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...
Exactly one year ago today, Triple Seven was born. And what a year it has been! What began as an entrepreneur’s vision, inspired by his previous experiences, is now a profitable startup business. In our first 12 months, we’ve hit some incredible milestones. We’ve chosen our proudest moments for this blog post.
We began with a 2-person office in WeWork’s brand new Aldgate Tower location - in fact, we were the first ever residents! Fast-forward a year and we now have a Reading and Glasgow branch, and a permanent team of 12 in our London HQ.
Harriet Bullough was Triple Seven’s first ever employee; she was also the first ever Consultant at ESG, Triple Seven’s Graduate Recruitment arm. She’s now Triple Seven’s longest-standing employee, and a Senior Consultant at ESG with a thriving client base of over 150 clients.
First candidate placement
Although Triple Seven isn’t a Recruitment firm (it's a Private Equity business that specialises...
According to Forbes, hybrid organisations ‘combine the social logic of a nonprofit with the commercial logic of a for-profit business’. What does this mean? Put simply, a hybrid organisation creates a solution to a social problem, whilst being commercially successful and self-funded.
For us, though, a hybrid business model means something slightly different.
Picture a City-based private equity firm. What comes to mind?
Chances are, you’re picturing a staid, corporate office, filled with middle-aged men wearing sensible-coloured suits. You’re picturing grey boardrooms, ties and top buttons, and contracts thicker than the Yellow Pages.
This is the impression that the Triple Seven Group are challenging. We’ve created a private equity firm that bridges the gap between the often-inaccessible, highly corporate financial industry, and the dynamic, fast-moving recruitment sector, with the innovative creative energy that comes from being a small startup.
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...