There’s a lot of talk just now about some forthcoming legislation and how it will affect the recruitment consultancy sector.
Setting Up Your Own Recruitment Company Without Riding The Financial Roller Coaster.
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There’s a lot of talk just now about some forthcoming legislation and how it will affect the recruitment consultancy sector. It’s not yet finalised but the indications are that, by the autumn, recruitment companies will benefit from some changes aimed at boosting so called ‘invoice finance’.
How does it work? A lender uses the company’s invoices as collateral, and then makes a cash payment, of sometimes up to 90% of the consultancy’s unpaid invoices.
Why is ‘invoice finance’ popular with recruitment consultancies? Because it frees up money to smooth out the all too familiar roller coaster of cash flow problems caused by paying out to temps and contract workers before getting payments in from the client.
That quite daunting cash flow trap is something that’s put off even the most entrepreneurial recruitment consultant from setting up their own business.
It needn’t. At Recruit Ventures we have a business model that provides recruitment professionals, who have five years plus experience, with 100% funding, shares and dividends, a guaranteed salary, no financial risk and access to a full back office support function to support their business.
If you want the excitement of the ride without the ups and downs of the recruitment cash flow roller coaster, contact me on jbuckman@recruitventures.com and let’s have a chat.
You can 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.