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Do you need a start-up guideline or sample recruitment agency business plan in Nigeria to help you work through the process of starting the business? A recruitment agency, alternatively known as a staffing or employment agency is one of the fastest rising, most lucrative businesses of this century.
You do not need a soothsayer or statistician to tell you that all over the world the ratio of graduates churned out by universities yearly to the available jobs is a landslide. Good recruitment startup business plan acumen tells one to take advantage of this phenomenon as a source of income.
All over the world recruitment agencies are cropping up with the intent of connecting qualified graduates to hiring companies at a fee. Several big companies are interested in hiring the services of recruitment agencies as it helps them reduce the cost of running a human resource department.
The agency is thus saddled with the responsibility of making the connection to the eligible candidates, conduct screening exercises, interviews, handle new staff documentation before finally handing over the new hiring company. Trust me these companies pay quite a large sum to make this happen, meaning good profit for the agency.
I am sure you are beginning to nurse an interest in this field already. Join me as I elaborate on starting a recruitment agency in Nigeria, it promises to be exciting and educative.
There are several industries that make up the economy such banking and finance, agriculture, foods and beverages, telecommunication, etc. You must understand that you cannot delve into all these industries when you want to start up your agency.
It is expedient to decide which you want to focus on and create a niche for yourself there. This is very important to note because each industry has its own peculiar staffing needs and till you grow to become a mega agency, it will be wise to stick with one so you can create a good reputation for yourself grow fast enough.
It is not a crime to seek advice from people that have gone ahead of you in a business line, either directly or indirectly. You either meet them to ask questions or be more subtle and take note of what they do in quiet; anyways make sure you get some information from them as it will help you not to make several avoidable mistakes.
If you have not worked in the recruitment sector before, it is advisable that you seek some experience before starting up yours.
Searching for suitable candidates to fill positions and the rest of the recruitment process can be really tasking and someone without prior experience is likely to create a major blunder if proper care is not taken.
You can gain experience by applying for internship with an already established recruitment agency and work there for a while. Become skilled in the process. It is one thing to gain experience, it is another ball game entirely to know the theoretical aspect of the job.
You will be the bridge between graduates and hiring companies, it is advisable that you get some training to help you understand the needs of your industry so you can hire the right people for the job.
Also get one or two human resource certificates, there are several websites that can provide you with online training at little or no cost. Run an encompassing feasibility study. This will cover everything you need to have as a recruitment agency. You do not want to start up your agency and then crash before you even hit the scenes.
Starting a recruitment agency requires quite an amount of capital, you will need to get an office, properly equip it, employ staff, register your business, publicize your business and several other things. Make proper findings and make a list, this will enable you plan properly.
Find out about recruitment laws. Find about regulations guiding recruitment in your state and also the industry you have decided to focus. This is important so you do not break laws and get penalized unnecessarily.
Being penalized can cause you to spend some crazy amount of money on fines or even cause your agency to be closed down altogether. Before you get involved, research and get acquainted with the laws, it is non-negotiable. In line with this, also research about the employment laws existent in your location.
Each state or country has specific laws guiding several aspects of employment like creating a balance between the number of male and female employed in an organization, laws against discrimination of disabled or handicapped people, laws against stigmatization of sick people e.
Lack of knowledge about these laws will not be an excuse if you are caught trivializing any, you could lose your license in the process. Get your business registered along with other necessary licenses.This business plan for an ethnic restaurant is highlighted by an exhaustive financial analysis, complete with monthly projections.
The fine attention to number specifics indicates an understanding of all the details that go into running a business. A FREE Sample Restaurant Business Plan Template. Restaurant Business Overview; Whether you are a foodie or not, truth is that as humans food is one essential thing that just must not be toiled with.
Recruitment Agency Business Plan in Nigeria - Are you interested in starting a recruitment agency in Nigeria? Do you need a start-up guideline or sample. Detailed information concerning all degree requirements can be found by visiting The College of Business Undergraduate Advising web site.. Admission Requirements.
Students entering UMSL may declare themselves as business majors in the College of Business Administration (COBA). The National Federation of Independent Business said its optimism index remains strong at in October.
Although down slightly, that was still close to the index’s high. A well-written business plan is an essential tool for any business.
Not only can it help you attract funding, it can also help you test your business idea. A business plan does not need to be a lengthy document but should provide the key elements.
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