Your Checklist to Starting a Recruitment Agency in 2019

This is the ultimate checklist covering everything you need to know when starting a recruitment agency in 2019.

We’ve simplified the process into 6 simple steps covering all the essential elements you’ll need to work through. From formulating a business plan to implementing financial and legal requirements, utilising software like ETZ Payments, and finding your first clients.

Here’s the outline of the steps you’ll need to follow to start and grow a successful recruitment agency:

Put a Business Plan Together

A business plan is vital to the success of any new business. It allows you to lay out your objectives and goals so you can see the overall picture of how your business is going to grow. As well as clearly communicating them to business partners, banks, etc.

There are plenty of free resources online to help you write up a business plan. This should always be the first step when starting a business.

Name and Register Your Business

With a plan in place, you can name register your business. Think carefully about what you’re going to name your business and the impact it will have on your branding. It’s difficult and costly to change your company name at a later date.

It’s worthwhile reading the guidelines and options on the Government website about what types of business to register.

Get Your Financials and Legal Requirements in Order

You can’t cut corners on financials and the legal T&C’s when starting a business, it’s a necessary expense. Whether you’re going to outsource the accounting and HR duties or bring them in-house, it’s advisable to put these departments in place before you start trading.

As an entrepreneur or business owner, it’s always tempting to juggle as many of the operational roles as possible. But it’s advisable to hand over these elements as they are time-consuming and require expertise and continual knowledge.

Streamline Your Back Office Processes

Automating and streamlining your back-office processes is make a huge difference to your bottom line. And, more importantly, the quality of the service you can provide to your customers.

Timesheet software, like the product offered by ETZ Payments, makes processing timesheets easy, quick, and helps eliminate errors. By starting off with a software solution like this you’re saving a lot of money and employee hours.

Execute Your Marketing Plan

As part of your business plan, you will have developed a marketing strategy. Once you have all your operational pieces in place and can take on new customers, it’s time to start getting your company’s name out there.

Over Deliver and Impress

When starting a new business, the most powerful form of marketing is word-of-mouth and referral business. You don’t have to run promotions and offer discounted services to get the first customers through the doors, but it’ll certainly speed things up.

Whatever you decide, making a good impression with your first customers is going to set the tone for future business and how fast you grow.