Recruitment
Post LinkedIn lead magnet · Recruitment
I calculated my freedom number in January 2023. We were 40 staff at Hoxo. Growing fast, reinvesting everything, building what we thought would be an exitable business one day. On paper it looked like the plan was working. Quietly, I was miserable with the direction it was going. I didn't enjoy the model we were building, but I assumed it was what my business partner Amar wanted, and I didn't want to let him down by saying it wasn't the path I was excited by. What I didn't know was that he was having the exact same thoughts. He thought it was what I wanted. In January 2023 we sat down to plan the year ahead and we both said it at the same time. We didn't want to sacrifice our lives now, pour all of our money back into the business, and hope that one day somebody would buy it. So we redesigned everything. Less headcount, less stress, more money in our pockets, and a much clearer goal around financial freedom. We worked out that if we gave it 10 years, ran a lean, high-margin business, and invested the profits properly, we'd end up in the same place as an exit without the pressure of scaling headcount and hoping the business was sellable. We essentially calculated a number that we could live on passively in 10 years, and we're now working towards it every single year. - Is it as ambitious as some people? No. - Does it mean we have to grow 200% a year? No. It means we have to make a certain amount of profit, reinvest it wisely, and freedom will come. It's pretty liberating when you stop chasing someone else's version of success and start building towards your own number. On today's episode of The RAG Podcast, I'm interviewing Christian Mather, and this is exactly what he does. He helps recruitment founders work out the business model they actually want, what their freedom number is, and how to get there without having to sacrifice everything along the way. If yesterday's post about the 0.3% stat made you think, this episode will give you the framework to actually do something about it. Full episode out now! Link in comments.
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