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Latest Posts by chrisr2
The one thing you need to do if you are niche job board (member-only)
Peek inside one of my consulting reports (member-only)
Why doesn’t this niche job board exist? (member only)
Questions from a young entrepreneur
I got a nice email from an NYU student about being an entreprenuer. I thought I would share since they were great questions.
Q. I’m toying with the idea of quitting grad-school and going full-time on my 4 month old startup..what is your philosophy on the value of education in school vs education via building a business?
A. Building a business is always a better learning experience than grad school in my opinion. I guess it depends on how much longer you have to attend. If you are close, might as well finish it. Looking back I am glad i went to grad school because it motivated me to start allcountyjobs. But if you still have a few years left it might not be worth it.
Q. Do you think it’s possible to build a meaningful business in this modern age of automation without hiring anyone?
A. Yes I do think its possible. Lean startups are awesome. If you are building a SAAS model you can certainly make a living off it. It will probably be just a lifestyle business in terms of sales. Employees can be a pain to manage but you can do a lot with just 2-3 people these days. Look what Instagram built with just 10 people!
Q. What’s the hardest thing you’ve ever done as an entrepreneur?
A. the hardest thing I had to do was probabaly building up my business again after the financial crisis of 2008. I lost half my revenue and it took almost 4 years to get it back to previous levels. But i did it and was able to sell for a good price.
Job boards aint dying
Its time for another one of those posts. Yes every year you see it in the blogs and twittersphere saying that job boards are dead.
Job boards are alive and well, especially the niche ones. Just look at this recent source of hire study from ATS vendor SilkRoad. For external hires, job boards lead the pack.
The fact is if you have a niche audience you can monetize with a job board. Just look at two of the leading tech blogs…Techcrunch & Mashable. Both of them have job boards!
Craigslist is a job board and I dont hear anyone saying they are dying.
Dont believe all the hype you hear. Job boards aren’t going anywhere, but what is happening is that there are more tools than ever for recruiters to recruit with. In the beginning there was just newspapers, then we added job boards, then we added social media & referral programs and now sourcing from sites like Linkedin are all the rage. So your job board is just one of SEVERAL ways to get talent.
All this means is you need better marketing to reach potential employers. You need to rise above the noise of everything else.
Job seekers are trained to use job boards. Thats not changing anytime soon.
Defender of job boards and other musings (audio)
Job board events
If you are serious about your job board this year I suggest you attend one of two events happening in the industry. The first is the IAEWS Congress being held in Vegas in April alongside the SHRM Staffing event.
Then the Job Board Summit sponsored by JobG8 is being held in Chicago in June. Details here.
I dont think I’m attending either one since Im busy with my new startup but I strongly encourage you to get involved in your industry. If you ever want to SELL your job board, its most likely to be bought by someone who KNOWS YOU. So go and meet people in the industry, make connections. It will serve you well in the long run.