If you want to start up your own recruitment business

here’s some advice.

Get off your ‘but’ and do it!

Yes, if that ‘but’ had had two ’t’s’ it would perhaps have been a slightly rude headline. But we’re not rude. Just making a point. Forcefully.

All over the country, there are recruitment professionals who think about starting up their own companies. We know that because we work with a lot of them. A lot of them we partner and see them turn their dreams into reality.

There are though lots we don’t see, and a lot that never take that step. And the main reason they don’t is that they never get off their ‘buts’. They usually start with ‘But’ I can’t afford to take the risk. I would do it’, they say, ‘but’ how would I get funding? They often go on to say, ‘f I got funding I could imagine starting up, ‘but’ how could I support myself when everything would be tied up in the business.

Some, not many, but some, have the financial resources and still, they falter because they ask questions such as ‘but’ what about the legal stuff like incorporating a business?

‘But’ what about branding and websites is a big ‘but’. It’s realistic to acknowledge that you might well need professional guidance ‘but’ is that good enough reason to stop there?

Ok. Dream ticket. It’s all sorted out that far. Somehow you’ve managed to get almost ready to launch. Then comes – I think I could do this now ‘but’ how will I install the systems and software I need to run the business to current industry standards?

And even then there’s still doubt. ‘But’ how could I possibly manage the cash flow, which is notoriously demanding in a recruitment business?

Let’s imagine all of those doubts removed. Ok. ‘But’ how do I stay on top of legislative changes, industry rules, and trends? ‘But’ Brexit. ‘But’ whatever! If you’re serious about doing this. About running your own recruitment business you will have to get off those ‘buts’, and we can help.

At The Recruit Venture Group we have one aim; to help recruitment professionals start up their own businesses. We do it by being there at the very start – the legal and incorporation stage.

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

We’ll sort premises, guide you on branding and we’ll give you access to our state of the art back office and systems.We’ll track your cash flow, monitor your invoicing and keep your admin spot on.

And on top of all that, we’ll be there to keep you advised of changes to employment law, recruitment rules, and industry trends.

But, (sorry!) there is one thing. If we’re going to look to help you we need to know that you’ve had five years continuous experience in recruitment and that you’ve specialised in a specific sector for around three years.

If you tick those boxes, APPLY NOW

 

Starting your own recruitment business?

Go with the flow.

Cash Flow that is……

If you’re thinking about starting up your own recruitment agency it’s highly likely that you’re driven by more than one factor. Ambition – to develop a business based on your experience. The desire to do it your way. The need to control your own destiny.

And, let’s be honest, the potential rewards are high on the list too. Why wouldn’t they be? You’re an entrepreneur.

Properly set up, and well run, a recruitment company of your own can satisfy ‘all of the above’.Keywords to note there are ‘properly set up, and well run’.

Let’s skip a stage for a moment and get beyond setting up to ‘well run’. It covers a myriad of disciplines, taking in the management of staff, finding the clients, delivering the right candidates – all of which you’re used to because you’ve probably already got five years experience and you’re likely to be running your own desk by now.

What you’re probably not exposed to – yet – is cash flow.

When your startup is just that – a new startup – you’re going to have more money going out than coming in. There are costs attached to setting up your business and the problem is it might be a while before there are clients attached to it. And then some more time passes before they actually pay you. That’s stage one.

Stage two kicks in when you are up and running but now you need to ensure that those lovely new clients do actually pay you. On time.

Stage three? We hesitate to go there but bad debt looms like a spectre over any business. Getting it resolved means having resources.

All of this can apply to any business. Some cash flow problems are unique to the recruitment business though. Think about paying temps before the client pays you. And your business plan has, we assume, acknowledged the, sometimes, long period from search to placement – to getting paid.Cash flow can be the making of a business – and the breaking of it.

In our experience, it’s one of the most important factors in running a recruitment business, and indeed in setting one up. Which brings us neatly back to the point we skipped earlier.

At The Recruit Venture Group, we specialise in helping recruitment professionals to start their own businesses. We provide 100% funding to create a risk-free backing package. We provide the legal help, the systems, the branding and the admin support.We also ensure that a line of credit is in place for you, and we process and chase your invoices. In short, we make the cash flow – flow.

It’s your business though. You’ll be paying yourself a salary, drawing dividends and running the company. Which, with us behind you, is somewhat more manageable.

If you’ve got the sort of experience we mentioned and you’re serious about starting up –APPLY NOW.

 

Mentor – definition

‘an experienced and trusted adviser’

 Something every recruitment start up needs!

