Often, the journey to recruitment business ownership requires patience, focus and a realisation that you don’t just suddenly become “ready” to make the biggest leap of your professional career and start your own recruitment business. The transition from “thinking about”, to physically being “ready”, is slow burn business, often taking months, years or even decades before you find yourself at a stage that you can seriously “make the leap”.
After all – you will only make this exciting leap once! You will sail away into the sunset of business ownership, make your millions and retire on a beach somewhere in the South Pacific with your family around you and the biggest worry on your mind being whether you’ll have tequila or beer with your shrimp for dinner!
So why rush? Why try and shoe-horn something so important, something so exciting, into a period of your life where really – you just aren’t ready?
So why not read on to examine what really constitutes as being “ready” to start your own recruitment business? You’re not just thinking about, you don’t just “kinda want it”. You’re focused, dedicated and fixated on it!
You know your market?
Heck, you know your market better than you know your daily commute home. Much like your daily commute home, yes there are always going to be opportunities to learn more and more about your market – but you’re ready to learn & progress on your own terms, not those of an employer.
Much like your daily commute home, yes there are always going to be opportunities to learn more and more about your market – but you’re ready to learn & progress on your own terms, not those of an employer.
You know what needs to be done to win new business. You know what needs to be done to service existing business and above all else, you are happy, willing and able to do the whole 360-degree element of recruitment. You’re a business owner in the making and you know it.
You don’t want to do this, you have to do this
The lure of Business Ownership is no longer some esoteric pipe-dream. Starting your own recruitment business has shifted from a “should” to a “must”; from something you’ll consider tomorrow, to something that in some guise you are thinking about every moment of your life.
It’s something you have undeniable, unwavering passion for. I know that might sound a bit extreme but it’s true – over the years of helping so many recruiters, it’s become clear that the ones who succeed versus the ones who come up short is not so much their recruitment knowledge, but their drive, desire and determination to fulfil whatever ambition they have for their own business.
You know what you want
For some Recruiters, starting their own business is something that they have always wanted to do. Something that was always an end goal, an ambition and a desire they had the moment they made their first £5k placement as a trainee recruiter. They want to be their own boss because of the freedom it will give them, the pride it will reward them with and the financial implications working for themselves will have.
Many top-quality recruiters want to work from home, make 2-3 placements a month and reap the rewards of that. Therefore, allowing them to spend more time with their family, have the flexibility of working for themselves and maintain that balance between work and their life. That’s fantastic!
Other top-quality recruiters want to build a team around them, build a reputable brand of serious equitable value within the next 5-6 years time. Yes, this is about spending more time with the family, having the flexibility to work for themselves; but more importantly, it’s about creating a future for their family, a viable financial route map for their children and helping them create the foundations for the rest of their lives. Which is, equally, fantastic!
My question for you is – do you know what you want?
Domestically – I’m ready baby. I’m ready!
You’ve discussed this time and time again with your loved ones, friends, and in some cases, colleagues. Your family is on board, your partner knows this is important to you and most importantly – you know that this is a logical, rational and calculated risk.
With your family behind you, what else if there to consider? Some “cash” set aside for the first few months? A laptop, a desk, a lamp?! Any additional insurances that you must consider? What about your registered office? Have you checked if you are legally allowed to trade from your home?
There’s a lot to think about, there’s no denying that.
There is no such thing as the “perfect time” to start your own recruitment business; those who wait for that are as likely to start their own agency, as Liverpool FC are to go back-to-back games without conceding.
But unlike Liverpool; when you know you feel ready, the chances are – you are ready to start your own recruitment business. It’s now a case of putting the necessary steps in place to help you achieve your ambitions.