The recruitment industry is a busy and crowded industry to venture into. There’s no reason to think that yours won’t be successful simply because there is a lot of competition, but it does mean you have to plan and organise yourself carefully if you want to make it. To help you, we have gathered some of the best pieces of advice for anyone starting a recruitment agency in 2014.
Pick a Niche
It is easier to become successful if you pick a niche and develop your profile within this niche area. It makes the most sense to pick a niche in an area you are comfortable and knowledgeable in, such as your former career or the areas you’re trained in. You will need to understand the niche and have a good level of expertise to ensure that you become a valuable asset to your clients.
Don’t Operate Solely Online
You can start a recruitment agency online with little more than a desk, phone, computer, and Internet connection. Just because this is possible, it doesn’t mean that it’s the best way to operate. You can benefit greatly by using the human factor. Getting out there to network and interacting on a face-to-face basis helps to develop trust a lot quicker than using online interactions alone. Get yourself out there and start building up the reputation of your new agency, and at the same time develop your online presence. You need an excellent website as well as a presence on social networks such as LinkedIn and Twitter. You can also join groups to network with possible clients as well as your competitors.
Invest in the Right Software
You’re going to need all sorts of software to help you run an efficient business. There are lots of software suites that are available which you can use to manage your contacts and accounts. These also give you the ability to post to multiple job boards. You’ll also need to have excellent IT skills, so if you don’t know how to organise and use a CV database, it’s worth heading to night school to learn the skills you’re going to heavily rely upon in the near future.
A Healthy Flow of Cash
Many recruitment agencies have problems with cash flow. You will need to avoid this if you want to be able to pay your bills on time and keep your temporary and contract staff happy. You can use factoring, and it’s also worth looking at outsourcing your payroll with the help of Startupsimply. Payroll can become extremely complicated very quickly, and it will eat into your time. By outsourcing, you can eliminate the risk of error and ensure that you have access to the money you need and a team of contractors who are getting paid the correct amount. Always make sure you are aware of the latest laws and how they affect your business, and take care not to breach the rights of your employees.
This advice is useful to anyone considering venturing into the recruitment industry. With careful planning, it is possible to break through the competition and establish yourself as a reliable and trustworthy brand.
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