As a recruiter you are a middle man, match maker and life changer. Your role keeps the world turning and the bread on the table. You help the candidate get the lucky break, and the client expand that team. You get the hint – it’s all essential stuff.
If you think this is the life for you there are a few golden rules that will make your career a success.
They are fascinating, complex, frustrating things – and you are going to be dealing with lots of them, not all of who will be easy to love but all could be lucrative, if not now then maybe in the future.
The more you learn to listen, translate and negotiate the more skilled a recruiter you’ll be, so get in there and feel the love.
Know that hard work pays off
Like any sales role recruitment is a numbers game, you’ll leave a lot of voicemails, chase a lot of roles and stalk a lot of great candidates.
You only get the success you work hard for; the cliché is one as it is true – you make your own luck.
In this month's blog post, I'm going to explore how you can take your unicorn with a tiny horn and turn it into a majestic (and profitable) steed. When looking at the options, a lot of founders can be daunted by the steps needed to launch themselves into the next phase of growth. So just how does a business go about doing this?
Raising capital for a fledgling business is best looked at in distinctive stages: start-up funding (your own finances often, or from family and friends), seed, early stage/scaling-up and finally growth capital.
To find the right investor to support the next stage of growth you must first define where the business is in this cycle, in terms of the amount you seek or need.
One option are Angels Investors, private individuals with liquid assets from their own successes, who typically invest both money and knowledge into supporting a business they really believe in. As well as the financial benefits of having someone of known success on board, the best Angels will offe...
The recruitment industry has been going through a quiet revolution; in a digital world CV’s feel old fashioned, LinkedIn has been grabbing market share from traditional agencies and your phone gets yet another role in life.
The landscape keeps changing but here are five trends to watch in 2018.
Automation develops intelligence
Over the last few years Candidate Relationship Management software became the standard for most large recruiters to allow them to automate the relationships with candidates.
For many candidates this software is a barrier to a real conversation and limits ability to showcase additional value to a company. The next step is Talent Relationship Management which goes beyond just candidate box ticking data to encompass contingent works and current employees in a holistic approach to identify, engage and build talent networks.
Social strategy needs to be consistent
For both sides of the process – maintaining brand across all platforms is just as important for candidates as it...
2017 was another record year for investment. After a slow 2016, the number of deals made as well as the amount invested reached new heights, according to findings by Beauhurst. As always, both the largest volume of investments and the largest investment amounts were placed into growth-stage businesses.
2017 also saw several high value investments, including $66m for digital challenger bank Revolut, $50m for accountancy software firm Receipt Bank and $40m for lending platform Prodigy Finance
In 2016, the sector with the largest number of investment deals was Fintech, and 2017 saw a continuation of this trend, with Fintech once again leading the way, followed by Big Data and AI.
With the huge buzz surrounding the Fintech industry, and the number of large VC deals being made, it’s clear that Fintech is a burgeoning sector that is leading the way. But why is this?
Slice of the Future
The world around us is constantly changing – technology needs to adapt to reflect this. While industries such as...
Have you just finished university, completed your degree, and are ready to start leaving your mark on the world? Like most recent graduates, you have a great education, talent, and enthusiasm to start your career. However, the only problem is that you have no clue what to do next. In a world in which you have so many options, it is almost impossible to make such a key career decision. This becomes particularly problematic if your degree doesn’t guide into a specific field, such as law, accounting or medicine.
If you resonate with the text above, then stress no more. Just ask yourself this question, have you ever considered recruitment as a career path? As the UK economy continues to grow, the demand for talented people increases. Many employees find it harder and harder to find suitable candidates by themselves, so they leave this crucial aspect to specialists trained to identify and attract skilled individuals. Many companies say that their most valuable commodity is their people, so t...
Welcome back to the Triple Seven Startup Funding Series.
Last week we explored angel investors: who they are and what they can offer to your business. You can read the full post here: https://www.777grp.com/single-post/2017/12/06/The-Startup-Funding-Series-Angel-Investors
This week, we’re discussing seed funding.
This source of capital has risen in popularity over the past few years, helped in part by the rise of crowdfunding platforms such as Crowdcube, as well as the growth of new industries populated by high-growth startups, such as FinTech.
What is seed funding?
Seed funding or seed money is a type of early-stage funding given to a startup business, allowing it to operate until it is revenue-generating by itself.
The word ‘seed’ suggests that this is a very early stage of funding; however, this is not always the case, as established businesses can ofter open up seed rounds to facilitate expansion.
You may have seen news articles floating around referring to companies closing Series A,...
Last week, we announced the launch of the Startup Funding series. This is a guide for young entrepreneurs exploring funding routes for their startup.
The first option that we’ll be discussing is angel investment.
Angel investors generally tend to be high-net worth individuals who will provide an initial injection of cash for a startup business. Unlike a VC firm, these investors are less focused on the possible profitability of the business, but rather, they dedicate their attention to getting a business off the ground.
As angel investors usually offer funding at the very beginning of a business journey, they will often ask for an equity stake and/or a position on the board of directors in exchange for their money.
A business can have multiple angel investors who each give a percentage of the total funding required, and hence each take a smaller percentage of the company, or one investor who puts up all the money themselves.
Growing a startup business? You’re going to need some cash.
A successful business must grow in size to become more profitable. This is especially true in the world of Recruitment: more roles and more clients means more consultants needed to manage the increased workload. Those new consultants then onboard new clients, and the growth process begins again.
The growth process, though, is costly. From hiring and training new team members, to expanding your office space, it all adds up.
There are a number of ways that you can fund this growth process; to explain your options in detail, Triple Seven Group are launching the Startup Funding Series.
Each week, we’ll take you through a funding option for your business. These will range from Angel Investment, to Mergers, Acquisitions, Seed Rounds and more.
We’ll explain the benefits and disadvantages of each one, and explain which sort of businesses that each option will be suitable for.
We’re kicking off next week with Angel Investment. Check bac...
A few weeks ago, we spotted an article on LinkedIn.
The title caught our eye immediately. It was called 'Searching for the next Mark Zuckerberg.' But it was the content which kept us hooked. The article detailed a company's search for mentors and business leaders, with a wealth of experience in their respective fields, to advise and guide university entrepreneurs.
So, we sent an email to the author of the article, expressing an interest.
A month later, we're thrilled to be able to announce our partnership!
Triple Seven Group has partnered with Surgify, an emerging new startup aiming to to bridge the gap between intention and invention and help more young people take their first steps in entrepreneurship.
Through their mentorship programme, they match talented student and graduate entrepreneurs with a winning business idea, with experienced business leaders who can offer strategic advice and guidance to help their mentees build their businesses from the ground up.
The title caught our attention immediately - setting up a Recruitment start-up is very much our area of expertise!
Simon shared his thoughts with Recruitment International on the best time to hire for your startup. Read his comments below...
'This is probably the main thing that Recruitment start-ups get wrong. A lot of recruitment businesses grade their success by the number of consultants that they have - big mistake. If each of these consultants is profitable, that's fine, but the wrong staff still need to be paid every month and they drain cash. First off, you need to think about what you want from the business. Do you want a small, but highly successful team, or do you want to build the next big thing?
Once you know what sort of team you would like to lead, you need a strategy. Should you hire trainees or experienced or both? As a general rule, I recommend expanding only as a result of client demand, ie. if you have pulled so many cli...