A couple of things to consider when you’re starting your own recruitment business.
Freedom – yes. Freebie – No!
There is no doubt that high on the list of motivations for starting your own recruitment business is ‘freedom’. Breaking out of being an employee, taking control of your own destiny – these are the things that come up time and again in research polls.
Ask a recruitment consultant why they’d start up on their own and you’ll find ‘freedom’ in the answers as regularly as you’ll find ‘making money’.
It’s totally understandable. It’s the opportunity to take your career
to the next level, put your own ideas into practice and have a real stake in your own future.
With all that freedom though there does come the fact that, to put it bluntly, the buck stops with you. It’s your business.
All of which is fine, except you do have to consider the danger points. High on that list is the process. The system. You have to get it right. From first registration of a candidate, to interview and placement, and on to contracts it has to be faultless. It’s about ensuring the process is correct and, just as importantly, being certain that candidates and clients all understand the details of who is signing for what.
Obviously this matters because if “the system” goes wrong it damages your reputation. But in the short term it’s damaging financially. The simple fact is, if the system isn’t fully and correctly adhered to, in many cases your client is going to take the placement – but as a ‘freebie’ by way of compensation. Ouch!
That’s going to hurt any consultancy, but it will sting a startup much more.
The early days, when cash flow is tight and the reputation is new, are not good times for giving out free placements.
It’s why we’ve always seen the system, the process and the back up as being equally important as the initial funding. When we developed The Recruit Venture Group we were determined to put together the ultimate solution for recruitment startups.
Which means that over and above 100% financial backing to launch, a line of credit, help with branding, premises and marketing we support you with tried and tested, industry specific, systems and processes. They work.
The knock on effect is that you can work at building your business, confident that the back office is behind you, delivering seamless administration while you’re out there winning clients.
The fact that you’ll be able to pay yourself a salary from day one helps quite a bit too!
If you have five years relevant, unbroken, experience and a demonstrable track record. Apply Now
We’ve got the funds available to give you the freedom you want. We’ve got the processes and systems available to avoid you giving out the freebies you don’t want.