Staring up your own recruitment agency is something that recruitment professionals think about all the time. They’re entrepreneurial by nature and, armed with experience, want to put their own ideas into practice, and reap their own rewards. If you’re considering setting up on your own, think START.
Sound financial backing
So essential. To set up without a firm financial footing is a sure way to disaster. You’ll be taking a giant step from a regular pay cheque to the rigours of cash flow. Initially you’ll need sufficient funding for premises, computers and all the day to day things that make an office work, including furniture! But you need to consider the costs of trading, and have finances in place to allow you to operate until you begin to see real income. Ideally you need to avoid expensive loans and overdrafts, at the same time as being able to draw, even a modest, salary yourself. You’ve got to eat!
via If You’re Thinking of Setting Up a Recruitment Agency, Think – START – Social-Hire.
