RecruitHub’s Post

Maximise your income by owning 100% of the fees you bill. Launch your own recruitment business on our plug & play platform in just 30 days. Brand, tech, legals, tax & back office - sorted. ZERO up-front cost. You make the placements. You own the fees. (And the company). If you're thinking of taking the next step in your career and want to discuss your business idea, book a confidential chat with us. Book your chat here - https://hubs.la/Q026xzMQ0 #startup #recruitment #entrepreneurship

Maximise your income by owning 100% of the fees you bill. Launch your own recruitment business on our plug & play platform in just 30 days. Brand, tech, legals, tax & back office - sorted. ZERO up-front cost. You make the placements. You own the fees. (And the company). If you're thinking of taking the next step in your career and want to discuss your business idea, book a confidential chat with us. Book your chat here - https://hubs.la/Q026Sf7C0 #startup #recruitment #entrepreneurship

Maximise your income by owning 100% of the fees you bill. Launch your own recruitment business on our plug & play platform in just 30 days. Brand, tech, legals, tax & back office - sorted. ZERO up-front cost. You make the placements. You own the fees. (And the company). If you're thinking of taking the next step in your career and want to discuss your business idea, book a confidential chat with us. Book your chat here - https://hubs.la/Q026RNTY0 #startup #recruitment #entrepreneurship

Founders should understand 6 things before building a startup: 1. Go Solo - Avoid partners unless necessary. - If you need one, ensure they are an investor or a worker without decision-making power. - Maintain absolute decision-making authority in the beginning. 2. Profit Model First - Understand how, where, and how much money you'll make. - Prioritize it before scaling your business. 3. Solve Cash Flow Issues - Identify 10 potential customers before building anything. - Know how to reach your customers. - Know your cost of user acquisition and ensure it doesn’t surpass your gross margin. 4. Be the Salesperson yourself - Being a founder is not like being a “boss”: Be hands-on with every aspect of your business. - Focus on sales personally to ensure your products reach the market and generate revenue. 5. Start Small - Avoid renting big offices or hiring hastily. - Work from home or cafes, and outsource when necessary. - Every saved penny is profit. 6. Don’t Rush into Entrepreneurship - Start with a side business. - Only consider quitting your job if your side hustle's income is triple your current salary. Follow for daily insights and tips for founders. #StartupInsightsWithXYZ

TL;DR: In most cases, your target market is not your local market. The GDP of California is bigger than the GDP of France. But if you're living in Paris, and French is your native language, it could be very tempting to launch your product to the audience that you know best. And I think two main blockers make entrepreneurs go over this mistake: The first one is personal and professional fears. Is my English good enough? How do I go to market in a foreign country? No one there knows me. I have a network just in my country. The second is money. It would be cheaper to start it locally. I don't have the financial capabilities to fly out and create a network there. These blockers could be the thing stopping you from making it big in the one market that matters, and they are pretty simple to dissolve in your mind. As for your fears: 1. If you can speak English, your English is good enough. 2. You should invest the time to build your network there because it will serve you more than you could imagine in the long term. And as for the money question: Even if you save money in the short run working locally, your time is more valuable than money. The best thing to do when you're just starting out is to focus your time and efforts where you have the most chances of success. Early-stage startups are very busy figuring out product-market fit, and if you are figuring out product-market fit for the wrong market, you will have to do that again when you go to a target market. Repeating this process from scratch can be deadly for your company. In an industry that offers infinite shortcuts in hiring and development, the target market is the one thing you should not save on.

Attention Founders I have been helping startups and small businesses for decades. If you had been starting your business 30 years ago, in 1994 you would have needed the following: A brick and mortar location where customers could purchase your goods. In addition to rent, you would be be paying for electricity, insurance, etc. and someone sweep up every day. Local customers. An occasional tourist might stop in but your market was usually based on foot traffic. Local employees. Your talent pool was limited to your location. These employees usually worked full time with the costs of benefits and vacations added to their salary.. Local print advertising which was expensive and limited in reach. And then came the internet. It greatly expanded your market so you could sell globally. It increased your talent pool replacing employees with independent contractors who could work only when needed and be located anywhere. It reduced the cost of advertising and greatly expanded its reach.   And still today, people say that 90% of new businesses will fail. Could it be that the founders today are just incompetent? What do you think? #startup #founders #smallbusiness

