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Advise on Starting a Healthcare Personnel/Recruitment Agency

Yes Mohamed, I have the experience in starting a Personnel / Recruitment Agency
How soon do you plan on starting??
Under Members page it say "We are a one-stop multi-service real estate investment company"

Good luck, LUCKIEST

This is a tough and very competitive business, particularly if you are in a large city. You also need deep pockets as your payroll is usually weekly and your receipts take anywhere from 30/60/90 days to come in.

Are you thinking in terms of a temporary service or a direct hire (recruiting) business? If your plan is as a direct hire agency, prepare for at least a six month period before your first dollar is earned. It takes several months to develop business and accumulate an inventory of recruits. All that being said, if you have the financial resources for staying power, it can be a lucrative business. I have been in it for over 28 years as a direct hire company and 18yrs as a Temporary service.

Hello Luckiest,

Thank you for the response. I am looking to start in the next 6-12 months. What could you share with me to prepare for this business?

Thank you.

So much depends on the type of Temporary Staffing you intend on doing and what facets of Health Care will be your clients. You are in New Jersey so count on hefty Workers Compensation Insurance rates and likewise with Liability Insurance. If you plan on servicing Hospitals, they almost all require 100/300 Million liability coverage. As to pitfalls...watch your cash-flow and keep your overhead low and make sure that your mark-up gives you a decent profit margin.

Staffing.Pro,

thanks for the insight.