Your business is your gateway to a better life

Recruitment is a great career, but as you rise through the ranks, the hours get longer, the responsibility bigger, and the pressure increases.

Many recruiters find themselves working and making the same sacrifices as if they were running their own business. Yet the money they make mostly ends up in the pockets of the bosses.

In fact, that’s one of the primary reasons why high achieving, motivated and committed recruiters choose to start their own enterprise. They get to point where they want their skills, experience and talent to work for them, not someone else.

But in the case of Glynne Dyer and Marshall Rayner, who both have started their own recruitment businesses with the support of The Recruit Venture Group, it has also been the ticket to a better way of life.

Marshall, for example, was previously building up, from scratch, the entire driving division of a national recruiter. He was getting up at 5am, driving 5,000 miles a month, and feeling completely spent by the end of the week, with the weekends spent recovering. He didn’t have enough time for his children and they were growing up before his eyes. It was time for a change.

A phone call from The Recruit Venture Group was the start. Within a few months, Top Team Personnel was launched, and Marshall’s own business now fits in with him and his life.

“Not only do I make more, and build the value of a business which I own, I now can have breakfast and dinner with my family,” said Marshall. “My son likes football, so I can also take him to training after school. There’s no way I would have had the flexibility to do that in my last job. My business has given me everything.”

For Glynne, who started Vanta Staffing back in June 2017, family was also on his mind when he made the leap from employee to entrepreneur.

“I had achieved promotions in my last roles, but I got to a place where I was no longer earning commission, and my pay was actually starting to go down,” said Glynne.

“Starting my own business was about putting that right. I knew I had the potential to earn a lot more, but also to build the value of a business that will create a financial legacy to support my three children in years to come,” he said.

Within 18 months, Vanta Staffing was turning over £2.7 million per year. After a little over two years, Glynne is also in a place where he can take some money out of the business as a reward for his hard work getting it off the ground.

Both Glynne and Marshall say the same thing; starting a business was the best thing they have ever done, for their wealth, their careers and, crucially, for their quality of life.

 

It pays to be in business with a powerful partner

You’re the owner of a newly launched recruitment agency. You are flat out, juggling a million things to keep the cash coming in and the business afloat.

Then, the last thing you need happens. A new client has gone rogue and won’t pay you what’s owed.

Do you hassle them? Do you get the lawyers involved? Can you afford the cost, time and stress of chasing it? Or do you just suck up the loss and desperately find a way to keep the business going?

Unfortunately, getting paid on time, or getting paid at all, can be a crippling problem for any start-up. New business owners often don’t have the resources to take on unscrupulous operators, which can be deadly for any fledgling enterprise.

In May The Federation of Small Businesses called the situation with late or non-payments a “national scandal”, which was killing an astonishing 50,000 small businesses a year.

But recruiters who decide to launch their own enterprise with The Recruit Venture Group have all of the freedom of running a small business with the benefits of having a major organisation in  their corner.

The Recruit Venture Group has already helped nearly 60 recruiters to start their own business, and at every step of the way they are supported. The market-leading joint venture model means that each business has access to a comprehensive back office function and expert corporate, financial and legal advice.

So that means when a business does run into a problem that could cost serious time, money and worry, The Recruit Venture Group has the ability to sort it out quickly.

A non-payment scenario arose very recently for a recruitment business, but one call to The Recruit Venture Group and the problem was resolved quickly.

Managing Director, Paul Mizen, said: “We don’t just help to launch recruitment businesses, we are here for them at every step of their journey to growth. As a senior team, we have decades of varied experience in recruitment. Trust me, we’ve seen it all, so if a problem arises, we work with the business to put it right.

“We had one example recently were someone thought they could get away with some free services by taking advantage of one of the businesses we support. They didn’t realise that the business they were trying to fleece had The Recruit Venture Group in its corner, but when they did, they soon backed down.”

Starting a business with The Recruit Venture Group is all about support. All of the finance needed for launch is offered, with no need for the recruiter to put down a penny of their own money. As well as setting up the business and offering a comprehensive back office function, a full mentoring and business development service is offered as part of the package.

 

Big recruitment business opportunities after more strong figures

For all the continuous talk of uncertainty in the UK economy, the underlying numbers in the job market remain as solid as a rock.

This week’s official figures continue to show stability, with average weekly wage growth at an inflation-busting 3.9 per cent – an 11-year high. People in work is also now at a joint record high, with 76.1 per cent in employment.

