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The majority of recruiters shouldn’t start recruitment companies. & the fact of the matter is, you & I both know it’s true.
Now I don’t know you (Or at least I assume I might not!). I don’t know your situation, I don’t know what stage of life you’re at & I don’t know what your real aspirations for your career & for your life at this stage really are.
However, if you’ve consciously found yourself on this blog, then I would assume that part of you has toyed with the idea of starting your own business. Now the irony with the majority of the readership of a blog like this is that, in actual fact, I would suggest you’re not 100% sure if Entrepreneurship is really going to be for you.
& that’s great to hear.
Great because it’s clear that you are being rational, self-aware & realistic about the realities of starting your own business. & while it is (because we know) an incredibly rewarding journey, it’s equally as tough (because you guessed it, we know). So therefore you need to play devil’s advocate; you need to ensure this is the right journey for you.
Entrepreneurship is, in some circles, glamorized. It’s showcased through rose-colour spectacles & Instagram filters & therefore people sometimes have the unfortunate experience of going into something, not fully aware of the “thing” they are committing to. I guess what I’m trying to say is that some people are just not cut out to be Entrepreneurs & here’s why I think that’s sometimes the case.
1) You think it’s what you ought to do
You’ve got friends that run their own businesses, you’ve got family members that have always run their own businesses & therefore coupled with the level of your recruitment experience, you feel that you ought to be doing this for yourself.
While those areas do sometimes act as very positive catalysts for people who are toying with the idea – as it gives them the confidence they feel they needed – sometimes it really shouldn’t have an impact on you at all.
My feeling is, if you are committing to starting your own agency because you feel you “ought to” – whether that be impacted by your friends, family or just a product of circumstance – it really isn’t going to be a long-term success for you. You need to feel innately pulled to do this for yourself, not just obliged because for some reason you’re feeling pressure to “do it”.
Want to know if you’re really pulled to do this for yourself? Grab a pen & paper & make a note of the number of times you think about the idea over the next 7 days. If it’s anything less than 7 days out of 7, then I would argue the timing might be a little premature for you.
2) You think it’s a quick way to financial success
One of the fantastic attractions of working for yourself is the potential financial upside that you can enjoy. If we look at the recruitment agencies that we support, I would strongly argue that if, assuming you are a recruiter, you look at what you’ve billed in the last 12 months & then look at what you took home working for that agency; Without knowing the ins & outs of your specific situation, I would strongly argue that if you were to replicate even half of that (billings wise) working for yourself, then you’d be able to take more home in that first year.
It’s just the simple realities of working for yourself.
So there is no denying you can get some “quicker wins” working for yourself. However if you are looking at this as your “get rich quick scheme”; I would advise ditching the phone, hanging up those recruitment shoes & getting yourself on the next “Bitcoin Trader for Beginners” Course & hedge your bets there rather than commit to starting your own recruitment agency.
You can, of course, earn a lot of money working for yourself & running your own recruitment business – we’ve been so fortunate to see hundreds do just that – but we’ve also seen the long, gruelling process that can be there for ventures & therefore to suggest this is an “easy” financial option would be erroneous.
& the wrong assumption to make coming into this. Aren’t you glad you tuned in to read this?
3) You value stability over security
“Is there more security working for yourself as oppose to working for someone else?”. This is a debate that has gone on for years – in fact we actually made a video about this recently that might be worth looking at, if it’s an area you are interested in.
The reality is; there is short term stability in working for someone else – of course there is. & of course there is an element of short-term unpredictability when you start working for yourself. But long term, in our experience there has always been more stability & more security in running and having control of your own business. If we ask any of the guys we support right now, you’d be hard pushed to find someone who doesn’t agree.
But if you value that short term stability – which is very understandable & completely comprehensible – starting your own business might not be quite right for you at this stage. Not ever; but more, might not be the right thing right now.
But – you could have read their entire blog, discredited all my arguments & just waited for the end to find the right number to call about starting your own recruitment business.
If that’s the case – 07528 583 503.
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