Business idea!!

[Sas1]

A little about myself
My names Steve , I'm 22 and live in the north east of England.
I'm currently in full time employment in the same job I've had since I was 16 and apart from earning a decent wage I hate everything about my job.

Ive currently got an idea in my head about setting up a temporary workers agency but with very little on the internet to research it's just a pipe dream at the moment! If anybody can offer some good advice or know any good websites where I can read up on it I woldnt be massively greatfull

 

[K-rado]

A little about myself
My names Steve , I'm 22 and live in the north east of England.
I'm currently in full time employment in the same job I've had since I was 16 and apart from earning a decent wage I hate everything about my job.

Ive currently got an idea in my head about setting up a temporary workers agency but with very little on the internet to research it's just a pipe dream at the moment! If anybody can offer some good advice or know any good websites where I can read up on it I woldnt be massively greatfull

Welcome Steve. Do you mean a recruitment agency for temps only?
In effect you would like to become a :spit: recruitment consultant?
They are way up there with politicians and bbankers in my HO.
That said, I was thinking something along the sames lines myself only today. If this is what you are referring to I might be able to put a little twist on things for ya. K

 

[Blandford Hairdressers]

There are already plenty of companies offering this service. Best bet would be to get a job with one of them to learn the trade, then set up alone.

 

[Sas1]

Welcome Steve. Do you mean a recruitment agency for temps only?
In effect you would like to become a :spit: recruitment consultant?
They are way up there with politicians and bbankers in my HO.
That said, I was thinking something along the sames lines myself only today. If this is what you are referring to I might be able to put a little twist on things for ya. K

Yeah a recruitment agency! Please go ahead my brains hit s brick wall with it so a fresh twist could be good!!

 

[straightdrive]

Recruitment consultants might aswell be pimps, selling people for a living, tutt

 

[Sas1]

There are already plenty of companies offering this service. Best bet would be to get a job with one of them to learn the trade, then set up alone.

I know it's an industry with a lot of established names but it's a multi billion pound sector and surely I can tap into less then 0.1% of that

 

[Oakleaf Studio UK]

I'm currently in full time employment in the same job I've had since I was 16 and apart from earning a decent wage..

That's definitely not something to be taken for granted in this climate, but at the same time I wish you all the best with trying something new. I've been self-employed since I left school and I currently have two businesses. Personally I wouldn't have it any other way - but it's not for everyone.

Some people seem to do better under the umbrella of employment.

 

[Oakleaf Studio UK]

it's a multi billion pound sector and surely I can tap into less then 0.1% of that

Sounds easy I know, when you put it like that. If only it was, we'd all be millionaires.

 

[Sas1]

I just wanna try something new rather then look back and think what if

 

[Zara Accountancy]

Steve, mate, it is commendable that you are wanting to do something productive and everybody here would encourage you in doing so.

However, you will also receive frank and honest advice and the posters before me are warning you of the future success of a recruitment business.

Do you have any other ideas?

 

[Oakleaf Studio UK]

I just wanna try something new rather then look back and think what if

True..

One thing I do know is - there will be no shortage of people telling you that you won't be able to do it. But if you believe you can, do some careful planning and see if it is viable. Sit down and do a really good (realistic) business plan.

 

[Sas1]

I undersand people been cautious giving advice but I'd be going into a business with honest expectations.
If I can cover operating costs whilst earning roughly what I earn now (23k) that would be happy days for me.
I do have some other ideas but I feel this could be the most successful if done right

 

[K-rado]

Yeah a recruitment agency! Please go ahead my brains hit s brick wall with it so a fresh twist could be good!!

Right-o me ole china. Now, this is just a thought from my very limited knowledge on the subject. RC/Agencies establish relationships with companies. In the first instance, they approach a company, “Hello, do you need any staff”, if we are successful in finding you the right person we will charge you a fee of £xxxx. They develop a job spec, except vague in many cases and then invite the poor unemployed bugger to submit their CV’s and they have 1000’s on file from previous job postings.
Remember, the RC could not give a toss abt you as their main motive is with their client. That is where the cash cow is. They will only put forward the very very best candidates as they know their client is busy and cannot be dealing with $#it applicants or applications. Interviews over, feedback and all that jazz. The candidate is employed and the RA is paid. The client now likes the RA and will more often that not give them favour or exclusivity with any additional employment opportunities. From a candidate point of view this sucks. They never receive feedback because the RC cannot be arsed, lazy bar stewards.

