How to Start Your Own Executive Search Company
When corporations need to hire executives, they often use an executive search firm. These companies assist their clients by recruiting top-level executives and matching these candidates to the client's needs. Clients expect executive search companies to find highly qualified candidates. The need for such companies has spurred the growth of offices in major cities. If you want to start up a company to provide this service, multiple resources will be required.
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Things You'll Need
- Recruiting staff
- Line of credit or loan
- Corporate attorney
- Candidate-tracking computer program
- Bookkeeping software
Instructions
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Develop a good business plan and consult an attorney who specializes in start-ups. The attorney can provide all the information and forms that need to be completed to set up a business legally. Keep the attorney on retainer to consult regularly in the course of doing business.
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Research the competition and learn as much as possible about the "hot" markets. Hire good recruiters who are experienced in these markets.
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Find the best office space for price and convenient location. Make sure the space is professional and comfortable for your clients and the job candidates you'll be recruiting for them.
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Install the best telephone and computer equipment you can afford. Hire a good website development company to design your site according to your marketing strategy, which should be targeted at top companies in the area that will need help filling executive vacancies.
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Purchase user-friendly bookkeeping software and a candidate-tracking program to maintain accurate records. Hire an assistant to process invoices and handle other accounting functions. Provide any necessary training to the recruiters.
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Tips & Warnings
Conduct good research prior to starting your business, and have at least six months of expenses saved in a business account. Don't spend more than your budget allows.
