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What Does a Business Planning Manager Do?

Find out what a Business Planning Manager does, how to get this job, salary information, and what it takes to succeed as a Business Planning Manager.

The Business Planning Manager plays a strategic role in steering the company’s direction through comprehensive market analysis, forecasting, and resource allocation. This position involves synthesizing complex data into actionable strategies that align with the company’s long-term goals and financial objectives. By closely monitoring industry trends and evaluating business performance, the Business Planning Manager ensures that the organization remains agile and responsive to changing market demands. Collaboration with various departments to develop and implement plans that enhance operational efficiency and profitability is also a significant aspect of the role. Through a balanced approach to risk management and opportunity identification, the Business Planning Manager supports the company in maintaining a competitive edge and achieving sustainable growth.

Business Planning Manager Job Duties

• Develop and implement comprehensive business plans to facilitate achievement by planning cost-effective operations and market development activities.
• Analyze and forecast financial, economic, and other data to provide accurate and timely information for strategic and operational decisions.
• Coordinate cross-functional teams to develop business strategies and objectives, ensuring alignment with corporate goals.
• Evaluate competitive market strategies through analysis of related product, market, or share trends.
• Identify and drive initiatives to improve operational efficiency, including process improvements, cost reduction, and systems enhancements.
• Facilitate communication and collaboration among departments to ensure that business planning and strategies are aligned with company-wide goals.
• Oversee the preparation of operational and risk reports for management analysis.
• Spearhead the development of new business opportunities, including expansion, mergers, acquisitions, and partnerships.

Business Planning Manager Salary & Outlook

Factors affecting a Business Planning Manager’s salary include industry sector, company size, years of experience, and specific skills in strategic planning, financial modeling, and market analysis. Performance outcomes and the ability to influence business growth also significantly impact compensation.

• Median Annual Salary: $110,250 ($53/hour)
• Top 10% Annual Salary: $152,000 ($73.08/hour)

The employment of business planning managers is expected to grow faster than average over the next decade.

This growth is driven by the increasing complexity of global markets, the need for strategic planning in competitive environments, and the demand for innovation in product and service development. Business Planning Managers are pivotal in navigating these challenges, making their role more critical than ever.

Business Planning Manager Job Requirements

Education: A Business Planning Manager typically holds a Bachelor’s Degree in Business Administration, Finance, or a related field. Coursework often includes strategic management, financial analysis, market research, and organizational behavior. Advanced degrees like an MBA can enhance prospects, focusing on leadership, advanced strategic planning, and international business. Specialized courses in data analysis, project management, and economics are also beneficial, equipping candidates with the necessary skills to excel in developing and implementing business strategies.

Experience: Business Planning Managers typically come from diverse experience backgrounds, with a significant portion having substantial experience in strategic planning, financial analysis, and project management. Many have progressed through roles that required increasing responsibility in business strategy and operations. On-the-job training is common, often through mentorship or rotational programs within a company, allowing for hands-on experience in different business units. Training programs focusing on leadership, data analysis, and market research are also valuable, equipping candidates with the skills to lead cross-functional teams and drive business growth. Successful candidates often demonstrate a blend of practical experience in business planning and strategic initiatives, coupled with formal training programs that enhance their analytical and leadership capabilities.

Certifications & Licenses: Certifications and licenses are not typically required for the role of Business Planning Manager.

Business Planning Manager Skills

Strategic Forecasting: Leveraging data-driven insights, a Business Planning Manager predicts market trends to develop strategies that align with organizational goals. This involves synthesizing diverse information sources to anticipate challenges and opportunities, keeping the company agile and competitive.

Market Analysis: Through the meticulous examination of trends, customer behaviors, and competitor activities, Business Planning Managers can forecast market demands and pinpoint opportunities or threats. This skill hinges on thorough data collection and interpretation to inform strategic decisions.

Financial Modeling: Business Planning Managers create detailed, predictive models of a company’s financial future to forecast revenue, assess risk, and efficiently allocate resources. This requires a solid grasp of accounting principles, spreadsheet software proficiency, and the ability to interpret market trends for data-driven strategic planning.

Risk Management: By identifying potential threats and developing strategies to mitigate them, Business Planning Managers protect the organization’s interests and ensure its long-term sustainability. Analyzing market trends, financial forecasts, and operational vulnerabilities is crucial for preemptively addressing challenges.

Stakeholder Engagement: Building and maintaining strong relationships with investors, partners, and internal teams is critical for aligning business strategies and meeting project milestones. This skill ensures smoother project execution and fosters an environment of trust and mutual respect.

Performance Optimization: Data-driven insights and lean methodologies are used to streamline operations, reduce waste, and boost business efficiency. Analyzing performance metrics, identifying bottlenecks, and implementing strategic interventions are key for sustained organizational improvement.

Business Planning Manager Work Environment

A Business Planning Manager typically operates within a structured office environment, where the workspace is designed to foster both concentration and collaboration. The setup usually includes personal computers, advanced planning software, and access to data analytics tools, essential for strategic decision-making and forecasting.

Work hours might extend beyond the traditional 9-to-5, especially during critical planning phases, though many organizations offer flexibility to accommodate work-life balance. The dress code tends to align with corporate standards, leaning towards business casual or formal, depending on the company’s culture and external meeting requirements.

The role demands frequent interaction with team members, stakeholders, and departments, necessitating strong communication channels and a cooperative atmosphere. Travel may be required for industry events or company-wide meetings, adding variety to the routine.

Professional development opportunities are often available, encouraging continuous learning and advancement in strategic planning methodologies and leadership skills. This role thrives in a setting that values analytical thinking, adaptability, and collaborative problem-solving.

