2024-03-28 10:00
Recruitment agencies, constantly connecting talented individuals with work opportunities, have the potential for rapid growth. But fuelling that growth requires a steady cash flow. For this… Read More
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Is Your Recruitment Startup Ready To Expand Blog
newmillennia.co.uk/blog
Tags:
recruitment
cash flow
factoring
outsourcing
business
credit
expand
invoice
budget
staffing agency
Looking at when startups might want to think about expanding and what steps they can take when they reach this point
2024-03-19 10:00
Considering launching your own temporary staffing agency? Perhaps you like the idea of being your own boss or maybe you’re drawn to how much the industry is growing. Whatever your moti… Read More
2024-03-08 16:20
Chancellor Jeremy Hunt unveiled the Spring Budget on Wednesday 6th March 2024, outlining measures aimed at stimulating economic growth and easing the burden on working families. Here at New… Read More
2024-03-05 10:00
Are late payments plaguing your recruitment agency? 78% of businesses in the UK struggle with delayed invoices, with an average of £26,000 outstanding at any given time. Sound familia… Read More
2024-02-27 10:00
Tired of labouring over payroll processes? Outsourcing your payroll could save your business money, time, and resources, whether just starting up or an established SME. By entrusting your ba… Read More
2024-02-15 10:00
Starting a recruitment agency can be an exciting venture, however there are challenges when it comes to boosting your cash flow. As a startup or SME in the competitive recruitment industry… Read More
2024-02-13 10:00
Credit control is an important aspect of all businesses and having effective credit control processes in place will help to ensure that your business is avoiding cash flow problems and that… Read More
2024-02-08 15:45
100% recruitment funding might seem like a deal that’s too good to be true, but really it isn’t. We help recruitment agencies up and down the country access money they’… Read More
2024-02-06 10:00
Invoice discounting and factoring are both methods of invoice finance. Invoice financing is a great option if your business needs improved cash flow and both discounting and factoring are w… Read More
2024-02-01 11:00
If you’ve set up your own recruitment agency then the likelihood is that you’ve been itching to grow from day one. Perhaps you have a steady stream of revenue and are developing… Read More
2024-01-30 10:00
So, you’ve got a new business and have just registered with HMRC. You now need to make sure you’re up to date with how and when to pay corporation tax on your profits.
Here&rsqu&helli…Read More
2024-01-25 11:45
The recruitment industry is ever-competitive and evolving rapidly. If you’re considering starting your own agency it’s a good idea to understand how the market is looking, and th… Read More
2024-01-23 10:00
Managing cash flow is critical for all businesses, and recruitment agencies are no exception. Cash flow management involves tracking the money that is coming into your business against the… Read More
2024-01-19 13:45
You’re on fire! You’re flying! Your recruitment agency is heading for bigger and better things.
It’s a great feeling when you know your business is growing, suddenly the p… Read More
2023-11-24 16:00
Chancellor of the Exchequer, Jeremy Hunt, delivered the Autumn Statement on 22nd November 2023. He announced the biggest tax cut since the 1980s and a package of 110 measures to support busi… Read More
2022-05-22 13:29
If you’re looking for a new job, change in career, or have recently graduated, then you’re in luck. The UK labour market in 2022 is booming, as there are plenty of job opportunit… Read More
2022-04-20 13:20
Starting a recruitment agency can very well be an extremely profitable business venture, but it’s significant to remember that there is more to success than just finding the top talent… Read More
2022-03-24 13:54
If you’re like most business owners, you know that having a great team is key to your success. There are a few things you need to start thinking about when starting up your own recruit… Read More
2022-02-17 13:44
Starting a recruitment agency can be an extremely profitable business venture. As a start up recruitment agency, you may be facing many ups and downs as you establish your brand and try to s… Read More
2022-01-26 11:08
If you’re considering recruitment funding then chances are you’re going to have more than a few questions, to see if it’s the right thing for you and your business.
There a… Read More
2022-01-11 18:57
Whether you’re an established SME agency looking for financial support or a recruitment startup with more than a few questions, we’re here to help!
We know recruitment finance ca… Read More
2022-01-04 18:11
As a recruiter you know exactly the information you need from your client to start searching for the right people.
But what does your candidate want to know? Not just about the role itself b… Read More
2021-12-21 15:17
It’s a sad fact that so many startup recruitment agencies fail.
But why?
Read our article below to find out, and make sure your startup recruitment agency doesn’t fall into any o… Read More
2021-11-23 22:02
As we approach the end of the year, it’s time to start focussing on what you’re going to achieve in 2022.
