Starting a Recruiting business. Day 1: Reason for starting

Starting a Recruiting business. Day 1: Reason for starting

The title isn’t completely accurate.  I didn’t just think of starting my own recruiting company today, its actually been in the back of my mind for quite some time.  Like most independent recruiters I started off my career with a well established agency.  While I enjoyed wearing a suite and tie and working in the heart of the Financial District, too me it was just hype.  I wanted more.

When I say “more” I’m not just referring to money (I’m not going to lie, I hated the idea that the company made thousands every time I closed a deal, but I’ll get to that later)  What I wanted was more “ownership.”  Recruiting is largely based on relationships.  I wanted to own the relationships that I fostered.  As an employee, the relationship you foster is largely owned by the company. The relationship you build for them is used many times over, long after you are gone.

As far as the money goes, its no secret how little overhead is involved with recruiting.  (If you don’t know we’ll cover that at a later blog post) When I figured out the numbers I had a pretty good laugh at myself, that’s right I laughed at myself, it was that bad.  In my first three months in the industry ( starting Aug 08) I realized I more than payed for my salary the whole year.  Those may seem like simple (maybe even narrow) reasons to start a business hopefully its not a bad move.

So what made you guys want to be an independent recruiter?  Everyone has their own reasons and motivations and I would love to hear about yours.

This blog will definitely cover the technical aspects of starting a business but I  want  to hear from you guys before we start talking about the “hard stuff.”

note:  If you have any topic suggestions, let me know and I’ll make an effort to cover it.

Sole proprietor or LLC? Part 1

Sole proprietor or LLC? Part 1

I finally received my business license today!  The process itself didn’t’ take more than a single afternoon to take care of.  The most time consuming part was doing the research on what business entity to form.

While I am by no means a legal expert when it comes to business entities, I will try to tackle the subject on a post later this week.  I will mainly discuss why I chose the Sole proprietor instead of an LLC.  Each state is different, but I’ll briefly go over the process and maybe even link you to some “forms” that you should expect to be filling out.

For those of you thinking of going the LLC route, I will also go over some resources that you can use to get the process moving.

I really encourage you guys to leave comments and questions below instead of emailing me.  I’ve received a hefty amount of e-mails, but absolutely “zero” comments from you guys.  I know you guys are reading this blog since I can track the number of visitors as well as the amount of time they spend on a particular page, so don’t be shy.