Advancement Prospects

A Business Planning Manager can ascend to higher strategic roles within an organization, such as Director of Strategy or Chief Operations Officer (COO), by demonstrating exceptional analytical, leadership, and decision-making skills. Success in this career path hinges on the ability to drive business growth and efficiency through innovative planning and execution.

To achieve these advancements, a Business Planning Manager should focus on spearheading high-impact projects and initiatives that align with the company’s long-term goals. Gaining experience in cross-functional team leadership and developing a deep understanding of the industry’s competitive landscape are crucial.

Building a track record of successful business plans and strategies that have significantly contributed to the company’s profitability and market position will set a solid foundation for moving into top executive roles. Engaging in high-level decision-making processes and demonstrating a keen insight into market trends and business opportunities are essential steps toward career progression in this field.

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What is a business planning manager and how to become one

A business planning manager oversees the business management process, ensuring staff meet productivity goals and targets. They recruit and train new staff, handle project budgets, and identify opportunities to increase revenue and profits. Business planning managers coordinate with clients and adjust business plans as needed. They create strategies for viable business operations and supervise teams to achieve goals. These managers provide executives with suggestions based on performance analysis and forecasts. They prioritize business initiatives, create best practices, and work towards meeting company objectives. They assist management in allocating resources, drawing up budgets, and accounting for revenue.

How long does it takes to become a business planning manager?

It typically takes 9-10 years to become a business planning manager:

• Years 1-4: Obtaining a Bachelor's degree in a relevant field, such as business administration, finance, economics, or accounting.
• Years 5-6: Accumulating the necessary work experience in roles such as financial analyst, management consultant, or business strategist.
• Years 7-8: Gaining additional experience and taking on more responsibilities in roles such as senior financial analyst, senior management consultant, or senior business strategist.
• Year 9-10: Completing on-the-job training of 1-3 months to gain specific skills and knowledge required for the role of business planning manager.

Avg. Salary $115,251

Avg. Salary $59,228

Growth Rate 10 %

Growth Rate 0.3 %

American Indian and Alaska Native 0.23 %

Asian 8.15 %

Black or African American 3.04 %

Hispanic or Latino 8.67 %

Unknown 5.32 %

White 74.58 %

female 34.85 %

male 65.15 %

American Indian and Alaska Native 3.00 %

Asian 7.00 %

Black or African American 14.00 %

Hispanic or Latino 19.00 %

White 57.00 %

female 47.00 %

male 53.00 %

Stress level is high

Complexity Level is advanced

7 - challenging

Work Life balance is poor

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Business Planning Manager career paths

Business planning managers often move into finance director or vice president roles. They may also take on positions like director of sales or business development director. Some may choose to manage a store or take on a marketing role, becoming a marketing director or manager. Others might become a product manager or director of product management.

Key steps to become a business planning manager

Explore business planning manager education requirements.

The educational requirements for a business planning manager typically include a bachelor's degree in business, finance, accounting, marketing, or management. According to Patrick Scott Ph.D. , Assistant Professor of Economics at Louisiana Tech University, "analytical and quantitative skills are more important than ever. The ability to quickly analyze data and correctly assign an interpretation or meaning to that data is an important job market skill." Additionally, a master's degree can be beneficial, with 24.36% of business planning managers holding this level of education. Certifications such as Project Management Professional, Six Sigma Green Belt, and Certified in Production and Inventory Management can also enhance a candidate's qualifications.

Most common business planning manager degrees

Bachelor's

Master's

Start to develop specific business planning manager skills

A business planning manager should have good communication skills, time management skills, and a team spirit. They should also be able to think critically and learn independently. As Hagit Weihs Ph.D., Associate Professor of Accounting in the Brandeis International Business School and the Undergraduate Advising Head to the Business Program, puts it, "Good communication skills are crucial: being able to listen, learn and apply, as well as communicate questions, concerns, and suggestions in an effective, direct, and timely manner. Time management skills are highly valued. They translate into an efficient and reliable employee. Team spirit is a big advantage: the ability to take the initiative to lead an effort and contribute while working well in a team. And, of course, the willingness to learn independently is always appreciated. Finally, showing critical thinking is important."

Complete relevant business planning manager training and internships

Research business planning manager duties and responsibilities.

Business planning managers focus on various responsibilities that drive company growth and success. They manage customer service, track and analyze budgets, and prepare business cases for investments. They also conduct market research and competitive analysis, develop strategic plans, and manage new product development activities. Dr. Jeanette Landin , Associate Professor at Landmark College, emphasizes the importance of soft skills like interpersonal communication, collaboration, and delegation in a business manager's role.

• Lead central team summarizing and prioritizing all DOD opportunities, enabling more efficient and effective resource allocation across several program departments.
• Create and implement new product BOM's.
• Verify WIP movement transactions are complete and with the latest BOM changes.
• Provide management with managerial reporting, variances explanations, and KPIs for decision making.

Prepare your business planning manager resume

When your background is strong enough, you can start writing your business planning manager resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a business planning manager resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose From 10+ Customizable Business Planning Manager Resume templates

Apply for business planning manager jobs

Now it's time to start searching for a business planning manager job. Consider the tips below for a successful job search:

• Browse job boards for relevant postings
• Consult your professional network
• Reach out to companies you're interested in working for directly
• Watch out for job scams

How Did You Land Your First Business Planning Manager Job

Are you a Business Planning Manager?

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Average business planning manager salary

The average Business Planning Manager salary in the United States is $115,251 per year or $55 per hour. Business planning manager salaries range between $87,000 and $151,000 per year.

What Am I Worth?

How do business planning managers rate their job?

