{"id":473,"date":"2017-08-15T00:00:00","date_gmt":"2017-08-14T23:00:00","guid":{"rendered":"https:\/\/newmillennia.creativespark.co.uk\/whats-stopping-you-starting-your-own-recruitment-agency\/"},"modified":"2025-03-11T16:27:33","modified_gmt":"2025-03-11T16:27:33","slug":"whats-stopping-you-starting-your-own-recruitment-agency","status":"publish","type":"post","link":"https:\/\/www.newmillennia.co.uk\/blog\/whats-stopping-you-starting-your-own-recruitment-agency\/","title":{"rendered":"Whats Stopping You Starting Your Own Recruitment Agency"},"content":{"rendered":"

RECRUITMENT START-UP FEARS: WHAT\u2019S STOPPING YOU STARTING YOUR OWN RECRUITMENT AGENCY?<\/strong><\/h2>\n

Have you ever considered starting your own recruitment agency? Perhaps you have stacks of experience in recruitment but just aren\u2019t sure if you\u2019re ready to go it alone, or can\u2019t shake those recurring concerns; sound familiar?<\/p>\n

Stepping out on your own is a big step to take, no matter how experienced or confident in your own skills you are, unfortunately the \u2018fear factor\u2019 can step in and it\u2019s a tough one to overcome. We\u2019ve worked with recruitment start-up for over 15 years so we\u2019ve seen the challenges that new start-ups can face. The fear of failing is natural when trying something new and even more so when doing something new that involves a little risk. However if you can identify the areas that could beckon failure in your direction, then you\u2019re much better equipped to defend your venture and succeed. So, what are those fears that are preventing you from\u00a0starting your own recruitment agency<\/a>?<\/p>\n

Financing<\/strong><\/p>\n

The first one to most people\u2019s minds will likely be finance. A start-up takes money, it takes investment and this can be scary. It means either having your lump sum there already or having to find cash from somewhere and it can be difficult for start-up\u2019s to secure bank loans, especially in the beginning. Why will you need a financing plan? Well, as a recruitment agency, there will be cash coming in and out from various sources, funding ensures that should you need to pay your workers before you have been paid by you clients, this is doable and doesn\u2019t become an issue.<\/p>\n

New Millennia can offer\u00a0100% funding and non-retention, non-recourse financing<\/a>\u00a0– rather different to factoring, which can be a little confusing and time consuming when it comes to your accounts, our route to start-up financing is simple and flexible, leaving you to concentrate on growing your agency.<\/p>\n

Management<\/strong><\/p>\n

You may be very experienced in recruitment agency work, however, as with any business, running your own show is a different game altogether. In a recruitment agency your back office needs to be as sleek as possible to run as efficiently as possible. A start-up doesn\u2019t always have the manpower or time that it really needs to run its back office. With timesheets, contracts, invoices and payments to organise and execute well, keeping both your workers, and your clients happy at the same time, there\u2019s plenty here to support those fears that management of your back office could be your downfall. However, as many recruitment agencies are doing already, you have the option to move to an automated, digital, back office system.<\/p>\n

New Millennia offers a back office assistance<\/a> with the following features:<\/p>\n