Setting Up a Recruitment Business
For many recruiters, the idea of setting up a recruitment business is the Holy Grail – the goal that they work towards with passion and enthusiasm, the target that keeps them working 12 hours a day in that agency role they hate, the dream that distracts them on the long commute to the office.
You know you want it, but do you have the business experience it takes to start your own recruitment business?
Setting up a recruitment business
With SSG, setting up a recruitment business is a carefully managed process, allowing you to focus your attention on what you are good at – recruitment! We understand that the whole process of starting your own recruitment business can be daunting – there are so many things to consider such as ensuring the new business is legal and compliant, dealing with the accounts and financial challenges, building the logo and brand of the business as well as developing a website, and accessing the resources you need to make a recruitment business a success and source those all-important candidates.
We take the pain of these challenges from you, by guiding you through the launch process and then providing ongoing support to your recruitment business.
Does setting up a recruitment business with SSG guarantee success?
Well, promising that would be like promising to provide you with the winning lottery numbers for Saturday night’s draw – impossible! But what we can tell you is that, since 2003, SSG have set up over 200 new recruitment businesses and we continue to support in excess of 135 of these. Our success rate is far above the national average for start-ups, with 4 out of 5 of recruitment businesses we have set up still trading after 12 months. Why? Our unique blend of experience, industry knowledge and our commitment to making your business a success.
Setting up a recruitment business: Recruitment business start-up funding
So, you know that SSG will set up your recruitment business absolutely free of charge and then support your business on an ongoing basis, all in return for a small percentage of what you bill (never more than 30% and descending year on year).
But what about that all important factor – money! It makes the world go round, according to many, but does it power your recruitment business start-up? With SSG’s free business launch, there is no need for oodles of investment, fancy loans, presenting 100-page business plans to the bank or going cap in hand to family members.
You will simply need enough funds to cover your minimal costs (such as your phone bill) and to survive that ‘baked beans period’ – you know, the months where you are living off the last tin of baked beans from the back of the cupboard.
We’ll happily to chat to you about all the options for recruitment business start-up funding – after all, our expertise is part of our investment in your recruitment business.
Setting up a recruitment business: Why choose SSG?
If the obvious financial incentives (you know, the 70% of the placement fee you keep and the totally free business launch) and our proven track record (that’s over 200 new recruitment businesses set up, in case you’d forgotten) aren’t enough, how about:
- Access to a team of experts on hand for advice and support in your new business
- Technical and IT support
- Creative and Branding provision
- Full Back Office / Accounts / Financial function
- Job board access
- Resource allocation including DBS checking, vacancy reporting, credit checking and skills testing
- Legal, business and HR support and guidance with regular business reviews
- Recruitment software
- Access to our online Training Portal, plus live training events
In addition to these tangible services, more importantly to the development of a successful business is, we feel, having a team around you that you know you can call on as and when you need it. That they are always there, regardless of whether or not the company makes money, is what our business model is predicated on.
How long does the launch process take?
In reality, we work around you. The fastest we’ve ever completed a full launch including website build is 4 weeks – it is possible! The longest….well…..
From SSG’s perspective there are no set timeframes. When we kick off the launch of your business we’ll talk through your current circumstances, your plans and your availability. From there, we’ll agree a schedule and work towards your ideal start date. Of course, some of this depends on you and how quickly you can respond to our requests, but when the project is starting your own recruitment business, we’re sure you’ll be brimming with enthusiasm.
Why take our word for it?
If you’re thinking about setting up a recruitment business, why not talk to recruiters who have done just that? Surely, it would be great to hear about their experiences, learn from their mistakes and see how the start-up of their recruitment business has affected their day-to-day life. Watch our videos below to see how recruiters just like you have made their recruitment business a success with the support of SSG.
Call us on 01442 937 774 for a confidential discussion about how SSG can help you achieve that Holy Grail of starting your own recruitment business.
1. Setting up a recruitment business is my dream, but do I have the business experience it takes to succeed?
"SSG provide the business acumen, so all the experience you need is at least 3 years in a 360-degree recruitment role, ideally within an agency environment. Add to that the drive, motivation and determination to succeed and the belief that we can all work happily together, and, as they say, teamwork makes the dream work."
2. Is there a clear step-by-step process to follow?
"SSG will project manage the start-up of your new recruitment business for you, ensuring that everything that is necessary to get your business up and running is in place. The launch of your new business generally takes between 4 and 8 weeks, but of course this is dependent on you and your plans."
3. How many recruitment agencies has SSG launched?
"Since 2003, we’ve launched well over 200 new recruitment businesses and we continue to support in excess of 135 of those businesses. 4 out of 5 of the ventures we support stay with us at the end of their initial contract term and we have an enviable success rate, especially in comparison to the national average success rate for start-up businesses."
4. How long does it take before most companies start making a profit?
"It varies depending on sector, location, current situation and, of course, any restrictive covenants in place. We advise you have savings to cover at least 3 months’ costs to survive that ‘baked beans period’ – most businesses should be invoicing by then, if not sooner."
5. I’ve read about comprehensive ongoing support after the launch process is complete – what is included?
"We want you to focus on what you do best – recruiting! So, we provide support in four key areas:
Legal and Compliance – we consider all of the things you might not, to ensure your business is fully compliant.
Creative and Branding – from designing your logo on Launch Day, through the provision of stationery to building a bespoke website, our creative geniuses are on hand to make your business look beautiful!
Resource Allocation – including the key provision of job board access, as well as a raft of other services, we ensure that your new business has access to the resources it needs to trade successfully.
Accounts and Financial – we know no one wants to deal with the VAT Man and that challenging area of ‘the books’, so we ensure that your business’s back office runs smoothly.
Business – every business is different and so we respond to your specific business needs. PSL tendering, client dispute resolution, expansion, business mentoring…..the list is endless.
Or it might be simply a shoulder to cry or someone to share those champagne moments!"
6. Do SSG offer recruitment start-up business funding or investment?
"Not as a general rule, however we do have an equity model where we may consider some additional investment (over and above the free business launch) in return for a percentage share of your new recruitment business.
What we do invest is our time and money in launching your new recruitment business free of charge, and providing comprehensive ongoing support, regardless of whether or not you bill that month "
7. What other recruitment business start-up funding options are available to me?
"If you are in need of funding to start up your own recruitment business, there are a number of options available to you, which include bank loans, franchises, private investment, associate or commission only schemes, or self-fund DIY (where you may save the funds yourself or borrow from family/friends).
All of these options, as with the SSG offering, have pros and cons. We’re happy to chat them through with you – just give us a call on 01442 200944."
8. What are the first steps?
"You’ve already taken the first step – that’s how you ended up here! What’s next?
Have a read of our website. Check out our LinkedIn profiles. Watch our videos. Get to know us.
Then, talk to us – we’re always happy to chat, be that via our website, over email or just on the good ol’ dog and bone. Call us on 01442 200944 "