Over 200 new agencies start up every month but despite early stage success many fail and only 20% make it to a headcount beyond double figures.
If you're working in the recruitment industry and are a successful consultant, the chances are at some point you will have asked yourself the question, what would it be like to run my own agency?
The recruitment industry is a fast-paced market that is continuously changing, therefore, it is important to ensure businesses review the top takeaways from over the years to see what has worked and what has progressively changed.
A start up recruitment business plan is very much a document to demonstrate to others the path of your future business. It doesn't need to be overly complicated, long or outlandish, just concise and professional.
There are many finance options available to small businesses, it can be a little over-whelming and on the face of it, can seem complicated. Recruitment agencies tend to have two main options for funding the temp element of a business: invoice factoring and invoice discounting.
Change occurs and there may come a time where you are looking to move to a different recruitment funder. Here are some of the reasons why businesses may move recruitment funders: