What is the cost of setting up recruitment agencies

By: John Bult

For some people being theirown boss is a life long dream and ambition. This is the same in manyindustries, however one of the most common dreams for recruitmentconsultants is to start their own recruitment agency.

Many recruitment consultantswho may have the skills to be a success struggle once they go at italone. The main reason for this is that they have not fullyconsidered all of the costs associated with running their recruitmentagencies.If you are in the process of totting up potentialfigures, some of the best advice I can give you is to over estimateany costs that you have included and under estimate any income thatyou think you can make. This will give you a better look at thepicture when it comes to your first few months to a year oftrading.The first cost that you should think about is thecost of where your recruitment agency is going to be based.

Manycontemplate running their agency from home, but realistically this isnot a viable option. Purchasing or renting an office is amuch better option as you will need to have somewhere to work from. Iwould recommend that you rent some office space to begin with as youdon’t really need to, or shouldn’t want to commit yourself toowning anywhere just yet.Why would you need an office spaceif your going to work alone? Well to put it simply, you aren’t. Youare going to need to employ somebody to help you, even if it’s in asecretary support role. Recruitment Agencies have a lot of paper workand a lot of incoming calls. These tasks need to be dealt with bysomebody else whilst you are trying to secure and placecandidates.Apart from your heating and electricity bills,your main expense will likely be your telephone bill. RecruitmentConsultants do spend a long portion of the day on the telephone toensure that they are working to gain placements and opportunities todo so. As well as a landline phone billFree Web Content, you will find that runningyour own business does involve you making a lot of calls on yourmobile phone – even when your on holiday!The final bigregular expense that you will have to incur will be that of youraccountant. You should always look to employ a professionalaccountant to do your number work as it will save you a lot of timeand stress.

Human Resources
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