Plan for these key stages within your own recruitment company – Forming. Storming. Norming. Performing.
All good strategies have key stages, or ‘milestones’, embedded in them. It’s a way of breaking the big tasks down into manageable chunks.
Back in 1965 Bruce Tuckman developed a management organisation theory suggesting that groups of people form by going through the stages of Forming, Storming, Norming and Performing.
He may not have seen the idea as being directly related to the setting up of a recruitment business but we think it’s extremely relevant. And in our experience it’s still applicable today.
We may be taking a few liberties with the learned Mr Tuckman’s hypothesis but as ‘labels’ to put on the important phases in setting up on your own those words work rather well.
Forming.
You have to start somewhere. And that means, initially, having the will to do it. It means asking yourself if you can do it; go it alone and run your own business. It also means actually setting up the company, and registering it as a legal entity. And of course it means getting the necessary financial backing in place.
Storming.
Ready to make your mark! All fired up and determined to succeed you attack the market with real force. Nothing can stop you now. Well, except perhaps that if you haven’t got the appropriate levels of back office and system support your efforts could crash and burn in an admin meltdown.
Norming.
It settles down. It’s not that you lose any of your vigor or enthusiasm. It’s more to do with finding your place in the market, establishing your brand’s identity and consolidating your position.
Performing. In theory then this is when you really start to perform. Teething problems soothed, cash flow stabilised and all systems go you can get on with developing your business and building your future.
It all makes perfect sense. You can see the rhythm of it. But, it’s a lot to do when you’re all on your own. From those legal discussions to set up a company, to finding the right finance; from having all the systems in place to be able to storm the market effectively, to withstanding the peaks and troughs of early days cash flow; from finding the time to work at building your brand as well as run the business to sitting down and planning your future – it’s a huge amount to do, on your own.
That’s why we do what we do. At The Recruit Venture Group our start up solution is designed to help you Form, Storm, Norm and Perform.
With our full financial backing to launch your business, plus the autonomy that comes with shares and dividends, you can get on with what you do well. With our complete back office and support system you can do it better. And best of all, you can run your own recruitment business without running a risk.
Able to pay yourself a salary from the outset you’ll have that extra peace of mind that allows you to focus on your business. So if, as a recruitment professional with around five years experience, you feel it’s time to start up your own recruitment business, Apply Now
We’ll be with you at every stage – but it will be your business you’re running.