What is the best time to open a Staffing and Recruiting business?
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.
There is no perfect time but each day you delay is taking away, from your future as a profitable entrepreneur.