And although there are recognised challenges in finding enough skilled people to fill vacancies, recruitment agencies are also finding big opportunities to win new clients and secure better, higher paid jobs for their candidates.

Paul Mizen, Managing Director of The Recruit Venture Group, said: “For nearly a year now I have spoken about how some people in recruitment are talking themselves into a crisis of confidence when it comes to the future of the economy.

“And for nearly a year, I have said that there has never been a better time to start a recruitment business.

“For any talented recruiter that has sat on their hands for the last year, wondering whether to launch their own agency, has so far missed out on a great time to do business.

“If you are a recruitment employee who has an entrepreneurial spirit and if you have always wanted to take control of your career, make your own decisions, multiply your earnings tenfold, while building a business worth millions, then ask yourself: ‘If not now, then when?’

“I don’t listen to the noise, and that’s why The Recruit Venture Group is helping more talented recruiters in 2019 to launch their own recruitment businesses. I’m putting my money where my mouth is.”

The positive Office for National Statistics figures also show that the employment rate is the joint highest since 1971. The Government and economists have branded the figures as a source of strength for the UK economy.

A report by Bibby Financial Services in 2018 found that 10,000 new recruitment businesses had been registered with Companies House in that year alone. It found that most recruitment leaders were expecting growth in 2019.

The Recruit Venture Group exists to open the doors to entrepreneurship. Talented recruiters are given a pathway to success, no matter what the economic conditions.

By offering 100 per cent of the finance needed for launch, risk free, and offering a comprehensive, ready-made, recruitment back office solution, all the building blocks of the new enterprise are taken care of. With mentoring available from The Recruit Venture Group’s vastly experienced senior team at every stage of the business journey, the new entrepreneurs are allowed to focus fully on recruitment and driving those revenues.

The unique, proven joint venture model has already helped 55 recruitment employees into entrepreneurship, who are all now leading businesses at various stages of growth.

The process from the first, confidential enquiry to The Recruit Venture Group, to the business opening for business, can be as quick as a few months.

 

Five ways we create recruitment businesses built to survive and thrive

Most businesses fail within five years.

It’s a hard truth that starting an enterprise is a risky business. The Office for National Statistics’ latest data shows just 43% of businesses make it past their fifth year.

Launching a business knowing that the odds are against it surviving is one of the many reasons why so many never give it a try.

The Recruit Venture Group, however, is turning those statistics on their head. Recruitment businesses established under our unique joint venture model have a survival rate is over 85%*.

That’s because The Recruit Venture Group tackles the key reasons for why businesses fail head-on. The results have led to recruiters, with no previous experience of business leadership, building businesses worth on average turning over, on average, £3 million a year. So far, 55 recruiters have taken that step and have not looked back.

 

The Recruit Venture Group supports talented recruiters to launch enterprises built to last. Here’s how:

 

Risk FreeAll the funding you need, risk free

Lack of finance and having to take out loans on expensive terms means many budding entrepreneurs start with one arm tied behind their backs.

But when it comes to capital, The Recruit Venture Group doesn’t mess around. Every penny of the finance needed for launch is offered, risk free, without question. Ambitious business plans are matched with the money needed to make them happen.

 

 

Preparing for success

Preparing for success

Even experienced, talented recruiters need meticulous preparation and a clear plan. The Recruit Venture Group works with its joint venture partners on a bulletproof business model that will guide the new enterprise from day one through to an established recruitment agency. Every aspect of establishing the business, from initial rough plan through to launch, is taken care of.

 

 

 

Ready-made infrastructure

Ready-made infrastructure

How many businesses hemorrhage money on IT systems, on accounts and payroll solutions and on HR and legal expertise? And how much time slips away managing these relationships, and how often do they fail to deliver on expectations?

The Recruit Venture Group offers a back office solution that completely removes that headache and money pit.  All of those functions are not just taken care of, but they are tailored to the needs of a recruitment business. That’s a huge saving in both time and money and allows our joint venture partners to focus on generating revenues and building relationships with clients and candidates.

 

Cash is King

Cash is King

Cashflow kills so many businesses. But everything mentioned above is about The Recruit Venture Group offering a model which maxmises income and minimises costs.

Our new leaders start generating revenues from day one. No money worries, no time-wasting on the administration. We want that cashflow statement looking healthy as early as possible.

 

 

Start up

A guiding hand

Lack of access to good mentoring and business support is a regularly quoted reason why businesses fail to survive. Experienced brains are hard to find and can charge big consultancy fees.

