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Prospect City Overview

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Description of services provided by prospect city. more at www.prospectcity.com

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Prospect City Overview

  1. 1. What is Prospect City? What does Prospect City do? Who uses Prospect City? Products/Services: Technology Products/Services: Research Products/Services: Accounting & Administration Relationships: How Prospect City can get you business
  2. 2. What does Prospect City do? Prospect City provides advice, products and services to build new search firms of all sizes and improve existing firms through the application of custom services and products in key areas. Our firm provides project and retainer-based services that improve the efficiency and profitability of executive search businesses ranging from sole proprietorships to large, global, multi-office firms. For new startups we offer packaged solutions that allow executive recruiters to focus on new business, resulting in a sound business infrastructure from which to execute search. These packages include everything needed to start your business. (we’ve even named some firms too) At any point our clients can scale up or down the services we provide, resulting in a flexible low risk proposition that gives your business the best chance to succeed. For existing businesses, we offer products and services that improve profitability through analysis and application of tools and services. For these businesses in today’s market it’s critical to operate as efficiently as possible to maximize profit and ensure your business succeeds during tough times. Our tools take all of this into consideration, including a pricing format that exchanges high up-front costs for small ongoing charges, minimizing your financial risk.
  3. 3. What does Prospect City do? Prospect City provides advice, products and services to build new search firms of all sizes and improve existing firms through the application of custom services and products in key areas. Our firm provides project and retainer-based services that improve the efficiency and profitability of executive search businesses ranging from sole proprietorships to large, global, multi-office firms. For new startups we offer packaged solutions that allow executive recruiters to focus on new business, resulting in a sound business infrastructure from which to execute search. These packages include everything needed to start your business. (we’ve even named some firms too) At any point our clients can scale up or down the services we provide, resulting in a flexible low risk proposition that gives your business the best chance to succeed. For existing businesses, we offer products and services that improve profitability through analysis and application of tools and services. For these businesses in today’s market it’s critical to operate as efficiently as possible to maximize profit and ensure your business succeeds during tough times. Our tools take all of this into consideration, including a pricing format that exchanges high up-front costs for small ongoing charges, minimizing your financial risk.
  4. 4. <ul><li>Who uses Prospect City? </li></ul><ul><li>Prospect City’s clients include global, multi-office firms, small boutiques and sole proprietorships in the U.S. and abroad. In addition to search firms, our tools and services are used by corporations of all sizes in pursuit of improved recruiting functions and talent intelligence initiatives. </li></ul><ul><li>Our clients include: </li></ul><ul><li>A leading executive search boutique specializing in senior level executive search, which engaged us to build and manage their entire technology operation, including a Velvet database, VoIP telephone system, email, website hosting and equipment supply/installation. </li></ul><ul><li>Over 35 boutique and sole proprietorships use products and services provided by Prospect City. Through our relationship they have the ability to scale up or down at a moments notice, so they can manage their clients and projects effectively. </li></ul><ul><li>Over 10 boutiques use our research and administrative services in an effort to align costs with search revenues, resulting in a higher profitability while lowering financial risk during slower times. </li></ul><ul><li>Global professional services firms and corporations in financial services, retail, healthcare and technology use Prospect City to provide and host customized technology solutions that include recruiting systems, succession planning systems, document storage systems and central intranet-based library and information sharing systems. Contact us for references. </li></ul>
  5. 5. Products and Services: Technology Our Velvet Database Solution is a web-based search management system designed exclusively for senior level executive search professionals. Velvet contains all of the features needed to operate efficiently without all those unused extras included with our competitor’s systems. Because each of our systems is customizable, our clients end up with a proprietary, branded system aligned with their processes (instead of one that forces you to meet its requirements). In addition, these systems are priced lower at startup in exchange for ongoing payments that minimize your financial risk. We’re honest and responsive to your needs, and to prove it, we don’t require any contracts. VoIP PBX-style telephone systems provide a large-firm professional experience for callers and phone users. Because they require just an Internet connection, the systems are extremely portable and flexible. Users can replicate phones at home offices and other locations. New offices and employees only require a phone, so expansion is simple and fast. Fully customizable, these systems have too many features to list, but one popular includes voicemails in your email inbox. Website/Email hosting and design is another key component of our business. We provide domain registration, website hosting and email to our clients. Because all of our systems are hosted off site, there is no local requirement for server/computer equipment and IT support in your office. All you need is an Internet connection.
  6. 6. Products and Services: Research Our research services group is uniquely qualified to service senior level executive recruiters. Our internal team members gained experienced at large search firms serving Partner-level recruiters. Their professionalism is unmatched and their portfolio includes C-level projects so you’ll be comfortable with our team representing your firm in the market. We have numerous success stories to share, including President ($8B), CFO ($13B), EVP ($5B). Our research services are scalable, too because we also operate the largest online community of independent research professionals in our Exchange Hub, which contains over 1,000 professionals covering every function, industry and geographical region. For a corporate client we provided candidates that resulted in over 24 hires within 14 months, so volume is not an issue. Because of our leverage in the industry, we can secure heavily discounted pricing on premium products such as Zoominfo, Hoovers, OneSource, Lexisnexis and other tools.
  7. 7. Products and Services: Accounting & Administration For numerous clients we provide bookkeeping services such as payables and receivables, including invoicing, collection services and payroll processing. Using desktop solutions such as QuickBooks or Corduroy, our online accounting system designed for recruiters and small businesses, our bookkeepers effectively manage important client business so recruiters can focus on new business development and search execution. We can manage without a need to sign your checks or access your bank accounts, but because we’re ethical, reliable and good at it, most clients eventually request it. Accounting services require a small monthly retainer, require no contracts, and allow business owners live access to systems and data. Our internal team of administrative experts provide numerous services to our clients, ranging from correspondence and mailings to proposals and template design. Our experts already know the nuances of executive search resulting in the efficient production of positions specifications, candidate write-ups, invoices, mailings and more. Hourly, project and retainer rates are available. Since no contracts are required, clients can turn up, down or off these services at any time.
  8. 8. <ul><li>Relationships: How Prospect City can get you business </li></ul><ul><li>Prospect City’s network of clients and industry executives allows us to introduce our clients to new opportunities. </li></ul><ul><li>Corporate Hiring Executives contact Prospect City regularly asking us to recommend executive search firms to support their hiring needs. </li></ul><ul><li>Executive search firms contact Prospect City frequently asking us to recommend clients who can address search work outside of their core expertise. </li></ul><ul><li>Many of our clients serve as “intermediaries”. While providing key services to senior executives in large corporations, such as management assessment and succession planning, these clients are often asked to identify and recommend search partners. Through this partnership, we are often asked to make recommendations. </li></ul><ul><li>Some clients use our technology to provide direct access to their clients in an effort to demonstrate transparency in search. As a result of this “plug-in” provided by Prospect City’s technology, our clients are awarded repeat business more often. </li></ul><ul><li>Email Prospect City at [email_address] or call us at 847.487.4256. Visit our website for more details at www.prospectcity.com . </li></ul>

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