Why NOW could be the best time to start your recruitment business!

If the uncertainty of 2020 has got your entrepreneurial juices flowing, you may be delighted to hear that now could be as good a time as any to pursue your new life as a business owner.

Believe it or not, now is a good time to get started.

Yes, undeniably the recent pandemic has slowed the recruitment sector down but recent reports indicate that things may be starting to improve.  Many experts still believe that the UK economy could bounce back quickly next year, with The Governor of the Bank of England, Andrew Bailey suggesting that recovery could be ‘faster than after the 2008 global financial crisis’.

In this glimmer of hope, companies are beginning to increase their staff requirements and there are highly skilled redundant workers on the lookout for jobs. So now is a great time to start a recruitment business and take advantage of the opportunities arising.  Your new business could help other businesses navigate through current circumstances by helping them to hire effectively.

The Arnot Score, a measure within the latest recruitment sector barometer- shows a rise in industry optimism this quarter. And despite the effects of COVID-19, 2020 figures from Companies’ House report that business recruitment entrepreneurs, registering their start-ups, almost matches that of 2019.

With your finger on the pulse, it won’t be a surprise that many of these new start-ups have adapted to the situation by focusing on the hottest sectors- Healthcare and IT.  Many will have sought greater resilience through smarter financing too – and this is where 1PS can help your chances of success and assist with growing your business.

So, if you’re a recruiter; perhaps you have been made redundant yourself, or you just want to gain greater control over your career- then why not make the leap into entrepreneurship. Now is the time to start a recruitment business and take advantage of the opportunities to come.

 

 

Felicity Thompson

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