Below is a recent exchange I had with another recruiter. Her business is struggling, and she wonders what makes one person or company more successful than another.
Here is the exchange uncensored…
On 3/1/09 9:04 AM, Executive Recruiting Team wrote:
“Hi Brian, I read about your company in Inc.500 Magazine last night. I could not believe how quickly you grew your company, so I woke up this morning and decided to send you this e-mail. I statred an executive search firm 5 years ago. I have really done nothing to grow the company in those years and coasted with one client. I got married, had a child and built a house so that took precedent. I spent last year educating myself on how to grow the business because I do not have a sales background.
Today my company is not bringing in any money at all and my husband carrries the financial burden supporting this family on one income. I am ready to just give this up and go get a job somewhere because I don’t know if I even know how to grow this business. My husband will not let me give up because he says he believes in me. The cash situation is not good so there is not much I can put into the business at this point.
I wanted your advice Brian. I know your advice cost money but I really just want you to tell me something that can give me some type of motivation or hope not to quit. What is it that you have that I don’t? Why have you been able to grow your search firm to a multi million dollar company and I can not even get one client? I am really starting to feel angry and bad about myself! I hope you can shed some light and maybe open my eyes to something I am not seeing. If not, I understand and I wish you much more success.” - Sincerely, Marty Padilla
Hello Marty.
I suspect over the course of 2009 many recruiting companies will go out of business.
I also know that our company is unique in that all of our business is referrals-only.
But, the story behind how we started in the search business that led to all referrals is actually the key and a differentiater. I raised a lot of money for start-up and emerging culture companies in the late ’80’s and early ’90’s. I was an Investment Banker and Venture Capitalist. I helped many (now famous) people build their companies by raising “smart money” and helping them find the right management teams that would spend and leverage that money wisely. After a brief stint as a CFO I found many of these companies asking me to help them find their own financial and accounting leadership. It all grew from there.
Today, we serve clients that change the world around the globe. We do very good work, and guarantee our placements for a full year. That does not differentiate us so much as the fact that all of our fulfillment managers are “best-of-class” decision-makers in their own right. We are recognized Subject Matter Experts and Pundits across most disciplines. Most of us have build successful companies and organizations and our clients look to us for guidance. This is also why I am an executive and business coach.
We are also quite canny at introducing our clients to one another. This makes for very good business. As I our clients grow, they take us with them.
In the last few months we have launched an Accelerator where we have taken the next step and are growing companies that will then become clients.
A lot of it is luck. But, probably most of it represents a fairly contiguous path where I have always focused on best business practices, aided people around me with a servants heart, and have seen ever better rewards going on 20 years now.
Don’t lose hope. But, don’t hang on too long to something that is not working either.
Food for thought… If you think you have it in you to be a search and recruiting professional, consider signing on with another recruiting company like Robert Half International. They provide excellent training. They offer a base salary and good benefits. Its a great place to do good work for a reputable company and get a “paid education” that might set the foundation for your own business.
God always has a plan for us. But, we are in charge of the milestones.
I wish you nothing but the best.
Please stay in touch with me so I know how things are going for you.
By the way… If you don’t mind, I would like to show case this exchange in my Business Blog. I have a feeling it could help many others.
Be part of the Solution – and, not the Problem.
Brian Patrick Cork
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