However before you start thinking about kicking back and tucking into so… Read More
2021-11-17 21:01
When you started your recruitment agency chances are creating a website was pretty high on your to-do list.
However now your business is established, are you giving your website the attentio… Read More
2021-11-10 12:39
Whether you’re a podcast fanatic or a complete newbie, podcasts are a great way to be entertained and informed during your working day!
There are now thought to be over 2,000,000 podca… Read More
2021-10-26 17:11
As a recruitment agency owner, it might have crossed your mind from time to time — how much could I sell my business for?
Even if you have no intention to sell in the near future, you… Read More
2021-10-19 16:05
Social media can be a powerful tool for your recruitment agency.
You may not currently invest much time, seeing it as time-consuming with very little return, but maybe you just need to chang… Read More
2021-10-12 09:32
Back in April we published our roundup of the current state of the job market.
Things have changed a lot since then, with the furlough scheme ending and various services opening back up in f… Read More
2021-10-05 08:10
As you feel your recruitment agency starting to grow, you’ll find yourself with less and less time!
This is an exciting moment as an entrepreneur, but it’s also a little daunting… Read More
2021-09-20 23:00
Deciding to start a recruitment agency is an exciting move, but there are quite a lot of different factors to consider to ensure you have everything in place to make your business a success… Read More
2021-09-13 21:03
Whether you’re a start-up or an established SME agency looking to grow, effective back office operations are fundamental to your relationship with your clients and candidates.
However… Read More
2021-08-31 16:37
Since people started returning to the office it has presented many challenges to both employers and employees as everyone readjusts to life in the workplace.
You might be facing similar chal… Read More
2021-08-23 12:53
When you start your own recruitment agency you’re focussed on just getting in as much business as possible!
However setting targets can help you stay on track and stop you taking on ro… Read More
2021-08-17 17:56
Are you feeling a little burnt out right now? After the events of the last few years it’s really no surprise!
Here are a few ways you can give your productivity a boost!
1) Work Flexib… Read More
2021-08-10 16:40
You’ve found the perfect candidate and they got the job!
Now you’re waiting to get paid, which could be weeks but more likely months depending on the company you’re working… Read More
2021-08-03 17:14
You’ve got the experience and you’ve decided to go for it — you’re starting your own recruitment agency!
However your first stumbling block might be exactly how are y… Read More
2021-07-20 22:12
So you’re going for it, you’re starting your own recruitment agency!
There are so many important decisions to make, however surely the most important decision is what to call you… Read More
2021-07-20 22:09
Most professionals in the recruitment industry would agree that it’s a crowed marketplace.
Statistics show that over 8000 new recruitment agencies are launched each year. So exactly ho… Read More
2021-07-12 10:35
When you’re in a business slump it can be hard to get out. It might be the impact of the pandemic on your recruitment agency or an industry specific issue that is getting you down.
It… Read More
2021-07-05 09:47
Keeping the financial status of your agency healthy is so important for the future of your new business, however it can be one of the most challenging aspects.
Imagine you have an exciting c… Read More
2021-06-21 20:09
Once you’ve established your recruitment agency and you can feel it beginning to grow, you might start to wonder whether you should increase your fees.
Perhaps you started out by offer… Read More
2021-06-11 22:31
Taking a look at your business processes can really help to take your recruitment agency to the next level.
Often when starting your own business you fall into patterns of working and you st… Read More
2021-06-06 20:38
Starting your own recruitment agency, particularly if you’ve been working for one of the big players, can be a huge (but exciting!) undertaking.
Tasks and functions that were once hand… Read More
2021-06-01 18:14
Here at New Millennia we’re committed to helping new recruitment agencies grow and thrive in a competitive market.
We believe that the recruitment industry in the UK is a vibrant and e… Read More
2021-06-01 17:36
Gaining new clients is the exciting part of starting your own recruitment agency.
However though shiny new clients mean the chance to expand your business, you might also want to look a litt… Read More
2021-05-17 18:20
Whether you’re just starting out or you’ve been established for a few years, cash flow within your recruitment agency can still be a challenge.
Making a placement then waiting mo… Read More
2021-05-11 09:05
Content marketing can be a great way to draw attention to your brand new recruitment agency.
In fact, agencies of any size and age can benefit from investing in their content marketing strat… Read More
2021-04-26 20:54
Recruitment agency accountancy services include a wide range of different financial, administrative and legal responsibilities.
