Mentoring is a critical part of the development of an entrepreneur. Our Scale partners benefit from leadership advice from James Caan CBE, our senior management team, and other CEOs across the portfolio who have experience in successfully scaling and eventually exiting businesses.
James Caan sold Alexander Mann, his first recruitment business, in 2013 for $455 million. His second recruitment venture, Humana International, grew to 140 offices across 30 countries. As Chairman he takes an active role when it comes to the mentoring and strategy behind each business' growth plans.
Developing a robust strategy is fundamental to businesses' sustained growth. Our investment team works with all Scale portfolio partners to ensure they are focusing their core activity on the right areas to deliver growth targets. The senior management team helps review plans and provides strategic guidance formally on a monthly basis, as well as always being there for ad hoc advice.
The journey to success does not always run smoothly, markets can be unpredictable, and new hires don’t always work out as planned. This is why Recruitment Entrepreneur have an experienced senior management team in place to provide support and get things back on track. The autonomy offered to our partners means in most instances we would not need to get involved in the day to day management and strategy, as we set up and structure all portfolio partners for ongoing growth and stability. However, in certain situations when a business experiences dramatic changes in their market or a sharp decline in performance, we assist with recovery, and guide them through to a successful turnaround.
Our recruitment expertise and depth of knowledge across numerous specialist markets, means there isn’t much we haven’t seen or done before. As a priority in a recovery situation, we provide clarity and implement the necessary changes to deliver rapid and tangible results. As a board we work closely with our portfolio partners management team to; understand their specific situation, stabilise their performance, investigate turnaround options, and prepare and effectively execute an agreed plan that is reviewed weekly.
The Recruitment Entrepreneur senior management team provide a tailored solution for every eventuality, drawing on the insights of a wider group network, as well as from the Founder and Chairman, James Caan CBE.
"We went through a very difficult period where we underestimated the challenges of scaling our business and misjudged some of our decisions. On reflection, we grew too quickly, hired too many people and expanded internationally without maintaining our core business stability.
Fortunately the Recruitment Entrepreneur team gave us incredible daily support. Through
regular coaching they helped improve the decisions we were making, and guided us through some tough trading conditions. This eventually helped turn the business around and back into profitability, enabling us to concentrate on building the value we’d originally planned."
“Although we had traded for many years ahead of joining the Recruitment Entrepreneur portfolio, the decision was borne out of what we needed and where we wanted to get to as a business.
RE gave us structure, inspired us to think bigger, and taught us how to really understand how to put a value on our business.
For anyone considering how to get their recruitment or talent business to the next level, RE is the stand-out choice of investor.”