There’s no shortage of recruiting and staffing firms, that much we can all agree on. According to the American Staffing Association there are about 20,000 staffing and recruiting companies, which altogether operate around 39,000 offices in the US alone. It seems like everywhere you turn, another ten spring up, adding to an already saturated market.
Where there’s competition, there’s opportunity, right?
Ready to start your own recruiting firm?
For better or worse, there are no (or very few) barriers to entry in this space, which means essentially anyone with an internet connection can jump into the fray. The good news is that 90% (my own rough estimate) of the recruiting firms out there aren’t effective, which leaves a pretty big gap in the market that a professional with the desire and willingness to put in the hard work can capitalize on, like I did 8 years ago when I started my own firm.
If you find yourself fantasizing about self-employment, being your own boss, working with whom and when you want to, how you want to, and you have a background in sales/business development and understand how companies hire people to achieve their business objectives, starting a recruiting business might be a great fit for you. And it’s not as hard as it may seem to get started.
Starting a recruiting business can be incredibly rewarding. Unlike selling a tangible product, people are dynamic, so you’ll never get bored. Frustrated at times? Of course. But there’s nothing better then helping someone find a great new job, helping a company hire a great new employee, and getting paid handsomely for it.
If you’re interested in taking the next step towards starting your own recruiting firm, Makena Partners offers an opportunity to assist in getting you started as a partner firm. Contact us for more information.