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Your most-asked start-up questions: answered by founders
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    • Your most-asked start-up questions: answered by founders
      • Intro
      • Funding & finance
        • How much does it cost to launch?
        • How much can I earn?
        • Do I need an investor?
        • Is an 'exit' realistic?
      • Planning & preparing
        • How do I build a brand?
        • Does my non-compete block me?
        • icon picker
          Can I run contractors from day one?
        • What research should I do?
        • What technology do I need?
      • Expectations & examples
        • How does a typical start-up perform?
        • What challenges should I expect?
        • What case studies can I explore?
        • How valuable is RecruitHub's 'community'?
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        About RecruitHub
        • Overview
        • How does RecruitHub work?
        • RecruitHub customers
        • The launch process
        • Get in touch
Your most-asked start-up questions: answered by founders
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Can I run contractors from day one?

Can I run contractors from day one?

Yes.

One of the biggest misconceptions in start-up recruitment planning is that you’ll have to fund contractors from your own cash.
love-for-money

There are plenty of invoice finance providers who will:

fund (pay) your contractors, and pay your margin upfront
manage timesheets and client approval
These services vary in scope/complexity, but will typically cost 1-3% of total invoice value.
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There are also ‘employer of record’ providers and umbrella companies who will:

provide an entity through which to compliantly employ contract workers, and
manage payroll and tax
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recruithub

Building a contract book?

RecruitHub has a pre-built network of funding and EOR providers (+ T&Cs) to enable you to run contractors from the start.
For more information,
get in touch
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