Updated June 25, 2024

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The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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How to write a business plan for recruitment in 2024 (template included)

• Published on June 3, 2020
• Updated on February 12, 2024

Writing a business plan in recruitment has always played a crucial part in the interview process for a number of recruitment agencies around the world.

A comprehensive business plan can demonstrate a recruiter’s commitment, knowledge and commercial acumen. During economic uncertainties in 2023, these qualities are more important than ever.

Arriving at an interview armed with a comprehensive business plan before you’re even asked will no doubt set yourself apart from other recruiters.

During economic uncertainties, managers will need to present a business case to leadership for budget approval in order to make a hire. Your business plan will be an important element of this business case. An impressive business plan could be the difference between landing an offer today, or falling into a pipeline of other candidates.

In this article, we share a step-by-step guide outlining how to create a comprehensive business plan. We walk through the key components and include examples.

At the end of the article, you can download a free recruitment business plan template which is tailored towards the key components mentioned in this article.

A business plan should be packed full of relevant information but should be compressed and to the point. Avoid verbiage, stay specific and keep to 4 – 6 pages.

Introduction

Start with a title. Include your name and the company you’re writing the business plan for. A little personalisation will go a long way.

Underneath your title, outline the objective of your business plan and again personalise it towards the agency you’re interviewing with. While you have the hiring manager’s attention, this paragraph is an opportunity for you to demonstrate how comprehensive your business plan is. The aim is to capture the hiring manager’s interest so they continue to read each component:

“The objective of this business plan is to outline the value I can add to employer’s name.

In this business plan, I have highlighted my specialism, hiring activity in my market, my candidate and client strategies, my methodology, how I plan to recruit through economic uncertainties in 2023, my competition and my personal revenue projections over 12 months.”

You can use this paragraph as a way to introduce your business plan verbally if you’ve called up a hiring manager. You can also use this extract in a cold email.

Your specialisation

This is a crucial positioning statement for your value-add. It sets out precisely where your network and experience lies and what you intend to bring to the table in your new role.

Your specialisation can be described clearly by outlining what roles you will specialise in, what industries you will target, what level of seniority you will focus on and what geographies you will cover.

For ease of reading, you can use each component as a title and use bullet points to expand upon your answers.

Taking a Technology recruiter as an example:

What roles I will specialise in:

• Product Management permanent roles
• UX/UI Design permanent roles

What industries I will target:

• Series A – C funded technology startups (high investment, high growth and high volume of roles)

What level of seniority I will focus on:

• Mid to senior (120 – 180k salary range for Product Managers, 140 – 200k salary range for Designers)

What geographies I will cover:

• Based in Singapore, the local market will be my core market
• Secondary markets include Jakarta, Bangkok and Kuala Lumpur due to less competition from recruiters and high volume of roles

Hiring activity trends

The hiring activity trends section provides an opportunity for you to demonstrate and portray your knowledge of the market.

The 3 important components of this section are: hiring activity over the past 3 years, hiring activity for next year and how you predict hiring activity to shift beyond that.

Utilise your own knowledge of the market but back it up with research gained from reputable sources related to your market e.g. Tech in Asia, Tech Crunch, Channel News Asia, The Straits Times or The Financial Times.

You’ll want to cover how hiring activity has increased or decreased, what the drivers of growth are in your industry and what the threats and challenges are within your sector.

Candidate strategies

Moving on from market trends, this section indicates how you will acquire candidates for your desk. It offers an opportunity for you to demonstrate the experience you’ve learnt in candidate management from your previous firm, but also an opportunity for the employer to ensure that your approach aligns with theirs.

3 key components of this section include: how you will generate candidate leads, what challenges you expect to face and how you will overcome these challenges.

Taking a Front Office Banking & Financial Services recruiter as an example:

How do I plan to generate candidate leads:

• Direct headhunting using a LinkedIn Recruiter account, this costs approximately $X amount, the key benefits being access to a high volume of InMails and enhanced search capability. This has been the sourcing tool for 60% of my previous placements

Challenges I expect to face:

• In light of economic uncertainties in 2023, highly sought-after candidates may be risk-averse and may not see this as a good time to move jobs

How I will overcome these challenges:

• I will develop relationships with these candidates for the future but I will adjust my sourcing strategy accordingly by increasing volume of direct approaches

Client strategies

A similar section to candidate strategies but geared towards clients. Arguably more important than candidate strategies during a recession as the market could be job-short – even in the good times, strong business development capabilities in recruiters are harder to find.

This section includes 6 key components including how you plan to onboard new clients, how you plan to sustain relationships with clients for repeat business, what industries your clients are in, the challenges you expect to face and how you will overcome these challenges.

Take these bullet points as a basic example:

How I plan to onboard new clients:

• During a recession, I plan to cultivate relationships by helping and consulting clients on non-recruitment related issues, such as advising clients on the current state of the market
• I plan to generate leads by making 25 cold calls per day during the ramp-up period, to again offer support and advice where needed, and to leverage any open roles
• A soft approach of connecting with hiring managers, HR contact and C-Level candidates on LinkedIn, to establish working relationships and eventually convert into clients

How I plan to sustain relationships with current clients and win repeat roles:

• The most important way to sustain relationships is by offering a service that is superior to competitors. That is by being transparent, sticking to deadlines and delivering results
• Regularly catch up with clients on a monthly basis to see how they’re doing and see if you can generate new roles
• Keep yourself updated on company news and congratulate clients on milestones e.g. if they generate a Series C round of funding

What industries I will target clients in:

• Series A – B funded technology startups
• During a recession there is less of an appetite to use agencies due to an unprecedented volume of great candidates available in the market
• Offer free support to companies currently not using agencies, provide an impressive service and convert into paying client post-recovery

The 6th component is “examples of target clients” and this is where you can really demonstrate tangible market knowledge. Use company names, find the potential contact in each company and add your comments, such as the volume of roles you expect from that client. 5 examples should be enough to peak your hiring manager’s interest.

