Five ways we create recruitment businesses built to survive and thrive

Most businesses fail within five years.

It’s a hard truth that starting an enterprise is a risky business. The Office for National Statistics’ latest data shows just 43% of businesses make it past their fifth year.

Launching a business knowing that the odds are against it surviving is one of the many reasons why so many never give it a try.

The Recruit Venture Group, however, is turning those statistics on their head. Recruitment businesses established under our unique joint venture model have a survival rate is over 85%*.

That’s because The Recruit Venture Group tackles the key reasons for why businesses fail head-on. The results have led to recruiters, with no previous experience of business leadership, building businesses worth on average turning over, on average, £3 million a year. So far, 55 recruiters have taken that step and have not looked back.

The Recruit Venture Group supports talented recruiters to launch enterprises built to last. Here’s how:

All the funding you need, risk free

Lack of finance and having to take out loans on expensive terms means many budding entrepreneurs start with one arm tied behind their backs.

But when it comes to capital, The Recruit Venture Group doesn’t mess around. Every penny of the finance needed for launch is offered, risk free, without question. Ambitious business plans are matched with the money needed to make them happen.

Preparing for success

Even experienced, talented recruiters need meticulous preparation and a clear plan. The Recruit Venture Group works with its joint venture partners on a bulletproof business model that will guide the new enterprise from day one through to an established recruitment agency. Every aspect of establishing the business, from initial rough plan through to launch, is taken care of.

Ready-made infrastructure

How many businesses hemorrhage money on IT systems, on accounts and payroll solutions and on HR and legal expertise? And how much time slips away managing these relationships, and how often do they fail to deliver on expectations?

The Recruit Venture Group offers a back office solution that completely removes that headache and money pit. All of those functions are not just taken care of, but they are tailored to the needs of a recruitment business. That’s a huge saving in both time and money and allows our joint venture partners to focus on generating revenues and building relationships with clients and candidates.

Cash is King

Cashflow kills so many businesses. But everything mentioned above is about The Recruit Venture Group offering a model which maxmises income and minimises costs.

Our new leaders start generating revenues from day one. No money worries, no time-wasting on the administration. We want that cashflow statement looking healthy as early as possible.

A guiding hand

Lack of access to good mentoring and business support is a regularly quoted reason why businesses fail to survive. Experienced brains are hard to find and can charge big consultancy fees.

The Recruit Venture Group senior team, which has decades of experience between them, is on hand at every step of the business journey for advice and support. With a vast range of experience, we ensure help is there when it is needed most.

Paul Mizen, Managing Director of The Recruit Venture Group said: “You can be placing a thousand candidates a week, but if you are burning through costs or have borrowed stacks of money on bad terms, then you will run into trouble.

“A recruitment business built to survive is not just one that generates revenues, but one that minimises risk. That’s what we help create.”

A salary alone is not the key to personal wealth

How wealthy are you?

For driven, talented recruitment employees working for a salary, the answer is probably, “not wealthy enough”!

But Government statistics have revealed we are now wealthier than ever, with UK wealth now at nearly £13 trillion.

The wealthiest are those in their 60s (average wealth £332,000) and those who live in the South East (on average £175,000 per adult).

That’s not down to wage increases, but down to property and investments. The lesson for people is that to be truly wealthy, you need to build your asset wealth, not just rely on a salary.

Many recruiters get to the stage where they feel like they have maxed out their earning potential. They’ve hit their targets, they’ve scored a promotion, but there’s always a glass ceiling.

As the Office for National Statistics figures show, you need to invest in something to generate serious wealth. And in recruitment, that either means buying into a business, or better and more likely, starting your own agency.

The Recruit Venture Group has already helped 55 recruitment employees take that very step. These are recruiters who knew they could multiply their earnings by taking home more of the money their talents were generating.

But more than that, they are an owner of a growing enterprise. Every hard-earned client, and every satisfied candidate, goes towards building the value of their business, and by extension, their asset wealth.

Paul Mizen, The Recruit Venture Group’s Managing Director, said: “People are often tempted into recruitment because of the salary and bonus structures on offer. And at first, it seems like you can make a tidy sum.

“But it doesn’t take long to realise that those earnings are a fraction of what they are making for their bosses. When it comes to wealth, business ownership is the only true way to maximise your net worth.

“The Recruit Venture Group is here to offer a gateway to entrepreneurship. The recruitment agency bosses we have created have not only increased their earnings many times their old salaries, but are also building businesses worth millions.”

From initial call, to the launch of the business, recruiters contacting The Recruit Venture Group can become their own boss within just a few months.

With 100% of the finance needed for launch provided, as well as supplying a complete back office solution, The Recruit Venture Group’s joint venture structure means starting the business is simple, and straightforward.

As a new boss, you are free to focus on the recruitment and generating revenues, with everything else taken care of.

Many recruitment leaders say building a financial legacy, and having something to pass on to children or loved ones, is one of the main motivators behind deciding to start their own business.

personal wealth salary

Dream holiday? How about your dream recruitment business?

Schools breaking up, your email inbox clogged with ‘out of office’ responses, it can only be one time of year.

Many hard working recruiters will have spent the last few months planning a well-earned holiday this summer. In fact, figures from Nationwide suggest Brits spend up to a quarter of their disposable income getting away from it all.

But those lazy days on the beach in some far flung oasis only last for a week or two and then it’s back to the day job.

So before planning the next dream trip, how about making plans for the vast majority of the year when you are not on leave? How about planning for your dream recruitment business?

Many ambitious recruiters will certainly have thought about one day running their own enterprise, but what would that look like?

The Recruit Venture Group has helped 55 recruitment employees launch their own enterprise. Every business is different and has been moulded in their image.

Here’s how we help you shape your dream recruitment agency:

Hitting your target market

Whether it’s finding an opportunity to really nail the local healthcare recruitment market, or catering to big volume clients in the manufacturing and industrial sectors, we help you pinpoint where you can make most impact.

Our top mentoring team helps fine-tune your business plan to ensure your new agency breaks into the market from day one, achieving key milestones along the way.

Standing out from the crowd

You’ve chosen your market, but what will make your business different?

Some businesses launched with The Recruit Venture Group have offered free training to bring unemployed workers into the labour market. Some are using social media and digital platforms creatively. Others just want to offer that gold-plated, personal service that their previous employers never could.

Key to this is branding, PR and marketing and we offer all of the help and advice you need. From your company name, logo design, website, through to your advertising and promotion, we help you deliver a clear, consistent and memorable brand to your target clients and candidates.

Matching your growth ambition

Do you want to open your second office before the end of year two? Do you want to build your team from three to seven in 12 months? Do you want double-digit profit growth year-on-year?

The Recruit Venture Group helps give your business the sustainable platform from which you can reach your targets. From offering 100% of the finance you need to deliver on your business plan through to our comprehensive, tailored back office solution, there will never be any limit to what your business can achieve.

Reap the rewards

A dream business is also a profitable one. That means you will finally be earning the kind of money your hard work deserves, not a limited salary. That means you will be watching the value of your business grow, year after year. You look after it, it looks after you, now and in the future.

The Recruit Venture Group has launched recruitment businesses up and down the country and all have one thing in common, they are owned by great recruiters.