Thinking of starting your own recruitment business. Good on you. I give you credit for that but stop and think for a moment, because it’s possible that you might not find getting credit from other people quite as easy.
Starting Your Own Recruitment Business
ill-give-you-credit
I Give You Credit, But Will Everyone?
So, you’re thinking of starting your own recruitment business. Good on you. I give you credit for that.At the risk of putting a damper on your plans though, you need to stop and think for a moment, because it’s possible that you might not find getting credit from other people quite as easy.
I’m not saying that you won’t be congratulated and thought well of by your colleagues, friends and family. I’m sure they’ll all wish you well. But when it comes to credit in the financial sense you may well find a problem.
Have you noticed how ‘credit aware’ the world has become? You’ll have seen tv advertising for credit checking agencies, and advice on how to improve your credit score. That’s something that would have been unheard of a few years ago. Finance people are very careful when it comes to extending credit – to anyone, let alone a startup business.
And of course there’s that other trap. Supposing you’re the sort of person who has no debts. You’ve never borrowed money before. Ironically, that won’t help you. If you don’t have a track record of borrowing money, and paying it back, lenders don’t like lending to you.
On the other hand, if you have borrowed lots of money, and even if you’re paying it back promptly, they don’t like that either. They’ll see you as too stretched.
But, of course, you’re going to need credit to set up your business. It’s possible that you’re sitting on a ton of cash, in which case, fine. In reality though, it’s fair to assume that, like most people, you’re not a cash rich millionaire. Which means that when you start up, you’re going to be in a period of more outgoings than income. At least for a while.
And those outgoings aren’t going to be fast cars and a faster lifestyle. Well, not if you’re sensible anyway. They’re going to be (sensible!) company cars, mobile phones and their contracts, computers and office equipment, and of course the highly likely finance charges for a loan. If you can get one.
Which brings me back to my point. You will need credit. And it might prove difficult to find.
That’s one of the reasons we do what we do. Which is help recruitment professionals set up their own businesses. At Recruit Ventures we have a business model that provides 100% funding, a guaranteed salary, no personal financial risk and access to a full back office support function to support start up recruitment businesses.
It means you’ll have the financial room to breathe, allowing you to concentrate on growing the business, even during those challenging first months when the financial pressures can be demanding. And you won’t be spending your time trying to arrange credit.
So, if you’re a recruitment professional, with five years plus experience, and ideally a good three years in your specialist sector, and you want to start up on your own, we can help.
Going it alone is a big, exciting thing. I give you credit. Email me John Buckman on info@recruitventures.com
You can also find out more about Recruit Ventures unique business model at www.recruitventures.com
Author
John Buckman is chairman of Recruit Ventures and a true entrepreneur himself. Having launched and grown many successful businesses especially within the recruitment sector, John’s expert knowledge and experience grants him the opportunity to offer advice and support to others in the industry considering setting up on their own.