Dec. 3, 2024

EP.06 - Building Resilience: Kon Kruglyak on Staffing Challenges and Entrepreneurial Growth

EP.06 - Building Resilience: Kon Kruglyak on Staffing Challenges and Entrepreneurial Growth
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Season 1

In this episode of Retained Trust, host Karl Hughes speaks with Kon Kruglyak, founder of Candidate IQ, about the realities of starting a staffing business in challenging economic times. Kon shares his journey from corporate and financial recruiting to launching his own agency. Together, they explore the highs and lows of the recruiting industry, the strategies for building relationships with clients, and the importance of persistence in entrepreneurship. Kon offers insights into navigating tough markets, the value of work-life balance, and what it takes to attract and retain talent. Tune in for an honest discussion about entrepreneurial resilience and the future of staffing. 

Key Points From This Episode: 

[00:00:00] Introduction to Kon Kruglyak and Candidate IQ. 

[00:01:07] Overview of Candidate IQ’s staffing model and services. 

[00:02:14] Challenges in recruiting amid economic shifts. 

[00:03:04] The impact of economic conditions on recruitment strategies. 

[00:06:19] Strategies for business resilience during downturns. 

[00:07:12] Persistence and relationship-building in the recruiting industry. 

[00:09:43] Key skills learned from corporate recruiting experience. 

[00:15:12] Reflections on pursuing an MBA and its entrepreneurial impact. 

[00:18:45] Gaining new problem-solving skills and networks through an MBA. 

[00:19:27] Early strategies for generating business for Candidate IQ. 

[00:21:19] Long-term vision: hiring and scaling the business. 

[00:25:32] Balancing prospecting with service delivery. 

[00:28:47] Staying resilient through rejection and market challenges. 

[00:32:11] Lessons from starting a business in a downturn. 

[00:39:04] Work-life balance, transparency, and culture for retaining talent. 

[00:45:18] Reflections on productivity, flexibility, and the entrepreneurial journey. 

[00:47:33] Kon’s vision for Candidate IQ over the next year. 

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