Any Recruitment consultants?
Discussion
So I have found myself in a position when I technically own a labour supply business supplying construction companies.
I’m very small, a one man band supplying one site, but I earn enough from it that I’m in a position to employ a business development manager or recruitment consultant and try and grow the business. I’m still working full time and not in a position to give that up, and I don’t have enough experience or contacts to really grow the business.
However I have literally zero knowledge of employing anyone, so I was wondering if there were any recruiters in here that could give me any tips
I’m very small, a one man band supplying one site, but I earn enough from it that I’m in a position to employ a business development manager or recruitment consultant and try and grow the business. I’m still working full time and not in a position to give that up, and I don’t have enough experience or contacts to really grow the business.
However I have literally zero knowledge of employing anyone, so I was wondering if there were any recruiters in here that could give me any tips
Too many variables to give a full response. I'm an ex recruiter, and a NED of a recruitment business.
Personally I would avoid trying to grow the business, unless you're prepared to work in it as well.
Why would someone want to work for you? Are you giving them equity? If not, then you will probably attract the dregs / burnout of the industry as there is little incentive to come onboard to a start up with one site, and an owner that doesn't have much to add..
Decent recruitment business offer an array of employee benefits, a vision, a brand, support, tech, a database, marketing, training, progression etc etc
It's bloody hard to find good people, you may strike lucky, but on the balance of probably you will waste your money and you'll be better off just taking the margin you're currently earning and banking it.
Sorry if that sounds negative, just trying to manage expectations - it is not easy to grow a recruitment business, and I'm saying that as someone that co-founded one which we got from zero to £50m t/o. We knew the market, we had contacts and we were full time driving it, which is how every successful recruitment business I know started (there are exceptions to the rule, and you maybe one of them!).
Good luck
Personally I would avoid trying to grow the business, unless you're prepared to work in it as well.
Why would someone want to work for you? Are you giving them equity? If not, then you will probably attract the dregs / burnout of the industry as there is little incentive to come onboard to a start up with one site, and an owner that doesn't have much to add..
Decent recruitment business offer an array of employee benefits, a vision, a brand, support, tech, a database, marketing, training, progression etc etc
It's bloody hard to find good people, you may strike lucky, but on the balance of probably you will waste your money and you'll be better off just taking the margin you're currently earning and banking it.
Sorry if that sounds negative, just trying to manage expectations - it is not easy to grow a recruitment business, and I'm saying that as someone that co-founded one which we got from zero to £50m t/o. We knew the market, we had contacts and we were full time driving it, which is how every successful recruitment business I know started (there are exceptions to the rule, and you maybe one of them!).
Good luck
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