Of course, there might be some things to consider, like business insurance, client and candidate contracts, website design and development, employees (yikes - hiring folks to help). Wait a minute - building a recruiting firm might be tougher than we first thought.
It's a journey of self discovery, a melting pot blending gumption, risk taking, an idea (or two) and the fortitude of the owners to get the train running (and staying on the tracks - focus, focus, focus).
The challenges recruiting firm owners face build as their firms gain momentum. What was once the fear of landing that first client and making a placement grow to managing cash and bringing the right folks on the bus to get to the next level.
How these challenges are addressed, both successfully and sometimes with a punch to the noggin, are more often based on the strength of the owners. Their collective experience, their networks, their gut reactions to opportunities (and problems) - all of these contribute to the building and proliferation of a thriving business.
I like to think of it as the acceleration effect - how quickly can you accelerate your business from concept to reality to revenue generation to established business. What was once difficult in the beginning are lessons learned as new challenges are dissected, discussed and overcome. Quickly and nimbly. Chalk that up to a white board, some roudy discussions, and the making of decisions without all the answers. The life of an entrepreneur. You gotta love it!
Let's take this journey together. We'll explore the challenges, the successes, the trends and the skills it takes to build a successful recruiting firm, at all levels. It's going to be a fun ride. I look forward to taking it with you.
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