Starting a business can be a challenge, but what about making it grow to the next level?
A report into how the 5.5 million small businesses in the UK ‘scale up’ their operations has found there are huge difficulties in making steps towards significant growth.
The Scale Up Institute, which is tasked with breaking down barriers to small business expansion, has written a report detailing what is stopping businesses going to the next level.
Those barriers include having access to growth finance, getting the right business mentoring support and having processes that can be scaled as the business expands.
But for recruiters looking to start their own business with The Recruit Venture Group, a plan for scaling up will be in place from day one.
The Recruit Venture Group’s model all about overcoming any barriers to growth and central to the model is to allow a thriving business to grow naturally.
-
The Recruit Venture Group will put up all of the finance for growth.
Not only does The Recruit Venture Group provide 100% of the money needed for launch, it will be there at every step of the business’s development to provide finance for that next phase of growth, from opening new offices, to branching into new sectors or any other significant expansion. If there’s a good business plan, there will be the finance to back it, it’s that simple.
-
The Recruit Venture Group offers all the back office capacity needed to scale up a business.
Those partnering with The Recruit Venture Group do so knowing that all of the accounts, payroll, HR, legal, marketing and IT functions are already dealt with, so they can focus on thing they do best – recruitment. As the business expands, that back office support expands, meaning there is no lag or limit in growth. All of those key back office processes are scalable by design.
-
The Recruit Venture Group provides mentoring and business guidance from a team with decades of experience
Expanding a business can be a leap of faith. But The Recruit Venture Group team, which already supports 43 growing businesses, draws on a vault of experience that amounts to decades between them. Those looking to scale up a business can share their plan with that team and refine and review it with experienced people possessing a variety of specialisms.
The Recruit Venture Group’s Managing Director, Paul Mizen, said:
“The evidence suggests that scale up businesses are more innovative and productive. So much so that they are a real focus of the Government because of the transformative effects they have on the UK economy. On average, employees of a scale up business generate an amazing £235,000 turnover each.
“When we partner with a talented recruiter with industry experience under their belt, we do so not just to launch the business, but also to nurture its growth. When it comes to scaling up that business, you can be the best recruiter in the world, but if you haven’t got the finance and support for growth, it will never happen. We understand this, and that is why our model is set up to break down barriers to business expansion.
“We have businesses which are always planning for that next step, from taking on more staff, to opening new offices, and expanding into new markets in new areas. Our funding and back office support means that as long as the figures stack up, we’ll be there to back it every step of the way.”
But the reality for most is that, according to the Scale Up annual report from 2017, half of businesses fear they do not have the right business support for their growth plans. But the Recruit Venture Group meets that very challenge as a central part of its model. The financial, back office and advisory support is always at hand.
In a tricky climate for scaleups
The Recruit Venture Group is showing the way forward for how to successfully grow an enterprise.