Running your own recruitment business will be more dependent than ever on technology and data. Be ready for it.
It’s such a part of daily life that we sometimes take for granted the amount of
technology we use, all day long. Certainly at work it’s easy to overlook the systems and algorithms that drive our businesses.
In the recruitment world it’s vital. From the basic processing of candidate applications and client details, to the job boards and online cv’s, it’s an IT business.
As to the circular nature of it all, it goes like this. With more and more algorithms making ever more precise searches, and more data being acquired and stored as a result of them, there will be more and more platforms developed to deal with and use the data. It’s easy to define it as a vicious circle. But let’s be positive. It’s a virtuous circle too. It’s making the recruitment sector more efficient, more creative and more informed. But, vicious or virtuous, it’s virtual. And that means technology. More and more of it as time goes by.
All of which means you have to be in the right place at the start of your business. Launching from the bedroom with a laptop is an option, but it’s not going to put you in the forefront of big data management. It’s not going to give you much of a back office either when it comes down to it.
Setting up in shiny new premises, branded and visible on the high street, sounds better. But can you see yourself getting to the level of technology needed to run the systems, let alone start to manage data, when you’ve been as careful as you can with the funds available from that business loan you finally manage to secure. Secure being a double edged sword – you’ve got the money but it’s secured against your house.
At The Recruit Venture Group we specialise in helping recruitment professionals start up their own businesses. We provide 100% risk free funding. You get shares in, and dividends from, your own company. You’ll be able to pay yourself a salary from the start, which means you have the freedom to concentrate on recruitment.
We’ll even help you with all the legalities of setting up your business, finding premises and sorting your marketing and branding.
But this is the interesting bit. You also get full access to our back office and systems. From day one you’ll be up and running in the operational sense of systems, but you’ll also know that we’re here for you. We’re collecting and collating data, which we’ll feed to you. You’ll be as big on big data as a business twice your size.