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Tips for Starting a Temp Agency – Morgantown WV Business News

https://morgantownwvbusinessnews.com/2022/12/29/tips-for-starting-a-temp-agency/

Resources for job opportunities and the expectations you have of those who are served. Both individuals and businesses can avail an array of workforce and hiring resources through temp agencies.

Like any other enterprise, you’ll need an insurance plan that covers your temporary agency. For the first few years prioritizing the workers’ comp and general liability insurance. Also, a payroll administrator is a requirement.

It is a good idea to not include the words “staffing”, “recruiting” or “temp” in your business’s name. The mistake is likely to increase your odds at being underwritten. Insurance companies might consider temporary agencies such as this risky.

It’s a good idea to make a small investment of between $7,000 and $5,000. This exact amount is based on what skillset you’re looking to acquire. The higher the level of expertise more, the lower price your company will have to spend. Make sure you are realistic in your investment goals.

To find out more about the steps needed to start an enterprise that is profitable and successful as a temp agency, watch the video we have linked above.

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