The numbers show that, for some, age is more than just a number.
If you’re thinking of starting your own recruitment business you’re doubtless exploring options of how to get financial backing. What’s emerged from some recent research is that, in one funding organisation, some 60% of the applicants were in their 30s and 40s, but funding approvals were highest among those in their 50s.
There are several interpretations to be made from the research, but the overriding conclusion was rooted in this. Any youthfulness, potential and enthusiasm in a younger entrepreneur is cancelled out by older people simply having longer track records of credit, borrowing and, frankly, having more financial data.
It sounds unfair. It is. And it happens every day to people wanting to start their own recruitment business. Having racked up experience – as an employee – they want to put their knowledge and expertise to use in taking control of their own destiny. But, as an employee they have no real record of owning a business, and therefore represent a ‘greater risk’.
It goes deeper than the bank manager or finance provider too. Securing funding to launch is one thing. But there are leases on property to acquire, systems and software to buy, hardware to purchase and services such as IT and legal to hire. They all prove less than accessible when you don’t have a record of trading.
You’re seen as a risk, so inevitably you end up taking a bigger risk by launching with less than robust funding.
But that’s not not how we at The Recruit Venture Group work. We’ll fund you based on what we see as the most important criteria
Factors like having five years recruitment experience. The fact that you’ll have run your own desk, and maybe specialised in a particular sector
Not your age. Not because you have or haven’t run a business before.
But because you know the business, understand recruitment, and you have a plan. Because you genuinely believe you can do it. Your way. A better way.
Our solution for recruitment entrepreneurs is genuinely risk free and fully funded.
Helping recruitment professionals start their own businesses is what we do. With zero financial risk, plus shares and dividends, you’re free to concentrate on starting up. With access to a full back office and support system you’re operational from day one.
Also, from day one, you’ll be able to pay yourself a salary, which gives you the freedom to concentrate on building the business.
Frankly, the only numbers we’re interested in are the same ones you are. Not your age. Not the number of years you’ve had a bank account. We figure that the numbers that matter most are your performance statistics. And we’ll be with you to help, guide and support you so that those numbers grow.