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What is the best time to open a Staffing and Recruiting business?

Written on April 10th, 2017 by in Blog

The best time to open a Staffing and Recruiting business is when market conditions are positive and you have decided to control your own destiny.   There is a tremendous shortage of top talent worldwide and baby boomers are retiring one every six seconds.  Those are just two drivers that are very positive for the Staffing and Recruiting Profession.

You should also have some money put aside to cover expenses for five to six months.  If you are stressed out about paying your bills, you will not be able to focus on your new business.  You will generate revenue from your new business in approximately five or six months, due to the length of hiring processes and the time it will take to process your invoice.
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Can I work Virtual?

Written on April 3rd, 2017 by in Blog

The answer to this question depends to a great extent, on your niche or area of specialization.  If you are placing individuals that need to be interviewed in person or tested, it is necessary to have an office.  Most firms who place lower level positions i.e. light industrial temp workers, call center employees, … also have a physical office.

Technology has changed the way interviews are conducted with many being done by telephone, SKYPE or other online tools.  This has allowed many recruiters to work virtual, which of course greatly reduces your overhead.

As a new business owner, I would advise you to work from home until you are profitable for at least 3-6 months before considering an office.  Often an “executive suite” is an excellent choice because you are only renting one office but have use of a reception room, conference rooms, and give off the impression of a much larger company.
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How much Money do I need?

Written on March 20th, 2017 by in Blog

The cost of establishing a Staffing and Recruiting Business is low compared to most other businesses.  Your initial expenses will include:

  • Computer
  • Smart Phone
  • 2 Land Telephone Lines
  • Cost of Incorporating
  • When you open, the cost of an ATS System (under $100 per month)

There will be a delay from the day you open your business until you generate revenue.  The average hiring time frame is currently five weeks from the time you write the requisition until you receive an offer.  Your candidate will hand in a two week notice and the client will pay you in 30 days.  It is for that reason that you need enough money put aside to pay your bills for at least four or five months.
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Why the Staffing and Recruiting Profession?

Written on March 13th, 2017 by in Blog

Imagine owning a business where you will never run out of customers, there is a low cost of entry and the need for the services you offer continue to increase.  I’ve just described the Staffing and Recruiting Profession.

  • Finding and retaining top talent is the #1 challenge employers are facing
  • Job satisfaction is at historic lows which guarantees movement in the job market
  • All economic trends favor the Staffing and Recruiting Profession

This profession has been growing every year and the forecast are very positive in the future.  There has never been a better time in history to enter this profession and there has never been more need for our services.

Why the Staffing and Recruiting Profession?

Written on March 6th, 2017 by in Blog

Imagine owning a business where you will never run out of customers, there is a low cost of entry and the need for the services you offer continue to increase.  I’ve just described the Staffing and Recruiting Profession.

  • Finding and retaining top talent is the #1 challenge employers are facing
  • Job satisfaction is at historic lows which guarantees movement in the job market
  • All economic trends favor the Staffing and Recruiting Profession

This profession has been growing every year and the forecast are very positive in the future.  There has never been a better time in history to enter this profession and there has never been more need for our services.

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