 It does no harm once in a while to go back to the dictionary to check exactly what a word means. In today’s ‘business speak’ words get used, and sometimes wrongly used, so much that we take them for granted.

Take ‘mentor’ for example. We all sort of know what we mean by it, but how often do we stop to think what it’s real meaning is, or what the value of a mentor really is.

Strip it away from all the jargon of ‘workshops’ and ‘one to one interactive sessions’ and it means quite simply ‘an experienced and trusted adviser’.

If you’re thinking of starting up your own recruitment business wouldn’t you want just such a thing? It would be crazy, as you plan and launch a venture that will define your future, not to have ‘an experienced and trusted adviser’. Wouldn’t it?

And yet, people do it.

Some people, sensibly, take advice. The bank manager is often a first port of call.  With the bank manager though you’re probably going to be pitching the idea of your recruitment business which, let’s face it, usually means trying to raise money for it. Bank managers are doubtless trustworthy, and experienced. In banking that is. Not recruitment.

You’ll talk to lawyers of course. (You had realised the legal implications of setting up a business). Again, tick the ‘to be trusted’ box. Ditto the experienced. And ditto the ‘not necessarily experienced in recruitment’ box.

Website builders and graphic designers – well, to be fair, those disciplines don’t necessarily need quite so much specialist  recruitment  experience. You’ll be paying them for their objectivity; which is fine, but they’re also therefore ruled out of the ‘mentor’ class.

I.T. is different again. You really  need the best systems, and with all the general I.T knowledge in the world a provider who knows their business but not the recruitment business will be less than ideal. And not a potential ‘mentor’.

To put it another way, you’re going to need financial, legal, website and design, as well as I.T help, to launch your own recruitment business. All of the people you find and hire (there’s a lot to do, isn’t there?) will, we’re sure, be  trustworthy, and experienced.

But can any of them  be  a mentor? Not in the way we can.

The Recruit Venture Group exists solely to help recruitment professionals set up their own recruitment businesses. We provide financial backing (100% and risk free), we guide you through all the legalities from set up to premises and we help with your website and branding.

As to I.T. we give you  access to our back office, which means you’ll be fully operational with specialist recruitment systems from the start.

And the business will be your business. You’ll pay yourself a salary, have shares in the company and draw dividends from it.

But, over and above all of that we will be there for you. We know recruitment, and we know how to set up recruitment companies. From start up to success we will be your ‘experienced and trusted adviser’ – like nobody else can.

If you’ve got five years continuous experience in recruitment, and you’ve spent three of them in a specific sector, we’re here to help.

If you’re serious about starting up your own recruitment business contact us.

Apply Now.

Do you have the right skills to crack the code

 A certain internationally famous technology company (OK – it’s Apple, and we know we’ve mentioned them recently, but this is different…) have attracted a lot of attention recently for their innovative recruitment techniques.

Apple have implanted in their servers a ‘hidden page’, and that page contains what is in effect a ‘job ad’ for a very specialist role. It’s described as a job for a ‘talented engineer’ to work on a ‘critical infrastructure component’.

The clever bit, aside from it being hidden anyway, is that only a candidate with the right level of skills could get to it, ‘crack the code’ it contains and therefore apply.

There are examples of innovative recruitment advertising from the pre digital age, because the business has always been creative and forward thinking; but today’s technology does facilitate even more opportunities to get the message out there, and target it ever more accurately, and arrestingly.

Now, as the sort of person who may well be considering starting up their own recruitment business, you’re probably as up to speed with that thinking as anybody.

You’ve gained five or so years experience in recruitment, and you’ve probably run a desk for three of those years. You’re starting to wonder why you’re doing all of this for someone else, especially when you have your own ideas of how to make a recruitment company go that extra mile for its clients.

The question is, can you start up a recruitment business that can go that extra many miles – into a long a profitable future?

That will be a future where ever more technology driven concepts are needed to recruit the right talent. A future where you need the time and space to think strategically, safe in the knowledge that the tactical  details are running smoothly.

The answer is you can – if you’re set up right, from the start.

Helping recruitment professionals set up, and set up right, is what we do. At the Recruit Venture Group we’ve developed a specialist package of support. You’ll get 100% funding, shares in your own company and the autonomy to run it, paying yourself a salary from the outset.

We support you with everything from legal advice to branding. You have access to our back office, which means you have first rate systems from your first day of trading. And we stay with you, always supporting you. But you run your business.

The really exciting thing is that when you’re supported and set up as completely, and as risk free, as that, you can concentrate on the big picture. You have the time and space to think about the future and what you might do in it.

Apply Now

Let’s crack the code together

We’ve talked about ‘niche’ but recruitment start ups may have to get ‘nicher’.

