Starting Your Own Recruitment Business It’s A Minefield

The ‘minefield’ we refer to is the ‘legal minefield’ you’ll face if you try when you plan to start a recruitment business on your own.

Start talking….

Ok. There are many terms …Sole Trader, Limited Company, Ordinary Partnership…….?

Pardon?

They’re just three of the ways of registering a business., Then you have to think about registering your business. HMRC will want to know. There’s the question of VAT whilst we’re talking HMRC…..

Stop with all the initials for a moment.

Confusing isn’t it?

Right. I need a tax expert and someone who knows about registering a business.

They would certainly be early and essential requirements. Next up you’ll need to make sure you’ve not infringed any copyright with the brand name you’ve chosen. You have chosen a brand name? And had it turned into a proper logo design, by a professional? Good. So now you need to get copyright law advice.

Keep it coming. Or is that it, as far as legal help is needed?

It’s not over yet! You need to check out your standing on Data Privacy Laws.

Data Privacy Laws? What?

Hmm, yes, this one often comes as a surprise to consultants starting up on their own. The fact is it’s been sort of looked after for you while you’ve been employed. To say you’ve taken it for granted is a bit harsh but…..

Alright. Point taken. Explain!

Recruiters have to comply with the Data Protection Act 1998. You’re going to be handling confidential information every day – it goes with the territory. You have to guarantee that the information you have access to is:

Used fairly and lawfully
Used for limited, specifically-stated purposes
Used in a way that is adequate, relevant and not excessive
Accurate and where necessary, kept up to date.
Is that it?

No. You have to also guarantee that the information is

Not kept for any longer than is absolutely necessary
Handled according to people’s data protection rights
Kept safe and secure
Not transferred outside the European Economic Area without full and adequate protection.
I’m sensing there’s more to come….

Well, let’s leave Data Protection for a moment.

Have you sorted out any issues regarding ‘Non Competition’ and ‘Non Solicitation?

NO!!

You haven’t. Oh dear. Well If you’re leaving your job to set up on your own you’re probably hoping that some of your current clients are going to follow you.

Be careful.

You need expert legal guidance on your contract, and what it allows you to do, and not do. You could even find that there’s a clause preventing you from working in the same area for a certain period. It’s all worth checking out first don’t you think?

OK what next

Well…… there are a lot of insurance issues –

Liability for instance – for staff and public.
National Insurance of course, because you’ll be hiring staff, which takes us back to HMRC.
DBS – they used to be CRB – checks are essential if you’re working in certain sectors.
Employees’ rights, which affect you of course because not only will you be recruiting staff for clients, you’ll be hiring staff for yourself……
You’re right. It’s a minefield.

How do I get through it?

Actually, you don’t even have to step into it. We’ll do it all for you. Recruit Ventures offers 100% funding for starting up your own recruitment business, and so much more. It’s your company so you’ll have shares and dividends, but with our backing you’ll have zero financial risk and access to tried and tested back office systems and support.

And, essentially we provide full legal guidance. From registering your brand, through all of the tax, insurance and legal issues, we’ll be there for you.

Your help sounds a lot safer to me… How do I find you?

Just one e mail, and we could be talking. Avoid the legal minefield, by contacting us now at info@recruitventures.com or click here

It’s A Good Time To Start A Recruitment Business You Can Bank On It!

So why now is a good time.

A leading bank – we don’t name names – has published their research on entrepreneurship within in the UK and it seems we’ve as a nation become more entrepreneurial than ever!

Tell me more.

The report says that ‘The extent to which people perceive business opportunities in their region, and view entrepreneurship as a desirable career choice, are both at a significantly higher level now…’ And it’s been rising since 2011.

Got any more data?

Actually we do. Not only do more people see starting up on their own as a good move, the proportion of the population who see good opportunities to establish a business in their region has risen by 42.1%.

OK, so lots of people think it’s a good idea but why should I?

Three main reasons really.

Firstly, if the UK is increasingly full of new businesses, of all sizes, they’re going to be looking for staff aren’t they? We figure that means there are opportunities for recruitment businesses – just like the one you’re thinking of starting!

Secondly, the research would seem to indicate that starting up your own business is an increasingly viable, increasingly attractive and proven means of furthering your career and enhancing your lifestyle.

That’s quite a lot of reasons actually. I’m guessing the third one is it’s a good time to talk to that bank and sort the finance to launch my recruitment business.

Ah. That wasn’t quite where we were going with this. We’ve nothing against the banks. and yes you’ll need a business banking partner. But, is a bank the best place to go to arrange finance for a new recruitment business? We think possibly not.

There will be a lot of conditions with a business loan – if you can arrange one. And, to be frank, do the banks really understand recruitment? You’re experienced in the sector, so you know the oddities of cash flow that can impact on a consultancy. When you’re running your own business they can sting even more. Especially in the early days.

So what do you suggest?

Funny you should ask that as we have a suggestion. Recruit Ventures provides a complete package for start up recruitment businesses. You get shares in, and dividends from, your own company, plus the ability to pay yourself an salary from the day you launch. All that and your backed with 100% funding so there is no personal capital outlay and ALSO you’ll also have access to our back office systems and support.

I take your point. ..so total support, from people who know about recruitment.

We couldn’t have put it better ourselves!

Can we talk about this please?

Certainly. Just e mail us at info@recruitventures.com

And you really do help? And you really do believe this is a good time to start?

You can bank on it!

Thinking Of Opening A Recruitment Business? Put It There Partner?

Well, I am thinking of starting up on my own, but what’s with the partner thing?

