit of work and the agency will sell itself and money will come rolling in. This is why collaborative systems are important for growing businesses, to help them grow through the use of technology. If you have ever run a small recruitment & staffing business – even a home based business – you will know there’s much more to it than that!

The first thing you, as a potential Staffingpreneur – small recruitment & staffing business owner must always do, is research and learn your market. Then research your competition, then the available candidate supply for your niche, and find your unique selling position. This alone can take weeks often months depending on your niche and how fast you digest information.

Once you are satisfied that there is a market for your recruiting and staffing niche, then you need to sort out your business plan and cash flow projections.

Small recruitment & staffing businesses are a low cost business venture because you have the ability to outsource your payroll function. However, some start-ups like to start big and may need substantial capital to get up and running, so sorting out how to use alternative methods to finance your recruitment & staffing business is also another option, this can come in the form of getting business cash advance from companies like L3 Funding. Do you remortgage your house? look for investment partners? borrow from friends or family? or approach the bank? Whichever you choose you need to convince others that your small recruitment & staffing business will be profitable and they will get a return on their money.

Once finances are in place the fun part starts. You may have premises to arrange, suppliers to sort out, staff to recruit and manage, accounts to keep, products to design or source, lawyers to consult, enterprise application development (app creation), accountants to hire and we must not forget in all of this market and get the all important customers to look at and purchase your recruiting and staffing services.

To do that you have to advertise your small recruitment & staffing business, but where and at what cost?

Who’s paying for all of this – in simple terms you, and your friends, investors and/or your bank are paying, until you making placements sufficiently to cover the costs – usually only 3-6 months away.

Fortunately, new small recruitment & staffing businesses most often return a profit in the first year and because you have the ability to outsource your payroll function, that will allow you to save a ton of money and the opportunity to REALLY finance it properly.

Is it worth doing it? That’s your decision but every year tens of thousands of people do start their own business, and hundreds start some version of a recruiting and staffing agency business. Many are successful and reap the rewards of all that hard work, but many also fail, and all too often it’s due to lack of preparation and lack of knowledge.

If you’re about to set off on your new business venture prepare well and Good Luck. With good planning, persistence and a lot of hard work you too can build a profitable small niche recruitment & staffing business…after all, it is a $126.8 billion dollar industry – seems like there’s plenty of room for you too!