You can use a table to display this information with ease:

It goes without saying that you should never be tempted to use information that is proprietary to your previous employer. This information can be openly found with some basic LinkedIn research.

My methodology

Are you a recruiter that is focussed on crunching numbers? Are you a recruiter who is focussed on cultivating long-term relationships? In this section, you can include a few quick bullet points to explain how you approach recruitment. This information gives your hiring manager an indication about whether you hold similar values and whether you have similar working styles.

How you can adapt to recruiting during a possible economic downturn

This section is a new one in response to market conditions in 2023 but can demonstrate how you are prepared to deal with current and upcoming challenges.

You can use this section as the title and include bullet points to outline how you will adapt to these market conditions.

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My key competitors

Which recruiters and agencies offer the greatest competition? Demonstrating your knowledge in this area highlights that you are commercially aware outside of your core market.

Include about 5 different competitors who are directly competing in your patch. You can use the table below to display this information:

Personal revenue and target projections

In many business plans, financial projections are of utmost importance and can demonstrate your commercial acumen. If you’ve ever watched Dragon’s Den, you’ll know what happens when you don’t know your numbers!

Project your personal revenue for 4 quarters. You can start your calculations by predicting the average annual salary of a candidate in your patch. You can project your average percentage fee agreed with clients and from there you can calculate your average fee. Once you have this, you can predict the amount of placements you’ll be making per month.

Make sure your revenue projections are realistic and achievable. Avoid the temptation to predict vastly optimistic revenues, especially during a possible recession. You must allow time to ramp-up and there must be a logical relationship between your historical and predicted revenues.

The plan only includes project revenue. Your historical revenue should be on your CV.

Take the below as an example:

My predicted average annual salary of candidates:

My predicted average percentage fee agreed with the client:, my predicted average fee:, my predicted average placements per month, my projected revenue over 12 months.

Underneath, you can also include the KPIs you will set yourself to guide you in achieving these numbers. For example, you can set yourself a guideline for how many CVs you need to send, how many candidate meetings you need to arrange, how many client meetings you need to arrange and so on.

The template

We’ve constructed a free template built around the components mentioned above, so you can create your own for when you reach out to hiring managers.

To download this template, please add your email below and you’ll be redirected to the template.

By downloading our busines plan, you agree to our  Privacy Policy and Notification Settings .

This step-by-step guide should give your hiring manager a clear idea of your plan. If executed successfully, you’ve already demonstrated your commitment, knowledge and commercial acumen before even attending an interview.

The way you’ve structured your plan will give your hiring manager a very clear indication of your methodology and whether you’d fit their structure. Keep in mind that if your methodology is focused on high volume recruitment, it’s not going to work well with an executive recruitment agency.

As a next step, learn this plan inside and out. Be prepared to pitch your plan to your hiring manager and answer detailed questions surrounding each component.

Leave your interviewer with no room for concern and secure that role! Lastly, if you enjoyed the article, please consider subscribing or following us on LinkedIn to have new articles for recruiters like this delivered directly to your inbox.

Subscribe for free

As Founder of Charterhouse Partnership, I led the opening of 5 international offices, hiring & training hundreds of recruiters. Please subscribe to our weekly newsletter where I share my insights on the recruitment industry.

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• Sample Business Plans
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Staffing Agency Business Plan

As the job market becomes increasingly competitive, businesses are looking for innovative ways to attract and retain top talent. It is where your staffing agency will become profitable.

Are you looking to start writing a business plan for your staffing company? Creating a business plan is essential to starting, growing, and securing funding for your business. We have prepared a staffing agency business plan template for you to help in start writing yours.

Free Staffing Agency Business Plan Template

Download our free business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

• Fill in the blanks – Outline
• Financial Tables

How To Write A Staffing Agency Business Plan?

Writing a staffing agency business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section of the business plan intended to provide an overview of the whole business plan. Generally, it is written after the whole business plan is ready. Here are some components to add to your summary:

Start with a brief introduction:

Market opportunity:, mention your services:, management team:, financial highlights:, call to action:.

Ensure you keep your executive summary concise and clear, use simple language, and avoid jargon..

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2. Business Overview

Depending on what details of your business are important, you’ll need different elements in your business overview, But there are some foundational elements like business name, legal structure, location, history, and mission statement that every business overview should include:

About the business:

Provide all the basic information about your business in this section like:

• The name of the staffing agency and the type of agency you want for example are you writing it for a nurse staffing agency, medical staffing agency or any direct hiring firm.
• Company structure of your staffing agency whether it is LLC, partnership firm, or some other.
• Location of your staffing company and the reason why you selected that place.

Mission statement:

Business history:, future goals:.

This section should provide an in-depth understanding of your recruitment business. Also, the business overview section should be engaging and precise.

3. Market Analysis

Market analysis provides a clear understanding of the market in which your business will run along with the target market, competitors, and growth opportunities. Your market analysis should contain the following essential components:

Target market:

Market size and growth potential:, competitive analysis:, market trends:, regulatory environment:.