If you’re starting a new business, you have to consider the options. Going it totally alone is possible of course, but often you need a partner.

Why?

They could provide the financial backing. Or they could offer help in return for a share of the business, and its profits.

This is already sounding more complicated than I’d thought.

Sorry, but it’s going to get more complex than that. You’ll need to register a partnership with HMRC. You need to have checked that your new partner isn’t carrying any debt that you’re not aware of and that could impact on your business.

More importantly, in some ways, you need to be sure you can actually work together. Share the same vision, know the industry and understand how your business ticks.

Suppose I don’t want them involved in the business…

Oh, you mean someone who will give you a stack of cash and then just let you get on with it. They wouldn’t want a say in how things were done. Good luck with that!

What’s that suppose to mean?

It means you’re unlikely to find such a backer. And it also means ‘good luck’ with setting up your first business without help from people who know what they’re doing.

And such people would be …..?

Yep. Us! With Recruit Ventures YOU run your business, without running the risk.

We’ll provide the funding you need to start up, NO personal outlay from you, plus shares, dividends. We enable you to retain your lifestyle and finance aside, we’ll provide a full back office and support system. It’s everything you need to get started, get ahead and get growing.

So is it my business then?

Definitely YOU are the BOSS… It’s your business, your brand, your goals and ambitions… We simply here to support you on your journey.

What do you need from me?

All we ask is that you have five years consecutive experience within the recruitment industry, a desire to launch your own business in the UK and are active in employment as you read this blog.

I think we need to talk

E-mail us at info@recruitventures.com or fill out our form

It’s A Thriving Time For Start-Ups And That Includes Recruitment

That has to be good news, if you’re thinking of starting your own recruitment business.

I get that. But explain please……

The fact is, and we know there have been predictions and arguments about it, but the economy is growing. With it, the attitude towards starting up a business of your own has shifted, in a very positive way.

Got any figures?

Yes. A report by StartUp Britain shows over 340,000 new companies were started, in the UK, in the first half of 2016.

But they’re not all recruitment businesses are they?

Of course not. But they are businesses that generate lots of jobs. And you know what lots of jobs means. It means lots of roles to be filled- with the help of recruitment professionals!

Sounds encouraging, but will it last?

Who dares make long term predictions any more? But, what we do know is that the UK start up survival rate is higher than it’s ever been.

Ok. But all of these people in all these new jobs – they’re not looking once they’re settled are they?

Really? Come on – you’re a recruitment professional. You know that people in work are as active in seeking new jobs as those out of work.

Alright. Yes I do know that. Point taken.

Good. Now consider the positives of this overall picture. A booming job market. Employers seeking transferable skills. A more flexible attitude to work than ever before, meaning people move around. And evidence to support that this is a good time for start ups. Put it all together and it’s a good time for recruitment start ups.

I’m pretty much convinced. But who is going to back me? It’s my future I’m planning.

Helping recruitment professionals start their own businesses is what we do. With zero financial risk, a guaranteed income, plus shares and dividends, you’re free to concentrate on starting up. With access to a full back office and support system you’re operational from day one. With Recruit Ventures behind you, your future is your own.

And you’re confident about all of this?

It’s what we do. It’s our world. And it’s growing.

What do you need from me?

All we ask is that you have five years consecutive experience within the recruitment industry, a desire to launch your own business in the UK and are active in employment as you read this.

What Now?

E mail us at info@recruitventures.com and let’s tell you more about how we can help you. alternatively you can contact us by completing our form.

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Want To Start Your Own Recruitment Company? Click and Connect.

Did you mean Click and Collect? And if you did, how does that work?

No, we didn’t. We meant Click and Connect. Clever though isn’t it?

Very. But what does it mean?

It means you’re just a visit to a website, and an e mail, away from an exciting opportunity. A chance to start your own recruitment business with exactly the sort of help you’ll need.

Ah. I see. I click – and connect with you. Then what?

If you go to our website – at www.recruitventures.com – you’ll get the picture. You’ll see the all important words – create, invest, support, grow. They sum up what we’re about.

Which is what?

Recruit Ventures specialise in backing start up recruitment businesses. Full initial funding is just part of the package. You’ll also receive a guaranteed income, shares and dividends – and access to a complete back office and support system. You run the business, without running the risk.

But isn’t that just about everything I’d need?

Sounds like you’ve already done some homework! Yes. It does cover all the bases. We’re guessing you’re already a recruitment consultant. You’d be unlikely to want to start a recruitment consultancy if you weren’t. And, frankly, we’d be unlikely to back you if you didn’t have the right experience.

So, there are some catches then?

No. It’s simply that we want to support recruitment professionals to start up on their own. Typically the people we work with have around five years experience, and have probably spent a couple of them running their own desk, or team.

Ok. But that still sounds like a pretty comprehensive package.

Hmm. You really are getting the idea now aren’t you. It is. Because it’s been specifically designed, after years of research and experience. We know that the financial risk is one of the main things that holds people back, and worries them even if they do go ahead. So we provide the finance to start up and a guaranteed income to give you the freedom to concentrate on growing the business. We also know that you can’t get up and running unless you’ve got reliable systems in place from day one. You need branding, and premises too, and legal help. You need back up – for IT obviously, but also from a mentor who knows the business. We do all of that.

So it really is about ‘create, invest, support, grow’.

You’ve got it! And if you’re really interested all you have to do to start the ball rolling is get in touch with us.

Click and Connect!

That’s it. Click on www.recruitventures.com to get the picture. Then write an e mail to

info@recruitventures.com – and click on send, to connect with us or fill out our form

We’re waiting…….

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