I have 3 years experience with recruitment agency. Now i want start up my own placement consultacy and I want work from home. Is it require any license to start business n any suggestions from ur side to start up an agency

From India, Bangalore

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Hi Ms. Hamsa
If you are starting from house based then registration is not required. Later if there is any expansion plans at that time you shall register. If at all you need any registration then you shall register with Shops & Commercial Establishment

From India, Bangalore
In relation to suggestions 'to startup the agency', my suggestions are as below:

1. Test the waters but do so well equipped to make an impression on your clients.

2. If your clients will come from the real world, make sure you have well designed and well printed business cards, letterhead, and envelopes. They don't have to be expensive. But, definitely should look and feel good quality.

3. If your clients will come from the virtual world, make sure you have a good website. It doesn't have to have bells and whistles, but should be well laid out, able to grab the reader's attention for longer than 8 seconds. You could create your website as part of your blog. Blogspot and Wordpress.com are excellent choices and both are free.

4. Make sure you use social media - particularly LinkedIn and Facebook - to get word of your business out and about. You don't have to hire a social media consultant for this. Just do enough research each night for a couple of weeks and you'll get an idea of what's required to get going.

5. Invest in your own access to naukri or another equivalent portal. Don't look for people for a shared key. While its very tempting and romantic to think of doing 'jugaad' especially at start-up stage, remember this login is perhaps the most vital tool of your trade. You could perhaps be stingy on your laptop and printer, but not for the most vital tool of the trade.

6. Don't waste too much time in getting your business in perfect order before you hit the market. Because, whatever shape you give your business prior to hitting the market, it will definitely change once you begin interacting with and servicing clients. And, that new shape will be of far greater value than what you will create before you start working with clients.

7. Be extremely self-disciplined. Working from home doesn't mean that its a paid picnic. There is ample research to indicate that working from home requires at least 3 times greater self-discipline than it does working in an office environment with peers and colleagues.

8. To start with (until you get a couple of clients) you must spend an average of 70% of your time sourcing clients, 20% time building your business' capability, and 10% time educating yourself and updating your own skills - especially selling skills, sales communication skills, and sales closing skills. Obviously, this allocation will change once you get more clients, but you'll be able to work out a happy medium as you begin to roll your sleeves and start diving into the business.

9. Give your client at least 50% more service than they require or expect. Why? Because if you do this, all it has cost you is your time. But, the amazing this is that even if 20% of those clients become your product champion and promote your themselves, its advertising no business could create even with a multi-million dollar ad budget.

10. Your top priority is remembering why you are getting into this business. And, you should always budget your 'me time'.

I hope my post has helped you. All the Very Best and Welcome to the Business World - this is where the Real Fun is!

From India, Gurgaon

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