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Starting a Staffing
or Recruiting Business


How much Money do I need?

Written on March 20th, 2017 by in Blog

The cost of establishing a Staffing and Recruiting Business is low compared to most other businesses.  Your initial expenses will include:

  • Computer
  • Smart Phone
  • 2 Land Telephone Lines
  • Cost of Incorporating
  • When you open, the cost of an ATS System (under $100 per month)

There will be a delay from the day you open your business until you generate revenue.  The average hiring time frame is currently five weeks from the time you write the requisition until you receive an offer.  Your candidate will hand in a two week notice and the client will pay you in 30 days.  It is for that reason that you need enough money put aside to pay your bills for at least four or five months.

If you decide to specialize in the temporary or contract segment of the Staffing and Recruiting Profession, you can generate revenue faster since the employers pay invoices weekly.  If you are stressed out about paying bills, you will be distracted and not be able to focus 100% on establishing and growing your new business.