RecruitHub - Most-asked start-up questions of 2023
Funding & finance

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How much does it cost to launch?

Starting a recruitment business is one of the most financially accessible routes to becoming an entrepreneur.

You don’t need to spend money on inventory, products or even a physical workspace.
The amount you need to get started depends on:
Your personal living costs (rent / mortgage, car, food etc.),
Your operational costs,
How quickly you can generate sales and get paid by your first clients,
How quickly you’re planning to add headcount (additional staff) to your agency, and
Whether you partner with an accelerator platform who cover all or part of launch costs (like )

For most start-ups who plan on growing organically (reinvesting income into growth, without external investment), approximately 6 months’ worth of personal living costs + business operational costs is enough.

This assumes you will:
place candidates inside your first 3 months
invoice the client(s)
receive payment (~30 days later), and
grow your agency through organic cashflow from there.

Founders can also consider business loans (usually up to ~£20k), which can top up personal savings and bridge the gap.

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Need help with forecasting?

RecruitHub helps prospective founders with full financial forecasting, helping you:
understand your full launch costs
calculate your personal income (and savings required)
build a realistic, detailed P&L forecast.
For more information, .

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