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How To Start A Recruitment Business On A Tight Budget

Does your job allow you the freedom to chose you own working hours? Are you also able to determine your own wage? How about team members, can you hire and fire them? Probably not, right? Well, these are just three basic reasons why starting your own company in 2014 is an absolutely fantastic idea. While other people are slaving away in factories, warehouses and offices belonging to the fat cats, you’d be able to work at your own pace, and make a lot of money in the process. Now, I bet that sounds appealing.

At the moment, the UK job market is pretty slow, which means you need to look for an industry where huge amounts of growth are still occurring. Recruitment is one such industry. As fewer and fewer traditional jobs are available, more people are moving towards agencies, and so you could seriously cash in if you take the right approach and jump on the bandwagon early enough. With all that in mind, this post will provide you with a basic step by step guide to getting involved.


 

Sourcing Startup Funding

Firstly, you’ll need to knock up an attractive and lucrative business plan to make investors understand just how much potential there is in your idea. Once this is completed, book a meeting with your bank manager and see what he can offer you. In most instances, you’ll get funding via this means so long as your figures add up. However, if you’re refused, perhaps a private investment company might be your next step.


 

Finding A Business Premises

Next up, you’ll need to find somewhere to operate from. Obviously, you want to spend the least money possible on this, so have a look in the windows of your local commercial property agents and see what’s around. Just make sure the building you settle on has all the things you need.


 

Obtaining Clients

Like it or not, you’ll have to spend a lot of time knocking on doors and calling potential clients on the telephone to obtain the positions you need. If this is something you don’t feel confident with, maybe you should hire an experienced staff member to deal with this for you? After all, that is one of the benefits of owning your own company.


 

Enlisting Workers

Once all your clients are on board, it’s time to start thinking about finding reliable workers. This can be tough, but so long as you advertise properly, it’s more than achievable. For the most part, your workers will come from the unemployment line, so you may have to work a little harder than normal to motivate them. However, the most important element to success here relates to contracts. You’ll need to visit a specialist website like Breens Online and arrange to speak with an expert in this field.


 

At the end of the day, so long as you follow this step by step guide (and also obtain the right insurance, I forgot to mention that) your new business idea should take off in no time. There are so many companies out there who need staff, but are too afraid of taking them on permanently, that you could make a fortune.

Good luck!

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Chirag Dodiya

I Conceptualize, Innovate and then work on Executing Amazing Startup Ideas with the help of a team and Entrepreneurs Network. I love building and rebuilding Products. Using creativity, ideas and magic, I build businesses.

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