The Recruit Venture Group senior team, which has decades of experience between them, is on hand at every step of the business journey for advice and support. With a vast range of experience, we ensure help is there when it is needed most.

Paul Mizen, Managing Director of The Recruit Venture Group said: “You can be placing a thousand candidates a week, but if you are burning through costs or have borrowed stacks of money on bad terms, then you will run into trouble.

“A recruitment business built to survive is not just one that generates revenues, but one that minimises risk. That’s what we help create.”

 

 

A salary alone is not the key to personal wealth

How wealthy are you?

For driven, talented recruitment employees working for a salary, the answer is probably, “not wealthy enough”!

But Government statistics have revealed we are now wealthier than ever, with UK wealth now at nearly £13 trillion.

The wealthiest are those in their 60s (average wealth £332,000) and those who live in the South East (on average £175,000 per adult).

That’s not down to wage increases, but down to property and investments. The lesson for people is that to be truly wealthy, you need to build your asset wealth, not just rely on a salary.

Many recruiters get to the stage where they feel like they have maxed out their earning potential. They’ve hit their targets, they’ve scored a promotion, but there’s always a glass ceiling.

As the Office for National Statistics figures show, you need to invest in something to generate serious wealth. And in recruitment, that either means buying into a business, or better and more likely, starting your own agency.

The Recruit Venture Group has already helped 55 recruitment employees take that very step. These are recruiters who knew they could multiply their earnings by taking home more of the money their talents were generating.

But more than that, they are an owner of a growing enterprise. Every hard-earned client, and every satisfied candidate, goes towards building the value of their business, and by extension, their asset wealth.

Paul Mizen, The Recruit Venture Group’s Managing Director, said: “People are often tempted into recruitment because of the salary and bonus structures on offer. And at first, it seems like you can make a tidy sum.

“But it doesn’t take long to realise that those earnings are a fraction of what they are making for their bosses. When it comes to wealth, business ownership is the only true way to maximise your net worth.

“The Recruit Venture Group is here to offer a gateway to entrepreneurship. The recruitment agency bosses we have created have not only increased their earnings many times their old salaries, but are also building businesses worth millions.”

From initial call, to the launch of the business, recruiters contacting The Recruit Venture Group can become their own boss within just a few months.

With 100% of the finance needed for launch provided, as well as supplying a complete back office solution, The Recruit Venture Group’s joint venture structure means starting the business is simple, and straightforward.

As a new boss, you are free to focus on the recruitment and generating revenues, with everything else taken care of.

Many recruitment leaders say building a financial legacy, and having something to pass on to children or loved ones, is one of the main motivators behind deciding to start their own business.

 

 

Dream holiday? How about your dream recruitment business?

Schools breaking up, your email inbox clogged with ‘out of office’ responses, it can only be one time of year.

Many hard working recruiters will have spent the last few months planning a well-earned holiday this summer. In fact, figures from Nationwide suggest Brits spend up to a quarter of their disposable income getting away from it all.

But those lazy days on the beach in some far flung oasis only last for a week or two and then it’s back to the day job.

So before planning the next dream trip, how about making plans for the vast majority of the year when you are not on leave? How about planning for your dream recruitment business?

Many ambitious recruiters will certainly have thought about one day running their own enterprise, but what would that look like?

The Recruit Venture Group has helped 55 recruitment employees launch their own enterprise. Every business is different and has been moulded in their image.

Here’s how we help you shape your dream recruitment agency:

 

Hitting your target market

Whether it’s finding an opportunity to really nail the local healthcare recruitment market, or catering to big volume clients in the manufacturing and industrial sectors, we help you pinpoint where you can make most impact.

Our top mentoring team helps fine-tune your business plan to ensure your new agency breaks into the market from day one, achieving key milestones along the way.

 

Standing out from the crowd

You’ve chosen your market, but what will make your business different?

Some businesses launched with The Recruit Venture Group have offered free training to bring unemployed workers into the labour market. Some are using social media and digital platforms creatively. Others just want to offer that gold-plated, personal service that their previous employers never could.

Key to this is branding, PR and marketing and we offer all of the help and advice you need. From your company name, logo design, website, through to your advertising and promotion, we help you deliver a clear, consistent and memorable brand to your target clients and candidates.

 

 

Matching your growth ambition

Do you want to open your second office before the end of year two? Do you want to build your team from three to seven in 12 months? Do you want double-digit profit growth year-on-year?