Right. Here is the twist. Turn the tables and get rid of the poxy RA’s, high finders fees for the employers and level out the playing field for all concerned. ( remember there are 100’s of 1000’s of unemployed people out there)

1 set up a website called XXXXXX
2 invite the candidate to register for a yearly subscription fee of £5 and fill out a specially developed form stating their specialism, skills, experiences etc. This becomes a standard CV template for everybody. You could offer a review service for a small additional cost just to check over spellings and grammar etc.
3 Get the candidates to ask their previous employer to rate them on a number of topics, an overall score of 100 ( that is very important)( not no previous employment eg. Just left school or uni, apply same ratings from tutors or teachers ( these are professionals and have professional obligations) and assign a P beside the qualifying number)
4. Invite employers to post up job vacancies – could even get the jobclubs/centre involved.
Ask them for a general score criteria from candidates eg. 10-15, 80-100 for each skill competencies.
(I have it in my head) number of CV they would like to see at or above those levels.
5. Auto email candidates and get them to apply. Maybe charge £1 per click just so as they know they are not wasting anybodies time as they can see the qualifying criteria.
6 Submit CV to employer . They will pick out the ones they want to interview.
7 Charge the candidate for the interview referral, small fee. No need to be greedy.

And that’s as far as I got. K.

 

[BDSDoncaster]

That's definitely not something to be taken for granted in this climate, but at the same time I wish you all the best with trying something new. I've been self-employed since I left school and I currently have two businesses. Personally I wouldn't have it any other way - but it's not for everyone.

Some people seem to do better under the umbrella of employment.

I have become self-employed last October after years of being employed, I was made redundant 4 times and decided that I was sick of listening to other people tell me what to do and other people controlling my future. I took the plunge and to be honest it has been really hard however I am finally on the up and business is really taking off, If you have the balls to take the plunge as long as you are dedicated and are prepared to work hard at it then self-employment is the future.

 

[Remote Resources]

It's not a bad idea at all although I have read some evidence that recruitment companies (generic) are really struggling at the moment to find jobs for the huge number of temps they have coming through the door seeking work.

What's the main industry in your local area? Factories? Haulage? Shipping? It may be worth considering focussing on supplying qualified, experienced people in one main sector. Then when businesses are looking for staff in an industry, they come straight to you rather than sorting through the chaff in themainstream agencies.

I know Hull has a number (or had a number) of specialist agencies like this for shipping and factories.

 

[Sas1]

K-rado thats actually not a bad idea

 

[Pap_sak]

I have become self-employed last October after years of being employed, I was made redundant 4 times and decided that I was sick of listening to other people tell me what to do and other people controlling my future. I took the plunge and to be honest it has been really hard however I am finally on the up and business is really taking off, If you have the balls to take the plunge as long as you are dedicated and are prepared to work hard at it then self-employment is the future.

agree. when I opened my first shop it was case of find a job, or make one for myself. Really happy that I chose the latter!

BUT, while you do have a steady job, PLAN, PLAN, PLAN and start saving LIKE CRAZY. A big Mac here and there might seem like nothing to you now, but in a few months of starting out will seem like a luxury.

Give yourself 6 months - preferably a year before ditching the job, plan how you would fill your job...then plan how you are going to live with NO income for the first year. You at the very least be on the right track.

 

[turnarounduk]

This is a saturated market already, its always a cash drain when you first set up paying people straight away then waiting for custoers to pay you.

Its too much hard work at the start, trust me.

Lee

 

[K-rado]

K-rado thats actually not a bad idea

I know

I can see how it could work exactly/ how it could change and how it could be better and avove all where the money is.

 

[moumomo]

an advice for you, you can choose to do business and work for yourself, just a different life from working regularly everyday, also welcome to china to travel.

 

[kely]

most of my friends think I'm easy to satisfied with my situation.
Now, I have graduated, I got a job, the salary is not as high as others, But I think the boss is good,so I want to insist.
Hope I will win.

 

[StratBee]

Right. Here is the twist. Turn the tables and get rid of the poxy RA’s, high finders fees for the employers and level out the playing field for all concerned. ( remember there are 100’s of 1000’s of unemployed people out there)


2 invite the candidate to register for a yearly subscription fee of £5 and fill out a specially developed form stating their specialism, skills, experiences etc. This becomes a standard CV template for everybody. You could offer a review service for a small additional cost just to check over spellings and grammar etc.

5. Auto email candidates and get them to apply. Maybe charge £1 per click just so as they know they are not wasting anybodies time as they can see the qualifying criteria.

7 Charge the candidate for the interview referral, small fee. No need to be greedy.

And that’s as far as I got. K.

If, were job hunting - I would not be impressed by being charged £5 to provide my details, work history, experiences, references, etc and complete yet another form.

Being charged an additional £1 per application for a job. Seriously? - Aren't you're clients the ones looking for people to hire and inviting applications.

Then you want to charge me again because, your client likes the information I would have paid to provide and submit to them and wants to interview me?????

If, this actually, took off (which I doubt), it would be short lived. At the end of the day, your client needs to fill a position. Paying a recruitment company to manage this process so, that they don't have too is one thing. Charging candidates to supply their own information is another.

The term "cut out the middle man" would be highly applicable in this situation, IMO.

