Employment Agency Business Plan

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Company Summary

AAP is a temporary and permanent placement personnel agency working solely with skilled, professional workers and Willamette Valley businesses. AAP differs from other temporary and permanent placement agencies because of our skilled workers. The company believes that the temporary industry pays only cursory attention to providing businesses highly qualified workers for permanent and non-permanent positions. AAP has five divisions, targeting the following areas of expertise:

  • Computers
  • Editors/Writers
  • Event Planners
  • Graphic Artists
  • Interpreters/Translators.

AAP does not provide general clerical, light industrial, engineers, accountants, nurses, or other medical technicians.

AAP does the following for each client:

  • Recruiting (reference checking)
  • Skills evaluation (preliminary interviewing)
  • Screening.

AAP conducts regular evaluations: AAP checks in with the supervisor and the worker during the first week on the assignment. AAP then checks in as agreed with the client. AAP acts as an extension of the client business' human resource department assuring that there is open communication between supervisor and employee, and assisting with any troubleshooting or problem solving that may be needed.

Prior to opening our doors, research showed support for the development of a personnel agency working solely with professional contingent workers and Willamette Valley businesses (see topic 7.3 Supporting Research).

According to the Oregon Department of Employment, Lane County has 31 temporary agency firms with 3200 individuals employed. Total employment figures for Lane County are 250,000; therefore, we support between two and four percent of the population.

Through connections in a variety of areas, AAP is able to locate qualified workers not only through advertising, but through a channel of networking. This past year has shown that qualified, willing workers are certainly available as we currently have hundreds on staff willing and able to work.

2.1 Company Ownership

AAP is a sole proprietorship that will convert to an S Corporation. As a new corporate entity, AAP will be treated as a start-up in this business plan.

The sole proprietor, Sarah Wayland, can be reached at AAP's office, [contact information omitted in this sample plan].

2.2 Start-up Summary

Projected start-up figures are shown in the chart and table below.

Start-up
Requirements
Start-up Expenses
Legal $100
Stationery etc. $100
Brochures $164
Insurance $300
Rent $800
computers, printers, software $8,000
Total Start-up Expenses $9,464
Start-up Assets
Cash Required $46,000
Other Current Assets $0
Long-term Assets $0
Total Assets $46,000
Total Requirements $55,464
Start-up Funding
Start-up Expenses to Fund $9,464
Start-up Assets to Fund $46,000
Total Funding Required $55,464
Assets
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $46,000
Additional Cash Raised $0
Cash Balance on Starting Date $46,000
Total Assets $46,000
Liabilities and Capital
Liabilities
Current Borrowing $2,720
Long-term Liabilities $45,000
Accounts Payable (Outstanding Bills) $144
Other Current Liabilities (interest-free) $0
Total Liabilities $47,864
Capital
Planned Investment
Owner $7,600
Other $0
Additional Investment Requirement $0
Total Planned Investment $7,600
Loss at Start-up (Start-up Expenses) ($9,464)
Total Capital ($1,864)
Total Capital and Liabilities $46,000
Total Funding $55,464