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Good Morning!
I am seeking some advice. I recently left a fulltime recruiting position with a Major staffing firm to become a virtual contract recruiter (1099) for a very small firm based in CA. When my current contract is up, I would like to go independent. I am currently working on a business plan to secure the necessary funding but�?�. Is this really needed or can I just jump right in without the start up costs?
Is there anyone out there that could provide me with some do's and don'ts of Independent Recruiting? Or at least point me in the right direction?
Thank you for your time.
-Katie kbielke@gmail.com
5 replies
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I started my business from scratch with no additional funds, just alot of desire to not work for another large recruiting firm. Fortunately I had several customers that I could work with, I should mention my time away from the large firm was over a year so I met the Non Compete before starting my business, so my revenue stream began very soon. I would not start this way again and would encorporate a specialist like Doug Beabout to help with the start up. He has a simple, but effective system that is critical and necessary to use. Since starting in 1991, I have grown and started two more companies, The Vercitas Group, LLC which specializes in economic development, strategic planning and site selection and most recently, MCG BioComposites, LLC which is a product development company involved in compounding of polymers using corn cob flour and other natural organic materials blended into plastic resins. I have used the services of an attorney, CPA and a business consultant to help structure the businesses.
I wish you all the best in your endeavor. Sam
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We build search businesses of all sizes. We suggest looking at our support page for documentation supporting your build. www.prospectcity.com
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I difinitely will second Pam's comments! Make sure you have 6-12 months of living expenses around before you do anything! I quit my job with a staffing firm and had a nice base. I had 3-4 months and started out with a lot of job orders, but even then, it wasn't quite where I should've been.
Also, take your time --- if you're going to do anything like incorporate into an LLC, set up a website, select an ATS (sendouts rocks!) buy access to monster/careerbuilder, buy a computer just for work, etc. All this stuff takes time/money ...all stuff thats distracting from your "recruiting/sales" time...
getting ready to be independent is more complicated than most expect, and certainly more than I expected. Joe
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Katie,
If you search some of my older posts, I've done some extensive ones on this subject that may be helpful. One thing I would definitely say is to have 6-12 months of living expenses saved (or funded thru loans), so that you can focus on building your business without stressing about cashflow.
Good luck! Pam
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I took a look around the other discussions and I think I should have done that before I posted this cry for help. It seems that I am on the right track with starting with a business plan and planning, planning and more planning. No jumping in with both feet. Looking for a easier way I guess. Still, if anyone has any comments or advice for me....I am certainly listening.
Have a great day!
-Katie
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