Natalyia:
I have read Suzanne4 postings commend her for her candor. I think she fails to tie it all together with what I have come to find is the most critical point and most often missed by new start ups - CAPITALIZATION and what that starting point is for a staffing agency.
Be VERY aware of those people who state that you can start with nothing. That just doesn't happen! Suzanne correctly points out that there are so many hidden expenses that you will have to deal with and sometimes pay up front.
Nine years ago I started my agency. We have now expanded in two different states and serve over 40 different health care facilities. Our growth has been both "organic" (expansion purely within the internal business structures) and through acquisition (purchase of other small agencies). We (my company) has seen the pitfalls and reaped the rewards of this growth.
PLEASE - do not get sucked in by these postings of "START UP FOR NOTHING!" or "I DID IT WITH LESS AN $100!" Ultimately I believe that these people will be selling you something. Continue to talk with people like Suzanne who are experienced and realistic.
Good luck.
Michael
Originally Posted by natalyia hello suzanne4,
just a few questions about your last comment re:starting an agency. you wrote about expenses that one would need to worry about, what sort of expenses are involved other than the obvious supplies needed, and a cushion of money in the bank to pay nurses bi-weekly in lieu of payment from the hospital? Also, what type of insurance are you referring to? is the insurance for your agency and for the nurses separate? and like thompsonlpn, i too would like info on what the current bill rates are. i understand your point that there are other issues to consider but we still need to know the competiton's rates otherwise we may get laughed out the office when trying to garnish a contract!
please help!
thanks,
natalyia.
Started an Agency
Nursing News