 

[tomsmith2010]

Franchise in fast foods is the best one

 

[AndyAndy]

Right-o me ole china. Now, this is just a thought from my very limited knowledge on the subject. RC/Agencies establish relationships with companies. In the first instance, they approach a company, “Hello, do you need any staff”, if we are successful in finding you the right person we will charge you a fee of £xxxx. They develop a job spec, except vague in many cases and then invite the poor unemployed bugger to submit their CV’s and they have 1000’s on file from previous job postings.
Remember, the RC could not give a toss abt you as their main motive is with their client. That is where the cash cow is. They will only put forward the very very best candidates as they know their client is busy and cannot be dealing with $#it applicants or applications. Interviews over, feedback and all that jazz. The candidate is employed and the RA is paid. The client now likes the RA and will more often that not give them favour or exclusivity with any additional employment opportunities. From a candidate point of view this sucks. They never receive feedback because the RC cannot be arsed, lazy bar stewards.

Right. Here is the twist. Turn the tables and get rid of the poxy RA’s, high finders fees for the employers and level out the playing field for all concerned. ( remember there are 100’s of 1000’s of unemployed people out there)

1 set up a website called XXXXXX
2 invite the candidate to register for a yearly subscription fee of £5 and fill out a specially developed form stating their specialism, skills, experiences etc. This becomes a standard CV template for everybody. You could offer a review service for a small additional cost just to check over spellings and grammar etc.
3 Get the candidates to ask their previous employer to rate them on a number of topics, an overall score of 100 ( that is very important)( not no previous employment eg. Just left school or uni, apply same ratings from tutors or teachers ( these are professionals and have professional obligations) and assign a P beside the qualifying number)
4. Invite employers to post up job vacancies – could even get the jobclubs/centre involved.
Ask them for a general score criteria from candidates eg. 10-15, 80-100 for each skill competencies.
(I have it in my head) number of CV they would like to see at or above those levels.
5. Auto email candidates and get them to apply. Maybe charge £1 per click just so as they know they are not wasting anybodies time as they can see the qualifying criteria.
6 Submit CV to employer . They will pick out the ones they want to interview.
7 Charge the candidate for the interview referral, small fee. No need to be greedy.

And that’s as far as I got. K.

Wouldn’t they get literally thousands of applications? Which is why they use RC company, because a RC would sift through all the C.Vs and provide the best candidates. Therefore, saving time and money?

 

[carolinaaram]

You can take the advice from Business Coach.
[FONT=&quot]Professional business coaching would help the person not only improve his business skills but also help him run his business in the best possible way that would be beneficial to his company in the long run. It will help him to avoid developing a myopic view as far as his decision makings are concerned.[/FONT]

 

[BigDukeSix]

Right. Here is the twist. Turn the tables and get rid of the poxy RA’s, high finders fees for the employers and level out the playing field for all concerned. ( remember there are 100’s of 1000’s of unemployed people out there)

1 set up a website called XXXXXX
2 invite the candidate to register for a yearly subscription fee of £5 and fill out a specially developed form stating their specialism, skills, experiences etc. This becomes a standard CV template for everybody. You could offer a review service for a small additional cost just to check over spellings and grammar etc.
3 Get the candidates to ask their previous employer to rate them on a number of topics, an overall score of 100 ( that is very important)( not no previous employment eg. Just left school or uni, apply same ratings from tutors or teachers ( these are professionals and have professional obligations) and assign a P beside the qualifying number)
4. Invite employers to post up job vacancies – could even get the jobclubs/centre involved.
Ask them for a general score criteria from candidates eg. 10-15, 80-100 for each skill competencies.
(I have it in my head) number of CV they would like to see at or above those levels.
5. Auto email candidates and get them to apply. Maybe charge £1 per click just so as they know they are not wasting anybodies time as they can see the qualifying criteria.
6 Submit CV to employer . They will pick out the ones they want to interview.
7 Charge the candidate for the interview referral, small fee. No need to be greedy.

And that’s as far as I got. K.

haha, good effort, but pure insanity.

 

[luckystar]

Candidates wouldn't want to pay and I think you will find that you aren't allowed to charge them....

 

[Chris Ashdown]

Lets look at the basics say you charge out a temp at £10 per hour 40 hour week

You offer him £6.50 per hour

Your cost £6.50 Plus NI say 12% = £7.28 per hour

So first month send out 15 people and charge them at £10 PH x 40 Hours x 4 weeks each = 400x15x4 = £24000

They pay you probably 30 days from end of month so you have no money for 2 months but are owed £48000 at the end of month 2

Your temps need paying every week so costs you £7.28 x 40 x 15 =£4368 or £17472 per month

So to be able to pay them without any other coasts including your wages, office, electricity, sales costs etc you would need £34944 available in the bank before you got paid your first cheque from your client

Yes you could invoice weekly but most larger companies still only do one purchase order run each month

 

[cc33]

If you think it's a good idea then go for it. Plenty of people will always tell you it can't be done, etc. But it's better to have tried.