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.
There are so many factors to consider when starting up your own business. From choosing a name and designing a logo, to hiring staff and onboarding new clients, it can be a real minefield. The most important thing to consider, before you start renting office space or building a team, is whether there is a gap in the market for your big idea. Once you’ve established that your business will provide a service which doesn’t currently exist, or is executed poorly by other companies, you can begin to establish yourself within your target market.
We’ve put together an essential guide to starting up your own business, including some must-do tips and tricks, and some pitfalls to avoid at all costs!
Formulate and refine your business plan
First of all, you have to transform your big idea into a tangible business plan. You’ll need to establish how you’re going to start out, both on a visionary and practical level, and set objectives for the next month, year and 3 years.
Ask any one of Team Triple Seven about their CEO, Simon Taylor, and the first thing they’ll say is ‘he’s always running around somewhere.’ We pinned him down for a cup of coffee to find what he really does in 24 hours…
6:30am - Wake up at home in Essex. Quick flick through emails and social media, before showering and walking to the station.
7:30am - Train to work. My train journey is exactly 42 minutes - just enough time for an episode of a box set. My current favourites are Billions and Ballers.
8:15am - Arrive at the office. 5 minutes to grab a cup of coffee then it’s straight into my first meeting, a daily update with our Graduate Rec2Rec team, ESG. I like to stay up to date with every role that each of our 4 brands are working on, their current clients, and candidates in the process.
‘One of the reasons that I decided to work with Simon was his wealth of experience and exposure to different markets. I thought that I could learn a lot from him, but what I have learned has far superse...
This is a question which has crossed the mind of every startup entrepreneur worth their salt.
Get it right, and you can create a high-performing business.
Get it right, and you can build a tight-knit team who work easily and efficiently together.
Get it right, and you’ll never need an employee handbook ever again.
The ‘right’ company culture is an entirely individual concept that differs from company to company; what works for a media agency will not work in construction, and what works in IT will not necessarily apply to the recruitment industry.
However, there are certain universal principles which go a long way in creating a positive working environment and a proficient team.
More and more firms are now recognising that a 9-5, clock-in, clock-out, system is not always the most effective way of getting the most from your team.
Indeed, a survey from Digital Mums last week found that 73% of millennial employees would be mo...
Simon Taylor, CEO of The 777 Group is trying not to use the term ‘laid back’, but it is proving difficult. And so, sat in a comfortable room, within an unconventional shared office space in central London, he’s recounting his journey through his past 20 years in recruitment. It’s clear that there has been some formal, hard work along the way, but Taylor’s whole career so far appears to have been dedicated to lining up the opportunity on which he can now build. He is 18 months into making a differently-minded recruitment business, which undoubtedly delivers value, but does so through a somewhat unique setting.
Taylor began his working life at the SThree group, which he describes as a brilliant training ground. From there he ‘fell’ into the Rec-To-Rec space, finding that while on gardening leave he had both the contacts of recruitment companies looking for talent and the contacts of recruiters looking for new opportunities. In short, he was able to bring the two together without m...