StartHub Newsletter - #15 ??

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Hello and welcome to the monthly StartHub newsletter - read by 2,485 recruitment professionals around the world. RecruitHub is the leading all-in-one platform to launch and scale a recruitment business.

It’s been a great Q3 for plenty of businesses in our community. A number of start-ups less than 12m into their journey generated $500k+ within the quarter, and several more crossing the $500k cash mark as they look to ramp up hiring and growth in the months ahead.

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 ??

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

?? ???? - Alastair Cox - ConnectMoor

?? ???? - Cameron P. - Juno People Solutions

?? ???? - Charlie Hendry - FutureTech Recruitment

?? ???? - Giancarlo Fiesco - Djup Search

?? ???? - James Crawford - Talent Studio

?? ???? - Sam Pipkin - ReKinect

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.

Behind the Numbers

Want to know if your equity offer is a good deal? These questions will help you uncover its true value.

1. What exactly am I being offered and what does that mean?
2. What are the accompanying terms and restrictions?
3. What is the potential value of the company?
4. What is the likely time frame for a potential exit?
5. What are the different share classes and their respective rights and restrictions?
6. Are there limitations on my ability to sell or transfer my shares?
7. Do I have the right to participate in a tag-along provision if the majority shareholder sells their share?
8. What business information am I entitled to as a shareholder?
9. What happens to my shares if I leave the company?
10. Does the company have a documented, time-bound exit strategy?

Want to make sense of your equity details?

We're here to answer your questions.

We'll help you review your plan, evaluating how likely it is that?it will pay out, when and how that could happen, and what it could be worth to you if it does.

Book a confidential chat with us.

Founder Community Insights

Round-up of what's been happening across the founder network

?? Kodu made 6 placements with a 100% fill rate and an impressive NPS of +100 in Q3, maintaining an average time-to-offer of 5.5 weeks.

?? Bounce Digital achieved record success with 8 placements across 5 customers, saving ￡12k in fees through a multi-hire campaign and achieving an NPS of +93.

?? EverHire opened a new office in Sweden, welcomed a new starter, completed new branding across multiple countries, achieved numerous placements, signed new clients, and received the most positive feedback ever.

?? Aspiron Search moved into their new Head office in Bournemouth! ??

?? UNICO moved in to their new home in Dallas. Founder, Michael Green is on the hunt for 3x headhunters. Get in touch if you can help.

?? Jesse Plona celebrated the first of many graduations from the Plona Partners Sourcing Academy.

?? The Design Journeys Podcast hosted every fortnight by Kodu founder Chris Whyte has a new website.

?? Cordell Beaumont are set to launch season 4 of their show - Maritime SoftwareHub - The People Podcast.

?? Radium Search founder, Tony Bates shared five key trends for navigating wealth management.

?? New York based Berkley Hunt shared feedback from a Series A health tech startup ??

?? Moxee founder, Amber Penrose's insight into how an email in 2012 changed everything.

?? Rx Group founder Hemish Ilangaratne is back with a new season of Let's Talk Quality: The Podcast???

?? Alison Lowrie, founder at STEM Select partnered with Women in Cleantech and Sustainability to discuss Male Allyship at RE+ Anaheim.

?? Hera co-founder Nicola Morse shared insights into how to financially prepare for starting a family and what employers can do to support working parents.

?? Stuart Mitchell, founder of Hampton North, shares his perspective on why there's too much emotion in hiring over logic.

?? Guy Bevington, founder of TrueNorth, interviewed Cheryl Rosenthal-Warlow, a seasoned leader in technology and people management, about her leadership style for his People & Purpose Podcast.

?? Rebecca Neville, founder of Constable Green, is hosting the next installment of their Roundtable events, which will focus on Residential Development and gather industry leaders.

?? Orbition Group released their D&A Talent Scorecard Assessment Tool, which helps CDOs identify strengths and improvement areas, revealing internal success but challenges in external talent attraction and recruitment processes.

?? FuturaTalent Founder, Guy Allen shares his approach to providing 360 feedback to candidates

Inside the Hub

Webinars

Tons of value in these recent and upcoming webinars:

• Automating Processes Using AI: Exploring various AI and automation tools and how community founders successfully utilise them to improve processes.
• Tax Efficiency: What can be claimed as a business expense, pension contributions, paying yourself strategically and more.
• Hoxo Media: Insights session around building personal brand and leveraging social media to drive inbound leads.

Previous webinar insights:

Hannah Chapman led an awesome session covering SourceWhale 's new features and updates. Here’s a brief overview of the powerful tools discussed and Hannah's top tips to maximise your outreach.

• "Spintax": Increase deliverability by rotating phrases, ensuring each email is unique.
• Email Warmup: Build your domain's reputation gradually to avoid spam flags, especially useful if you're restarting campaigns.
• Domain Sending Limits: Automate sending caps per domain to stay within safe thresholds.
• Campaign AI: Quickly craft personalised, multichannel outreach campaigns based on your input, saving time while allowing for customisation.
• Data Refresh: Update old CRM records in the background with new job titles, companies, and more, even without a LinkedIn URL.

Wealth Management

• 1:1 financial planning sessions to help founders align business and personal financial goals. These sessions aid young businesses in income, investment, and retirement planning, offering dynamic modeling of growth scenarios. Currently with UK founders, we'll expand to US sessions in Q4.

Platform Releases

• NEW Finance Packs to UK Beta customers next quarter. The redesigned format ensures faster distribution of month-end data, improving readability and financial understanding.
• 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

Austin, TX US Founder Meetup

We’re excited to meet with 20 founders in Austin from November 14-15, with a full-day workshop session to cover

• Building durable career journeys: Promotion pathways & criteria, commission structures (360, 180, layered/270), leadership roles & compensation plans, LTIP schemes
• Personal financial planning (founder): Balancing short and long-term income and wealth creation through agency ownership
• Automation and AI: Scalable, high-quality use of AI across recruitment agency processes, building effective automation-driven in/outbound sales systems, upcoming AI-driven changes to expect in core RecTech stacksWe’re excited for the event, and have some great input from industry experts to support the sessions!

Legends of the call ?? ??

Cold calling masterclass: Amber Penrose

Moxee Founder, and Hector Mentor, Amber Penrose shared her top tips on cold calling with Hishem Azzouz.

1. Leverage Preparation Tools: Utilise platforms like SourceWhale to identify interested prospects and create a relevance spreadsheet to prioritise low-hanging fruit.
2. Develop a Cold Calling Checklist: Ensure you have relevant contacts, a notepad, prompt questions for openers, and a clear availability schedule for follow-ups.
3. Craft Effective Openers: Prepare both relevance-based and direct openers, tailored to the prospect’s mood and the time of day to establish rapport quickly.
4. Listen and Address Objections: Actively listen to client objections, acknowledge their concerns, and engage them with follow-up questions to keep the dialogue moving.
5. Commit to Consistency: Dedicate specific days for cold calling each week to build a routine, accountability, and ensure continuous engagement in business development efforts.

?? Get the full insight here

?? Follow Hishem

?? Follow Amber

Lock down your aerial

Founder community podcasts

• Aspiron Search - Cyberbytes
• Cordell Beaumont - Maritime Software Hub
• Dataworks - ThinkData
• Orbition - Driven by Data
• James Simpson - SaaS Leaders Lounge
• Kodu - The Design Journeys PodcastRxGroup - Let's Talk Quality
• Synaxia Group - Transformational Blueprints
• TrueNorth - The Python People Podcast
• TrueNorth - The Diary of a CTO

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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