Some additional tips for writing the market analysis section of your Recruitment agency business plan:

• Use a variety of sources to gather data, including industry reports, market research studies, and surveys.
• Be specific and provide detailed information wherever possible.
• Include charts and graphs to help illustrate your key points.
• Keep your target audience in mind while writing the business plan

4. Products And Services

The product and services section of a staffing company business plan should describe the specific services and products that will be offered to customers. To write this section should include the following:

List the services:

• Create a list of the services that your staffing agency will offer, which may include all the services for example, will the agency offer temporary staffing, temp-to-perm staffing, direct hire placement, or a combination of these services?
• Describe each service: For each service, provide a detailed description of what it entails, the time required, and the qualifications of the professionals who will provide the service. For instance, do you need a full-time HR or some other personnel specific for interviews?

Screening and Placement Process:

Overall, the product and services section of a recruitment firm business plan should be detailed, informative, and customer-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key points to include in your marketing plan:

The partnership is a blessing:

Have a competitive fee structure:, marketing strategies:, customer retention:.

Overall, the sales and marketing strategies section of your business plan should outline your plans to attract and retain customers and generate revenue. Be specific, realistic, and data-driven in your approach, and be prepared to adjust your strategies based on feedback and results.

6. Operations Plan

When writing the operations plan section, it’s important to consider the various aspects of your business operations. Here are the components to include in an operations plan:

Hiring plan:

Operational process:, client management:.

By including these key elements in your operations plan section, you can create a comprehensive plan that outlines how you will run your staffing business.

7. Management Team

The management team section provides an overview of the individuals responsible for running the staffing agency. This section should provide a detailed description of the experience and qualifications of each manager, as well as their responsibilities and roles.

Key managers:

Organizational structure:, compensation plan:, board of advisors:.

Describe the key personnel of your company and highlight why your business has the fittest team.

8. Financial Plan

When writing the financial plan section of a business plan , it’s important to provide a comprehensive overview of your financial projections for the first few years of your business.

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:, financing needs:.

Remember to be realistic with your financial projections, and to provide supporting evidence for all of your estimates.

9. Appendix

When writing the appendix section, you should include any additional information that supports the main content of your plan. This may include financial statements, market research data, legal documents, and other relevant information.

• Include a table of contents for the appendix section to make it easy for readers to find specific information.
• Include financial statements such as income statements, balance sheets, and cash flow statements. These should be up-to-date and show your financial projections for at least the first three years of your business.
• Provide market research data, such as statistics on the size of the staffing industry, consumer demographics, and trends in the industry.
• Include any legal documents such as permits, licenses, and contracts.
• Provide any additional documentation related to your business plans, such as marketing materials, product brochures, and operational procedures.
• Use clear headings and labels for each section of the appendix so that readers can easily find the information they need.

Remember, the appendix section of your employment agency business should only include relevant and important information that supports the main content of your plan.

Download a sample staffing agency business plan

Need help writing your business plan from scratch? Here you go; download our free staffing agency business plan pdf to start.

It’s a modern business plan template specifically designed for your staffing agency business. Use the example business plan as a guide for writing your own.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

This staffing agency business plan sample will provide an idea for writing a successful staffing agency business plan, including all the essential components of your business.

After this, if you are still confused about how to write an investment-ready staffing business plan to impress your audience, then download our staffing agency business plan pdf.

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Frequently asked questions, why do you need a staffing agency business plan.

A business plan is an essential tool for anyone looking to start or run a successful recruitment business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your staffing agency.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your agency.

How to get funding for your staffing agency business plan?

There are several ways to get funding for your staffing business, but one of the most efficient and speedy funding options is self-funding. Other options for funding are

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria first before you can apply for it.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your staffing agency, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought options for startups.
• Venture capital – Venture capitalists will invest in your business in exchange for a percentage of shares, so this funding option is also viable.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your staffing agency business?

There are many business plan writers available, but no one knows your business and idea better than you, so we recommend you write your employment agency business plan and outline your vision as you have in your mind

What is the easiest way to write your staffing agency business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any staffing agency business example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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Navigating career changes: seven steps to reigniting your journey.

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Mark Protus ( Protus Consulting) offers 20+ years of effective learning and leadership solutions driving growth, engagement, and potential.

Are you feeling stuck in your current role and longing for a change? You’re not alone. In one study, 44% of respondents said they were unsatisfied with their career path options, and another study found that more than 50% of people are thinking about changing their careers.

I see many professionals who feel overwhelmed by uncertainty in the job market or frustrated by a lack of career advancement opportunities. Some seek a better work-life balance or higher job satisfaction. Many people want to discover purpose through a meaningful career that fits their passions and contributes to the greater good.

I think this all underscores the importance of having a solid career plan to help you stay focused on your goals and passions. Let’s dive into seven steps you can take to successfully plan your career, discover your strengths and work toward becoming your best self.

1. Self-Assessment

First, you want to understand your skills, interests, values and personality. Knowing yourself more deeply allows you to make informed career choices that truly resonate with who you are. Start by taking personality tests, reflecting on your experiences and identifying what excites you. For example, think about a project you enjoyed; what skills did you use? What aspects did you find most rewarding?

To get started, I recommend personality identification tools like Myers-Briggs, CliftonStrengths or 16Personalities. Reflect on your results and consider how they align with your current or desired career path. And, see if you are learning something new about yourself.

2. Research And Exploration

Now that you have a clearer understanding of yourself, it’s time to explore potential career paths. Use online resources, attend industry events and network with professionals in fields of interest to open your eyes to possibilities you might not have considered. I especially find that informational interviews—talking to people who are already in a role you’re curious about—can provide invaluable insights.

Websites like LinkedIn and Glassdoor are great for researching different careers and companies. To find industry events, you can use platforms like Eventbrite or Meetup. Lastly, LinkedIn is also a great tool to connect with professionals and request interviews to learn more about potential careers.

