Should You Start Offering Payroll | The Realities of Starting and Running a Payroll Company

Should You Start a Payroll Company? The Pros, Cons & Pitfalls Explained

In this Payrollin’ episode, Matt explores the realities of starting and scaling a payroll business with John “JMS” Mason-Smith, CEO and Co-Founder of HireWith. John shares his journey of building, growing, and exiting a payroll company, offering insights into client needs, operational challenges, and competing with industry giants.

🖥️ Need an easy-to-use White Label Payroll Software solution?
https://www.guhroo.co/white-label-pay...

Topics include:
• The four types of people most likely to start a payroll company
• Why payroll can be both a cash cow and a source of headaches
• Common pitfalls including underpricing, unrealistic timelines, and poor client fit
• How niching down creates a competitive advantage
• Sales strategies for competing with ADP, Paychex, Paylocity, and other giants

👉 Whether the goal is to launch a payroll firm or simply understand the industry, this episode offers valuable insight from leaders who have lived it.

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🗣 If you lead a payroll company, this is for you. Join the Payroll Innovation Group for insights, playbooks, and conversations that move the needle.
  / payrollinnovation  

💡Take your payroll company to the next level. Get expert strategies for rapid growth!
https://go.guhroo.co/payroll-company-...

🖥️ Need an easy-to-use White Label HR Software solution?
https://www.guhroo.co/white-label-hr-...

💸 Maximize your value when selling your payroll business or making a partial exit
https://www.guhroo.co/solutions/payro...

🚀 Marketing Case Study: How We 10x'ed Our Inbound Leads!https://www.guhroo.co/case-study/

💼Three Keys to Expand Your Payroll Business. Learn the top tactics to scale and grow your payroll company

   • Three Keys to Expand Your Payroll Business  
📘’Ping-Pong is not a Strategy’ - Matt Vaadi’s bestselling book gives insight on creating an awesome culture. https://a.co/d/aCYbX2U

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🔴Connect with guHRoo Payroll & HR Visit us: https://guhroo.co ➡️ Subscribe:   / @payrollinpod  
👉About the Host
Find Matt on LinkedIn here:   / mattvaadi  

👉About the Guest
Find John on LinkedIn here:   / johnmason-smith  


Should I start a payroll company?

How much money can you make owning a payroll company?
What are the risks of starting a payroll business?
What is white label payroll?
How does white label payroll work?
What’s the difference between running payroll yourself vs outsourcing?
How much does it cost to start a payroll company?
What software do you need to start a payroll company?
How long does it take to launch a payroll business?
Should You Start Offering Payroll
The Realities of Starting and Running a Payroll Company