"I'll wait till the market picks up and then definitely explore setting up for myself." Some food for thought: 📍 Has the market picked up since last year? Yes, it has. Things are heading in the right direction, but you’re still waiting for the 'right time'. 📍 While you’re waiting for the 'right time': You’re doubling down on all the essential activities a good recruiter should be doing in a tough market - business development, winning clients, upselling your services, and (re)connecting with your talent pool. 📍 When the time comes to leave your current employer: A lot of the work you’ve invested in building your desk becomes untouchable due to your non-compete agreement. Essentially, you’ve built up your business just to leave it behind. 📍 Building your startup: Be conservative and give yourself a good 4-month runway that doesn’t include billings. This allows you to focus on establishing your business without the immediate pressure of generating income; the above in action. 📍Depending on your market, there will be quiet and busy times. How does this impact you? When times are a bit quieter, you'll be walking away from less commission (less painful). When times are great that commission payout locks you in. So my point. If you are thinking about leaving your employed role to set up for yourself, weigh up your time and investment into your activities now versus that time and investment into building your startup. #Recruitment #Startups #BusinessOwner #Entrepreneur #Recruiter

I don’t know how you do it. The other night I texted my partner (diligently at work like a regular human) an example of what my brain is like when I overthink. A massive paragraph sifting through all the thoughts I have at once. Fair enough, half of these thoughts could be easily tackled in 10 minutes. But it’s that my brain is constantly wired. Always a new business to start. Always a new service to offer. Always somewhere to upskill. Always a reason to apply for full-time jobs, “just incase” Always a book to read. Always exercise to do. AND step counts to hit (this one is annoying) It’s a lot. And I’m not even doing it yet. HOW do you do it all? 😂 Full-time workers, entrepreneurs, freelancers, founders of startups - you’re legends. Well done for doing all the things even when you feel like you’re not 🤠 #startupjourney #solopreneur #stressmanagement #startupfounder #founders #founderjourney

*Let's Speak about what* *Mistakes Should have to Avoid To Become a successful Entrepreneur?* *1-spend money wisely* First build a start-up, make a profit and invest that money to build a start-up again You should have to make your startup stand out first & after that you start thinking about high cost engaging technologies *2-choose cofounder Wisely* Always choose founders those who will add value in your startup. Like if you are from IT background your cofounder should be from Finance or Marketing or business development background That will help you to avoid conflict in your startup and you can build easily in each segment *3-Active Confounders* Your co-founder should be positive , enthusiastic and the same way Ready to make a start-up successful with daily plannings *4-good team* Most of the founders are not hires a quality people as they hires quantity people for saving a money But it will make prove their decision wrong If you are making a start-up you should have a great team *5-Clarity between founders* All things like finance , documentation, authorized positions should be clear and transparent between founders at initial stage until you don't have any system *6-No Loan/EMI* - Founder should not have any financial burdon as he should have enough money for atleast 1yr to survive. That will reduce his financial pressure and he can give his 100% in a start-up *7-High gross margin* Your product should have a good profit ratio compare to expenses Thus your startup can come in profit so easily and early and will reduce your finance pain *8-Quality products* Always try to give customer more than he expect in his price with our good profit margin and this is all meant as quality product *9-Make a system* Don't think that only you can do any work best alone. Train your employees give them responsibility and make a system System will help you to take a follow-up, feedback on real time as consumer need quick response If you are not quick he will go for other options Also you will get a time to think about expansion and development and make you successful Smartly. -Shwet🦋 #Entrpreneurslife #learningexperience #growingbusiness

A few benefits of #online business: • You can build it from anywhere. • You get to enjoy a #flexible #lifestyle. • You have low startup costs. • You have low operating #costs. • It's relatively easy to scale. • You have access to a global #market. • You have more #job_security. • It's easier to manage. 🍀If you have always wanted to start your own online business but don’t know where to begin, Iet’s chat. I’d love to show you the exact steps I took to build my online business in less than 2 weeks with a small startup cost, plus working only 2-to 3 hours a day. Marjan Naghdi🌹