Planning to start your own Recruitment Business from home? Then know few basics to set up a home based recruitment consultancy. Recruitment is a very vital activity in any sector these days. Generally an organisation or company who find a suitable candidate for your vacant position called as a recruitment Consultancy. There are many consultancies already operating in market to provide recruitment assistance to companies. And over the years this sector has grown big in such a way that you have to be ready to fight with the competition.
Here we will discuss and try to explain step by step to set up your first recruitment consultancy operating from home and how to run it successfully. This article is categorized based on couple of key factors.
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Steps to Start a Recruitment Business From HomeBusiness Potential: If want to research about the scope of business in this recruitment sector, then you will find that there are huge scope although high competition. Majority of the software, consulting firms, service providers are now a day’s outsource their recruitment department to reduce the cost as well as operation burden. Most of the companies need many resources not only due to new business but also due to high attrition rate (Job switching rates) in India. So far in my career I have changed couple of companies. That means I left many positions vacant and also filled up the open positions. So just imagine with my profile only various recruitment firms done a good business so far. So in this regard you can say it’s an evergreen business niche and you can expect a good demand always.
Who can start?
Basically if you have enough money to invest, then you can start any business with the help of experts. But here we will see how a common people can start this business from his/her home itself with a minimum investment and minimum experience. To start a recruitment firm you should have some basic knowledge about this recruitment process generally followed by all organisations. Anyone who has similar profiles below can be the best person for this business.
- An MBA HR pass out having enough exposure of Recruitment market scenarios
- 2-3 years of recruitment experience, but now want to continue from home itself (e.g. generally for women after gave birth to a baby, it’s tough to get back to work immediately. So those women can plan to start a consultancy from home itself)
- Your spouse/partner might have some similar experiences and you at the same time know how to convert experience into business.
- A group of friends with a very good network with company HRs can plan a start up. In that case you might learn the techniques of recruitment or hire a recruiter initially to start your company. As time passes you can learn and educate yourself with all facts.
First step towards start up:
First of all think about a name of your start-up. Don't just think casually like, let’s start now and if get success then will think about a good name. This is absolutely a wrong technique. You should plan everything seriously whether it a success or a failure in future. So a proper name is necessary, which will create a brand name in future for your effort. The name should relate your style of work or industry or your business types etc anything. Then choose a domain name with your company name. Choose any domain .com or .in that does not matter so much, but do it immediately so that you can get your desired domain name for web existence. This will cost you hardly Rs 500-600/- every year to keep the domain name alive.
Disclose/Publish your company:
Now your company name and domain is ready. Next big thing is to set up a website for that domain, so that clients/people can find your business and contact details on web world. For that buy some web hosting plan from Go-daddy or Big-rock or another hosting company you like. You can take any basic plan, like 1 website hosting plan which will cost monthly Rs 400-500/-. It’s better to start with a monthly plan, as you don't know whether your business will continue for years or not. When everything will be set up then you might upgrade to a yearly plan to get rid of monthly payment.
Next prepare a website. For that you can again take help from professional web designers or if you have some knowledge, you can create a blog/website with minimum 5-6 pages and further attach with your custom domain name (Company website name). It's very simple and less expensive. Otherwise pay Rs 10,000 - 15,000/- to make a good website. Even you can make a good looking websites with images and banner, which will cost you more. But again, for a start up a simple and well arranged website is enough. Just keep in mind to put basic information pages like HOME, about us, Contact Us, clients Handled and Service page etc.
Register your company:
Next thing is to register your company name to run your business legally without any hassle. You can contact local registration office and discuss those facts. There are various types of registration based on your business plan.
You can visit the website http://elagaan.com/ to find out every detail. Even they can help you to register your company name and prepare other legal documents like TAN, Taxes etc. For a single person start-up it's better to start your business with registering as a Sole Proprietorship. Just visit http://elagaan.com/ to know more about that.
Open a Current Account:
Next thing is to open a business bank account (current account) with your company name to accept payments from client. To open a current account, you have to get ready with all your business registration documents. Don't open account in your name as the business name will create a good impression and represent your brand as well. And even in future you might expand further and include partners to grow in business.
Set up your office & equipment:
Next thing is to get access to any job portal like Naukri.com, Monster.com or Timesjob.com. Among them Naukri is most popular. You can get a package from them and start surfing resumes as per your requirement. Initially you can buy access in sharing basis with 2 or more people, as you might not have enough requirements to handle the high cost of Portal access. So look for such opportunities.
Set up your workspace at home with your desktop or laptop. Take a new mobile number and also a land line number (if you can afford) to handle your daily calls. Analyse and choose a good talk time plan as well. Update both the numbers in your website. Install all required software’s to your computer like MS office, mail server software etc. Create few email IDs with your business domain. Like email@example.com.
Business Development & marketing:
Next thing is to spread your business and get more & more clients, so just work hard to get better & better. Try to communicate with company HRs and offer them your business proposals. Use social media websites like LinkedIn, Face book to spread about your company and connect with people of similar industry to grow your network. You need to work hard to get clients to run your business smoothly and grow further.
So the biggest skill require to start your own recruitment business from home is the networking and the convincing skills. The more contacts you have the more the scope of clients you can arrange, means more business. Never ignore a small opportunity thinking that may not be profitable. Simply grab all opportunities to spread your business.
Good luck and I hope you will share your valuable experiences here if you are one who has started some business from home. Thanks for reading.