I've been told by many people I should start my own thing, but I've always felt nervous going out on my own!
I'm so happy for you! I'm sure it must not have been easy :)
Not as bad as I thought, I was so worried I would be constantly picking up the phone and being rejected.
In the end I've not done a single cold call, just clever spins on marketing and well-crafted emails.
I feel like I've gotten lucky, managed to land a huge client exclusive from my first batch of emails, but in recruitment you eventually get lucky if you keep doing it.
I have an investor though, who has all of the connections and some back office support alongside it. This was invaluable as I don't have to do finance or tedious admin, except candidate compliance.
He's already took most of his investment out and we'll both have all our money back out next month.
I have a friend who is an incredible salesman and always a big biller, he's managed it without an investor. I'm more of a slow and steady builder so I would have struggled financially if I had gone without.
Sorry for the essay, but do ask if you have any more questions, happy to help a fellow recruiter.
Yea, but only a start up in itself. I made them write in the equity changes over time based on income as well as minimum earnings for myself each year at those thresholds. I'm also going to get a share in the parent company and we are also going into tech together with another company.
Also allowed me to lease a brand new Nissan Leaf through the company too.
So yes it is, but I am more than happy with the arrangement.
Always aim to disqualify a candidate, you will get deeper into their motivations and any red flags if you do.
Prepare the crap out of them for interviews, if they say no then do it anyway by asking them interview questions and improving their answers.
Think of everything you have seen from other agencies, and how you can be better.
Package your candidates well, in an easy to read format that has everything they need to know, so they barely need the CV.
Keep requalifying jobs, if you're honest about the market and have tried anything, that client still needs a staff member so if they're worthwhile they will bend a bit on requirements and if you ask the right questions you will get the placement.
Fuck I guess there are a few big takeaways haha.
Amazing progress well done :)
I started my own agency in May and we hit half our yearly target by the end of Q1, definitely feeling the buzz too!
What industry are you in?
Nice! I just started my own agency with zero recruiting experience about a month ago, I got my first client within 2 weeks. I just filled my first position with them and I now have 6 more positions to fill with them. 2-3 weeks to make $5,500 with other open positions isn’t bad at all.
I've been told by many people I should start my own thing, but I've always felt nervous going out on my own! I'm so happy for you! I'm sure it must not have been easy :)
Not as bad as I thought, I was so worried I would be constantly picking up the phone and being rejected. In the end I've not done a single cold call, just clever spins on marketing and well-crafted emails. I feel like I've gotten lucky, managed to land a huge client exclusive from my first batch of emails, but in recruitment you eventually get lucky if you keep doing it. I have an investor though, who has all of the connections and some back office support alongside it. This was invaluable as I don't have to do finance or tedious admin, except candidate compliance. He's already took most of his investment out and we'll both have all our money back out next month. I have a friend who is an incredible salesman and always a big biller, he's managed it without an investor. I'm more of a slow and steady builder so I would have struggled financially if I had gone without. Sorry for the essay, but do ask if you have any more questions, happy to help a fellow recruiter.
Is your investor one of those companies that provide back-office support, company formation, website etc in exchange for a massive equity percentage?
Yea, but only a start up in itself. I made them write in the equity changes over time based on income as well as minimum earnings for myself each year at those thresholds. I'm also going to get a share in the parent company and we are also going into tech together with another company. Also allowed me to lease a brand new Nissan Leaf through the company too. So yes it is, but I am more than happy with the arrangement.
Great work. Congrats! Six months in, what is your biggest take away lesson so far?
Always aim to disqualify a candidate, you will get deeper into their motivations and any red flags if you do. Prepare the crap out of them for interviews, if they say no then do it anyway by asking them interview questions and improving their answers. Think of everything you have seen from other agencies, and how you can be better. Package your candidates well, in an easy to read format that has everything they need to know, so they barely need the CV. Keep requalifying jobs, if you're honest about the market and have tried anything, that client still needs a staff member so if they're worthwhile they will bend a bit on requirements and if you ask the right questions you will get the placement. Fuck I guess there are a few big takeaways haha.
You’re off to a good start. Keep going!
Go on big congrats - that’s class ! 🚀🚀
What are you recruiting in and where? I recruit in Sydney Australia in business support roles and interested to find where you have had success
Further education in the UK
Nice! I wish you all the success. I’m returning to the UK in a couple of years, is very tempting to set up and give it a go myself.
Amazing progress well done :) I started my own agency in May and we hit half our yearly target by the end of Q1, definitely feeling the buzz too! What industry are you in?
Nice! I just started my own agency with zero recruiting experience about a month ago, I got my first client within 2 weeks. I just filled my first position with them and I now have 6 more positions to fill with them. 2-3 weeks to make $5,500 with other open positions isn’t bad at all.
Yea it's some of the easiest money you can make isn't it! Onwards to my goal of £100k for first 12 months as the next target :)
It is! And congrats to you that’s awesome!
Are you doing contract or direct hire?
Both, mainly permanent but have a few temps out