If you are thinking of starting your own recruitment business I would sound a note of caution about the idea of becoming a ‘lifestyle recruiter’.
A phrase I hear a lot lately is ‘lifestyle recruiter’. It’s not far removed from that other label – ‘bedroom recruiter’. Now, I’m the last one to discourage anybody from going it alone, and you’ll never hear me do anything but defend prudent management of the budget. But, if you are thinking of starting your own recruitment business I would sound a note of caution about the idea of becoming a ‘lifestyle recruiter’.
Working from spare space at home will contain the costs, but, as I’ve said before, it’s not great for your high street presence or brand credibility. You’ll probably find that your systems will be stretched too. The backup and admin you had as an employed recruitment consultant won’t be there.
Sure, you’ll be making your own money, which is good because that was probably one of your main motivations anyway.
The problem is, there are a couple of issues lurking in the wings that could make serious holes in your new found revenue.
Before you take the leap into your own business you need to know that there are no restrictive covenants on you from your previous employer. You could find, for instance, that you’re not allowed to work in a certain sector, for maybe 12 months.
And – be honest here – is there any information, data and contacts that you’re thinking of taking with you? Recruitment companies are not averse to running rigorous checks on such matters.
Being forced to not operate in your chosen sector for a year will slow down your growth and income. That’s bad enough. Infringing any rules or covenants could land you with a hefty legal bill. That’s worse.
So, the ‘half way house’ of being a ‘lifestyle recruiter’ with seemingly attractive stripped down costs could be a lonely and expensive way to start. Which is where we come in.
From the word go we’ll road test your new recruitment business idea, providing financial and legal advice to make sure you’re viable and safe. We’re experts.
Then we’ll provide you with 100% funding, shares and dividends, a guaranteed salary, no financial risk and access to a full back office support function.
We’ll guide you with your identity, and we’ll help you with premises so that you’re out there, on the high street, from the start.
Typically the people we help have five years overall experience, and a track record in their current role, which means they’re usually running a busy desk or team.
If that’s you, and you’re more interested in a living than a lifestyle, we should talk.
Email me info@recruitventures.com for a confidential chat.
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.