Article published on: 21/08/22
So you have made the decision to go it alone in the world of temporary recruitment.
Temporary recruitment is a fast paced and very rewarding industry to start a business in. Agencies are used by both small companies and big corporations and they serve pretty much every sector of the economy.
Once you’ve researched the market, perfected your business plan and calculated your financial projections, there’s still a lot to do before you will see your first invoice being paid.
But what can you do to make your transition into being a recruitment entrepreneur a little less stressful?
Here are Flo's tips on how to start up your own recruitment business:
Most new recruitment companies are founded by someone with decent experience in the industry. If you’ve been part of an established agency, you are more likely to feel assured about your knowledge and skills.
Perhaps it was even whilst working in recruitment that you first noticed a gap in the market for your own business? Whatever your background, remember that it’s just as valuable to learn from the mistakes of others’ as it is to learn from their successes.
What don't you know?
Perhaps even more importantly than using your experience, is realising what your experience is lacking.
If you have little understanding of social media, marketing strategies or creating websites, it could be worth doing your own research or using an external agency.
In other cases, it could be that your attention is better focused elsewhere. Talking to someone from an accounting or legal service, or outsourcing certain functions for example payroll, can help bring in additional expertise leaving you with more hours each week to focus on prospecting new clients and developing business growth.
From day one...
Many new business owners say that, despite all of their plans and research, they weren’t fully prepared for their first day or it may well have been a quick decision to set up.
Recruiters are sociable by nature and leaving a buzzing office for a small home study could be a shock to the system. From the first day you’ll be expected to combine many roles into one, becoming as much of a marketer and a credit controller, as a temporary recruiter.
Finding a network of other business owners who may be able to provide you with crucial support and advice during this initial period can be a great help.
The key is to remain passionate about what you set out to achieve as a new recruitment agency. Attending industry and networking events can refresh your passion for the sector and help to keep you on top of any new industry developments.
Create an effective workspace
The right working environment is important for every entrepreneur. This means making sure you have a decent internet connection and a good phone line, as well as keeping your office space structured and organised.
Finding the right recruitment software is also essential. For all temporary recruitment agencies overseeing multiple bookings and time-sheets at the same time, is a big part of the role.
Flo’s WorkFlo: Recruitment Software has been developed with start-up agencies in mind to help you save time, reduce administrative costs and remain compliant from the very first day.
We can support you from the off at Flo, with resources, funding and all the services needed to launch your agency.
Contact us on 01827 438065 or firstname.lastname@example.org