KPI’s for a recruitment start up.

How many internal meetings have you sat through listening to your boss set out the KPIs for their business – and your job?

The Key Performance Indicators that will measure how well you’re doing against their targets.

It’s pretty certain that, as a seasoned recruitment professional, you’ve got a good track record in meeting them. The track record of your being rewarded for doing so is probably not quite so clear cut though we’re guessing.

Which is probably why you’ve often thought about setting up on your own. Setting your own targets would come with being in control of your own destiny; and hitting them would generate your own rewards.

If you’re serious about that we’ve got a new definition for KPI – and we think it works for you, and us.

We see this three letters as standing for some essential elements in starting up a recruitment company.  

Knowledge. Progression. Innovation.

One at a time, they stack up like this.

Knowledge. To start up on your own you’re going to need industry and market knowledge. Frankly, if you’re considering starting your own recruitment company it’s likely to be a given. You’ve probably notched up five years or so experience, and almost certainly spent three or so of those in a specific sector, or running a desk. In fact, it’s your knowledge of the business that’s driving your ambition to start up and do it your way.

You’re also going to need support from people who have recruitment knowledge. We have that. Lots of it. At The Recruit Venture Group we have one aim; to help recruitment professionals start up their own businesses. And we really know the business. We’re the largest joint venture recruitment operation within the UK.

Progression. That’s what you want isn’t it? Career progression. Starting your own recruitment business opens up the potential for that in a way no internal promotion ever can.

To do it well though you’ll need to see progression as a goal of your own business. It’s not about starting up and standing still. It’s about getting started and growing. Building a business based on your own ideas is central to the dream. You’ll build it better if you offer something progressive – something that will leave the competitors behind.

And you’ll need great people behind you. We’re here. Progression is a byword at The Recruit Venture Group. We’ve grown to now have a combined sales turnover of in excess of £131 million. We support startups to launch and then stay with them, delivering guidance. We’re always up to speed with latest industry developments – because we’re dedicated to Progression. Ours and yours.

Innovation. A new business won’t succeed unless it’s seen as innovative. Why would a client, or a candidate, come to a new consultancy unless what it offered was demonstrably new? Or innovative? This is where you get to put into practice those ideas you’ve been harbouring on how better to service HR departments, speed up the service and care for candidates. And keeping your foot on the innovation pedal is key. Maintaining the momentum is what will make you stand out.

It’s what’s made us noticeable too. We’ve never stopped, and we never will stop, innovating. New systems, new techniques and new ideas are what underpin our growth. And it will help yours.

Fairly sure you have, as we mentioned earlier, five years or so experience, and around three or so of those in a specific sector, or running a desk, and you’re serious about starting up your own recruitment business we think you’re the sort of person we could help. And we really do offer a lot of help.

We provide 100% risk free funding. You’ll have shares in, and draw dividends from your own business. You’ll be able to pay yourself a salary too.

We’ll help with premises, and branding. We’ll give you access to our state of the art back office and systems. We’ll monitor your invoicing and keep your admin spot on.

 

Got your 2018 diary ready?

It’s the time of year for organising the new diary. More and more of us have gone electronic of course. But many a recruitment consultant still likes a paper based diary. There are even a few sightings of Filofaxes around the industry still.

But, whether you’re buying a new paper diary from Amazon or blocking in a few dates on your computer calendar, it’s still the time of year when you start to organise the dates and commitments for the next year.

Here’s the thing. Are you filling in the same old same old and beginning to get that feeling of ‘here we go again’? You know – holidays – oh, no, better wait until I know a) what weeks the boss wants to take and/or b) hang on until I know I can even afford a holiday? And then there’s ‘quarterly review’. Roughly the same dates as last year and exactly the same things – can you do more, for no more reward. Pencil in that conference they said you could go to last year but budgets meant you got stepped down at the last moment. Still they said I could this year. But best to just pencil it in at this stage.

And what’s this, written in the back pages of last year’s diary.

‘Things to achieve this year’. ‘Get promoted’. Didn’t happen. ‘Start my own business’. No, that didn’t happen either.

It’s all a bit ‘familiar’ isn’t it?

