In this article, you will learn how to start a recruitment cell business in India. Recruitment Cell business in India is highly profitable because multiple start-ups are emerging. Knowing and applying all the essential steps will make your business successful if you wish to start a recruitment cell business in India.
What is Recruitment Cell Business in India?
In easy words, Recruitment Cell Business is a staffing agency or an agency that provides services for finding human resources.
Every business needs certain manpower. Finding the right quality of manpower at the right price is the main motive of Recruitment Cell Business.
In India, Recruitment Cell Business can be of many types. The major types of Recruitment Cell Business are as follows:
- Focused on One Niche and providing services to businesses
- Providing Services to professionals and focused on several niches
In the first type of recruitment cell, you will be focusing on one niche, say finance and provide services to all the businesses that are working in this domain.
On the other hand, is a full-fledged recruitment agency. It provides services to all the businesses and also to the professionals. Professionals might use your services to find jobs and companies can also use your services to find the right person.
Stepwise Procedure to Start Recruitment Cell Business in India
To start recruitment cell business in India, there can be multiple ways. However, the basic outline of the stepwise procedure to start a recruitment cell business in India is as follows:
Company Registration
Company Registration is the first step to start Recruitment Cell Business in India. It is mandatory in India for every business to have business registration or company formation.
If you are an individual starting on a small scale, the One Person Private Limited Company Registration and Sole Proprietorship Registration is for you.
If you are starting your business along with a partner, you can have Private Limited Company Registration, LLP Registration, or Partnership Firm Registration.
Each of these company formation types has its own pros and cons. To know more about Company Registration that suits your needs and might benefit your business in the long run, you can consult our experienced and professional team of Chartered Accountants.
Business Plan
After you register your business and have a basic idea, it is time to make a business plan in writing.
A detailed business plan is essential to determine how you will be operating your recruitment cell, and what will be your long-term and short-term goals.
Most importantly, a well-made business plan will also help you find your weaknesses and strengths.
Lastly, if you need funding through a small business loan, or through investors, you will need a Pitch Deck and a well-made Business Plan.
GST Registration
Every business providing goods or services must submit taxes to comply with the laws. In India, the current taxation system is GST(Goods and Services Tax).
Hence, you should apply for GST Registration and do GST Return Filing. GST Registration will benefit you in paying taxes, availing yourself input tax credit, and availing several government schemes.
Moreover, having GST Registration for recruitment cell business will help you in building a solid image in front of multinational corporations.
Trademark Registration
Though Trademark Registration is not mandatory, you must have it these days. Trademark Registration helps your business secure branding as well as create a valuable asset.
Not having Trademark Registration Online for your recruitment cell business means your competitors or anyone else can misuse your branding and damage your business.
If you register trademark in India, you get the exclusive rights to use your mark whether graphical or sound. You can also have International Trademark registration to secure your business branding across the globe.
Recruiting Agent (RA) License
The Protector General of Emigrants (PGE) of the Ministry of Overseas Indian Affairs (MOIA) must be registered with the Emigration Act, 1983, in order to recruit Indian people for work overseas. Thus, International “Recruiting Agents” are those who have registered for recruiting with the Ministry of Overseas Indian Affairs.
In other words, you must have a Recruiting Agent License for your business if you are providing services to foreign companies working abroad.
Hire Manpower
You will also need to hire manpower to start a recruitment cell business in India. Some of the necessary manpower for your business will be accountants, CFO, bookkeepers, website developer, etc.
However, you can also outsource the tasks of these professionals. This will result in a reduction of costs and having services quickly and available all the time. For example, you can hire us for
- Online Bookkeeping and Accounting Services
- Virtual CFO at affordable prices
- Have Website Development Online
Marketing
Marketing is the last step to starting recruitment cell business in India. Once you have completed all the steps above, you should look for marketing opportunities within budget. Some of the best ways to market your business are through your own website, E-Commerce Websites, social media, and google ads.
Conclusion
In this article, you have learned about the complete process to start recruitment cell business in India. If you have any other queries or need assistance in any of the steps, feel free to contact our business experts.
Moreover, If you want any other guidance relating to start recruitment cell business or Company Formation. Please feel free to talk to our business advisors at 8881-069-069.
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