When It Comes To Starting A Recruitment Business You Might Find That We’re Your Fast Track!
There’s a piece of business advice around the various online forums – you may have seen it – about raising money to start up a business. They call it the ‘Four F’s’. It goes like this.
If the banks and financial institutions have proved less than encouraging, or too expensive, you should try the ‘Four F’s’. And they are ‘founder, family, friends and fools’.The founder of course is you. And, as is often the case, because your savings are somewhat short of a lottery win, you need more capital investment.
That would lead you to try family. Well, doubtless they wish you every success, and they may well be able to help. But is it a good idea? It’s needs to be a legally binding agreement or you could find all sorts of problems rearing their heads. And it’s not always a comfortable feeling having a commitment to the family when it’s you who will be running the business and, frankly, wanting to do it your way.
The same pretty much goes for friends. Borrowing from friends can lead to tensions, and again it certainly needs to be arranged legally. It’s fair enough that friends would expect a return on their investment, but do you really want to turn a friendship into a business relationship?
As to fools – we think the point being made is that you either find ‘an easy touch’ which is hardly in line with business ethics, or, more kindly, you arrange finance from someone who doesn’t know what they’re doing. Which would not be a good start point.
Come to think of it though, even people who do know about finance can be less than fully informed when it comes to recruitment start ups. Even the most astute financier may not fully grasp the the intricacies of your business plan – because they’re not aware of the cash flow issues that face a recruitment consultancy, especially in the early days.
So is there anybody else out there? Someone perhaps more objective than family and friends. Someone with whom you could have a real business relationship from the get go? Someone who is no fool when it comes to understanding recruitment start ups.
Look no further!
At Recruit Ventures we provide 100% funding, shares and dividends, a guaranteed salary, no financial risk and access to a full back office support function to support start up recruitment businesses.
So, forget the four f’s. email us fast! info@recruitventures.com.