Ah yes – there are those other notes you made at the back of the diary sometime last year – and the year before – about starting up on your own. ‘Find finance. Find premises. Don’t launch until I have fully operational systems’.

It all proved a bit too much like hard work didn’t it? The action list became more of an obstacle course and then nothing happened.

So do it differently this year. Aim higher still. Set a real target. ‘ I will start my own business’.

And top of the new action list should be ‘Talk to The Recruit Venture Group’.

We’re here solely to help recruitment professionals start up their own businesses. Our business model is proven, all over the country, and our track record is one of growth.

If you’ve got five years continuous recruitment experience, and you’ve spent three years or so running your own desk, or specialising in a sector, now could be the best time ever for you to talk to us about starting up.

We provide all the legal help you need, and we help with premises. You get 100%, risk free, financial backing, and access to our back office systems. In other words you get solutions to all those problems that thwarted your previous plans.

You’ll be running your own business, holding shares in it, and drawing dividends. You’ll be able to draw a salary too, and that’s a huge relief when you’re a new start up.

This could be the year that’s not the same as all the others. This could be your future taking shape. You could be running your own company this year. And running of your own diary too!

 

 

Be In it for the long term

When you launch your own recruitment company your initial concerns are obviously very much to do with the short term. That’s not to say you won’t have thought about the future, but the fact is there’s a lot to do to get up and running. And it’s exciting too. You’re living in the moment.

It’s a moment of finding premises, arranging finance, hiring staff (ironic – but true!) and getting your systems up and running. And of course finding clients. And candidates. It’s about making you mark.

But moments turns into days, and weeks, and months, and years. The long game is important, because it’s your future you’re dealing with. There’s every reason to believe that it will be a bright future for you. But, if there’s one downside to the future it’s simply that nobody can accurately predict it.

Who for example, a couple of decades ago, could have predicted the massive increase in technology and I.T. jobs? It’s a market that’s changed out of all recognition. In fact some recent research shows that it’s real estate jobs that have increased even more than science and technology, and no-one was predicting that. Neither were any experts foreseeing the drop in manufacturing roles, or agricultural jobs.

The point is that to run a recruitment business you need to be hard wired into research, trends, sociological changes and market developments. And that is a challenge and requirement that many an entrepreneur overlooks in the heat of the launch. Often they realise it too late, when that heat has cooled down to a chilly budget forecast for the next quarter.

Getting it right from the start is essential. Which is why we’ve developed a package specifically for recruitment professionals who want to start up their own businesses – and stay in business way beyond the start-up period.

Firstly, we’re there with you from the beginning.

With full financial backing to launch your business, plus the autonomy that comes with shares and dividends in your own company, you’re supported from the outset. That’s 100%, risk free, financial support by the way.

Able to pay yourself a salary from the start, you’ll have that extra peace of mind that allows you to focus on your business and with our complete back office and support system you can run things your way, with our back up.

Secondly, we’re in it for the long term, as we know you will be. We’ll have the data and research to keep you aware of what sectors are growing, and which ones aren’t. We don’t have a crystal ball, no more than anyone else. But we do have more experience, more knowledge and as much resource as anyone. And it’s there for you to use. For all the years to come.

So if you’re a recruitment professional with around five years consecutive experience in the recruitment industry, and ideally three years track record within the same sector, and you feel it’s time to start up your own recruitment business, talk to us.

We’ll get you started. And stay with you for the long term.

If you tick those boxes, APPLY NOW

 

GDPR – it’s getting closer

It’s something we’ve commented on before, and we probably will again, but the GDPR issue is getting hotter by the day.

On the domestic front you may feel that Christmas is getting closer, but in business terms May 2018 is just around the corner too.

 For all the talk about Europe just now, one thing is certain. By May 2018 the General Data Protection Regulation will be in force. It’s going to apply to any UK company dealing with the EU. And don’t think for a moment that BREXIT will get you off the hook. It won’t. When we’re out of Europe we’re still going to be in the GDPR.

You’ll know by now that General Data Protection Regulation is aimed at ensuring that companies ‘take care of and respect’ the personal data they hold on customers, and indeed prospective customers.

But how much do you know about the details and implications of it?

Do you know about the fines for example? They can be ‘up to €20,000,000 or 4% of Global Turnover of a business, whichever is the higher’. That’s costly, but it brings the potential collateral damage to a company’s reputation as well.

