In this day and age, there are three main ways to start your own recruitment 
consultancy. You can just do it on your own with a loan from the bank or with your own savings, you could join a franchise network or you can take advantage of venture capital opportunities. In recent months each of these options has been discussed at length
within the recruitment press, so if you’re considering any of these, Carol Davids, Operations Director at MRINetwork will be able to help find the right person to speak to about your goals.
Forever and a day
In general terms, having a venture capitalist backing you means that they provide you with the investment to start the business and then you are free to shape it as you see fit. To anyone keen to start up their own business, this sounds like a fantastic opportunity and for many people it’s just that. However, in some cases it can also mean you give up a substantial equity stake, with further equity taken if targets are not met. Unless your venture capitalist has a team of advisors with recruitment experience, this is a route that should be considered carefully as you may find you are left to fend for yourself, with little operational support.
To be making a decision like this in the first place, you will already be confident in your sales ability, but perhaps you may need help with other areas of the business. As a franchisee you become part of an extended family and although the initial outlay may seem greater, you have the peace of mind that there is a dedicated team waiting in the wings, ready to share their expertise with you at any time and helping you grow your own business.
We are such stuff.. as dreams are made of
After working in the recruitment industry for some time, you decide you want to start your own business. You have the capital, you have the ideas and you’re raring to go. But there are so many things to consider: your office location, your IT and telecom needs, marketing and PR to promote your company to the outside world, staff training, financial management… the list goes on. Being part of a franchise means that you don’t have to do it all alone.
Why, then the world ’s mine oyster
One of the main criticisms of franchising is that you are limited to a geographic region and therefore limited to local clients and candidate talent pool. This is true of some opportunities, but it’s not always the case. MRINetwork for example, does not limit franchisees to a geographical region. Instead franchisees work within specific industries where they have proven expertise. In today’s market where both potential clients and candidates are scattered all across the globe, this really makes a difference. Also, the power of having colleagues in over 35 countries and a network of over 1,000 offices specialising in almost every major market and many niche markets is a key way of not becoming just another boutique recruitment company.
This above all: to thine own self be true
At the end of the day, it’s your business. One of the misconceptions of franchising is that you have no control over what happens to your business and are restricted in many ways. At MRINetwork we provide the tools and support you need to create a successful, thriving recruitment consultancy which belongs to you in its entirety. MRINetwork operates in every major industry, serving multi-national companies on a global basis. Our search and recruitment specialists, most with experience in the sectors they serve, have earned their reputations as highly specialised industry experts. They interact in the
marketplace on a daily basis, locating, screening and recommending exceptional talent. We have over 40 years’ experience of helping individuals like you build your own business using our tried and tested methodology. A recent survey showed that 27% of our global network members were able to cover the value of their royalty payments just through Inter Office Referrals alone.
If you want to start your own recruitment business, or maybe just expand the potential of the one you already have, why not consider a franchise opportunity with MRINetwork Worldwide. For more information, please contact Carol Davids on +44 (0)870 777 39oo.
