Staffing Agency Business Plan Template

Written by Dave Lavinsky

Staffing Agency Executive Summary

Business Overview

Leading Talent Staffing Agency is a startup staffing and talent agency located in Virginia Beach, Virginia. The agency will offer full service staffing and placement services in Virginia Beach and will seek to be the most dedicated and driven staffing agency serving the amazing talent of the region.

Leading Talent Staffing Agency will be wholly owned by husband and wife team, Dan and Karen Ford. Dan is a Human Resources Director of a Fortune 500 company who has become a trusted and knowledgeable industry professional. Karen is a Labor and Employment attorney who has handled and successfully won thousands of labor and compensation claims for her clients. Together, their expertise will allow them the ability to own and operate a successful staffing agency business.

Leading Talent Staffing Agency will partner with companies across a wide range of industries – whether it be an office job or a warehouse job. We will work to serve our clients and refer them to the appropriate place of business for their unique skill set.

Service Offering

The following are the services that Leading Talent Staffing Agency will provide:

  • Employee Leasing (PEO) licensed in Virginia
  • Temporary and Temp-to-Hire staffing
  • Career/Direct Hire placement
  • Executive search and recruiting
  • Resume writing
  • Interview preparation

Customer Focus

Leading Talent Staffing Agency will target all prospective job seekers in the Virginia Beach area. The customer profile will range from those with a high school or GED education to those who have post-graduate degrees. Leading Talent Staffing Agency will serve those looking for hourly wages for blue collar jobs all the way to executives who are looking for their next corporate office job.

Management Team

Dan and Karen’s expertise in their respective fields make them a prime partnership to have a successful staffing agency in Virginia Beach. With Dan’s contacts and knowledge of human resources, and Karen’s ability to navigate the issues and compliance, they will be able to manage the necessary tasks of creating opportunities for both the employers looking for staff as well as job seekers. Dan and Karen will be in charge of the high level tasks, such as networking, maintaining client relationships and satisfaction, marketing opportunities, and growth opportunities. They will employ a CFO to handle all the necessary financial, accounting, and tax obligations of the business. Dan and Karen will also hire two managers to manage the day to day tasks of each of their clients. The two managers will oversee the intake of the job seeker all the way to them finding a permanent job opportunity. Finally, an administrative assistant will be hired to manage all the administrative tasks of Leading Talent Staffing Agency.

Success Factors

Leading Talent Staffing Agency will be able to achieve success by offering the following competitive advantages:

  • Friendly, knowledgeable, and highly qualified team of staffing professionals that know and understand the needs of both the employer and job seeker.
  • Dedicated team that will be able to provide its full attention and focus to its clients.
  • The staff will guide the job seeker through the entire process – from the job search, to resume writing, interview preparation, and will continue to follow-up to make sure the client is satisfied with the job.
  • Lowest rates in town for both the employer and job seeker. Leading Talent Staffing Agency is the best value in town for professional and reliable staffing services.

Financial Highlights

Leading Talent Staffing Agency is seeking $100,000 in debt financing to begin operations of the business. The funding will be dedicated towards securing the office space and the office build-out. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and working capital. The breakout of the funding is below:

  • Securing staffing agency office space, build-out, and design: $50,000
  • Three months of overhead expenses (payroll, rent, utilities):  $25,000
  • Marketing & advertising: $15,000
  • Working capital: $10,000

The following graph below outlines the pro forma financial projections for Leading Talent Staffing Agency.

financial projection staffing agency business