How about training? Compliance will be everything and to deliver that you’ll need staff who are properly trained. It’s complicated you see, because the rules are that you don’t just have to comply – you also have to demonstrate how you comply.

And that means a whole lot more record keeping and updating of I.T processes, and the security of them.

Weak security will cause problems other than the obvious ones. For instance, any significant data breach will have to be reported – more admin! – to the local supervisory authority within 72 hours. On top of which a personal breach has to be reported ‘without undue delay’ to the ‘subject’ of the breach.

Now, you might feel that, as someone giving serious thought to setting up a recruitment business, all of this is not relevant to you. The catch is that the more serious you are about setting up, and the more serious you are about growing your business, the more relevant it becomes.

For a start you’ll have responsibilities concerning candidates. You know, those people whose personal data you hold. See the point?

And then there are the clients. You’ll want to aim high, so you’ll be talking to businesses of a certain size, and the chances are that they’ll be dealing with the EU.

Yes, the BREXIT word comes up again, but let’s be frank. Whatever happens, and however new deals are struck, commerce with European countries and companies is not going to stop is it? Many of the quality companies on your target client list will be just the sort of people who are determined to seize the positives out of the coming changes.

So, if you’re getting closer to starting up, you’re getting closer to some new responsibilities. Just when you need to be focusing on what you do best, and love most, which is recruiting.

At The Recruit Venture Group we specialise in helping recruitment professionals start up their own businesses.

We guide you through the legalities of setting up, helping you to arrange premises, branding, website and marketing.

Vitally, we provide 100% risk free funding. You get shares in, and dividends from, your own company. You’ll be able to pay yourself a salary from the start, giving you the peace of mind to concentrate on recruitment.

To help you do that really well you get full access to our back office and systems. That’s even more peace of mind. Cash flow and invoicing all taken care of.

But here’s the thing. We have other resources for you. Expert advice and guidance on big issues. Issues like GDPR. We won’t let you fall short in running your business – note that, your business – when it comes to legislation and regulations.

We’ll be providing quite a package, so we do need to know that you have five years consecutive experience in the recruitment industry, and ideally three years track record within the same sector.

If you do, and you’re close to starting up, get close to us.

 

Risk

The last thing a recruitment start up wants.

The business world is full of lists. Leaving aside the check lists and ‘to do’ lists that you probably live by, there are the lists of ‘key attributes in business’, ‘the top ten things a startup needs’, ‘the five worst things people have ever done at the office Christmas party’…..moving on.

Oddly, in a recently published list about entrepreneurial qualities, ‘Risk Taking’ came last. It makes sense if you see it as something you really don’t want or need. And yet, not to take risks is seemingly counter intuitive to being an entrepreneur.

At The Recruit Venture Group we tend to put risk taking a way down the list though. Steady, but far from unimaginative, management is what’s got us to where we are as the largest joint venture recruitment operation within the UK. We don’t take risks lightly.

More importantly we realise that it’s risk, and the fear of it, that stops would be recruitment startups from getting started. The risk of going it alone, without the security of a regular salary. The risk of borrowing money to get started and then having to pay it back. The worry of personal domestic bills; the effect on lifestyle.

Sometimes even the most ambitious recruitment professional, with all the right ideas, can falter because they perceive that there’s too great a risk.

That’s why the very foundation of our business model is 100% risk free finance. That’s what we deliver. With that, and our full support, including use of our sophisticated back office function to drive your administration, a startup can focus on the key tasks of building the business through acquiring candidate and clients, and concentrating on the service.

With that comes the ability to draw a salary from day one. And with that comes a stability and ease of mind that serves to further the focus even more.

Helped from the earliest stages with premises, branding and legal issues a joint venture partner with us is as free of risk as any start up business can be.

And our risk? Well, we certainly look to minimise it. For example we want to know that you’ve had five years continuous experience in recruitment. That you’ve spent three years or so running a desk or concentrating on a particular sector. We want to see your business plan.

So far we’ve done rather well. We have joint venture partners all over country. And they’re doing well. Because they can get on with the job without worrying about the risk. They grow. We grow. We can help more people. People like you.

 

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