Managing steady and structured growth is the biggest challenge for recruiters, according to a snapshot poll of recruitment owner managers undertaken by specialist recruitment investment and support vehicle HB RIDA.
More than 40% of owner managers felt that growth was a key challenge, while over 36% report attracting funding and sourcing investment as a problem. Just 5% found that developing an exit strategy was a challenge while 14% needed help with writing a business plan.
HB RIDA managing director, Helen Reynolds, says: “In terms of growth, sometimes owner managers can be their own worst enemies.
“One of the biggest mistakes is the ‘Porsche and Rolex effect’. This typically happens in year three of a new business where years one and two have been very successful. Instead of keeping a ‘war chest’, which can be used to invest for growth, owners reward themselves for their success and hard work — but it’s just a tad too early.”
Pamela Flores is an events professional with experience at Symposium Events, a UK-based conference and events organization. She has worked in editorial and event coordination roles within the HR and expatriate management sector, contributing to the organization of major conferences including the Expatriate Management and Global Mobility conference. Her background spans online editorial work and events management within the professional conference industry.
- Pamela Flores
- Pamela Flores
- Pamela Flores
- Pamela Flores
