Growing a successful recruitment business
Practical advice and tips to help you grow a successful recruitment business.
The recruitment industry has seen significant growth in recent years as more and more companies realise the importance of getting the ‘right’ employees. This growth has seen an increase in the number of recruitment agencies appearing in the market – largely due in part to the high number of recruitment professionals starting out and setting up their own agencies.
The reasons for doing this are varied, and of course include the freedom running your own business brings, the belief that you can do it better than other agencies and of course the financial and lifestyle benefits owning your own business can provide. Whilst all of this may sound great, creating a business, any business, that is profitable and sustainable will, of course, involve a lot of hard work. To help you get a better understanding of what you will need, we have created a breakdown of some of the most important issues surrounding the creation, development, and realisation of a successful and sustainable recruitment business.
Walk before you run
You know the recruitment industry inside-out, you have great professional contacts and you have a solid business plan – you are ready to fly and what’s stopping you? Well, nothing really. However, as with all new businesses, you are advised to take things slowly at first to ensure you have in place a defined structure for your business.
This is important as it enables you to much more easily handle the different stages of growth many businesses experience – from hiring your first employee to moving to larger premises. Whether you only wish to have a handful of employees or are looking to take your business to the next level and expand, having core structures in place is essential.
Of course, many business owners are ambitious and want their company to grow as much as possible. This ambition is, of course, understandable and perfectly fine as long your business has strong core foundations and you as the owner and it are flexible enough to be able to change.