The Recruit Venture Group helps give your business the sustainable platform from which you can reach your targets. From offering 100% of the finance you need to deliver on your business plan through to our comprehensive, tailored back office solution, there will never be any limit to what your business can achieve.

 

 

Reap the rewards

A dream business is also a profitable one. That means you will finally be earning the kind of money your hard work deserves, not a limited salary. That means you will be watching the value of your business grow, year after year. You look after it, it looks after you, now and in the future.

The Recruit Venture Group has launched recruitment businesses up and down the country and all have one thing in common, they are owned by great recruiters.

 

 

 

Why great recruiters make greater business leaders

What does it take to be a successful leader?

It’s a question ringing around the country right now, as Conservative politicians queue up to be the next Prime Minister. Whoever gets into Number 10 will almost certainly have the toughest job in the country

Delivering Brexit in a form that can be badged as a success, while also bringing together a divided nation, will demand a leader of exceptional qualities.

But the media focus seems to be more about their shortcomings than their strengths including details dug up from the past that they rather hoped had been forgotten.

In business, thankfully, there is less scrutiny. But for those taking that first step as a leader and launching their own business, the basic question remains – have they got what it takes?

Many successful recruiters who are hitting targets and generating serious money for their companies know they would be seriously better off if they were running their own enterprise. They are fantastic recruiters, but can they be fantastic leaders?

So many are put off because of the financial risk, lack of experience and worries over all the additional cost and expertise associated with accounts, payroll, legal, IT systems and more.

That’s where The Recruit Venture Group comes in.

The reality is that successful leaders recognise that they need good support. They recognise where their strengths are, and where they have weaknesses and gaps in knowledge.

In politics, the Prime Minister has close advisers and aides. In business, savvy entrepreneurs know that getting the right people in their corner is essential to launching a new enterprise.

The Recruit Venture Group has already helped 55 recruitment professionals start their own business. What they have in common is not vast experience of owning and running enterprises, but a track record of success in recruitment. They are motivated to earn, they are determined to deliver for clients and candidates, and they are already performing in their job as if it is their own business.

This is the kind of leader The Recruit Venture Group is looking for. Everything else is taken care of.

The joint venture model established by The Recruit Venture Group ensures that 100% of the finance needed for launch is provided, completely risk free. There is no living hand-to-mouth off credit cards, or risking the family home and assets.

And crucially the essential business infrastructure – the back office – is supplied completely by The Recruit Venture Group’s tailored and market-leading service.

That means, for example, that payroll ensures temps are paid on time, accounts ensures that finances are in order and IT ensures that computer systems are running smoothly.

Mentoring support is available from The Recruit Venture Group team at all times, drawing on a vast experience across the whole industry.

The model is about enabling the recruiter’s talents to shine, focusing on what they have always done well – delivering for clients and candidates. This is their business, their brand, and they call the shots. They are the leaders.

Paul Mizen, The Recruit Venture Group Managing Director, said: “The 55 business leaders we have helped start their own business come from a range of backgrounds and have a range of personalities. The common thread was that they were all fantastic recruiters.

“Whether leaders are born or made, it doesn’t matter to us. Our model proves that if you put driven recruiters in a position of business leadership, where they really can reap the full reward of their efforts, you see the results in the dynamic, thriving and growing businesses they create.”

 

 

The amazing things you can do when you launch your own business

Many people have dreams of launching their own business. They think about what they can achieve, and the legacy they can build.

Too few people actually take that first step.

But of the 55 recruiters that The Recruit Venture Group has so far helped into business ownership, most say they wish they had done it sooner, and all say they have never looked back.

Because it is not just the fact that they are now fully reaping the rewards of their hard work, making more money and building the value of their own business. They are also now able to step out of the day-to-day and achieve things that as employees would not have been possible.

Take Jamie Wingrave, whose Jark Ipswich business grabbed the opportunity to play a key role in an episode of the BBC’s DIY SOS fronted by Nick Knowles. The programme came to Suffolk to take on the challenge of helping a married father-of-one who was left with brain damage following a savage attack he endured after watching a football match. His home needed a series of renovations and adaptations to improve his quality of life.

Jamie and his Jark Ipswich team worked evenings and weekends, including regular visits to the site, to supply the labour needed for the DIY SOS team to get the job done. Local media even carried several news stories about their experiences. The final reward came at the start of 2019 when the show aired on primetime BBC One, where they could see the fruits of their hard work.

Jamie described it as a “once in a lifetime” opportunity that will never be forgotten.

Another example comes from Carestaff Bureau, launched by former recruitment employee Andrew McGeorge in 2016, with the support of The Recruit Venture Group.

The healthcare recruitment specialist has helped 110 unemployed people, with no previous experience of the care sector, into permanent jobs. This again attracted local media attention.

Their pioneering approach has seen them deliver, for free, the skills training those unemployed people needed to secure care work. It was also a way of grappling head-on with the lack of available candidates in the South East where they are based.

Giving candidates the platform for an entirely new career, while at the same time better meeting the needs of clients is a double win and has been incredibly rewarding for Andrew and his team.

Some new entrepreneurs have also gone on to become important voices in their local business community. Gary Whittred, who launched Jark King’s Lynn, in Norfolk, was given media coverage for calling for the dualling of a busy and important A-road, the A47, which is the subject of a region-wide campaign to upgrade it.

Many other businesses launched with the help of The Recruit Venture Group have gone on to do other fantastic work, including charity initiatives, sponsoring local sports teams and supporting their communities generally.

These are all things that can be done and achieved when you launch your own business. These are also the things that very often become career highlights and moments to be proud of.

The Recruit Venture Group model is all about letting the recruiter set the values and culture of their business. By offering 100% of the finance needed, risk-free, while also offering a comprehensive and ongoing back office support solution, including accounts, payroll, IT, HR and marketing, it gives recruiters the perfect platform to succeed and shape the business to their vision. It also frees up the new entrepreneur to get out into the marketplace from day one and drive revenues, safe in the knowledge that the rest is taken care of.

This is especially important in the early days of a start-up, where so many people who go launch a business solo fall by the wayside, burdened by worries over cash, and getting bogged down in administration. The Recruit Venture Group’s joint venture model breaks down these barriers.

And once the business is established, there are no limits. No limits to revenues, profitability, the expansion into multiple offices and of course, no limit to the amazing things that can be achieved which go beyond business as usual.

 

 

Record-breaking UK jobs market shows recruitment sector strength

Once again the UK jobs market has delivered another set of record breaking figures, showing just why so many recruiters are planning for significant growth in 2019.

The figures are yet another boost to the recruitment sector. They show that 32.6 million people were in work between October and December 2018, with an employment rate of 75.4% – the highest since 1971. The unemployment rate was just 4% – the lowest since 1975.

And wage growth sat at 3.4% in the year to December, which is a significant boost to worker pay packets and spending power, especially as inflation has slowed to its lowest rate in two years.

A clear shortage of candidates in certain sectors to meet demand means workers are on the move to secure increased pay. While the tight labour market is a challenge for employers, there is an opportunity for innovative, creative new businesses to thrive by helping clients meet those challenges head-on.

Paul Mizen, managing director of The Recruit Venture Group, which has so far helped 55 recruitment professionals launch their own businesses, said:

“These figures are a good example why. We have to look at what’s going on in the real jobs market and the reality is that things are extremely robust and positive.

“The idea that people might be holding back launching their own enterprises because of Brexit or uncertainty is wrong, and these figures show that potential entrepreneurs are missing out by delaying a decision.

“There is huge competition for skills right now, and a recruiter who knows their market, or has a sound strategy up their sleeve, has the potential to build a very profitable, thriving business, very quickly.

“These are not just words. We are ready to invest right now in recruiters with at least a few years’ experience of the business and a good track record. The opportunities just now are clear.”

For those recruiters who have always thought about running their own business, the message from the The Recruit Venture Group is to not let short term turbulence distract from long term ambitions.

The Recruit Venture Group’s unique joint venture model also takes away many of the anxieties entrepreneurs face when launching a business solo.

They offer 100% of the finance needed for launch, risk free, and even offer a healthy salary to those they invest in to ensure that the monthly bills and mortgage can be paid without worry.

Secondly, they offer all of the back office support the business needs. It is a tailored, first-class solution which covers HR, payroll, accounts, IT, marketing and more. All of these functions, if contracted in independently, would amount to thousands of pounds of overhead per month, draining cashflow.

And lastly, there is all the mentoring support and advice the new entrepreneur needs. The Recruit Venture Group team collectively has decades of experience in recruitment, across different sized businesses and different sectors.

The package is geared to the business succeeding by taking care of the things new enterprises often struggle with. That means recruiters are free to do what they do best – recruit.

This is their business, their brand above the door, their strategy and vision, and ultimately their own legacy they are creating.

From initial enquiry to the first day of launch can be as swift as a few months. That means recruiters looking to take advantage of the current buoyant labour market, can do so very quickly.