Starting Your Own Recruitment Business Can Make You More Than Small Change.
If You’re Ready To Make Big Changes!
If you’re thinking of starting your own recruitment business it’s pretty obvious that you’re going to be facing some changes. From employee to employer. From doing it their way, to doing it your way. All of which is good.
But, and this isn’t about raining your parade, it’s being realistic, there are other changes too. For all its frustrations the current job does produce a regular salary every month, and the thought of running your own show sometimes makes that a suddenly safe and attractive option.
You’ll have to be ready to get your hands dirty in ways you’ve perhaps not before. When you’re the boss the office and all its facilities, furnishings and equipment all become your problem. As do the broken broadband connection, the blocked toilet and – oh yes trying to grow the business at the same time.
All of that is without the finance. There’s finding finance in the first place of course. The actual capital you’ll need to set up, get an office, and equip it with ‘phones, computers and software. But then there’s the day to day accounting, the dealing with HMRC and all the invoicing and payments that make a recruitment consultancy tick.
Recently the Recruitment & Employment Confederation (REC) announced that KPMG Small Business Accounting had joined its business partnership scheme. It offers a service to REC members, helping them with accountancy issues.
It was interesting to note something that Damian Wasey, Head of Sector Partnerships at KPMG Small Business Accounting said. This was it.
“As changes in legislation such as the introduction of auto-enrolment, and seasonal fluctuations in the labour market take effect, recruitment companies face greater strain on their admin function than ever before. We believe that accountants for recruitment firms should therefore be doing much more than just the basics. They should also be offering insights across all kinds of business-critical areas, from cash flow to generating management reports and advising on finance options’.
It’s a very fair point, and endorses the fact that starting up a recruitment business will mean facing more changes than even you had perhaps realised.
At Recruit Ventures we’ve long believed that a recruitment start up needs informed, experienced, guidance and mentoring alongside the essential capital injection.
That’s why our business model is exactly right for recruitment professionals wanting to start up on their own. Typically they’re people with five years overall experience, and 3 years track record in their current role. We’ll provide 100% funding, shares and dividends, a guaranteed salary, no financial risk and access to a full back office support function to help you start up their own business.
And we’ll help you with accountancy, invoicing procedures and road tested admin systems. Because you’ve never needed them more.
So, if you’re going to start on your own, be prepared to make the obvious lifestyle changes. And be prepared to meet the new and increasingly important changes in the industry. We think we can help.
If you’re ready to meet those changes – and want to make more than small change Contact us on info@recruitventures.com