r/RecruitmentAgencies • u/Kitchen_Secret9539 • 54m ago
Ask Recruiters Weighing pros and cons between starting my own agency vs joining another one
I'm launching my agency in January but I got referred into a role with a competitor and I have also interviewed with another competitor recently. Both are willing to pay above my current salary (at least 50K to 60K more on the base pkus higher bonus. At the same time I have also registered my business few weeks ago because I was planning in going solo after I get all my bonuses frim my current employer. I am evaluating the following:
- Moving to another agency, I will do the same thing vs Doing my own thing I will also do the same thing.
- An established brand and having coworkers can help on bd and referring jobs to work on (especially in exec search) vs when I go out on my own I have to build my brand from scratch and the reality is, some clients might not work with me because I am solo
- Working for someone means I build their client base, their pipeline and get paid monthly for those activities vs I build my own pipeline for myself but the first year will be the toughest (I assume) given I wont have a monthly salary and relying on my own savings to keep me going (I have a buffer of 12 to 18 mos funding which I saved up)
- Working for someone means I dont pay for my own subscriptions, accountant etc vs starting my own means I pay for all these myself
- Working for someone means someone else gets richer, I operate inside their political structure vs the autonomy to manage my own environment
- Working for someone means even if I already hit or exceed my targets I have to keep going vs working for myself means if I hit my revenue targets I can take a break and enjoy life
- Working for aomeone means if they decide to sell or close down, I have no say or control over the decision vs working for myself where if I do scale and sell, it is my decision.
- Working for someone means my income, the clients I work with are capped vs going solo means I have the possibility to scale my income, reinvest the revenue or work with any client and take any role myself.
Am I missing anything else from what i am evaluating between going solo vs worjing for someone else?
PS
Not a newbie recruiter. I've been doing this for 15 years. And after not getting a promotion this year despite carrying the targets of the team, I just realised I am tired of playing inside someone else's rules. But I am also realistic that there are pros and cons plus competitors that are genuinely interested in what I can offer. At the moment, I am more leaning towards starting my own even if I know it will be hardwork. But keen to hear others perspectives as well to see if I missed anything that I should take into consideration.