StartHub Newsletter #12 ??

Hi there ??

When's the 'right time' to start your own recruitment agency?

Huge question.

With no right answer.

We've launched founders:

• moving houses / building houses
• having first/second/third kids
• before/after big commission payouts...
• with/without/before co-founders and everything in between...

BUT...

There are some clues:

? You're preparing to start a cold desk

? You're opening a new branch / office / brand /region for an existing firm

? You're building a business plan for an established agency as part of your interview process... If you've got an entrepreneurial itch and you're rolling your sleeves up to build something from the ground up (without owning it)...

That could be your sign.?

If you're thinking of taking the next step in your career and want to discuss your business idea, please?book a confidential chat?with us.

Happy billing!

RecruitHub team

New Founder Launches in 2024 ??

We're super excited to welcome new founders into our rapidly growing community across the UK, US, UAE & Europe.

• ?? ???? - James Luterbacher, Helix Search
• ?? ???? - Tim Erimkhan, Proxima Search
• ?? ???? - Dan Mills, Hiiya
• ?? ???? - Elizabeth Kennedy, Julian Landsberg, Kennedy Bond
• ?? ???? - Zach Creighton, Hemans
• ?? ???? - Dean Norman, Dawn Search
• ?? ???? - Michael Green, Unico
• ?? ???? -?Simon Cottenham,?Source Energy
• ?? ???? -?Evan Santi,?Berkley Hunt?
• ?? ???? -?Andrew Banuchi,?Delver
• ?? ???? -?Alex Flis,?Private Placements
• ?? ???? -?Alex Mitchell,?AMA Talent
• ?? ???? -?Alex Wallace,?New River
• ?? ???? -?Alison Lowrie,?STEM Select
• ?? ???? -?Chris Whyte,?Kodu
• ?? ???? - Simon Taylor, HMN Capital
• ?? ???? -?Sam Banks,?Prospera Executive
• ?? ???? -?Jason Thomas?&?Jevon Barnes,?Alexander Barnes
• ?? ???? -?Joe Pridgeon,?Imperium Life Sciences
• ?? ???? -?Jon Woolley,?CandidTalent

Our global network of 100+ businesses support contract, perm, embedded, and retained search in over 30 countries. The invaluable wealth of experience and insights our network provides is truly exceptional.

If you're thinking of taking the next step in your career and want to discuss your business idea, please book a confidential chat?with us.

Founder Launch Stories?

Nicola Morse and Emma Storey

Co-Founders, Hera - UK, Tech

We caught up with Nicola Morse and Emma Storey to discuss Hera, a business they co-founded to help tech companies achieve greater results by building diverse teams.

Click here to watch short clips covering; how Nicola and Emma plan maintain full-time earnings as "lifestyle business" co-founders, why Hera supports diversity and women in tech and how RecruitHub's community adds value.?

"We want to enjoy our work more and genuinely make a difference for women in technology"

Founder Insight

Rachael Toon

Founder, evolX - EU, US & Canada, Aerospace & New Space Tech

Rachael launched evolX in September 2023 after 4 years of experience in Engineering and Tech recruitment, most recently with Strativ.?

?evolX specialises in evolutionary technologies, with a focus on UAV engineering... that’s “unmanned aerial vehicles” for the rest of us!

Rachael had an initial struggle for traction that’s common to many founders, and found she was spending her efforts too thinly across too many types of roles.

She found it tough to stay motivated and regularly thought about quitting - but her partner and support network encouraged her to keep going... so she was determined.

?The steps Rachael took included:

• Evaluating her time management
• Tripling down on what was proven to be driving results (hint: more varied BD and a lot of it!)
• Picking up the phone and reducing expectations on text/email channels
• Adopting an ‘inch wide, mile deep’ approach - she now almost exclusively works UAV engineering roles in the US.

After winning a role that was retained by another agency and unfilled after 3 months, Rach placed it (after negotiating a significant salary increase and hybrid working) and they started within the month!

She’s since closed out her career-high placement fee of $42k and won additional retained work.?

Her most recent Slack update?

“A bit overwhelmed with all the jobs, but its exciting!”

Huge congratulations for the grit and self-belief to battle through the difficult launch months to build a thriving pipeline and accelerating brand awareness.?

Watch this space!

Also....

Check out Rachael’s recent appearance on the Emoji Chat podcast where she discusses the emotions that come with entrepreneurship; Resilience, Motivation vs.

Discipline, Drive & Limiting beliefs.

Check out?evolX's website and follow Rachael on LinkedIn

Inside the Hub

US Meetup

• Next stop Austin TX for our US founder meetup in Q4 - ?? ?? ??

Platform 2.0

The latest version of our platform includes:

• Streamlined business processes with direct access via the portal (payroll, OKRs, P&L)
• Expansion of support content & access
• Enhanced employee onboarding & performance management tools
• Automated business reporting
• Suite of new marketing templates with click-to-brand design?
• Intranet (below) to manage business, teams and professional goals, with features including; OKR trackers Payroll submission Standard Operating Model blueprints Team week planning Employee performance management, self-assessment & goal-setting

Partner webinars

Tons of value from our partners in this upcoming series of webinars:

• Bullhorn - Analytics & Automation
• AdScribe - Raising revenue from LinkedIn posts, job descriptions, CV summaries, blogs, website and more
• Mike Whatman - how to build an effective onboarding and ramp-up program for new hires
• Ascen - a?guide to providing contract and interim staffing to the US market
• Hoxo Media - Sean Anderson joined us to discuss trends in BD and how to grow a LinkedIn community to drive inbound leadsket

Insights and best practice

• Efficient time management and planning
• Cold BD, objection handling, and pitching
• Building and maintaining strong client relationships
• Strategic candidate search and top-billing habits
• Continuous improvement of credibility with clients and candidates

EOY Awards!

We’re making final plans for our first RecruitHub End of Year Awards Ceremony!? This will include all types of success, with categories including:

• Top biller The big one - biggest biller across the RecruitHub network, 2024!
• Biggest fee Largest single fee generated on the RecruitHub platform.
• Highest-performance agency Our pick for overall top-performing agency of the year, judged on revenue, growth, per-head productivity, client diversification and quality of delivery.
• Breakthrough agency of the year The shining star among launches inside their first year of trading.
• Best overall brand Standout performer in brand awareness and engagement, from social media to marketing initiatives and inbound opportunity.
• Trailblazer The year’s top innovator, bringing fresh ideas to their recruitment solutions across product, pricing, brand, community or technology.
• Lifestyle leader Celebrating founders who’ve dialled in their work-life balance, living the entrepreneurial dream!
• Top community contributor Recognising the most consistent value-add participators in community platforms and initiatives.

Why people partner with RecruitHub

We've spoken to lots of founders this year to gain insight into why they decided to start a business, their journey to launching and advice for anyone who's thinking about becoming a founder.??

Watch the video to find out...

Billing numbers

How does a typical start-up perform?

On average, start-ups on the RecruitHub platform

Close their first placement within 60 days...

Bill on average of ￡270k / $343k in their first year of trading.?

Some bill over ￡800k / $1m!

Largest fee in 2023...

100% comms...?

Our platform supports a mix of lifestyle recruiters and growth agencies.

Most founders who want to scale start hiring 9+ months in.

...their employees go on to generate on average ￡12/$15k billings per month.?

Record is $500k inside 9 months

Connect with us for a confidential chat about your business idea or to answer any questions you might have.

Schedule your call here

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