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.

The Benefits of Starting a Niche Recruiting & Staffing Agency Business can be very rewarding! This emerging industry is really becoming one of the most sought after start-up entrepreneurial opportunities today. Why? Well, find out more here!

– This is a growing $126.8B industry so there is lots of room earn $$$ fast.
– You get to work from home or in an office. You have the ability to own your own schedule and don’t have to answer to anyone.
– Low start-up costs and low overhead.
– You can make $500,000 – $1,000,000+ within your first year of business.
– You are giving back and flourishing the world’s global economic system by being a small business and helping other businesses find employees.
– You get to impact people’s lives every day by assisting them with finding employment.

Now, I know you are wondering how you can make $500,000 – $1,000,000+ within your first year of business, so let me show you how:

Direct Hire/Permanent Placement (Your Bottom Line Income):

– You find a job for someone “the candidate” who will be making $80,000 per year in salary.
– You charge the company 20% of the candidate’s $80,000 salary.
– You receive a check for $16,000 within 30-90 days.

Note: If you do that once a month for 12 months (using those numbers) you would have made $192,000.00 in your first year of business just finding employment for one person a month for 12 months.
Contract/Contract-to-Hire/Temporary Placement (Your Residual Income):

– The company/Employer is looking to pay you $70.00/hr to find a temp or fill a contract job.
– You find the temp/contractor/candidate and pay them $42.00/hr + pays insurance benefits etc.
– You make $28.00 per hour for every hour your candidate works.
– So, if your candidate works a 40-hour work week, your check is $1,120.00 every week.

Note: If you keep five candidates working for 12 months (using those numbers) you would have made $5,600.00 per week and $291,200.00 in your first year of business just keeping five people employed for a year, and considering you’re only a small business that staffs other companies, you’ll be able to use small business hr solutions so you’re able to automate some of your business admin procedures and focus more time on earning a profit, finding other potential employees or contractors and the overall growth of your company.

This will mean that you can focus on what you need to do to help your business succeed. For example, should you get some cheap filing cabinets to help you stay organised with your work, or should you turn yourself into a paperless office? What would work best for your office and what would your employees prefer? Talk to them about it and discuss it, spend some time thinking about what your business needs in order to succeed.

You may also want to consider hiring a CPA for additional help with your small business bookkeeping if you’re looking for more ways to improve how the financial side of your business operates while freeing up time from your own schedule to be productive in other areas.

Guess what? You just earned $483,200.00 in your first year of business. Could you use $483,200.00? Are you currently making $483,200.00 per year?

Want to learn more? Watch the following video and share your comments below!

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?