60 second start-up: MyNewJob.me

Richard Alberg takes his place in the Smarta hotseat.

0-5 seconds: Sum your business up in a sentence

MyNewJob.me provides comprehensive online job seeking support to the unemployed and an affordable alternative outplacement service for employers.

5-10 seconds: What's the business model?

A classic Software as a Service (Saa) in a market that hitherto has had an expensive time-based consultancy model. A cost per head subscription or an organisation licence provides unlimited access to enrolled individuals.  

10-15 seconds: Who are your competitors?

Traditional offline outplacement providers, fear of the new and those who do nothing.

15-20 seconds: What's your USP?

We're comprehensive, always available, customisable and low-cost.

20-25 seconds: How have you funded it so far?

We're self-funded.

25-30 seconds: What were you doing before?

I was the founder and CEO of PSL, a psychometric testing company that pioneered the online assessment market.

30-35 seconds: Where did the idea come from?

A conversation with a recruitment consultant about the market combined with a familiarity with technology, business process automation and SaaS business models.

35-40 seconds: What's the smartest thing you've done so far?

Tailoring our product so that it helps Jobcentre Plus advisors support their unemployed clients.

40-45 seconds: What's the stupidest?

I spent three months thinking about the idea when I should have been busy building the business.

45-50 seconds: If your business was a biscuit, what would it be?

We'd be a cereal bar - they taste great and do good at the same time.

50-55 seconds: Which idea are you a bit jealous of?

Owners of great domain names; I was interested in the internet in the early '90s, but I didn't recognise the opportunity to register the many brilliant domains that were available.

55-60 seconds: Where are you going to be in 12 months' time?

We'll be the UK market leader in online career management and will be making progress with international expansion.

In association with

NatwestclearActual

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