Tuesday, February 3, 2009

Things to Know When Putting Up an Employment Agency

By Alice Sy

If you are on the lookout for a new business to establish in Hong Kong, why not consider putting up an employment agency, particularly a domestic helper agency. The potential of a business like this is big especially now that the demand for housemaids in HK is high. Should you feel interested in getting into this type of business, here are some of the things to consider:

Calculate how much your capital should be. Every investment involves money. You will need to buy some pieces of equipment and office materials. There might also be a need to hire your office staff. Therefore, make sure that everything will fit into your budget.

Try to find out how things are with your business competitors. Make sure that your business will be competitive enough. Check on their rates as well to give yourself some ideas on how you should charge.

In putting up a domestic helper agency, you will be required to secure permits and other necessary documentations. You cannot operate legally without these, so be sure to gather all the information that you will need in line with this issue such as the "where tos" and the "hows".

Decide where your office site will be. Would you rent a space or is it your preference to situate it in your home. Some business owners chose their homes to become their business base. This is to save both time and money on their part. Whatever your choice will be, you have to make sure that your place can easily be accessed by your applicants.

Have a dedicated phone line installed for your business use. Make a decision too if you want the calls to be diverted to another phone, particularly your personal or home phone after office hours or if you will get an answering service. One good solution for this is installing an answering machine or a voice mail.

Establish your marketing strategy. You can hire marketers or post announcements on different classified ads offline and online to get clients. You can also tell your employees that they will be given a reward for each referral that they make.

Job orders should be continuous; lest, you won't have anything to offer to your applicants. The more job orders there are means more business, and more business means more income and more help you can give to those people who need jobs.

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