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Another start up question!
Author:	Recruiter 79
Date:	Friday, 14th Jul 2006 21:22
Views:	2,394 (excluding Digests and RSS feeds)
Category:	Other
URL:	http://web.ukrecruiter.co.uk/forum/Forum/read.php?i=2053

Apologies for yet another start up query but here goes... CONTEXT I've been working the permanent IT recruitment market for a large well known organisation based in London for the last 4 years. Billings in recent years have been in the £200K - £300K bracket allowing me to take home approx £60K - £70K + Bens (car etc.). My personal billing performance in the last 18 months has been curtailed by my responsibilities training, developing and managing new members of the team. I've enjoyed this aspect of the role and have learnt a lot but like a lot of people on this forum have an itch that needs to be scratched. I'm thinking about going it alone. My plan would be to continue recruiting in the IT sector and focus on the technical market I know best. I'd initially work from home to minimise costs but would ideally like to end up hooking up with a like-minded friend and share some office space. We'd work independently of each other but would share banter, advice and some resources. My biggest concern at the moment is whether I can afford to do it right now? Most of the money I'd saved while permanently employed has gone into buying a property. As a result I am heavily mortgaged and have little in the way of savings. I could potentially sell the flat, release some capital and cut my monthly outgoings on accomodation (renting would be a lot cheaper than paying the mortgage!). Alternatively I could sit tight, work for another x months/years in my current company and save some money. The key question is - what are the start up costs and how much can I expect to pay in outgoings per month from then on? Cash flow could also be an issue as knowing the difficulties of starting from scratch and getting invoices paid i could be looking at 4-5 month before starting to see some income coming through. The outgoings I am legislating for include: -Website design -Phone bill -Broadband -Access to CV databases -Advertising Am I missing anything? I'm not expecting a definitive reply but any comments or advice would be greatly appreciated. Thanks Recruiter79

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Topic Author Date ID

• Another start up question!
Apologies for yet another start up query but here goes... CONTEXT I've been working the permanent IT recruitment market for a large ...
Recruiter 79 14/07/06 21:22 2053

  • Re: Another start up question!
Hi mate, Thats a fantastic thought of setting up something of your own. We can help you in the right way ...
Chris 21/09/06 15:04 3855

  • Re: Another start up question!
Hi Marshal82, your e mail bounced back so I use the forum for the note I sent can ...
Tom Atkinson 17/09/06 19:26 3639

  • Re: Another start up question!
Marshall82, I set up a couple of years ago - if you want any info drop me an email off forum. ...
In The Same Boat 14/09/06 16:10 3531

  • Re: Another start up question!
Hi Marshall82 If you are serious about setting up a recruitment agency with your colleagues I would like to talk to ...
Ed Fowler 14/09/06 12:07 3523

  • Re: Another start up question!
Hi, I'm an S3 perm recruiter in a similar situation. There are 4 of us looking to set up on our ...
Marshall82 14/09/06 00:03 3515

  • Re: Another start up question!
Wish you all the best... Talking to candidates that have done start-ups, the real issues for those going it alone ...
rec2rec bod 31/08/06 11:51 3203

  • Re: Another start up question!
Can you let me know where you're located? If it's reasonably close to where we are (near Harlow, Essex) we ...
Gary Anderson 29/08/06 11:38 3155

  • Re: Another start up question!
Your costs needs to be calculated as your basic overhead to live, and then role that into your average deal. I ...
Darren Revell 25/08/06 15:41 3096

  • Re: Another start up question!
We can help with all the back office administartion, payroll and iinvoice funding and avoid the months before you get ...
Tom Atkinson 25/08/06 15:28 3092

  • Re: Another start up question!
Hi There If you need any pointers I have a few on www.recruitment-views.com my blog for the industry. One way ...
Stephen 26/07/06 20:07 2361

  • Re: Another start up question!
thanks guys for your replies. Going "pear-shaped" doesn't really apply. Dont want to be one of those people who becomes bitter about ...
recruiter79 23/07/06 00:25 2232

  • Re: Another start up question!
When I started, I alway had in mind that if things went pear shaped, I could always market my cv ...
Jlda 20/07/06 13:18 2200

  • Re: Another start up question!
Well said! If you don't do it, you will continue lining your employers pockets through your talents, and who knows ...
APR 20/07/06 09:59 2186

  • Re: Another start up question!
web site design - totally irrelevent. But you'll get aworking thing for 350 quid phone bill - from home? £20 pcm ...
paul 14/07/06 23:45 2057

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