These jobs are often a time and money drain on small age… Read More
2021-04-18 20:48
So, your recruitment startup is thriving and you’re wondering when the time is right to scale up and take on your first employee. First off, congratulations!
We at New Millennia love h… Read More
2021-04-13 21:18
There is no doubt that there’s still a lot of uncertainty in the marketplace, however we’re constantly being told that there are signs of hope.
To help you understand the current… Read More
2021-03-29 18:43
Being customer-centric is what every company is aiming for, particularly those that operate in highly competitive markets — such as recruitment!
It’s no surprise that it’s… Read More
2021-03-21 22:34
Over the past year or so working from home has become the norm for so many, yet with hope on the horizon we might start to see some make a return to the office.
However if you’re just… Read More
2021-03-15 12:49
Creating a company brand might not be on the top of your priority list if you’re starting your own recruitment agency. However developing an identity for your business is so important… Read More
2021-03-08 21:04
Recruitment is a seriously competitive industry, but we’re sure no-one needs to tell you that!
Winning clients, and more importantly retaining them, is more challenging than ever befor… Read More
2021-02-20 17:21
You finally did it! You took the plunge, and now you’re the owner of your own startup recruitment agency!
Here at New Millennia, despite working in the industry for over 20 years, we s… Read More
2021-02-15 21:19
If your agency is flying high and you’re looking to grow, you might be considering expanding into a new industry. Alternatively perhaps you’re looking to find new streams of reve… Read More
2021-02-08 18:54
With so much more time at home right now, it’s the perfect opportunity to add to your reading list!
You might need escapism, but as a recruitment agency owner there are a number of boo… Read More
2021-02-01 10:11
When you’ve decided to start your own recruitment agency, there are so many different things you need to consider.
You might be feeling excited, or maybe a little daunted at the prospe… Read More
2021-01-15 18:30
If you’re thinking of setting up a supply teaching agency, then there are a few things that are useful to know.
Here at New Millennia we’ve worked with many education recruitment… Read More
2021-01-09 16:52
Sourcing the best candidates is one of the biggest challenges faced by startup recruitment agencies.
Talent shortages and competition from larger agencies are just two of the barriers to fin… Read More
2021-01-09 16:41
We’ve arrived in a new year, and though there are many challenges to face, it’s still a time to really focus on your business development.
However finding the motivation after su… Read More
2020-12-14 14:36
As we mentioned in a recent blog post, LinkedIn can be used to generate leads. And it doesn’t need to take up all of your time – a little-and-often approach can, over time, reap… Read More
2020-12-14 14:25
The FMCG industry in the UK is worth over £110 billion. It’s a thriving and fast-moving sector that affords many opportunities to recruitment professionals.
If you’re an FM… Read More
2020-12-07 22:09
In 2008 when the financial crash happened, doubt crept into the recruitment industry.
Permanent placements dropped and temporary recruitment soared.
Understandably due to the events of 2020… Read More
2020-12-06 21:18
No one needs reminding that 2020 has been a rollercoaster ride of a year.
The events of the past 12 months have affected every corner of the economy in some way. The recruitment industry, in… Read More
2020-11-27 22:35
Some people might think 2020 is a strange year to consider trying to grow your business, but if you’ve spotted an opportunity, then go for it!
To help you along the way we’ve put… Read More
2020-11-23 10:11
Starting your own recruitment agency is an exciting time, a chance for you to take everything you’ve learned in your industry and apply it to your own business.
However it’s not… Read More
2020-11-17 09:36
Back in July we shared a roundup of the latest figures regarding the state of the job market. It was a pretty dismal outlook, however there were some positives to be found.
We’ve taken… Read More
2020-11-09 09:30
If you work in recruitment, chances are you know a thing or two about LinkedIn. However are you using it successfully to generate leads?
The key thing to remember about LinkedIn is that you… Read More
2020-10-10 20:41
Accountancy and Finance continues to be a vibrant and growing sector, with a wealth of opportunities for a skilled recruiter. However, competition is fierce, with a number of skill shortages… Read More
2020-10-05 12:23
Working alone has its advantages, but it comes with plenty of challenges, too. If you were part of a larger recruitment agency and you’re now going solo from home, you might find that… Read More
2020-09-07 20:55
There is no doubt that the pandemic has had an impact on the mental health of people in the UK. For some it has meant time to slow down and refuel, whereas for others it has been a time of i… Read More
2020-09-07 20:47
Once you’ve made the decision to start your own recruitment agency, you may be beginning to search for clients.
