2015 brings record growth for the recruitment industry with the launch of over 5,000 start-up agencies.
With the UK recruitment industry growing faster than ever before and over 5,000 agencies entering the market in 2015, business is booming.
The UK is now the third biggest recruitment market globally after the United States and Japan and the demand for work is changing. Contracting has become more and more attractive for many skilled workers and companies’ continue to search for candidates to fill their skills gap.
“99% of businesses interviewed intend on maintaining or increasing their agency workers over the next business quarter “
The Recruitment and Employment Confederation.
Does this get you interested?
We are stepping into a golden age of recruitment and with an industry worth over £31.5bn, there has never been a more of an opportunity for new recruitment agencies to launch and offer services which add value to their clients, candidates and the economy as a whole.
Do you wish to have a slice of this booming industry?
Starting your own recruitment business can be daunting so consider these points before you make that leap.
Do I know my industry and marketplace?
Thoroughly research the industry and marketplace you plan to operate within so you can steer your business in the right direction. Identify any niche areas you could cover which may set you apart from your competitors. Know your patch both geographically and demographically.
Do I have a solid business plan and an active database?
Ensure you have a solid business plan and initial set of clients you can approach. An investor will need to see you have a blueprint for a successful business. Set out your plans especially marketing and sales activities and how you plan to deliver your objectives.
Do I have support to launch my business?
To launch you will need investment, systems and stability and a drive to chase after clients. Banks attitudes towards investment can vary so consider other routes for funding such a business partners/joint ventures who can provide the funding and back-office support services to help launch and grow your business.
Starting any business can be tough. It takes a lot of work, discipline and personal sacrifice but when times get tough, just remember the reasons you wanted to set-up alone in the first place.
Author
David Simons has extensive recruitment knowledge having worked within the industry for over 20 years. He is Managing Director of Recruit Ventures who provide investment and back office support to individuals who wish to start up their own business and existing Joint Venture partners grow their business.