 The benefits of specialising in a particular sector are well known to the recruitment business. Deciding on a specific market area is a key part of planning for the launch of a start up.

Many recruitment consultants who’ve built up some experience tend to specialise as they take over the running of a particular desk, and it’s that level of expertise that they often take with them into their own businesses.

A few months ago we touched on the subject of niche targeting in recruitment, and indeed pointed out  that specialising is getting ever more – specialist.

The more we look though, the more we see the trend developing and it’s something worth pursuing, especially if you are considering starting up your own recruitment business.

As a start up you’ll be looking for a ‘point of difference’, and identifying ways in which you can add value. Your business plan will need to embrace several target audiences in the widest sense because, as we’ve said before, ‘eggs and baskets’ is a piece of timeless wisdom.

However, to really be up to speed with market trends and have a reason for people to use you, it’s important that you not only consider a niche but – in the light of current knowledge – you narrow that niche down even further.

There are several factors causing it – not least of which is, as always, finance – but the increasing need for specialist knowledge within a sector is becoming more than just noticeable; it’s demonstrably in demand.

Businesses are  looking for specialists and a recruitment company that can find precisely the talent they need will be in premium position. It’s about thinking not I.T. but, for example, cyber protection and security within I.T. Or, finding people who can write code, for specific applications – such as production engineering.

The sort of recruitment professional most likely to seize this opportunity, and timing, to launch their own business is typically the sort of person we help most. Someone with five years continuous recruitment experience, and three of those years recently running their own specialist desk.

If that’s you, and you’re serious about starting up, start by talking to us.

We offer a risk free, 100% financial support package. As well as the money we provide help and support from the initial stages of incorporating your business, finding premises and sorting out your brand.

We stay with you, providing access to our back office systems, which means your admin and processes will be top notch. We keep you up to date with business trends – like this one!

Importantly, it’s your business that we launch. You pay yourself a salary,  draw dividends from your shares and ownership – and you have control.

It’s the kind of support that means you can really get on with running it your way. And right now your specialist knowledge might be just the thing that a niche within a niche needs. Apply Now.

And now  – more evidence that this is the way to start up your own recruitment business.

Evidence. It’s a word that’s come to the fore just lately, because of further complications surrounding (dare we mention it?) Brexit.

We won’t dwell on the subject specifically but our point is that recent statements from various bodies, including the Home Secretary and the recruitment sector have indicated that new, post Brexit, migration systems must be ‘evidence based’.

The implications of that are yet to be determined but central to all the discussions are key issues regarding the movement, and recruitment, of people in and out of Europe.

Recruitment & Employment Confederation CEO Kevin Green has spoken on the matter, saying

“Decisions about the future immigration system must be based on data, evidence and analysis……..

The best way to provide clarity to employers and EU workers would be to develop a five-year roadmap for the implementation of new immigration policy which avoids a ‘cliff edge’ when the UK leaves the EU. The REC and our members are ready to help shape a post-EU immigration system that is fit for purpose and based on evidence.”

The fact is that the situation still poses more questions than answers.

Azmat Mohammed, director general at the The British Institute of Recruiters, has listed several specific questions for the Government. These include –

What will be the exact process in talent coming to the UK post Brexit.

What skills and industries will be controlled?

Will there be quotas?

How long will it take to get into the UK and what evidence will be required?

What penalties will be imposed on hiring European workers?

What hiring fees or new pay regulations will be imposed if any?

What length of stay will workers have?

Unfortunately we’re not in a position to provide answers – yet. But we do have one clear viewpoint  on the matter. Anybody starting up a recruitment business in the near future will need to fully aware of all the issues, and stay up to date with developments.

The problem comes that a new start up has more than enough to do with running the business. And that’s after completing all the tasks necessary to actually launch the company.

That’s why, when we, at the Recruit Venture Group, invest in a new partner we stay with them, to provide all the data and information they need to help get them started.

We provide 100% funding, in a risk free start up package that includes shares and dividends in their own business, the autonomy to pay themselves a salary, and access to our back office systems.

With that, not to mention help with premises and branding, new start ups backed by us are off to a flying start. And with us keeping them up to speed with legislative and  industry changes they have the time to really focus on building their business.

All the evidence suggests that we’re the best route to your starting your own recruitment business. Apply Now

If you want to win

in your own recruitment business –

try not to lose the candidate!

Does that sound obvious? Or are you intrigued as to what it really means? Let’s start with a fact. Recent findings indicate something quite alarming.

60 % of candidates quit an application process because it took too long.

