Thinking about opening a nonprofit employment services business? We tell you what you need to know to get started.
Turning a Profit in the Not-for-Profit Employment Sector
The nonprofit sector is a vibrant part of the U.S. employment market. According to IRS estimates, there are nearly 2 million 501(c) nonprofits scattered throughout the nation – and each one of them depends on skilled workers to accomplish their mission and strategic objectives.
Nonprofit employment services specialize in connecting nonprofit employers with qualified job candidates and turn a profit on their ability to manage both sides of the employment equation. Since applicants can come from either the non-profit or for-profit sector, employment service providers need to be capable of attracting a broad range of candidates, many of whom may be unfamiliar with nonprofit hiring standards.
On the other side of the table, employment services need to nurture a reputation (including online reputation management) within the nonprofit community. Cost is almost always a concern for nonprofits, so not-for-profit employers often cherry pick one or two employment services based on their track record and background.
Tips for Leveraging Technology in a Nonprofit Employment Services Startup
Employment services has quickly become a technology-dependent industry. Today's leading employment service providers (in both the nonprofit and for-profit sectors) rely on Internet-based resources to forge connections between their clients (employers) and prospective hires.
- Website. It's a given that any nonprofit employment services startup worth their salt will have a highly functional and easy-to-navigate business website. The best employment services websites feature updated job postings and mechanisms that allow applicants to apply directly through the website.
- SEO. Your startup's ability to generate revenue will depend largely on your ability to attract the cream of the crop to your clients' job listings. To maximize revenue opportunities, you'll need to perform SEO on your website, optimizing it for keywords in nonprofit employment and specific job titles.
- Mobile. More and more Americans are accessing online resources through mobile devices. By creating a mobile-friendly website, you may be able to position your employment service ahead of the curve and bypass competitors that haven't caught up with the mobile revolution.
Business Plan Basics for Nonprofit Employment Services Businesses
Startup entrepreneurs slave over the creation of their business plans, investing countless hours in the details of their startup strategy. But have you included any material about your industry?
Industry analyses are standard chapters in nonprofit employment services company business plans and are often required by lenders or investors. In this section, your readers will gain a clearer understanding of your business stacks up against the rest of the industry.
Although you'll need to provide the right information, you'll also need to be careful to avoid common industry analysis mistakes because the wrong tone and content here could negate all of the hard work you've invested in the rest of your business plan.
Long before you open a nonprofit employment services business within your community, it's essential to find out how many competitors you have. Try our link below to find competitors in your city. After following the link, enter your city, state and zip code to get a list of nonprofit employment services businesses in your area.
Is the local market large enough to support another nonprofit employment services business? If not, you had better be sure that you are doing things much better than the competition.
Talk to People Who Are Already in the Business
If you are interested in starting a nonprofit employment services business, it's a wise move to learn from folks who are already in business. If you think owners of nearby nonprofit employment services businesses will give you advice, think again. The last thing they want to do is help you to be a better competitor.
Thankfully, an owner of a a nonprofit employment services business in a different city can be a great learning resource for you, after they realize you reside far away from them and won't be stealing their local customers. In that case, the business owner may be more than happy to discuss the industry with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
How do you locate a nonprofit employment services business founder who is willing to advise you because you live in different cities?
Here's how we would do it. Try the useful link below and key in a random city/state or zipcode.
Gaining Access to Nonprofit Employment Services Business Ownership
Common sense will tell you that to enter the world of nonprofit employment services business, you'll either need to start a new business or acquire a promising company on the business-for-sale marketplace. There are a lot of benefits of buying a nonprofit employment services business.
If you're on the fence consider this: There has never been a better time to acquire a nonprofit employment services business. The down economy has resulted in a glut of available businesses, many of which can be acquired for bargain prices.
Explore Franchising Options
Startup small business owners are under enormous pressure to achieve profitability quickly.
No doubt about it, you have a lot of decisions to make. And one of the smartest decisions may be to pursue a franchise opportunity for your business startup.
Our employment staffing franchise directory is full of nonprofit employment services business startup opportunities. Just clink on the link below to get started.
These interviews should be of interest to you.
These additional resources regarding starting a business may be of interest to you.
If you already are in business and came here to learn about growing an existing nonprofit employment services business, these resources will come in handy:
If you sell to nonprofit employment services businesses, we've got better information for you elsewhere on our site. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.