Season 7 | Ep20 - Owen Myers & Jenna Mackie on doubling revenue YoY whilst working a 4 day week!

On this week's show I was joined by Owen Myers and Jenna Mackie, the founders of Mackie Myers. Mackie Myers is a specialist accounting and finance recruitment firm headquartered in London, two and a half years old with 14 employees. Since launching, the business has doubled revenue year on year and operated in a sustainable way!They've introduced a 4-day work week after 12 months, which has been hugely successful. And they are now looking at growing from 14 to 40 - 50 over the next few years. In this episode, we talk about:Their start-up story whilst navigating the challenges of the COVID-19 pandemic at the same timeBusiness planning basicsTransitioning to a four-day workweek and the benefits they’ve experiencedManaging client expectations and effective communication Balancing work and parenthood Returning to work after maternity leaveChallenges and successes of 2022Profit margins in the recruitment industryThe current state of the business and their future vision!For anyone who's listening, who wants to build a business in the future always right at the start of their journey, this one's gonna resonate because ultimately, these guys are two and a half years in, everything's fresh, everything's real, and they're making it work. Chapters00:00 Introduction to Mackey Myers02:20 Working together at Michael Page08:29 Leaving Michael Page and starting a new business12:38 Navigating the challenges of Covid-1919:40 Setting up Mackey Myers27:19 Hiring and scaling the business34:24 First year of Mackey Myers42:47 Lessons learned and balancing personal life45:42 Business planning basics46:43 Transition to a four-day workweek48:04 Benefits of a four-day workweek49:02 Operating model of a four-day workweek50:53 Managing client expectations52:20 Communication with clients54:07 Balancing work and parenthood55:34 Returning to work after maternity leave59:21 Challenges and successes of 202201:01:09 Profit margins in the recruitment industry01:02:29 Current state of the business01:05:06 Future vision for the business__________________________________________Episode Sponsor: RecruitHubOur trusted partner RecruitHub helps new founders launch their own recruitment businesses in the UK, US & UAE. The community is growing rapidly, with over 70 founders on the RecruitHub platform.Everything you need to launch your own recruitment business with ease.- Receive 100% of the fees you bill- Own full commercial control of your business and increase its value- Cutting-edge tech stack, from ATS to sales automation- No admin - they handle everything from company registration to contracts, to finance and support- No setup costs on the platform, no recurring fixed costs, and no surprise feesIf you're thinking of taking the next step in your career and want to discuss your business idea, please book a confidential chat with RecruitHub's team or learn more here: https://www.recruit-hub.com/uk-awareness/__________________________________________Episode Sponsor: UntappedSafe to say it’s been a tricky year for the recruitment sector globally. Many have had to operate through uncertain times, making tough calls and streamlining where possible.However, accessing lower-cost resources internationally has proven to be the 2023 cheat code for business...