Summary of How I REALLY started my Recruiting Business & Agency. The TRUTH !
The video discusses the presenter's experience starting a recruiting business and agency, focusing on the financial strategies and challenges faced during the early days. The main points covered include:
- Starting with zero money after leaving a staffing firm to join a startup that ran out of money after four to five months.
- Borrowing the presenter's wife's credit card to cover initial costs for incorporating, legal fees, and tools.
- Being lean with expenses by using Excel and later Airtable for recruiting, with LinkedIn being the biggest cost.
- Working hard, putting in long hours, and being dedicated to building the business.
- Making over 400k in the first year, surpassing initial financial expectations.
- Not hiring initially to keep costs low and focusing on solo recruitment before eventually considering hiring part-time or full-time employees.
- Emphasizing the importance of specialization in recruiting to build a strong database and credibility.
- Highlighting the challenges of work-life balance and the need to be always accessible in the recruiting industry.
- Advising aspiring recruiters to get a job first to learn the ropes, treat recruiting seriously, and be prepared for the demands of the job.
Presenters
- Preston Lee - Recruiter and Agency Owner
Notable Quotes
— 18:56 — « I dont have to go to the bathroom I dont have to eat lunch I dont have to eat dinner. I know it just sounds horrible. »
— 19:08 — « It was absolutely all-consuming. I told myself Im gonna do whatever I can to get this business up and running. »
— 20:31 — « You can just be super lucky and others you can do part-time basis but if you want to build a business have a successful sustainable freelance career. »
— 21:01 — « Im happy that Ive gotten much better with my time management. Im able to shut things off at a certain time during the week. »
Category
Business and Finance