| Is Medical Staffing Profitable | | | | to begin billing after one year one million dollars. |
| | | | The gross margin then will be roughly $250,000 and |
| I wanted to set the record straight and tell all my | | | | say you use $100,000 for internal expenses. That |
| readers that indeed the medical staffing industry is | | | | means you are left with $150,000. |
| very profitable. Infact, no other industry has such an | | | | A company I helped consult for after five years doing |
| ease of entry with lowstartup capital. | | | | business was billing 5 Million dollars a year. She paid |
| So how much can you make? Ok, let’s look at the | | | | herself $200,000 a year and used the rest of the |
| numbers. | | | | money to rent a nicer office, hire recruiters and hire |
| Let’s say you start your medical staffing agency | | | | more internal staff. |
| specializing in either nursing staffing, radiology staffing | | | | So is medical staffing profitable? Yes, it is. |
| or any field in the medical staffing industry. | | | | Is the business easy to run? No more easy than any |
| With less than a couple of thousand dollars you can | | | | other business you may own. |
| basically have your entire business up and running. | | | | Is it challenging? Any business you run has its |
| Profit begins almost instantly once you begin to provide | | | | challenges. |
| staffing. | | | | Is there risk? Any business has risk. |
| The industry standard for gross profit is between 15% | | | | What I have learned from running other businesses is |
| to 25%. The gross profit margin is what you use to | | | | that you will not find the perfect business to start that |
| pay yourself, pay your rents/utilities, pay internal staff | | | | has no problems associated with it. The best thing you |
| and any legal or marketing expenses you may have. | | | | can do it start a business that you know something |
| It is not impossible for a new medical staffing agency | | | | about,enjoy and can be profitable. |