This sounds like a warning.
Let’s call it practical advice. Like any business, you’ll have fixed costs. Rental or lease for premises, utilities, salaries – including your own – media costs, car. To name but a few.
I’d been thinking about this.
Good, then you’re thinking of starting your own recruitment business?
I am. But specifically, I was thinking that when I start up I’ll still have my own personal bills to pay. My lifestyle to maintain. So I was interested to hear you mention my own salary there. Among all those other costs.
Let’s take this one step at a time. First, the business. All of those running costs, which will be fixed, are a challenge anyway, but remember, they only kick in when you’ve started. And you’ve got to get funding to getting started.
Now it really is sounding like a warning.
On the contrary. It’s just a question of looking at the overall picture. You want to start your own recruitment business. That means you need funding. You want to run it, and grow it, and that means fixed costs have to be addressed. Borrow the money to fund the launch and the repayments become another fixed cost.
I don’t like it, but I see it.
Then let’s move on. You want to concentrate on the business, naturally, but just think of the demands of those costs. There are the financial ones of course, but also there are the administrative issues. You’ll need to be dealing with the bank – for your loan – the landlord, the computer suppliers, the job boards, the software company, the utility companies. And then you’ll need to run – and fund – the salaries. It’s a lot to think about. When you want to be thinking about growing the business.
So how do I get a fix on all of that?
Glad you asked that. Well at The Recruit Venture Group we help recruitment professionals start their own businesses. With zero financial risk from our 100% funding package, plus shares and dividends, we leave you free to concentrate on starting up and provide a full back office and support system from day one.
And all those other costs?
We’re here to help you find premises and sort out the ‘legals’. We look after your cash flow, even your invoicing. We’ll provide back up so your software and systems costs are all part of the package, and with our funding, you won’t be chased by your bank manager.
Except my personal bank manager might be on my case.
Let’s get back to you then, and the point you made earlier. Properly funded and free to concentrate on the business, you’ll be able to draw a salary from the day you launch your business.
That’s reassuring. But what do I need to bring to the party?
Let’s be honest here. You’re going to need a business plan. But, if you’ve got five years’ experience in recruitment, and if you’ve worked in a specific sector for two or three of those years, you’re the sort of person we like to talk to. That is if you’re genuinely interested in starting up on your own.
I am. And this whole fixed cost thing does make sense.
It certainly does when you look at it this way. With us, as your backers and ‘overall provider’ you can really get a fix on them. They’re all in ‘one box’ making life easier for you. It frees you up to do what you do best. And what you want to do.
I want to talk to you about all of this. How do we start that process?
Contact us… email info@recruitventures.com or click below.