In this episode of the Recruitment Founders Podcast, Lindsay Hartland and Greg Elton break down what it really takes to go from employee to recruitment business owner. They talk through the post-COVID wave of founders, why some people should absolutely not jump yet, and how to work out whether your current billings are genuinely down to you or propped up by your employer’s brand and infrastructure.
They cover financial runway (why 3 months’ savings isn’t enough), picking the right market, building a minimum viable tech stack, and the emotional rollercoaster of your first 90 days, from the LinkedIn launch buzz to the silence, the missing salary, and fighting off doubt.
Key Takeaways
Know exactly why you’re doing it. A strong personal reason, such as keeping more of your billings, being present for your family, or wanting true autonomy, is what carries you through the tough patches, not just being annoyed with your current boss.
Runway is non-negotiable. Three months’ living costs in the bank is not enough; six months is a bare minimum, and nine to twelve gives you a realistic window for first deals and client payments to land. If you can’t stretch your runway, you’re not ready.
Be honest about how “360” you really are. If you only work with candidates, or rely heavily on your employer’s brand, marketing, senior backing and finance team, expect a steep learning curve. As a founder, you wear every hat, from BD and delivery to cash flow and credit control.
Stay close to the market you know. Changing sector and launching a new brand massively extends time to traction; founders moving into brand new markets often take 6–12 months to see meaningful results. If you want to pivot, use an 80/20 approach rather than torching your existing niche.
Build a Minimum Viable Product, not a vanity tech stack. You don’t need hundreds of pounds a month in AI tools to look “proper”. A sensible LinkedIn product, a simple CRM if you genuinely use one, a laptop, phone and a decent-enough website will get you trading; spend real money on a good accountant and marketing mentor instead.
Your accountant is a business mentor, not a form-filler. The right accountant helps you understand director responsibilities, cash, tax and profit, the very reasons most people start their own business, and is far more valuable than another shiny SaaS subscription.
Don’t build it alone, find your tribe. Months two and three can feel dark: the LinkedIn launch noise dies, deals haven’t dropped yet, and your salary doesn’t appear. A real founder community or peers who’ve actually done it is far more useful than ego-driven WhatsApp groups where everyone pretends to be “smashing it”.
Protect your headspace as much as your cash. Have a second place to work (coffee shop, co-working space, even a pub with Wi-Fi), limit time with negative people, and expect the emotional wobble when your first month passes with no pay slip; it’s normal, not a sign you’ve failed.
Best Moments
“We’re going to help lift the bonnet on how easy, in relative terms, it can be to launch your own business, and what needs to be true for it to be that easy.”
“Three months’ money… You need to park the idea. Either batten down the hatches or build more cash before you go.”
“When you take the office away, the banter away, the lunch clubs away… most recruiters realise a huge chunk of their billing was actually down to them.”
“The first LinkedIn post, every man and his dog messages you. Week three… the noise just falls off a cliff.”
“Quick wins aren’t necessarily quick deals; they’re conversations. You need those little wins to keep the engine going.”
About Recruitment Founders Club
Recruitment Founders Club is your launchpad to owning a successful recruitment business. We provide comprehensive mentorship and cover your start-up costs for the first 12 months. Coupled with our robust network and ongoing support, we not only help you start your own business, we ensure you thrive.
Find out more: https://recruitmentfoundersclub.com/
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