Let’s have a purpose

Let’s cut to the chase. You want to start up your own recruitment business, and we can help.

At The Recruit Venture Group we specialise in just that. We have the experience, and the resources. Not to mention the track record. Over 40 recruitment professionals have become joint venture operations with us and The Recruit Venture Group continues to grow, with turnover in excess of £131m.

As a joint venture with us you get 100%, risk free, finance. We’ll guide you through the legalities, help you find premises, sort out your marketing and give you access to our back office systems so that you’re fully, and reliably, operational from the day of your launch.

On top of all that we’ll nurture you, helping you grow. It will be your business, and you’ll have shares in it, and draw dividends from it. There are no financial setup fees, no administration worries, and you’ll be able to pay yourself a wage every month from the day you launch.

Why do we do it?  Because we have a purpose. And that purpose is to back entrepreneurial recruiters, like you, to build businesses of their own. All of our team know that’s what we do. And they work with us to achieve it.

Without blowing our trumpets it seems that we’re doing the right thing. There have been comments in publications and on social media recently about organisations who either don’t have a purpose, or, and this is perhaps even worse, they do, but they don’t communicate it to their staff.

The comments are driven by some research, carried out by the O.C. Tanner Institute, who found that ‘1 in 5 UK employees don’t know their organisation’s purpose’ and ’41% think that their employer is only in business to make a profit’.

And it gets worse still. It seems that among those businesses that do have a purpose ‘just half of UK employees say that it actually motivates them’.  And -there’s more – ’29% feel their organisation’s purpose does not reflect what’s so important to them’.

Two main things emerge, as far as we’re concerned.

From our own point of view we do, and we’ve already made the point, have a purpose, and we most definitely communicate that to our team. They are all on side and fully aware.

From your point of view you need to be mindful of the need for a purpose in your own business when you start it. Obviously, starting your own businesses is ultimately one of the most important decisions you’ll ever make so make sure it is the right decision for you and your lifestyle. You will want the rewards that you’re probably not getting as an employee. But it goes deeper. Think about the level of service you want to deliver. The ‘ethos’ you want to instill in your team. Think about what will make your recruitment business better than the one you work for, and better than others on your patch. Have a purpose. And communicate it your team.

Doing that of course means you need the time and space to think. The freedom to plan and evolve strategies. The opportunity to not be shackled by details and administration when you could be winning clients, helping candidates and motivating your staff.

It sorts of fits rather well with our purpose doesn’t it? With the level of backing and support we provide you’ll have that liberty and peace of mind to define and deliver your purpose.

 

It comes in, it goes out…

It’s a different take on cash flow.  In a new business the problem is that there’s often more ‘take’ than ‘give’.

Those early days can be a worry, with bills and salaries going out, before income come in. In essence that’s the definition of cash flow. It comes in, it goes out, and if the business is run properly there’s some left over.

But actually there’s another problem sometimes and, ironically, it’s often created by the very enthusiasm and zeal that drove the recruitment professional and new  entrepreneur to start up in the first place.

Let’s paint a familiar picture. A seasoned recruitment consultant is frustrated by the job. Running his or her own desk the consultant is effectively running a business of their own anyway. But without the rewards. Ambitious and full of ideas on how to create the best consultancy the area has ever known they decide to do it. They leave – to go solo. Maybe it’s a bedroom start up. Maybe it’s a bit more substantial. Maybe the plan was to take an office but somehow those clients that were supposed to leap across to the new business didn’t do it, because there were some contracts that got overlooked in the excitement, and then there were those clauses in the consultant’s contract that were similarly overlooked but come the day revealed that there were rather a lot of restrictions on just what he or she was allowed to do. So suddenly it is a bedroom recruiter business. Lots of potential. But smaller.  Not quite the original dream.

Either way, or perhaps after breaking out of the bedroom, the business needs finance and, somehow or other, a loan or an overdraft got sorted out and now the aforementioned recruitment consultant is the boss, and there’s some money in the bank. Right now. Not thirty days after invoices went out. It’s there now.

It’s brilliant! No longer constrained by internal requisitions, or the stern face of the Finance Director, our new boss can do whatever they want. It’s their business after all.

New furniture? New signage? Total rebuild of the website, because let’s face it the current one is only that downloaded template put together to get something up there. Or, wait, a new car? It’s important. No really it is. It’s the face of the business when visiting clients. It says something about the business. Really.

The point is, and perhaps those predictions are a little harsh (then again, are they?) that the excitement of running your own business, having the very autonomy you craved, can make you spend too fast and too soon.

Suddenly the cycle of ‘place the candidate, send the invoice, thirty days later get paid’ isn’t the cause of the cash flow dilemma. You are.

We’ve got a different take on that.

At the Recruit Venture Group we provide 100% risk free funding, shares in, and dividends from, your own company and full access to our back office and systems. We guide you through the legalities of setting up your own business, help with branding and websites and provide even an invoicing service.

Supported to that extent you’re able to pay yourself a salary, and benefit from that stability and peace of mind.

It will be your business, but as one of our ever growing number of joint venture partners you get the best of both worlds. Autonomy for sure. But a watching eye, a friendly mentor too. We won’t pour cold water on your enthusiasm, but we’re there to ensure you don’t let the company credit card get overheated either.

In truth, after we’ve set you up as a company, sorted the legalities, arranged premises and covered the website and marketing you shouldn’t need to buy much before the first income arrives anyway. But we’re there. Just in case.

 

The Recruit Venture Group Appoints New Director Mike Watts

The Recruit Venture Group (TRVG) has strengthened its management team with the recent appointment of Mike Watts as Support Director.

With plans in place to grow The Recruit Venture Group into the largest UK joint venture recruitment operation over the next 10 years, Mike’s role will see him support Managing Director, Paul Mizen and its management team in moving the group forward.

“I am pleased to welcome Mike to the business and believe he will be a real asset in helping us achieve our 10-year plan said Paul Mizen. “Mike will be responsible for supporting our existing Jark Joint Venture Partners, working closely with the owners to help them achieve their goals alongside supporting myself in sourcing and recruiting new partners to grow our business”

Mike first began his career in recruitment 17 years ago with Hays Recruitment, moving on to Meridian Business Support where he spent the next decade building teams, winning work and growing their business. Mike joins TRVG from Interaction Recruitment bringing a wealth of industry knowledge across multiple sectors and real experience in developing and growing offices.

“I have quickly embraced the culture of The Recruit Venture Group and become very excited about the challenges that lie ahead” said Mike. “Having visited many of the business owners already and attended the recent Recruit Venture Group Recruitment Awards in London, I have been provided with a great introduction into what the business strives to achieve. I remain confident that in using my own experience, knowledge of the recruitment industry and drive to achieve results, I will support everyone in achieving their own goals.”

If you would like to know more about The Recruit Venture Group and its plans to grow the largest UK Joint Venture recruitment operation by 2027, Click Here .