I’m a fantastic Recruiter but how do I set up as a recruiter on my own with little cash!
Even the best recruiters are likely to find themselves short of cash – Getting the Bentley serviced is rarely cheap!
If you’re a fantastic recruiter, or even an average one, there are few things you need to consider in the early months.
Consider you may not get paid for 4 months or more - even if you make a placement in the 1st month, can you survive with no income for 6 months?
You’ll need a database solution of some sort, but shop around its a competitive market and some suppliers offer payment terms which allow you to back-load the payments,
or better still pay for the solution on a monthly basis. But don’t rule out buying software outright... installing it on your laptop may be cheaper than renting it over 12 months.
Get a website, but it doesn’t need to be too flash – examples of placements you’ve made are often better for prospective candidates than a job search section with no results.
Do you need an office? – You can work from home but working alone can be very challenging in the early months, will you hack it?
Network with other start-ups and take all the advice you can – the ‘Grow your business’ event in London, would be a good place to start
Choose your suppliers wisely – you can’t afford your software supplier, website designer or your factoring company going bust
Be flexible, very – it’s a tough world out there, but you don’t need many placements to earn a good living!