3. Set Goals

Setting both short-term and long-term goals gives you a road map to follow, ensuring progress and purpose. Define what you want to achieve in the next six months, year and five years. Make these goals SMART: specific, measurable, achievable, relevant and time-bound. For example, if you want to change industries, a short-term goal could be to finish a relevant certification in six months.

Use goal-setting apps like Monday and Trello or even outline your goals with a simple Google Doc. Break down your long-term goals into smaller, manageable tasks and set deadlines for each. Regularly review and adjust your goals as needed.

4. Create An Action Plan

Turn your goals into tangible tasks you can tackle daily or weekly. List out the steps needed to achieve each goal, set deadlines and prioritize tasks. If your goal is to land a new job, your action plan might include updating your resume, applying to five jobs per week and networking with at least three new contacts each month.

Tools like Todoist or Notion can help you create detailed action plans. Prioritize your tasks and set reminders to stay on track. Use job search engines like Indeed or LinkedIn Jobs to find relevant job postings and track your applications.

5. Develop Skills And Gain Experience

As already hinted at, continuous learning is key to staying competitive and achieving your career goals. Focus on skills and experiences that can increase your value and open doors to new opportunities. This could include technical skills, soft skills or industry-specific knowledge.

You can also enroll in courses, attend workshops or seek out volunteer opportunities to build these skills. If you want to be a leader, you can take a leadership development course and volunteer to lead a project at work.

Websites like Coursera, Udemy and LinkedIn Learning offer a wide range of accessible courses to help develop skills. You can also look for volunteer opportunities on platforms like VolunteerMatch or Idealist to gain practical experience.

6. Evaluate And Adjust

Regularly reviewing your progress and making necessary adjustments is crucial to staying on track. Life changes, and so do your goals and circumstances.

Set aside time every few months to reflect on your progress. Are you hitting your milestones? Are your goals still relevant? If not, don’t be afraid to pivot. If you find a new interest that excites you more than your current path, adjust your plan to include this new direction.

Set up calendar reminders to schedule quarterly reviews for yourself. Reflect on your progress using tools like a journal or a reflective app like Day One. Adjust your goals and action plan based on your findings.

7. Stay Motivated And Seek Support

Career planning is a journey, and I know how challenging it can be to stay motivated. Seek support from a network of supporters for encouragement, advice and new perspectives. Celebrate your achievements, no matter how small, and surround yourself with positive influences.

Consider joining professional associations related to your field, and use some of the platforms already mentioned to find mentors and join relevant groups. This network can help you celebrate your milestones and stay motivated.

Career planning involves steps like self-assessment, research and an action plan. By building a network and actively developing skills, you can start a successful career that matches your talents and interests.

Don’t be discouraged if progress seems slow; every bit of effort counts. Keep moving forward, and remember how each step helps bring you closer to your ideal career.

Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

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Talent development, L&D, career pathing to be key HR trends for CY25: Report

Interestingly, 69% of the responding gcc leaders acknowledged the importance of ai and data analytics in compensation and benefits planning.

• Updated Aug 14, 2024, 9:17 PM IST

A study conducted by ANSR Global found that 88% of the Global Capability Centers (GCCs) leaders identified talent development, learning and development (L&D), and career pathing as top priorities for the upcoming year, while over 70% emphasised leadership development and mentorship as crucial components of their L&D strategy.   The study was conducted across 100 leaders from GCCs to paradigm shift in critical areas of talent development and the innovative application of data analytics to attract, nurture, and retain top-tier talent.   Interestingly, 69% of leaders acknowledged the importance of AI and data analytics in compensation and benefits planning. This indicates a shift towards data-driven decision-making to optimise compensation packages and benefits offerings.   To address these priorities and leverage data insights, GCC leaders at the ANSR Leadership Forum (ALF) identified that AI contributes to the enhancement of HR functions through hyper-personalisation, skills-based differentiation, pay equity audit, deferred cash compensations, job evaluation framework, job evaluation framework, personalised skill development, etc.   Commenting on the findings, co-founder of ANSR Vikram Ahuja said, “In today’s competitive global market, talent stands as the single biggest asset for any organization striving for success. Our recent survey of tech professionals highlighted a crucial need for ongoing upskilling, learning, and development. Complementing this, our latest survey of GCC leaders reveals that they too are prioritizing learning and development, career pathing, and the nurturing of future leaders.”   He further added that as GCCs evolve into strategic partners for headquarters, investing in talent development and leadership growth is essential.   As businesses navigate a competitive landscape, the results underscore a paradigm shift towards prioritizing employee satisfaction and engagement as key drivers of sustained growth and operational excellence.   This comes on the back of yet another study conducted by Feedback Insights and CaptiveAide which revealed that over 52% of GCCs identified India's deep talent pool as a primary reason for choosing the country, spanning areas such as management, technology, engineering, and product development.  

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The creative visual ideas described in this book are so relevant for any student or alumnus you may be coaching. Whether your students are full time, part-time, in person, or virtual you will find this book using visual thinking to be incredibly valuable in your workshops and coaching! Meg Flournoy Career Management Center, Sector Director, Fuqua School of Business at Duke University

War latest: Ukraine destroys Russian bridge in Kursk region; Putin's forces capture territory in Donetsk

Moscow's forces have captured parts of Donetsk amid Ukrainian strikes in the region. Meanwhile, Ukraine has destroyed a bridge over a river in the Kursk region, Russian state news reports. Listen to a Daily podcast on how Ukraine broke through Vladimir Putin's "red line" as you scroll.

Friday 16 August 2024 17:48, UK

• Putin's forces capture territory in Donetsk - amid Ukrainian strikes on region
• Ukraine destroys Russian bridge in Kursk region - report
• Kyiv hints at plan behind invasion of Russian towns
• Ukraine's invasion bringing world to 'brink of a third world war' claims Russian MP
• 'We could lose': Russian state TV commentators gloomy over Kursk
• Anti-Putin group urges Russian soldiers to surrender and fight for Ukrai ne
• Putin aide claims NATO and West helped Ukraine plan attacks
• Michael Clarke : Pokrovsk in real trouble as Russian troops advance
• Eyewitness: Russian detainees in Ukraine reveal Kursk reality
• Listen to the Daily above and tap here to follow wherever you get your podcasts
• Live reporting by Jess Sharp and (earlier)  Katie Williams

Ukraine is "strengthening" its positions in Russia's Kursk region, but the frontline is still its "top priority", Volodymyr Zelenskyy has said. 

In a post on X, the Ukrainian president said the information came from a report by the armed forces commander-in-chief Oleksandr Syrskyi. 

Briefing Mr Zelenskyy via video link, Mr Syrskyi said Kyiv's forces were advancing 1km to 3km in the Kursk region. 

He also reported fighting in the area of Malaya Loknya - some 11.5km from the Ukrainian border. 

Posting about the report, Mr Zelenskyy said: "The Kursk region operation - we are strengthening our positions and replenishing 'exchange fund' for Ukraine. I am grateful to each of our warriors." 

"The frontline remains our top priority, particularly the Pokrovsk and Toretsk directions," he added.

Earlier today, Ukraine ordered the evacuation of Pokrovsk in the eastern Donetsk region. 

The order comes as Russian forces continue to push along the frontline in a bid to capture more territory in Ukrainian-controlled areas of Donetsk. 

Ukraine has destroyed a bridge over a river in Russia's Kursk region, Russian state news agency TASS has reported. 

The bridge, which crosses the River Seym, links areas of Kursk that are still controlled by Russia and areas where Kyiv has made advances. 

Its destruction has made civilian evacuations harder, TASS reported, citing Russian security officials. 

A mass evacuation is currently under way in the Glushkov district in the region, which is home to around 20,000 people. 

Earlier today, reports started to emerge that the bridge had been partially damaged in an attack. 

The Kremlin-aligned Mash Telegram channel then reported the bridge was struck by a rocket and had collapsed. 

Russian and Ukrainian authorities have not yet commented on the attack.

Last week, Ukraine launched a surprise invasion of Kursk, with Volodymyr Zelenksyy saying yesterday that his troops had captured the town of Sudzha in the region. 

Ukraine has set up storage facilities to hold and send aid to Russian civilians in Kyiv-held parts of Kursk, the country's interior minister has said.

The units have been set up in the northern part of Ukraine's Sumy region, which is on the Russian border and where Kyiv's troops launched their incursion from. 

Ukraine has said it has taken control of 82 settlements in Kursk after it launched its cross-border attack on 6 August. 

"The citizens abandoned by Russia are mostly elderly people, people with disabilities, and families with children," minister Ihor Klymenko said on Telegram. 

"They need food, water and medicine," he added. 

During a trip to the Sumy region, Mr Klymenko said about 150 food parcels had been sent to civilians in the area.

Kyiv officials have said they plan to create evacuation corridors from the Kursk region and to open access to international humanitarian missions.

Russia has called the Ukrainian incursion a "major provocation" and vowed to retaliate with a "worthy response". 

Ukraine's Olympic fencing champion has sold her sabre at auction to raise money for her country's war effort. 

Olga Kharlan's sabre sold for 10 million hryvnias (£188,075) during the auction for the Serhiy Prytula Charity Foundation. 

In a post on Facebook, the charity said: "Thanks to Olga for such a valuable artifact. 

"This sabre has already brought one victory, and its price will soon bring victories on the battlefield." 

Kharlan won Ukraine's first medal at the Paris 2024 Olympics after beating South Korea's Choi Sebin 15-14 for the women's sabre fencing bronze. 

At least two people have been killed and several have been injured after shelling hit a shopping centre in the Russian-controlled part of Donetsk, Russian state news agencies have reported. 

"Preliminarily there is information about at least two dead", the TASS news agency cited local operational services as saying, adding that the number of dead could rise. 

Local authorities were quoted as blaming Ukraine for the attack. 

In our 14.40 post, we told you the Kremlin-installed governor of the city, Denis Pushilin, had said the strikes sparked a fire of more than 10,000 square metres at the "Galaktika" shopping centre. 

He also said seven people had been injured.

The Donetsk region in eastern Ukraine was illegally annexed by Russia in 2022, despite its forces only partially controlling it. 

In recent days, Russia has been pushing forward to the northwest of Donetsk, with Ukraine ordering the evacuation of the nearby city of Pokrovsk in response. 

Pokrovsk, which has been in Moscow's sights for several months, is one of Ukraine's main defensive strongholds and a key logistics hub in the region. 

Its capture would compromise Ukraine's defensive abilities and supply routes. 

The Russian defence ministry has released a video purporting to show new recruits training for an "assault detachment". 

In the clip, which has not been verified by Sky News, a group of people in army uniforms run from the back of a vehicle and fire weapons across a piece of dry land. 

In a post on Telegram, the ministry said the recruits were practising capturing enemy strongholds at a training ground. 

It added that servicemen who helped capture a village in Ukraine's eastern Donetsk region were preparing the fighters for their units. 

Donetsk, which was illegally annexed by Russia in the early days of the war, is partially controlled by Moscow's forces.

Once the troops are trained, they will join forces fighting in the south Donetsk area, the ministry said. 

A shopping centre in Russian-controlled Donetsk city has been destroyed in what Russia has branded as a Ukrainian attack.