Working backwards through the implications of that it’s plain to see that applicants who don’t hang around long enough to complete the application process are lost to your client. And that means lost to you. Which means lost income. Not to mention lost reputation. So far so bad.

Now develop the point further. Why was the application process too long? Either the client has not reviewed and sharpened up their procedure recently, to make it accessible and competitive, or it’s the recruitment company at fault for having a bad system themselves.

The answer to both problems is that a good recruitment company should a) have invested the time and customer service to advise and guide the client and/or b)invested the time and expertise in having their own systems and processes up to speed.

Here’s the rub. If you’re a start up recruitment business you have a vital opportunity to do all of that, and shine. The conundrum is that  because you’re a start up you don’t have the time to spare, nor systems in place, to make it happen. You’re too busy, being a start up. And quite busy missing opportunities too. So you lose the candidate. And you don’t shine.

At the Recruit Venture Group we make sure that the start ups we help have the best systems and administration available. They have full access to our back office, and our back up.

And because they have that level of administration at their finger tips they have the time to be hands on with their clients, guiding them on recruitment procedures, updating their systems and enhancing their employer brand. Which means they  really shine. And win business. And don’t lose candidates.

It’s only part of the package of course. We also provide 100%, risk free, funding to launch a business, and then work with them to establish premises, create a brand and  get a foothold in the market.

Our partners’ run their own businesses. They have shares in their company, draw dividends and pay themselves a salary.

We stay there, updating them on industry trends and legal changes, which in turn allows them to keep their clients informed and be seen as venues of knowledge and excellence.

We need to know that people who come to us have had five years continuous experience in recruitment and that they’ve specialised in a specific sector for around three years. But then, without that sort of cv you wouldn’t be looking to do this anyway. Would you?

Would you  want to run your own recruitment business with that level of backing? Would you want to shine by delivering outstanding customer service? Would you be able to deliver that service better if you had the time to do it – because you were so well supported?

Off course you would.

If you want to win, not lose. APPLY NOW

 

It’s that time of year when everybody has new opportunities – as well as lessons to learn!

 No matter how much older we get, September always brings the feelings of a new start. It’s implanted into us from schooldays.

In fact, as we get older, we notice that the ‘Back to School’ message starts appearing in department store windows around July – just before the Christmas decorations!

In our experience September seems to be a time when a lot of recruitment professionals start to think about fresh starts too. They think about start ups.

It’s probably to do with coming back from summer holidays and realising that it’s back to the ‘same old same old’, and starting to think seriously (again) about maybe, just maybe, breaking out and going it alone.

This might sound bit harsh, but if you’re thinking that way, ‘back to school’ is singularly appropriate. Because you’re going to need to do some homework.

Pay attention at the back. Here is your project.

How do you start your own recruitment business in a way that allows you risk free financial backing? How do you legally establish a company, organise premises, create a brand and ensure that you have the necessary systems in place to be fully operational – from day one?  How do you get that business up and running, to the point where you feel financially secure enough to keep your domestic finances under control, ensuring that you can concentrate on the business? And do that quickly.

Not easy is it? But if you’re serious about all of this you’ve gone up to the ‘big school’ now and it’s going to be a bit tougher than it was as an employee.

But, we can help, with some very useful ‘teaching notes’.

Step one is to talk to us. The Recruit Venture Group exists because we want to help recruitment professionals to start up their own businesses. We’ll organise the incorporation  of your company for you, sorting out all the legalities.

Then we’ll provide a full 100%, risk free,  finance package. You’ll be able to pay yourself a salary from your own company – in which you will have shares, and dividends.

We’ll sort out premises, work with you on your branding, and we’ll give you full access to our back office and software making you compliant and totally operational as soon as you start.

With all of that on offer you’re going to dramatically reduce the amount of homework to do. We’re the one single source for everything you need to know about starting up your own recruitment company, and we have funds available to help you do just that.

As to your existing qualifications you’ll need to have completed five years continuous experience in recruitment, and probably spent about three of those in a specific sector.

Let’s compare notes. APPLY NOW

We can help you with your homework, and so much more. It’s not cheating – it’s enhancing your potential!

Here’s how.

Start with a big fortune and then set up your own recruitment business without proper help and guidance.

Your big fortune will soon become a small one, we can assure you.

If however you’re serious about starting up your own recruitment business and plan on making it your future, and your fortune, then we suggest there is a better way of approaching it.

Far be it from us to judge, but it’s safe to assume that as a recruitment consultant you probably don’t have a big, or even a small, fortune to invest in your own startup. Let’s take that as a given. So, for starters, you need funding to start a startup.

Money, of course, isn’t everything. It drives most of the things you’ll need to do, but you also need to know how to do them. There are the legalities of incorporating your business. At about the same time you’ll need to find premises.

