Looking for the right job, or looking for the right candidate for a job, can both be pretty arduous exercises. But when a company is needing temporary workers, it can be even harder. That’s why Nick Miller, co-founder and CEO of Buzzhire set up his company back in 2015. There was an ever increasing ‘on-demand’ economy, and he believed the largest constraint to businesses delivering on their customers expectations was the flexibility and quality of their staffing.
Knowing that smart technology and a transparent approach could make huge step-changes in solving these issues, the rest is history. We sit down with Nick to hear more…
Can you give us the low down on your company?
BuzzHire is a booking platform for temporary work. We connect employers offering temp work with candidates, in a seamless and convenient way, leveraging technology to make more informed job matches, quicker.
What do you think makes it distinct to any other companies – what’s its USP?
The smartest way to manage your workforce or working schedule. We take all the work out of sourcing, recruiting, training temp staff, so that managing your staffing is taken care for you.
What is your personal background?
I’ve co-founded 2 high-growth tech companies. One is now the leading e-commerce platform for Africa, called Jumia, and the other is a food-delivery online platform for the UK called EatFirst. Before that I held management position at fashion e-commerce platform, Zalora, and also spent a few years as an analyst at P&G.
What is the story of the company from launch until now? How big is the company now?
Launched in August 2015. Grown considerably since then, we’re now 16 employees with over 500 clients across London, growing 20% month-on-month.
What is the biggest challenge you’ve faced so far in your company?
Biggest challenge has been learning the art of fundraising while managing the continued growth of the business. Having scaled up businesses before, I was aware of the obstacles of growing a tech business from scratch but had little experience pitching for investment. Juggling these two at the same time was a new challenge and one that required me to learn fast as well as giving increased responsibility to the team to manage their areas of ownership.
What’s your biggest milestone/ which are you most proud of?
In the fragile world of a startup, ever day that passes we make small steps towards achieving our vision. In my mind, every day is a small milestone. I don’t like to think about big milestones, the only real milestone that I care about is creating a profitable solution that creates significant value for its users on a global scale. However, objectively speaking, we recently surpassed the 500 clients mark, which is a good reflection of the daily validation we receive from businesses that we’re providing a solution that they value.
What is your business model? How have you monetised your product?
We take a commission off every hour of work requested through our app. We’ve been generating income from day one.
What’s the next step for growth – is the intention to grow the business independently, or look for an exit via acquisition or similar?
For now, our only focus is to grow the business as much as possible. We’re disrupting a huge market and the opportunity in front of us is very exciting. As long as we stay focused on building a great solution, exit opportunities will be available and will be evaluated on a case-by-case basis.
Will you be looking for more funding?
Yes, once we’ve further validated our current business objectives we’ll likely look for more funding to fuel faster international expansion.