Let's start-up a CUK recruitment agency

[d000hg]

Remember to blacklist PsychoCandy, Suity, etc...

[financial analyst]

You mean a Co-Op Recruitment Agency, don't you?

No.

I mean a bona fide (well, as much as any of them are!) recruitment agency, operating commercially, which happens to be owned by shareholders who may also be selling IT consulting to the clients of the agency!

I can buy shares in Michael Page and other listed companies. Why not just start one up?

[cojak]

So a startup by those of us who meetup in CUK (without using the CUK name, obviously...)

[financial analyst]

This bounty hunter is my kind of scum. Fearless and inventive.

...and greedy!

Surely there must be an experienced but hungry recruitment consultant out there who would like to join a start up, with high-quality 'product' in place (us), to push into clients with whom he/she has existing relationships, in exchange for a reasonable salary and a massive bonus!

[financial analyst]

I have tried getting a few people together before. I came to the conclusion that very few contractors have any business acumen and the majority are bone idle.
Lawyers and accountants do this time and again and they sell their practices for vast amounts of money.

I was in marketing and sales for 10 years before this game and I know that these people can be bought. They love hustling ad just want a salary to pay their bills with and a piece of the action. What would thta cost between a dozen intelligent contractors turning over a million a year between them.
In fact if you take low multiples of income say 8 * earnings and declare only 30k profit each, thats 360k income for a dozen times 8 and you have afirm worth 2.5 million or therabouts. not to mention the 1200 a day you are no longer giving to the pimps. If that were in aproperly managed pension fund, it would deliver something useful.

If anyone wants some help and they can convince me they have as much energy as greed, I'll help, but I'll take some convincing.

Ed

I'm not suggesting anyone who is good at what they're doing now tries to be a pimp instead. I'm suggesting we pay a good pimp to do his/her job.

Add in office, IT, back office costs etc and a bonus sufficient to get the pimp a blingy watch, some sessions in his favourite tanning salon, a BMW that looks like an M3 etc etc and you're looking at £200k per year. That's covered by margin from having approximately 20 of us placed. If there were 50 of us and our non-CUK contemporaries on the books, there is a healthy profit to share among shareholders.

...and yes, at the risk of discussing winning the running race before we've even discovered our feet, a well-managed and profitable business could be sold in due course for a fruitful multiple of earnings.

[northernladuk]

I thought this was the professional part of the forums. Fantasy's and general musings go in Light Relief don't they?

[financial analyst]

So a startup by those of us who meetup in CUK (without using the CUK name, obviously...)

...I assume its copyrighted!...

[Andy Hallett]

Knowing what it takes to run an agency, I wish you all the best with your idea.

The issue you will run into is working out how to split your time between bringing in the new business and actually doing the work. Also as a couple of the other posters have said there is a certain profile that works.

[Mephisto]

So...

1. Assemble CUK Rabble
2. Initiate UKC (for cojak) Agency
3. ????
4. Profit

Are we all in?

[TestMangler]

So...

1. Assemble CUK Rabble
2. Initiate UKC (for cojak) Agency
3. ????
4. Profit

Are we all in?

Look guys, we've got a Prince 2 practitioner on the books.....