Earlier, Denis Pushilin, the Kremlin-installed governor of the city, said the apparent strikes sparked a fire of more than 10,000 square metres at the "Galaktika" shopping centre and injured seven people.

Black smoke has been pouring from the building in the aftermath of the blaze.

The eastern Ukrainian city of Pokrovsk is in "real trouble" as Russian forces quickly close in, says our defence and security analyst Michael Clarke .

While Russia is pulling forces from elsewhere, including Kaliningrad and the Crimea peninsula, in response to Ukraine's invasion of Kursk, troops are staying put in Donbas, where Russia has been making steady advances for months.

Moscow is focusing its efforts on the Donetsk region and a major push towards the key Ukrainian logistics hub of Pokrovsk is ramping up.

"That's where the Ukrainians are suffering. The Russians are still moving towards Pokrovsk," says Clarke.

"Pokrovsk is in real danger now, and I think the Russians are determined to try to take it even before they take back territory [in Kursk] to prove that they're not going to be distracted from it."

Clarke adds that the "risks are rising on both sides" with Russia and Ukraine both "putting more chips onto the table".

Volunteers in Moscow are packing trucks with humanitarian aid intended for residents of Russia's Kursk region.

Authorities say more than 120,000 residents in the border region have already had to leave their homes as a result of the Ukrainian invasion.

Evacuations have also been taking place this week in the adjacent Belgorod region.

At least seven people have been injured and a fire has erupted at a shopping centre after a series of Ukrainian strikes in the Russian-controlled city of Donetsk, a Russian official in the region has claimed.

Denis Pushilin, the Kremlin-installed governor of the city, claimed the strikes sparked a fire of more than 10,000 square metres at the "Galaktika" shopping centre.

Seven civilians, including a teenager, were wounded, he said, with no deaths reported.

Sky News cannot independently verify the governor's claims. A video posted online shows smoke and flames rising from a shopping centre, purportedly in Donetsk.

Alleged strikes come as Russia captures Donetsk territory

Mr Pushilin's claim of Ukrainian attacks comes as Russian forces advance and capture more territory in Ukrainian-controlled areas of the Donetsk region.

Earlier, the Russian defence ministry claimed its forces had taken control of the village of Serhiivka, while authorities ordered the rapid evacuation of the nearby city of Pokrovsk (see 11.16am post).

Pokrovsk, which has been in Moscow's sights for several months, is one of Ukraine's main defensive strongholds and a key logistics hub in the Donetsk region. 

Its capture would compromise Ukraine's defensive abilities and supply routes.

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Russia needs men so badly that its sign-up bonuses are nearly on par with the US military's

• Russia has raised recruitment bonuses to $22,000 to attract soldiers amid high numbers of injuries and deaths.
• The new pay package makes Russian military bonuses competitive with the US military's.
• The new bonuses have come as reports show Russia's military is bleeding the country dry.

Russia's army is bleeding, and it's raising its recruitment bonuses to US-military levels to draw in more men.

Russian media reported that new recruits in Moscow would get a new signing bonus of 1.9 million rubles, or about $22,000, if they signed contracts with the Russian defense ministry.

The announcement of the new payment said that, including the monthly salary and other benefits, these soldiers would make about 5.2 million rubles in their first year of service.

The bonus of 1.9 million rubles is nearly double Moscow's initial 1 million rubles , which was valid for people enlisting until November 25 last year.

Moscow's mayor, Sergey Sobyanin, pledged the new bonus via a decree on July 23, Russian media reported.

The new package puts Russia on par with the US Army's Quick Ship Bonus of up to $15,000, awarded to those who report for basic training within 30 days of enlistment for certain military jobs, according to the Army's website.

To be sure, the total amount for the US Army can be a lot higher if combined with other enlistment bonuses, reaching $50,000.

For example, qualified Army reserve recruits may be eligible for up to $20,000 in bonuses.

There's also the Ranger Bonus of up to $20,000, which qualified soldiers can receive after completing certain ranger training and reporting to their first permanent duty station.

With the new pay package, salaries in the Russian military are so competitive that they surpass those in the country's lucrative oil and gas industry .

Bloomberg reported that in January and February, workers in the oil and gas industry earned an average monthly salary of 125,200 rubles, or about $1,460.

Russian soldiers didn't always earn this much. Their salaries have increased vastly since the start of the war.

Russian President Vladimir Putin said on February 4, 2022, shortly before he started Russia's full-scale invasion of Ukraine, that a lieutenant received only 81,200 rubles (now worth about $946) a month, according to an intelligence update from the UK defense ministry in August.

Moscow's military is bleeding it dry

Moscow's new announcement has come as Russia's war with Ukraine stretches well into its third year and the Russian army continues to bleed men and money.

Related stories

Russia allocated at least a third of its 2024 national budget to defense. It would have to fork out about 6% of its budget —about $26 billion— for its promised payouts to its wounded and dead.

There's no lack of injured or dead soldiers; more than 70,000 Russian soldiers were most likely wounded or killed in Ukraine in May and June alone, the UK's defense ministry said in an update on July 12.

The UK's defense ministry said that, in total, the number of Russian personnel who'd been killed or wounded probably stood at half a million as of May .

A report by The New York Times on June 27 said Russia's military was losing upward of 1,000 men a day in Ukraine in May.

Apart from raising enlistment bonuses, Russia has resorted to a range of tactics to keep its army full, such as raising the conscription age from 27 to 30 and making it possible to call up reservists as old as 70 .

In April last year, Putin signed a law  allowing conscription notices to be sent to recruits through a digital government portal.

They could be punished if they don't report for duty, whether or not they have an account.

Representatives for the Russian military didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Watch: Drone footage shows thousands of Russians fleeing Putin's draft to fight in Ukraine

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