Your new company will need branding, and that identity will have to be implemented into signage, print materials, and the all-important website.

Having all the money in the world does not make you, the outstanding recruitment consultant that you are, an expert in any of the tasks outlined so far. So you need expert help.

With all of those building blocks in place you have to (let’s face you want to) start trading. That means you will need systems, software and financial administration in place. It’s all got to run like clockwork because time is ticking away and you haven’t seen any income yet. If it doesn’t run smoothly from the get-go, you’re gone. Competitors will swamp you.

Which brings it all back to money because what you really need is a salary, so that you can pay your own domestic bills and have the clarity of mind that allows you to focus on building your business.

It all adds up to quite a big ask, doesn’t it? So ask us.

At the Recruit Venture Group, we provide 100% risk-free funding, shares in, and dividends from, your own company and full access to our back office and systems. We guide you through the legalities of setting up your own business, help with branding and websites and provide an invoicing service.

Supported to that extent you’re able to pay yourself a salary and benefit from that stability.

What do we ask? We want to know that you have five years consecutive experience in the recruitment industry, and ideally three years track record within the same sector.

After that, we can talk.

We can talk about how we can help you launch your own startup in the recruitment industry. We can discuss how we’ll provide the funding, and guide and advise you on how to get the best return on it.  We can talk about your future.  And your fortune.

 

They make a lot of sense if you’re thinking about starting up your own recruitment business.

Forbes – the leading source of business and entrepreneurial comment in the USA have some interesting views on start ups. It might sound immodest but we think they seem to agree with our views on starting up recruitment businesses.

Take a look at some of their key points.

Timing

Picking the right moment to start your own business is vital. Consider what’s going on in the market, and indeed your personal situation. Get your business plan in order, even if that means taking a bit more time to get it right.

We’d agree with all of that. We’d only add that if you’d like to talk to us about starting up, we’d need to know that you have five years continuous recruitment experience and that you’ve spent three of those years specialising in a particular sector.

The ‘clean’ budget’

The advice here is about being thorough. And prudent. If you’ve got funding, from a backer, don’t just stick it in your account and start drawing on it to cover your expenses. Plan your budget in detail and if ‘number crunching’ isn’t your strongest point get expert help to do it. We wouldn’t disagree with a syllable. Come to us and we’ll provide 100%, risk free, funding. But, we’ll want to see your business plan and we’ll do the number crunching with you. In detail.

Self discipline

Discipline about money is important, but so too is the need for control over every aspect of running the business. Forbes suggest setting realistic goals, benchmarking your progress and acknowledging that it’s going to take extra input in the early stages are all important tips and attitudes. You won’t hear us disagree. What’s more we’ll be with you to advise and support, giving you the benefit of our knowledge and experience.

Social Skills

It’s about getting out there, meeting people and expanding your network. Winning new business to grow your company. Again, absolutely right. To be frank though, you’ve got to do that. It’s your company now.

That said, with the level of support and access to back office systems we provide for you, you will have the time and freedom to get out there in a way that many  start ups don’t. Also, with us behind you you’ll be able to pay yourself a salary, which is even more peace of mind, allowing for even more focus.

Flexibility

This is what Forbes have to say under the heading of ‘Flexibilty’.

‘Investing your energy and emotions into a business plan is what a good entrepreneur does – being married to one specific method or course of action is not. You should constantly be on the lookout for ways to adjust what you’re doing to greater success, and be utterly unafraid to make those changes’.

It’s all true. We’d draw your attention to some of the above. Being able to adopt and adapt, stay in touch with your market and be ‘unafraid’ is much easier when you have the support of the Recruit Venture Group behind you.

Money

Our American friends were pretty clear about this one. Their main points are, there are different ways of obtaining finance, so choose the right one for you. And you do need money.

Well, we’re specialists in financing recruitment start ups which we think means we are the right ones for you. You do need money. We can help.

Enough said.

Follow through

This was interesting. Like us, Forbes believe that you have to have the endeavor and willingness to ‘get your hands dirty’ to bring your idea to fruition. They also say that you absolutely must have ‘experience in the industry your start up exists in’. No quibbles from us. In fact, before we go any further, we insist that you have at least five years continuous experience in recruitment, and that you’ve spent around three years in a specific sector.

Taking all of that into consideration then it seems that if you’re serious about starting your own recruitment business you need to meet all of the above criteria. It seems too that in order to meet all of those requirements you need money, support and guidance from exactly the right kind of experts. And we seem to meet all of those criteria.

Sounds to us like we should talk. Why ponder further?

APPLY NOW