You can source the required data from reliable online sources, local chambers of commerce, or traditional authoritative sources. Demonstrate your understanding of the venture and its market.
(Give a brief highlight of the industry’s outlook. Talk about growth trends and consumer patterns. You can also highlight recent developments in the staffing agency environment)
(Define your target market in specific terms. You can use demographics such as age, region, or profession. Go into detail about why the stated demographics create the perfect business opportunity)
(Talk about the existing market gaps in this section. These can be underexploited avenues or new perspectives to already existing services. Essentially this section answers the question, what value does your staffing agency bring?)
(Identify your key competitors when filling this part of the staffing agency business plan. With the help of accurate data, assess their market share and unique selling points. Follow this up with an elevator pitch of how your staffing agency will build a unique footing in this landscape.)
Barriers to Entry
(Mention any challenges that could hinder the establishment of your staffing agency. Include legal and operational challenges in this section. You can also highlight high seed investment requirements and low brand recognition.)