Recruitment Funding Solutions

Day: 21 March 2019

  • Your first month as a recruitment agency owner

    Your first month as a recruitment agency owner

    Once you have begun operating your own recruitment agency, it may suddenly dawn on you that your primary source of income is your own business!


    This can of course be very scary to some, especially if this is the first time you have started your own business.

    However, don’t worry, help is on hand. To help make this transition as smooth as possible, and give you the best possible chance of succeeding, we have put together some information. From what to do in your first month, to how to make new contacts, the following tips are designed to help remove some of the pain involved in setting up your own recruitment agency.

    Whilst this list is by no means exhaustive, it does contain some important details that we feel new recruitment agency owners need to know when first starting out. As such, you are also recommended to read as much as you can – not just about setting up a recruitment agency, but what you need to do to make a business venture a success.

    Create a schedule and stick to it

    The freedom of being your own boss it likely one of the reasons why you first wanted to set up your own business. Such freedom is very desirable, and therefore wanting it is perfectly understandable. However, having a regular routine is very important as it provides you and your working day with much needed structure. If you do not put such a schedule in place, one of two things are likely to happen. First, you will either become lazy and not work as hard as you need as there is nothing in place to make you sit down and work when required. Second, if this does not happen, then the opposite usually does – that of working too much. Not only can this put a real strain on your health and personal relations but can result in you resenting the lifestyle you have chosen for yourself, and as a result, the very business you set up. Whatever your schedule is, ensure it remains achievable over the long time and enables you to work and have time for yourself.

    Be careful with your money

    With your new recruitment agency doing well and clients increasing, it is perfectly understandable to want to spend more. Of course, this may be necessary for expansion purposes, but a general rule for new businesses is to remain cautious when it comes to spending, at least initially. This is because things can change very quickly, and whilst one moment everything can be going well, circumstances out of your control can result in things taking a turn for the worst. To help combat against such a situation, you are advised to have emergency funds in place, as well as sticking to as small a budget as possible. Such behaviour will also give you peace-of-mind, knowing that you have funds and a budget in place should they be required.

    Stay indoors and meet people

    Growing your contact list and meeting people have traditionally been important aspects of running your own business. Of course, the internet has changed this, and many new businesses now operate exclusively online. Whilst this means that many people do not have to leave their homes to operate their business, it does not eliminate the need to meet people. This can be done both online and offline and is encouraged for new business owners. Such networking enables you to keep your social skills fresh, and of course can lead to new business opportunities. Joining online groups and reaching out to individuals through social media are great ways to meet new people and stay connected.

    Remember to market your business

    If you find yourself with a full client load, it is understandable that you may not be focusing on marketing your business. However, this is a mistake and as a business owner you are strongly advised to always be pitching for new work. This is of course to ensure that you can cope temporarily should your business experience a downturn, as well as attract new clients that will ensure your business remains sustainable. Simply put, do not rest on your laurels. Whilst you may be successful now, this is no guarantee that you will remain so in the future. It is therefore vital that you continue to look for new business opportunities to help your business grow and remain sustainable for the foreseeable future. Many of the most successful businesses around today can point to their ability to change and branch out into new business streams. You should therefore be flexible and aware enough to always be on the lookout for new opportunities.

    Good luck

    Starting out on your own is of course very exciting. From leaving your old job and choosing the name of your business to registering it and getting your first client, there are many exciting milestones awaiting you. Of course, there are also many things you must learn, as well as a lot of hard work along the way. Remember, by planning a schedule and sticking to it, being frugal in your spending and becoming connected with like-minded business owners, you will be giving yourself the very best chance of getting it right in your first month and the many months that will follow. Recruitment is an increasingly important and growing industry in the UK – one that can make a very real difference to the people you find jobs for and the companies you are placing them with.

  • What entrepreneurs have in common

    What entrepreneurs have in common

    When looking at successful entrepreneurs, it is only natural to look for a pattern, something they all have that sets them apart from everybody else.


    Some point to education, where they grew up, or how rich their families were. Whilst it is undeniable that such factors can have a significant impact on how successful a person is, when looking at successful entrepreneurs, that is, those who have changed markets, a different pattern emerges, that of personality. It would seem that your personality, your mindset, your drive, are much more important than how many degrees you have when it comes to success.

    You have what it takes!

    It is normal to look at the likes of Jeff Bezos and Richard Branson and think that they are different to the rest of us in some way, that they are a type-A person; academically excellent and incredibly ruthless. However, studies have shown that this just isn’t true. Research has revealed that the top two personality traits shown by entrepreneurs are perception and intuition. This suggests that success isn’t dependent on being the smartest, but rather it comes to those individuals who can identify opportunities and take them. To further breakdown the common traits of successful entrepreneurs and show you that you can have these also, we have put together the following five common personality traits.

    Determination

    All successful entrepreneurs share a passion for what they do. Whilst money and success are of course important, they are not the sole drivers behind their success, initially, there has to be a passion for what you do. This passion is evident in the time and effort needed to be put into a successful business. From the long hours required, the extra work and of course the responsibilities. That is why passion is so important – you need to love what you are doing so that all this hard work doesn’t serve to put you off.

    Staying focusing on your dream makes such hard work possible. Successful business people understand this and embrace hard work, often long after they need to. Steve Jobs, the iconic leader of Apple, once stated, “I\’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”

    Motivate yourself and others

    Being a leader means you have to remain motivated yourself and be able to motivate those around you. Having this drive to succeed is essential and often comes from the passion and love they have for their business. It is this passion, and their ability to pass this onto others that often makes successful entrepreneurs very successful entrepreneurs. Knowing your vision and being able to clearly communicate this to others is important. If you want your staff to invest in your company, your dream, then you need to be able to pass your passion to them, to make them want to join you on your journey.

    The glass is half full

    With all the stresses related to starting out on your own, it is understandable to become a bit pessimistic sometimes. It is important to try and eliminate such thinking. Successful business people are often positive, very positive. They focus on opportunities and the future rather than obstacles and what could have been. This ability to stay positive can, of course, be difficult, but it can be made much easier if you stay true to your plan. By remaining clear in your goals and ensuring your team is also, will help you on your path to success. Staying to your plan and knowing your goals will help you and others to remain positive. Try to always ensure that everything you do has a purpose and that this purpose is aimed at helping you realise your goals.

    Think outside the box

    Creativity is another common trait found among successful entrepreneurs. Their ability to look at things from another angle, to see things differently, is often what makes them so successful in the future. Businesses are often formed on big ideas, and these ideas usually come from looking at an issue in a creative way – differently from the usual. This ability, desire to think outside of the box enables you to improve existing processes, to identify new opportunities. Such thinking has led to ideas that have changed the world. Whilst you are not expected to change the world just yet, the more you think creatively the easier the process becomes and the more likely you are to come across good ideas.

    Take risks

    As has been mentioned, successful business people are not opposed to taking risks. When starting your own business, you too must exhibit such bravery, understanding that risk-taking is a natural part of running a business. You must be clear in the knowledge that in order to realise your goals and dreams, you must take risks from time to time. Remaining safe and complacent will prevent you from achieving greatness, and you should therefore not be afraid to take a leap of faith now and again. You should try to view such risks as opportunities, to focus on the rewards rather than the risks involved.

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