What If Starting a Recruitment Business Doesn’t Work Out? Why We Carry the Risk, Not You
Starting a recruitment business is a bold and exciting decision. But even for experienced recruiters the idea of venturing out on their own can bring up questions of financial risk, uncertainty, and the possibility of failure. After all, starting a new business comes with challenges and nearly 20% of new startups in the UK fail in their first year. The reality is that not all new ventures are immediately successful, and it can take time to build a profitable business. Partnering with Hilton Lord provides the safety net you need to succeed. Let’s explore how we can help you overcome the uncertainty surrounding starting a recruitment business.
What Happens if It Doesn’t Work Out?
For many recruiters considering starting their own business, their biggest fear is simply, failing. The thought of walking away from a stable salary and putting everything on the line can be daunting. It’s not uncommon to be paralysed by “what ifs.”
What if the business doesn’t grow as expected? What if clients don’t come through? What if I can’t make ends meet in the early months?
And while fear of failure is the biggest obstacle, it’s not the only one. Many recruiters also fear:
- Financial instability – Will I be able to pay my bills and cover personal expenses while building the business?
- Isolation – Will I feel like I’m doing this alone without the support of a team or a mentor?
- Administrative burden – How will I handle invoicing, taxes, and all the back-office tasks that come with running a business?
These are all valid concerns. But here’s the truth. Failure is not as devastating when you have the right support. At Hilton Lord, we take care of the back office so you can focus on what you do best: building relationships, placing candidates, and growing your business. Most importantly we take on the risk that often come with starting a business alone.
The Reality of Small Business Success
A new business rarely hits the ground running. As a recruiter, you know that success in the industry doesn’t happen overnight. It takes time to build a client base, establish your reputation, and fine-tune your processes. That’s why it’s important to have realistic expectations for your first year.
Most businesses experience a dip in earnings during their first year as they get established. This is normal. In fact, on average, it can take 2-5 years for a small business to become profitable. However, with the right support and the right model, you increase your chances of success dramatically.
Hilton Lord Carries the Financial Risk
When you partner with Hilton Lord, we invest in your business and provide a safety net, covering your salary for up to six months if needed. This means that if things don’t go according to plan in the early months, you won’t be left in financial ruin. You simply walk away without any personal liability.
We’ve spent over 16 years refining our approach and now we have a proven model that significantly reduces the risks associated with starting a recruitment business. Our goal is to ensure that you have the time and support you need to get your business off the ground. We want you to succeed, and that’s why we provide a partnership where the risk is on us.
Our Vote of Confidence in You
We understand that making the leap to start your own recruitment business is a big decision. That’s why we’re selective about who we partner with. Each year, we speak to about 100 recruiters, but we only back around 5.
Find out what we’re looking for…
Being chosen by Hilton Lord is a vote of confidence in your abilities. We back the best of the best: recruiters who have proven themselves in their field and those we believe have the potential to succeed on their own.
Partners Who Took the Leap
It’s natural to be cautious when considering starting a recruitment business. Many of our partners had the same fears when they first started, but with our backing, they were able to overcome them and build successful businesses.
Louis Stewart, Director of Moore Green Recruitment, shares: “It's a big step to start your own business, but the advice from the team has been fantastic all the way and is always supportive.”
James Davey, Director of Workforce Recruitment, says: “There are some scary parts to running your own business, but the support and advice from my partnership with Hilton Lord makes them so much easier.”
Steve Lewis, Director of Recruit Wealth, explains: “Setting up and launching a new brand in a competitive market is no easy thing, but with their support, it’s been nothing but the right decision.”
Trying is Safer Than Not Trying at All
Starting a recruitment business may seem intimidating, but the reality is that it’s safer to try with Hilton Lord than not trying at all. With our proven model, financial support, and operational backing, you have everything you need to succeed.
At Hilton Lord, we take on the risk, so you can take on the opportunity.
Ready to take the leap? Contact Hilton Lord today to learn how we can support you in starting your recruitment business.