Understanding the different recruitment models that employers use can be… Read More
2020-08-30 14:10
There is no doubt that the working world has changed, and now it’s a case of adjusting the way you work. If working remotely is becoming more of a long term plan than your agency had i… Read More
2020-08-30 14:01
You’ve spent years in the recruitment industry, and the last few months, or even years, a thought keeps crossing your mind.
What if I started my own recruitment agency?
Once the though… Read More
2020-08-23 13:55
Recruitment agencies always seem to have mixed feedback on social media. Some swear by the tool for getting interest in their roles. Others feel it’s a waste of time. However, one thin… Read More
2020-08-23 13:32
We know that working in recruitment is seriously competitive. Whether you’re just starting out or you’ve been established a few years, winning new business is always challenging… Read More
2020-08-16 19:03
When you’re thinking of starting up your own recruitment agency, then naturally one of your first thoughts is likely to be the investment. Compared to many other industries, start up c… Read More
2020-08-16 18:44
Human resources is a dynamic industry, that offers exciting opportunities for recruiters. Whether you’re an experienced HR recruitment expert heading out on your own, or a HR professio… Read More
2020-08-02 20:39
Customer-centricity is marketed as a new way of doing business, and has become an increasingly popular phrase in the last few years. Essentially it’s the idea that you put the customer… Read More
2020-07-28 06:23
When we published our last statistics article about the state of the recruitment market, it was a much different picture. We were celebrating the fact that the market was worth 11% more than… Read More
2020-07-24 18:03
If you’re trying to establish your own recruitment agency during the pandemic and wondering how you’re going to make it all work, then we just want to say we’re here, and y… Read More
2020-07-19 21:36
The construction industry within the UK is generally a healthy one, offering a range of different opportunities to recruiters. Though if you’re considering starting a construction recr… Read More
2020-07-19 21:21
There is absolutely no doubt that the Covid-19 lockdown in the UK has had a huge impact on the recruitment industry. We have been amazed to see how quickly many agencies adapted to the chall… Read More
2020-07-04 22:01
Starting your own recruitment agency is an exciting time, however it can be expensive when you’re first starting out. It’s natural to want to get everything in place as soon… Read More
2020-07-04 21:45
100% recruitment funding might seem like a deal that’s too good to be true, but really it isn’t. We help recruitment agencies up and down the country access money they’… Read More
2020-07-04 21:24
It probably won’t surprise you to hear that digital marketing is one of the UK’s fastest growing industries. If you’re considering starting your own marketing recruitment a… Read More
2020-06-24 18:08
There are so many different online tools targeted at the recruitment industry. Developers know that it’s fast-moving and that recruiters are under constant pressure, so they’re a… Read More
2020-06-21 14:56
If you’ve decided to start your own recruitment agency, then chances are you’ve begun looking at building up a client list and many of the other logistics.
However, are you aware… Read More
2020-06-21 14:41
As a recruiter there are probably many things that frustrate you when it comes to working with candidates. Such as when they don’t return your calls or making excuses for not atten… Read More
2020-06-21 14:27
Whether you’re an experienced recruiter going solo or you’re working in the healthcare sector and have seen the recruitment opportunities first hand, we’ve got lots of… Read More
2020-05-15 12:41
Business is going well, really well, and you’re starting to feel like it’s time to grow your agency. But where do you start?
Every day we work with recruitment agencies across va… Read More
2020-05-15 12:22
If you’ve worked in the recruitment industry for a number of years and you’re considering heading out on your own, then good luck, it’s an exciting industry with so many op… Read More
2020-05-15 11:44
The recruitment industry is seriously competitive and it’s growing and evolving at a rapid rate. If you’re thinking of starting your own agency then it’s good to understand… Read More
2020-05-15 11:21
Working in recruitment can be the best job in the world, especially when you land that dream fee or find the perfect candidate for a tricky brief. However there are a number of truths that j… Read More
2019-07-31 23:00
You could argue that deciding to set up a recruitment business in the first place is the most important step of all. In reality, however, this simply isn’t the case. Deciding to… Read More
2019-07-29 23:00
So you’re starting a recruitment agency, and you’re thinking of making it an IT-specific recruitment agency. We have discussed the more general advantages and disadvantages… Read More
2019-07-25 23:00
‘It’s all about who you know, not what you know’ – we’ve all heard it and we’ve likely all thought it from time to time, and while this is, of course, not… Read More
2019-07-21 23:00
Customers gravitate to brands which resonate with them. Even in B2B, the personality of a brand can carry the business to places and clients that the same, less engaging recruitment ag… Read More
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