An IT recruiting company business plan describes how your company can bridge the gap between businesses that need tech support or integration assistance and the professionals who deliver these services. Practically no type of business, large or small, can go without hiring an IT person for some task. The largest companies and even tech-heavy SMBs might have their own full-time technology professionals on payroll, but for the majority of businesses that outsource tech issues to recruiting and fulfillment firms, the market for IT is wide open. Given that, an IT recruiting company should have a decent market opportunity in front of it, assuming it can promote itself well and stay on track for its net profit benchmarks. A business plan for an IT recruiter should show:
• The type of company most likely to use your services
• The sort of person most likely to come to you offering their IT expertise
• The number of prospective clients
• The rates that you will charge to customers
• The personnel plan vs. your schedule for 1099 employees
The business plan for an IT recruiting company should have a financial pro forma that goes into your ideal ratio of salaried employees vs. 1099 contractors and other consultants. At the heart of this issue is how you choose to pay your staff members and your IT professionals who provide client services. The pro forma also needs at least a three-year set of estimates for your sales and expenses (an investor or VC firm would need a five-year model), and the tables to include are a revenue forecast, break-even analysis, profit and loss statement, cash flow, and a balance sheet. The market research and marketing plan are also important parts of this document. Need guidance on what pieces to emphasize or how to get your model integrated with your research? The experts at MasterPlans can help! (877) 453-2011.
